U3 LfO It s-1 i or Lr) LO OQf . of A-`- 1*,.~~~~~~~~_ k,.'. \ /11111 t 1_A ^.1 SEVENTY-THREE YEARS' HISTORY OF THE BOSTON STOCK MARKET, FROM JANUARY 1, 1798, TO JANUARY 1, 1871; WITH THE SEMI-ANNUAL DIVIDENDS PAID FROM COMMENCEMENT OF THE BOSTON BANKS, INSURANCE, RAILROAD, MANUFACTURING, AfD MISCELLANEOUS COMPANIES. ALSO THE PRICES OF AMERICAN GOLD, GOVERNMENT SECURITIES, STATE, CITY, AND RAILROAD BONDS, BANK, INSURANCE, MANUFACTURING, RAILROAD, MINING, GAS-LIGHT, AND MISCELLANEOUS STOCKS; WITH QUOTATIONS OF EXCHANGE ON LONDON THE PAST SEVENTY-THREE YEARS; &c. WITH FULL EXPLANATORY NOTES. BY JOSEPH G. MARTIN, AUTHOR OF "TWENTY-ONE YEARS IN THE BOSTON STOCK MARKET." BOSTON: PUBLISHED BY THE AUTHOR, No. 10, STATE STREET. 1871. ol; I \\(t:5)5 Sisi ', 3r) Entered, according to Act of Congress, in the year 187I, BY JOSEPH G. MARTIN, In the Office of the Librarian of Congress, at Washington. Boston: Sterotyped and Printed by Rand, A very, & Frye. PREFAOE. THE following pages have been compiled with the view of rendering more complete the history of the Boston Stock and Exchange Market, " Twenty-One Years " of which were presented in the.compilation published in 1856 under that title. In the additions now made, the same is carried back to 1799, and forward to 1871; thus embracing a period of SEVENTYTHREE YEARS, with complete dividend-tables of the several stocks and securities presented. The utmost care has been taken to render this addition to the " Twenty-One Years " reliable; and the tables and quotations are believed to be free from any important error. The prices-current of stocks and securities were corrected from the earlier dates to 1818, principally by William Cleland, at No. 70, State Street, also for many years by William Cochran; in 1810, by Frederick W. Geyer, jun., No. 3, Suffolk Buildings, Congress Street; subsequently by Bellows & Cochran, 15 State Street; and in 1815, and onward, by Stephen Brown, P. P. P. F. Degand, Henry Dawes, and others. From 1835 to 1850, prices are mostly compiled from public sales by auction, which afforded full quotations, especially in bank shares. Of manufacturing stocks, it was found impossible to obtain full prices, for tabular form previous to 1835; but such as could be secured are given from year to year in the general reading-matter preceding the tables. From 1850 to the present time, we have consulted carefully-prepared lists of prices made by us monthly, quarterly, and annually, based on sales by auction, and at the Brokers' Board. It should be observed, that some bank, insurance, and other stocks, were seldom in the market in earlier years; and, had they been freely offered, prices would naturally have ruled higher or lower in certain cases, according to the tone of the market. This is especially true in seasons of panic, where those pressed for positive sale get the benefit of depressed rates. Of late years, stocks being daily " called " at the Brokers' Board, quotations are obtained with fewer sales; and these have been availed of where fairly representing market values. To the officers of the respective institutions who favored us with a record of their earlier dividends (several of them at considerable outlay of time and labor), and to other gentlemen who have kindly taken an interest in the work, our thanks are tendered. The compilation of the present addition to "Twenty-One Years in the Boston Stock Market," published in 1856, is largely due (for the years prior to 1835) to the labors of Mr. CHARLES G. EMMONS, by whom a similar service was rendered in the preparation of the former work. His experience and fidelity in the compilation of statistics insured unasual accuracy in the figures and notes of that publication; and the same care and labor has been given by him to the collection of material for the earlier years of the present work. 8 I CONTENTS. ADVERTISING in Olden Times.. American Watch Company... Appendix, Prices of Stocks for 1870, in detail Atlantic Cables.... Bank Charters Banks, Downfall of... Banking and Finance, Notes on Banking Capital, Increase of... Boston Bank Shares, Fluctuations in, 1799 to 1855 " "4 "( " " 1855 " 1870 " " " Dividends of, 1784 1856 " " " " " 1856 " 1871 Boston Bank Bills at a Discount Boston a City Boston Gaslight Company, Fluctuations and Dividends Boston, Past and Present Boston Two Hundred Years Old. Central Wharf and its Stores Cheap Travelling.... City Securities, Fluctuations in, 1823 to 1855 " " " " 1855" 1870 Cold Weather..... Collection of Taxes in Olden Times 'Copper Stocks, Fluctuations in, 1845 to 1855 ' " " "c "~ 1855 " 1870! <" " Dividends of, 1846 " 1856 c" " " " 1856 " 1871 Crisis of 1837, and its Causes Earthquakes in Boston.... Exchange Coffee House. Exchange on London, Prices of, 1835 to 1871 Expressing in 1829. Fires in Boston in Early Times Fractional Bills Gaslight Companies, Fluctuations in, 1855 to 1870 ( " "L Dividends of, 1846 " 1856 "< ~ " "ctI "{ I 1856 " 1871 Government Securities, Fluctuations in, 1799 to 1855 " " <" " 1855 " 1870 Great " September Gale " Great Snow-Storm Hoosac Tunnel.... Horse Railroads.... Hot Weather Insurance Companies, the " Ups and Downs " of it" " the Profits of their Business Insurance Stocks, Fluctuations in, 1799 to 1855. 4" " " "( 1855 " 1870... " "( Dividends of, 1818 " 1856. " " " " 1856 " 1871. Interest Rates for Money... r~r, ~~~ ~~~~ r r J ~r~~ ~r~~ ~~~~ L, ~r~r ~~~~ ~~r~ ~ ~ ~ ~r~~ ~~~~ r~~~ ~~~~ ~r~~ r~~~ ~~~r ~~~r ~~r~ ~~~~ ~~rr ri~r ~~r~ ~~~(1 ~~~~ ~~~ ~~~ ~~, ~~~ ~~~~ r~~~ ~~~r ~~~~ ~~~~ r~~~ ~ ~ ~ ~~rr ~~~ ~ r~~~ ~~~, ~~r~ ~~r~ ~~I ~~~ PAGE. *.... 13 ~ *.. 74, 99.. 101-104..... 836.... 11, 33 *.... 31, 32.... 7-40.... 31, 50... 442-44. *.. 48.... 45-47.....49 ~.~~ ~. 10.. 17.65-67, 96, 97..... 74 ~....~. 23 ~....~. 13..... 14.... 89, 90 94, 95.10,11,14,, 16,21, 22, 26. 8..... 9. 91.... 96, 98 ~.... 92.....97. * *..29' 14 ~.~~. 15. 27.~. ~. 22 ~ 9, 15, 17, 18,19, 23. 31. 96. 92.... 97.... 89, 90. 94. 12 ~.. 25. 74. 74 8, 11, 19.....54.....59.... ~ ~55-57 ~.. 608,59 ~... 87-40 b, 6 Contents. Land Stocks, Fluctuations in, 1835 to 1855... " " " "( 1855 " 1870... " " Dividends of, 1831 " 1856 i" " it" " 1856" 1871 Lowell and its Factories Manufacturing Stocks of New England, Fluctuations in, 1835 to 1855 cc" " "t " (" " 1855 " 1870 '" " "( " D Dividends of, 1816 "1856 "~ " "I " " " 1856 " 1871 Massachusetts Bank, first in the State. Mining Companies, Fluctuations in, 1845 to 1855 <" " " "( 1855 " 1870 " " Dividends of, 1846 " 1856.. I" " i" " 1856 " 1871... Miscellaneous Stocks, Fluctuations in, 1823 to 1835... 6" " " " 1835 " 1855 It " "t " 1855 1870.. " " Dividends of, 1831 " 1856 It c" " "( 1856" 1871.. Money, Great Abundance of, 1835, 1843... " Interest Rates of, 1831-1871... Monetary Pressure..... Mt. Cenis Tunnel..... Ocean Steamship, the First.... Pacific Railroads...... Public Securities..... Railroad Estimates in 1831... Railroad from Boston to the Moon... Railroads in Early Times.... Railroads, Progress of.... Railroad Bonds, Fluctuations in, 1848 to 1855.. *' I' it" " 1855 " 1870.. Railroad Stocks, Fluctuations in, 1823 " 1835.. I" " " i " 1835 " 1855.. c",c " " 1855 " 1870.. ~' " Dividends of, 1835 " 1856 c" c" " " 1856 " 1871.. Real Estate in Boston, 1801,1824, 1833, 1864.. Removal of the Deposits... Resumption of Specie Payments, 1838, 1857.. Season-Ticket Holders..... Snow in May...... Solid Men of Boston in 1822..... State Securities, Remarks on State Securities, Fluctuations in, 1799 to 1855.., 4' " " 1855 " 1870 Stock Fluctuations, 1870 Suffolk Bank System... Suspension of Specie Payments, 1837, 1857,'1861.. The Embargo........ United-States Banks..... United States, Debt of..... United States Loans..... United-States Securities Abroad.... United-States Securities, Sketch of... United-States Securities, Fluctuations in, 1799 to 1855.. i" " " " 1855 " 1870.. Voting Places in Boston, 1800........ r ~ ~ ~ r ~ ~ r ~ r ~ ~ r ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ r ~ ~ r r ~ r ~ ~ ~ ~ ~ ~ r ~ r ~ ~ ~ r ~ ~~ ~ ~ ~ ~ ~ ~ ~ r ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ r ~ ~ ~ r ~ ~ ~ ~ ~,f ~ ~ ~ ~ r ~ ~ ~ ~ ~ ~ ~ r r r r ~ ~ r r ~ r r PAGE.. 91 * *... 96. 92. 97. 20 64, 65. 68 66, 67. 69. 51. 91. 96, 98. 92. 97,. 89.91. 96. 92. 97 28, 32 37-40 15, 30, 32. 74. 15. 36.41. 24. 21. 19,21, 22, 24. 73. 93. 95. 89 75, 76. 78. 77. 79 9, 18, 26, 36. 26 30, 34. 25. 28. 17. 86 89, 90. 94. 101-104. 19 30, 32, 34. 10 11, 28. 85. 12, 84. 87. 84. 89, 90.94.8 06 THE BOSTON STOCK MARKET. 1798 TO 1871. IN the following pages, matters of interest, not strictly connected with finance and stock securities, have been introduced for the purpose of relieving the dry detail of facts and figures, and presenting, in a measure, a history of "old times" in passing along. Commencing prior to the present century, we have given the rate of exchange on London for the first of each month, whenever there were any quotations; and, in this connection, it may be well to state that the Bank of England suspended specie payments from 1797 to 1821. The rates of exchange on New York, Philadelphia, and Baltimore are also given, - the London bills sixty days, and New York thirty days sight, unless otherwise stated. The extreme quotations for best market brand of flour are added, and the same for other principal grains, from 1811 onwards. 1798. - In these early years, but few stocks were quoted in Boston; in fact, only two Banks and 'two Insurance Companies existed. The United States had several loans outstanding, and the State of Massachusetts some 5 per cents. Railroads were, at this date, not even dreamed of: The following are the highest and lowest prices for the year 1798, not included in the series of tables from 1799 onwards. Union Bank, 120 to 125; United-States Bank, 120 to 124; Massachusetts Bank and Insurance Stocks, not quoted; United-States 6 percents, 75 to 831; do. 6 per cent deferred, 65 to 70; do. 3 per cents, 421 to 50. Massachusetts 5 per cents, 771 to 814. A new United-States 8 per cent loan, the following year, sold at 102} to 106 per cent. Addresses from the Legislature of Connecticut, from the students of Harvard University, and from other bodies, poured in upon the President of the Union, commending his firmness in resisting the demands of the French Directory. The Massachusetts Mutual Fire Insurance Company issued its rates as follows: first-class houses or stores, 35 cents; second, do., 37; third, 40; fourth, 42; fifth, 45; sixth, 50 cents per 100 dollars. In these earlier times, Marine Insurance was conducted by private offices. A policy was opened at the office, stating the vessel's name, with other necessary information, and the premium rate for insurance; and the frequenters of the office wrote their names on the policy, with the amounts they would take till the required sum was subscribed. Hence, the term " underwriter," which now has little significance. One of these offices was kept in a room of the " Bunch of Grapes Tavern," corner of Kilby and State Streets. The President of the United States made a northern tour in the summer of this year. At Newton and Little Cambridge, the cavalcade were cheered with " The President's March," played on two large piano-fortes placed in the road. The Boston Cavalry, commanded by Rufus G. Amory, met the President's company at Watertown. This cavalry company was the pride of Boston at that time. 7 8 Notes on the Boston Stock Market. Old Customs. - Before the present century, we find here and there some custom peculiar to the times. One Simon Baxter, for uttering counterfeit bills, to sit one hour on the gallows, with a rope around his neck. One John Brown, for theft, to receive twenty stripes on his naked back, at the public whipping-post, and pay three times the value of the goods stolen. The summons of the town treasurer to delinquent tax-payers took the form of a polite card of invitation. In 1794, the treasurer of Boston issued his notice as follows: " The town treasurer presents his most respectful compliments to those of his fellow-citizens who have not paid their taxes for 1793, and earnestly requests that they would pay the same to the collector as soon as possible." This bland appeal does not appear to have been heeded; for, in a subsequent card, it was stated that the treasury was totally drained, and the citizens were urgently invited to call and pay up. Exchange on London, June and July, 100; August and September, 98 to 99; October, 97; November and December, 95 to 97. On New York, Philadelphia, and Baltimore, 2 to 2j per cent discount. Flour, $6| to 11 per barrel. 1799. - Our relations with France were very unsatisfactory; the French privateers continuing their depredations against our flag. A Lisbon correspondent writes, "Several American vessels have lately been carried into the different ports of Spain; and the French consuls immediately condemn them, without respect or reserve." This state of affairs naturally exercised a depressing influence at home. London bills in January, 95 to 96; February, 95; March and April, 94 to 95; May, 94; June and July, 921 to 93; August, September, and October, 90 to 901; November, 94 to 95; December, 92 to 921. Flour, $9 to 11. We find the following as the tonnage entered in New York, Boston, Philadelphia, Baltimore, Norfolk, and Charleston, for 1797: New York, 153,031; Philadelphia, 96,579; Boston, 84,259; Baltimore, 59,837; Charleston, 37,440; Norfolk, 29,662. The whole tonnage employed in foreign trade, and belonging to the United States, at the close of 1797, was 597,777; ditto of coasting-trade, 237,400; fisheries, 41,732. Total, 876,911. Number of seamen, between forty and fifty thousand. 1800.-Prices of securities advanced very rapidly. London bills in January, 94 to 95; February, 971 to 99; March and April, 99 to 102; Summer months, 102 to 103; September, 100, thence 102. On New York, Philadelphia, and BAltimore, 2 to 21 per cent discount, till August, thence 1 to 2 per cent. Flour, $91 to 121 per barrel. Feb. 22 was observed as a day of sorrow, by proclamation of the President, for Washington's death, the 14th of December, 1799. Every demonstration of affliction was shown, as if the intelligence of his decease had just arrived. The Independent Cadets escorted the Legislature to Brattle-square Church, where Dr. Thatcher delivered the discourse; and Capt. Harris's company of Federal Republicans escorted the mechanics' procession to the Old South. A dirge, set to music by Oliver Holden, was sung with ability by Mr. Eaton and Capt. Williams, assisted by a full choir of the ablest masters in the state. The oration was pronounced by Joseph Tuckerman. Voting-places in 1800: Ward 1, Gun House, Copp's Hill; Ward 2, Rev. Mr. Eliot's Meeting House; Ward 3, Rev. Mr. Murray's; Ward 4, Rev. Mr. Lathrop's; Ward 5, Mr. Haggar's large store in Ann Street; Ward 6, Green-dragon Tavern, Union Street; Ward 7, Rev. Mr. Howard's Meeting Iouse; Ward 8, Faneuil Hall; Ward 9, Old Brick Meeting House, head of State Street; Ward 10, Rev. Mr. Popkin's Meeting-House; Ward 11, Rev. Mr. Kirkland's; Ward 12, Rev. Dr. West's. A Hot Week. -July 24 to 31, inclusive, the thermometer in the shade at three, P.M., stood at 91, 99, 86, 89, 77, 85, 95, and 100. 1801.- There was a large advance in prices of all securities. London bills, Notes on the Boston Stock Market. 9 January, 100 to 101;. February, 971 to 98.; March, 951; April, 94} to May at 99; June, 95} to 98; July and August, 95 to 96; September, 97; October, 97. to 99; November, 97.; December, 98 to 99. New York, Philadelphia, and Baltimore, 1 per cent discount. Flour $7} to 14, gradually receding from March to lowest price. Travelling in these days does not seem to have been very expeditious. The mailstage for New York left Monday at eight, A.M., arriving at Providence at six, P.M. Thence Tuesday at four, A.M., reaching New London at eight, P.M. Left New London at four, A.M., Wednesday, and arrived at New Haven at eight, P.M. Left New Haven, Thursday, five, A.M., and arrived at New York Friday noon, at an average expense of seven cents per mile for fare, and five to six dollars for victualling and lodging. In olden times, prayers were offered up for those making the New-York journey, and those who had not made their wills attended to that necessary duty. Two devastating fires occurred this year, on Gardner's, Burdill's, Hichborn's, and Goldsbury's Wharves; the fire extending into Fore Street. A vast amount of property was consumed, and only $10,000 insurance. A this time, the public schools of Boston were an object of special care, as they have ever since been. July 8, the School Committee, accompanied by Gov. Strong, the Board of Selectmen, reverend clergy, town-officers, and many literary and private gentlemen, visited the public schools, and afterwards partook of an elegant repast at Concert Hall. The United-States Bank paid its semi-annual dividend of 4 per cent in January. Pursuant to Act of Congress, July 14, 1798, to lay and collect a direct tax within the United States, a hundred and thirty-five estates in Boston were advertised to be sold June 11, unless the taxes and charges were paid. The low valuation of real estate then, as compared with prices in 1870, may be judged of from the fact, that, of these hundred and thirty-five estates, six-two, comprising land and shop or dwelling-house, were valued below $1,000 each; fifty-one, between $1,000 and $2,000; seven, between $3,000 and $1,000; two, between $4,000 and $5,000; and one, Spear's Wharf, with stores, at $16,000. The highest was Jonathan Harris's new house on High Street ($22,000), on which the tax levied was $62.66. This was known as " Harris's Folly," from its great cost and immense size for the times. 1802. - Prices of most securities advanced very rapidly: London bills, January, 97 to 97; February, 95} to 96;. March and April, 971 to 98; May, 98 to 99; June, 97} to 98; July, 98} to 99; thence to December, 99 to 100. New York, Philadelphia, and Baltimore, 1 per cent discount. Flour, $613 to 9. 1803. - Prices of public stocks declined rapidly from January, but partially recovered at the close of the year. London bills in January and February, 101; March and April, 100 to 101; and thence to August, 102 to 1024; August, 101; September, 102; October, 1001;. November, 1041 to 105; December, 104. New York, Philadelphia, and Baltimore, i to 1 per cent discount. Flour, $6j to 8j per barrel. April 28, subscription-books for the Boston, Bank were closed; upwards of $3,000,000 having been subscribed by one thousand one hundred and fifty-seven persons. The stock on the market opened at 110 to 111. The Bank gave notice that notes for collection and deposits would be received June 27. The (old) Suffolk Ins. Co. elected its first board of directors June 15, and commenced issuing policies July 7. Epes Sargent was elected its president. Capital of the company, $225,000. The New-England Ins. Co. also commenced business with a capital of $300,000; the capital of the Boston Marine Ins. Co., $500,000; Massachusetts Fire and Marine $600,000; Union (not yet in operation), $300,000. 1804. - Bank-stocks declined rapidly, the year closing upon nearly the lowest quotations in our table of prices. Government securities fell off, but subsequently 10 Notes on the Boston Stock Market. rallied. London bills in January, 104 to 1044; February, 102 to 1024; March, 101 to 1014; April and May, 102 to 1024; thence to October, 100 to 1004; October, 101 to 101; November, 1(2; December, 101 to 1021. Amsterdam, 384 to 404. No variation in domestic exchange. Flour $61 to 111. 1805. - The course of prices downwards in all securities, with some small gain at the close of the year. London bills in January, 102 to 1021; February, 100 to 1004; March, 99; April and May, 98j to 99; June, 97 to 974; July, 95;'August, 934 to 944; September, 95 to 951; October, 974 to 98; November, 98 to 981; December, 96 to 97. Amsterdam, 364 to 381. Flour, $83 to 134 per barrel. 1806. - Prices of securities advanced from January onward. London bills, January, 97 to 97,; February and March, 984; thence to August, 100 to 1004; August to December, 99; December, 974. Amsterdam, 38 to 40. Flour $64 to 9. January of this year opened with the most mild and pleasant weather for the season, as stated, since 1745. No snow or ice in the streets, and the fields like the last of Autumn. This was followed by an intense cold, and the harbor so frozen over that people came up from Fort Independence on the ice. 1807. - Prices of money-stocks receded, though without any important variation. The troubles in Europe, coupled with a belligerent show at home in relation thereto, had a depressing effect. London bills, January, 97 to 971; February, 99; March, April, and May, 984; June, July, and August, 97; September, 951 to 96; October, 974; November, 98; December, 994 to 100. Amsterdam, 384 to 40. Flour, $64 to 84 per barrel. 1808. - Stocks quite stationary, except United-States Bank and Government securities, which showed a marked gain with the advance of the year. London bills in January, 100 to-; February, 103 to 1034; March, 103; April, 1044 to 105; May, 107; June and July, 1054 to 106; August, 106 to 1061; September, 105; October and November, 104 to 104- and in December, 107 to 109. Flour, $5 to 71. 1809. - The Embargo. Prices of Government and Bank stocks quite steady. The recent Embargo Act caused a great sensation, with much discussion in the papers; and a meeting was convened in Faneuil Hall, Jan. 3, to debate the measure. Stephen Codman moderator, and Thomas IH. Perkins chief speaker. To judge from the Bank Thermometer, so called, or discount on Bank-bills, the currency of New England was not remarkably uniform. Lincoln and Kennebec, 3 to 4 discount; Penobscot, 10 to 12; Northampton, 15; Vermont and branches, 5 to 15; Berkshire, 20 to 50; Hillsborough (N.H.), 30 to 50; Cheshire, 30 to 40; Coos, 40 to 60 discount, &c. For most of these par was offered in exchange for rum, lottery-tickets, and other like delicacies of the day. A gentleman in Boston, desirous of subscribing to " The Philadelphia Aurora," remitted five dollars, and received the following reply:"Sir, - Your letter of the 22d inst. was received this day. The bank-note therein contained I now return to you, as it is of no value whatever here. If you will be good enough to send by post a five-dollar note of any house in the city of New York, or in the States of New Jersey, Pennsylvania, Maryland, or Virginia, " The Aurora" shall be immediately sent to you. New-England notes cannot be passed here at fifty per cent discount." Dec. 14, the Boylston Market was opened for public accommodation. It was an elegant building for the times, and a commodious market-house, proving a very lucrative investment. London bills in January, 110; February, 107; March, 104; April, 101 to 103; May, June, and July, 100; August and September, 101 to 102; October and November, 100 to 101; December, 96 t6 99. Amsterdam, 40 to 424. Flour, $64 to 84. Notes on the Boston Stock Market. 11 1S10. - Prices of money-stocks without essential variation. London bills, January to June, 96 to 97; June, 971 to 98i; July, 96 to 961; thence to November, 94 to 95; November, 93 to 94; December, 91j to 93. Amsterdam, 42 to 43 till August, and none afterwards. Flour, $7} to 111, the year closing on the highest figure. The almost total stagnation of business rendered prices of the staple and more important articles of foreign commerce merely nominal. The 19th and 20th January noted for great cold. 1811. - Bank-Charters. There was a marked decline in the prices of all securities, with a slight rally in December. The approaching expiration of Bank-charters in Massachusetts caused a flutter in the market value of shares, so that prices fell off seriously till the matter was favorably settled. The Boston Bank invited its debtors on bond and mortgage to pay up, the charter bing soon to expire (in 1812), and its renewal was uncertain. This summons was revoked in 1812, on renewal of the charter. The first United-States Bank was established in 1791. The charter expired March 4, 1811, the casting-vote of Vice-President Clinton preventing its re-charter. Stephen Girard invested largely in this stock, and bought out the entire concern when in liquidation, changing its name to Girard's Bank, and continued it as a private institution until his death, in 1831. The average dividends of the United-States Bank from 1791 to 1809 were 81-i per cent per annum. The stock was valuable, and sold in 1796 up to 150 per cent. London bills in January, 90 to 91*; February, 90 to 91; March, 88; April and' May, 89} to 90; June, 86 to 88; July, 84 to 86; August, 78 to 80; September, 77 to 78; October, 78 to 79; November and December, 82 to 83. Flour, $8-8 to 12. 1811 was called the "hot year," the Cambridge thermometer reaching 102~. Sept. 11, a great solar eclipse, lasting from a little past noon till after three, P.I.; five-sixths of the sun eclipsed, and fowls went to roost. 1S12. - The stock-market depressed: prices declining till after war was declared, when a rally set in, and the year closed on much higher quotations than ruled in January. The re-chartering of the banks had a favorable effect upon their market value. London bills in January, 82-; April, 79 to 80; June, 80 to 83; July, 75; August, 80; September, 78; October, 80; November, 85 to 86; December, 804 to 81. On New York, i to 1 per cent discount. Flour, $10 to 124, after the declaration of war in June. Severe Cold.- From Jan. 16 to 22, inclusive, was recorded as probably the coldest week the present century; the average temperature being about one and a half degrees above zero only. The highest was but ten above, and down to nine and a half below zero. 1813. - The course of prices downwards for all securities. Letters from Amsterdam announced that United-States 6 per cents were down to 80, the lowest price touched in that market. London bills in January, 80 to 81; February, 82; March and April, 83 to 84; thence to September, 84 to 85,; October, 84~1; November, 86; December, 87 to 87-; and the year closed at 91 to 93. On New York, Philadelphia, and Baltimore, i to 1 per cent discount. Flour, $113 to 1 7, per barrel. In December, 1811, barley was at 75 to 80 cents per bushel; Southern corn,.80 to.85; Northern, do.,.85 to.90; rye,.97 to 1.00; oats,.45. In 1812-13, barley advanced to $1.25; Southern corn, $1.70; Northern, $1.75; rye, $1.80; oats,.90. Tea and War. - Tea brought at auction in Philadelphia $2.14 a pound in 1813. One of Stephen Girard's vessels from the East Indies having been caught by the British just as it was making port, Girard redeemed it at the price of $120,000 in f 1.2 Notes on the Boston Stock Market. gold. The cargo, principally of tea, bringing the above handsome price per pound, he made a good affair out of it. 1814. - The course of prices still downwards. Bank-stocks fell off largely after the Fall dividend. Holders of Massachusetts State notes, payable Jan. 1, were requested to present them at the State Bank for payment. The United-States 6 per cent new loan sold as low as 65 at Boston, and the Treasury notes, from 98S, fell to 73. In the Fall, there was a sale of State-Bank stock down to 65 per cent at auction; and the prices of the Boston, Union, and New-England [tanks were marked uncertain. Had there been sales at the same time with the State Bank, prices would have been lower than those exhibited in our tables. On account of the suspension of specie payments outside of New England, the United States and other securities stood nominally much higher at New York and elsewhere than at Boston. A writer, calling himself a " Stray Yankee," in complaining of the hard times, said it could not be denied, that, for the last year, there had been more failures in Boston than in all the seaports put together, and that this great calamity had been brought about almost entirely by the Banks, which persisted in maintaining specie payments against the rest of the country, so that they were compelled to refuse discounts, and to call upon borrowers to pay up and in as fast as possible. London bills in January, 96 to 97; February, 911 to 92; March, 89 to 92; April, 93 to 95; May, 90 to 91; June, 87 to 90; July, August, and September, 87 to 88; October, 86 to 87; November, 84 to 86; December, 83 to 87. On New York, Philadelphia, and Baltimore, till August, i to 1 per cent discount, and reached 18 on New York in November, on Philadelphia 19, and Baltimore 20 per cent discount. In October, the National Loan would hardly bring 75 per cent. Treasury notes were at.27 per cent discount. Flour, $113 to 151, and most of the year from $131 to 15; barley, per bushel, $1.16 to 1.25; Southern corn, $1.20 to 1.60; Northern, $1.25 to 1.84; rye, $1.75 to 2.50; oats,.65 to 1.00. 18115. -Prices still downwards. The new United-States 6 per cent loan, taken in January at 871, fell to 81; the old and deferred 6 per cents, from 90 to 821; and the 3 per cents from 51 to 44. Massachusetts 5 per cent notes advanced from 90 to 101, and United-States Treasury notes from 73 to 90, but receded to 841. London bills, February, 87; March and April, 901 to 92; May and June, 94j to 95; July, 87 to 87i; August, 88- to 89; September, 94, to 95; October, 971 to 98; November and December, 97. On New York (at sight), February, 18 to 19 discount, Philadelphia to 20, and Baltimore, 20 to 21; and gradually declined to 31 on New York in May, Philadelphia to 51, and Baltimore 71; again increasing to 13 on New York, and nearly to former rates on Philadelphia and Baltimore in October. Flour, $6I to 113; barley, $1.00 to 1.25 per bushel; Southern corn,.87 to 1.33; Northern,.95 to 1.42; rye,.97 to 1.80; oats,.50 to.75. The State Bank called a meeting to consider the expediency of dividing the capital, or a part thereof, among the shareholders. [See 1817.] The great gale, often referred to as the " September gale," occurred the 22d September. The glass-house was blown down, and Charles-street and Hollis-street meeting-houses were damaged. The State House lost two chimneys; and more than twenty stately elms on Boston mall, the large elms in front of the State House, and several of the largest which shaded the walk by the Granary Burial-Ground were,toppled down. The steeple of the Old South Church rocked like a pine-tree, and it seemed as though it must blow over. United-States Loan. -Of the 6 per cents of 1812 (due 1825), nearly $8,000,000,obtained par. 6's of 1813 (due 1826) were placed at 884 per cent. 6's of 1814 Notes on the Boston Stock Market. 13 (due 1827), above $12,000,000 were placed at 80, and smaller portions at 85 to 901 per cent. The 6's of 1815 realized from 95 to par. 1816. - Prices declined in the Spring, but rapidly improved the last half of the year, with a very marked advance in United-States securities. The Second UnitedStates Bank was chartered by Congress, and subscriptions to its stock were received in the United-States Funded Debt, at the rate of par for the 6's, 1064 for the 7's, and 65 for the 3 per cents: three-quarters of the capital might thus be subscribed for, or in gold and silver. As the 6's were down to about 80 per cent, 7's at 90, and 3 per cents 50 to 55, a very large rise at once took place in these securities, aided by other favorable circumstances. The old Green-Dragon Tavern, on Union Street, having been closed for thorough renovation, the landlord issued the following personal notice at the opening: "The keeper of the Green-Dragon House invites all his old friends and customers to call,David Storrow excepted." A Mr. Newman, merchant-tailor in "Tailor's Row," State Street, adopted a system of advertising not known at the present day. He offered to furnish three suits a year for $117; four do., $142; five do., $162; and for $200, any number one may choose to wear, old suits to be returned: the $200 customers having the privilege of always keeping two suits on hand. London bills, January, 971; February, 100; March, 1014; April, 103. to 104; May, 99 to 100; June and July, 974 to 984; August, 1004; September, 102 to 104; November, 1041; December, 1031 to 104. On New York, in January, 9. to 10 per cent discount; Philadelphia, 13 to 14; Baltimore, 16 to 17; and gradually declined to 5 on New York in the Spring, on Philadelphia 11, Baltimore 15; then rose in May to 9 on New York, 16 on Philadelphia, and 18 on Baltimore; reaching 10 on New York, 18 on Philadelphia, and 20 on Baltimore in the Summer, and settling to 14 on New York, 6 on Philadelphia, and 74 on Baltimore, in October and November. Flour, $7 to 124; barley, $1.00 to 1.08; Southern corn,.88 to 1.75; Northern corn,.97 to 1.97; rye,.98 to 1.65; oats,.55 to.85. The average price of flour at Charleston in August was $18 per barrel (in specie). Grass was very scanty in Vermont and adjoining States. In the vicinity of Portland, there was not enough in July to graze cattle. Hay rose from $27 to 40 a ton; and butter was up to 40 cents a pound. The highest prices for grain ruled in the Fall. According to " The NewYork Columbian," hickory-wood was up to $27 per cord in New-York City, in February, 1816, and with sawing and cutting, $30. In February, the thermometer fell to seven below zero in Boston. Central Wharf.- "The Centinel," in December, said, " We venture to say, that the new range of fifty-two stores, now finished, and forming Central Wharf in this town, has not its equal, for extent, elegance, and convenience, in the commercial world." [At that day, such ranges of stores as now ornament Commercial Street, Franklin Street, State-street extension, and other localities, were not dreamed of.] In July, a new bell, weighing fifteen hundred pounds, was placed in the Old South Church belfry, replacing one the gift of Capt. Timothy Cunningham in 1728, which weighed twelve hundred pounds, and was acknowledged to be one of the clearest and most harmonious bells in New England. The new bell was cast in London. The clock was made by Gawen Brown, al eminent Boston mechanic. The first savings bank in the United States was opened at 24 South Sixth Street, Philadelphia, in December of this year. The second savings bank was started in Boston, early the following year, and is still in successful operation. 1817. - The upward movement in prices of all securities was very strong. London bills in January, 1014; February and March, 994 to 100; April, 1024; May, 103; 14 Notes on the Boston Stock Market. June and July, 1014 to 102; August and September, 100. to 101; October, 1021; November and December, 1013 to 102. On New York in January, at 11 to 11 discount; Philadelphia, 5 to 6; Baltimore, 8J to 9; but, by May, gradually declined to par to J per cent discount, on the three cities. The New-York banks resumed specie payments, Feb. 20. Flour, $9. to 15i; barley,.75 to 1.33; Southern corn,.80 to 1.80; Northern corn, $1.12 to 2.00; rye,.90 to 1.75; oats,.45 to.85. Hay, $20 to to 40 per ton. Owing to the scarcity of grain, the Governor of Delaware recommended a resolution requesting Congress to prohibit its exportation. Cheap Travelling, thus stated, was, in 1817, $144 fare, from Boston to New York, and $94 to New Haven; New York to New London, $8, being a reduction in rates. From Philadelphia to Quebec, distance six hundred and ninety-nine miles, fare $47, time a hundred and three hours. Philadelphia to New York, fire $10. New York to Albany, by boat, $7; time, twenty-four hours. Stages left Boston for Burlington, Vt,, at three, A.M., Monday, arriving at Burlington on Wednesday, six,.P.M. The mail-stage used to leave Boston in the morning, and arrive at Portsmouth in the evening; left Portsmouth next morning, and arrived at Portland in the evening. -Those wishing for seats were invited to apply at Mr. Kendall's, at the " Bunch of Grapes Tavern," State Street. Cold Weather. - Jan. 22, persons crossed over from New York to Hoboken on the ice. The North River was covered over with ice, and the bay, from Bellows's Island to the narrows, completely blocked up. At Boston, Feb. 5, the thermometer in different parts of the town stood at twelve to fifteen below zero, at eight, A.M. The cold in New York was more intense in February than for twenty years past, navigation in the North and East Rivers being wholly impeded. Feb. 14 was the " cold Friday" at Boston, so often alluded to. The capital of the State Bank reduced, and the par value changed from 100 to 60. Wednesday, Feb. 19, the first savings bank in Boston was opened at its office in the old Court House, Court Street; James Prince, Esq., the First Treasurer. This was the second savings bank in the country. An Earthquake shock, Sunday, Oct. 5, 1817, was so severe as to throw down walls. at Woburn, and houses rocked like a cradle. At Cambridgeport, the people vacated the meeting-house in a body. In Broad Street, Boston, several inhabitants left their dwellings. The time was forty minutes past eleven, A.M.; and a gentleman who was in Bromfield-street Church remembers distinctly that the people ran out in great alarm, and the church rocked so much as to make him feel sea-sick. Rev. Timothy Merritt was preaching on the power of God, and, after the shock, took occasion to enforce the practical illustration of his text. [Oct. 20, 1870, Boston was "shocked" slightly; and it is a singular fact, that the newspapers made no mention of the above visitation of 1817, although recapitulating far into the last century.] Pres. Mionroe visited Boston in July, and was welcomed at the Boston line by the Hon. Harrison Gray Otis. The President was escorted to the Exchange Coffee House by the Boston Hussars and the Dragoons, the cavalry escort under command of Major Phelps, and Col. Thos. H. Perkins, leader of the cavalcade. The President was on an elegant dun courser, and accompanied by Gen. Swift and Mr. Mason. The Handel and Haydn Society gave a select oratorio, at Chauncy-place Church, in honor of his visit. 1818. - The higher prices for stocks and securities ruled in the earlier months; the close of the year being affected by the monetary embarrassment, which extended into 1819. London bills in January and February, 102 to 1023; March, 101 to 101k; April and May, 100 to 101; June, July, and August, 99- to 100; September and October, 100 to 100a; November, 100; December, 98 to 98k. New York, Philadel Notes on the Boston Stock Market. 15 phia, and Baltimore, par to 1 discount. Flour, $9j to 11; barley,.87k to 1.25; Southern corn,.80 to 105: Northern corn,.90 to 1.16; rye,.82 to 1.20; oats,.40 to.624. Hay,'$20 to 25 per ton. On account of the approaching redemption of half of the Louisiana stock (74 millions dollars), and the Treasury having called upon the United-States Bank, and the latter upon its various offices, for their share, the Richmond office deemed it advisable to curtail its paper nearly 25 per cent in sixteen weeks. The United-States Bank reported as rapidly cutting down its accommodation paper, and doing little or no new paper: by which means it brought the State banks into debt; and the latter, in selfdefence, had to pursue the same system to a certain extent. The Exchange Cofee-HIouse was destroyed by fire the evening of Nov. 3. It was commenced in April, 1806, and finished, or nearly so, in 1809-10, and cost, including the furniture, upwards of half a million of dollars. It was seven stories high, contained two hundred apartments, exclusive of spacious cellars, and covered nearly an acre of ground. The eastern side, on Congress Street, was a hundred and three feet; the base of granite, and basement-story of white marble; the north front, ninetyfour feet. The dome, ninety-five feet from 'Change Floor, was a hundred feet in circumference, and covered with tin plates, after the practice at Montreal; and tinners were obtained from that city. 'Change Floor was an oblong of sixty-one feet six, by thirty-nine feet six, on the east side of which were five galleries, ornamented with elegant pillars and side-railings. The first gallery was supported by twenty pillars of Doric order; second and third by same number of Ionic; fourth do. do, Corinthian, all having appropriate entablatures and cornices; fifth gallery by Corinthian plinths and a balustrade, completing the order of architecture: from this sprang the dome. The ball-room was seventy-four feet long, by thirty broad, and seventeen high; on one side was the orchestra, supported by four pillars and as many pilasters of the Ionic order, with appropriate entablature and cornice. The ceiling of the ball-room was lighted by five superb chandeliers, which, with the girandoles and branches of the mirrors, were reflected by mirrored windows. Eleven printing-offices were burnt out or disabled in the conflagration; among which, the " Patriot," " Daily Advertiser," "Recorder," "Intelligencer," "Centinel," "Gazette," and "Magazine," which were contiguous thereto. Among the Exchange brokers, Stephen Brown, and Gilbert & Dean. The records and regalia of the Grand Lodge, which had their hall here, were saved. The boarders suffered great loss. Mr. Clay was an inmate at the time. The fire broke out about half past seven, P.M.; and there was but $10,000 insurance on the Coffee-House, at the Phcenix office, London. 1S19. - A year of serious financial embarrassment all over the commercial world. United-States-Bank stock fell to 90 in June, and the decline in Government and other securities was very marked. United-States 3 per cents rose, under the impression that they must be redeemed in three or four years; but the, public were cautioned against such a construction of the laws relating thereto. The steamship " Savannah" arrived at that city in December, in fifty days from St. Petersburg, via Copenhagen and Norway, and thirty-three days from the offings. London bills in January and February, 98 to 98k; March, April, and May, 99 to 100; thence to October, 99 to 101; October, 1024; November, 1014; December, 102. Domestic exchange as before. Flour, $6, to 9k; barley, per bushel,.67 to 1.20; Southern corn,.65 to.95; Northern,.73 to 1.06; rye,.75 to 1.12; oats,.45 to.60; hay, $17 to 25 per ton. Saturday evening, July 3, the New-York Savings Bank, Chambers Street, was opened. Feb. 17, an execution of pirates took place on Boston Neck. At this time, the public execution of criminals was attended with all the show and parade of a Fourth 16 Notes on the Boston Stock Market. of-July procession. The following was the card issued on the above occasion, and published in the daily papers. " ORDER OF PROCESSION. - Officer of Police, mounted; Deputy Marshal, mounted; Messrs. B — and B —, mounted; Surgeon and Superintendent of Police, in a carriage; Coroner, mounted; Marshal and Sheriff, in a carriage; two Constables, with badges. PRISONERS. Deputy Marshal and Catholic clergy; two Constables, with badges; Cart, with coffins; two Aids, mounted. The procession will move from the jail precisely at a quarter past eleven, and proceed down State, through India, Custom-House, and Milk Streets, thence to Main Street (Washington Street), and thence to the place of execution, which will take place precisely at one o'clock." Unfortunately, the day was extremely cold, to the discomfort both of prisoners and attendants, as well as outside spectators of the show. 1820. -The movement in prices of stocks was upwards, following the dismal state of affairs in which the country was said to be at the opening of the year, consequent upon the distress and panic of 1819. The depreciation of property may be inferred from the valuation of real and personal estates in the several counties of New-York State. In 1817, valuation, $315,370,838; in 1818, $314,913,695; in 1819, $281,862,793. Albany County, in 1817, was valued at $14,113,004; in 1819, $7,633,881. NewYork County alone showed some increase. London bills, January to June, 100 to 102; June, 99 to 994; July, 100 to 1001; August, 1014 to 1014; September, 1014 to 102; October and November, 102 to 1024; December, 1031. New York, Philadelphia, and Baltimore, par to, discount. Flour, $43 to 64. Howard-street fine, Alexandria, Richmond, and Fredericksburg, were down to $4.3 7. Flour was said to be lower in New York than at any time since the American Revolution. Barley quoted as low as.50 per bushel; Southern corn,.45; Northern, 54; rye,.50; oats,.30; hay, $10 per ton. Rates of postage in 1820, single letter, not over thirty miles, 6 cents; thirty to eighty miles, 10 cents; eighty to a hundred and fifty, 124 cents; a hundred and fifty to four hundred, 183 cents; over four hundred, 25 cents; double letters, double price; triple do., triple price. We may here remark, that so worthless was most of the Western-bank paper in 1819, that a St. Louis farmer offered to exchange Nashville bills at 50 per cent discount for pumpkins. 1821. - The movement in prices of securities still upward. The United-States Bank passed the January dividend, and paid only 14 per cent in July; but having appropriated a large sum to offset losses, payment of bonuses, &c., it was in a better condition, and the stock advanced in price. July 3, the Mildam Avenue was opened with great ceremony. London bills in January, 1034 to 103; February, 104 to 1044; March, 105; April, 1064 to 1061; May and June, 108 to 1083; July, August, September, 1084: October and November, 1094 to 1091; December, 1101 to 111, advanced to 113, and closed at 111 to 111.. On New York, par to i discount; Philadelphia, 4 to 4; Baltimore, i to 1 discount. Flour, $4.20 to 8.00; Richmond fine flour was down tp $3.87; barley to.50 per bushel; Southern Indian corn,.34; Northern,.42; rye,.42; oats,.28. The failure of the English harvest carried grain up in the Fall, and speculation became very active. Flour was held at $84 in New York, but prices gave way. Severe Cold Weather.- January of 1821 was noted for excessive cold. At sunrise, the 24th, the thermometer stood at 5 below zero; one, P.M., at zero; nine, P.M., at 10 below; and at ten, P.M., 14 below. The 25th, at seven, A.M., 164 below; at ten, A.M., 6 below. The cold was so extreme that horses and sleds went down the harbor to vessels; ice eighteen inches thick. The port ofNew York closed for the first time since 1780. The North River was thronged with skaters, loaded sleighs, and the like. Persons came up from Staten Island on the ice; and among Notes on the Boston Stock Market. 17 those who crossed over to Jersey City were some venerable citizens who had crossed in 1780. Massachusetts State Notes, 5 per cents, were redeemed this year. These notes were issued several years prior to 1799. [Jan. 1, 1 796, the State debt was $1,984,695, less $200,000 purchased by the commissioners. The State, however, owned $1,534,904 United-States 6 and 3 per cent stock. In 1812, the State owned $1,000,000 of bank-stock, $700,000 United-States stock. The bank-stock was sold to defray the expenses of Gov. Strong's military campaigns. In 1815, Massachusetts issued 6 per cent notes, which were redeemed in 1818. The State had no debt, we believe, from 1821 to 1837, when the system of " State-aid " to railroads commenced.] July 14, a large fire on Union Street, Salt Lane, and Creek Square. Jan. 30, seven persons perished in a fire in Broad Street, and a woman fractured her skull by leaping from the fourth story, and died. A boy fourteen years of age saved his lifb by courageously descending the spout. Aug. 13, Major Bray was robbed on Medford. Turnpike; and the robber (Michael Martin) was hung in December. The largest solar eclipse since 1811 occurred this year, two-thirds of the sun's disk being obscured. $450,000 South Carolina 6 per cent stock sold at 71 to 84 premium, payable in twenty years, interest quarterly. The bank capital of New York, $13,120,550; Baltimore, do., $8,300,000; Boston, $6,550,000. Insurance capital, New York, $9,250;000; Baltimore, $1,900,000; Boston, $2,400,000; exclusive of United-States Bank branches and private insurance offices. 1822. - Prices of stocks declined this year, consequent upon a tightening up of the money-market. London bills in January and February 112 to,1124;. March, April, May, 112- to 1131, June, 1094 to 110; July, 1074 to 108.; August, 110-4; September, 111 to 111; October, 1111 to 112; November and December, 11.2 to 112,. On New York, par to 1 discount; Philadelphia, 1; Baltimore, i to 1. discount. Flour remarkably steady, at $7 to 75- per barrel; barley,.55 to.60 per bushel; Southern corn,.65 to.82; Northern,.68 to.92; rye,.73 to.85; oats,.33 to.45. Boston a City. - The town of Boston became a city this year. The charter was granted Feb. 13. The balloting for a city government (shall there be one?), yeas, 2,805; nays, 2,006; and subsequently, on accepting the charter, 2,727 yeas, to 2,087 nays; the opposition being very strong. Some of the tickets, " Shall there be a city government? " were embellished with the likeness of a mare (mayor) on its back, the four legs tied, and pointing upwards, with, an emphatic No above, -only the said mare strikingly resembled a donkey. The first city 'debt was created this year by the negotiation of a loan of $71,185, at 5 per cent, and $10,000, at 5- per cent, being part of $100,000, which it was proposed to extinguish, by the payment of $10,000 per, annum. The solid men of Boston, who paid above $1,000 tax in 1821 were, Winm. Gray, $2,251.22; Wm. Phillips, $1,807.54; Samuel Parkman, $1,579.23; Gardner Greene, $1,424.39; Peter C. Brooks, $1,4'14.12; David Sears, $1,407; J. & T. H. Perkins & Sons, $1,358.96; Israel Thorndike, $1,273.50; Benj. Wiggin, $1,107.60. Also three hundred persons and firms paid from $100 to $1,000; fifty-two from $90 to 100; sixty, from $80 to 90; eighty-eight, from $70 to 80; a hundred and seventeen, from $60 to 70; a hundred and twelve, from $50 to 60; two hundred and twenty-seven, from $40 to 50; three hundred and fifty-two, from $30 to 40; four hundred and twenty-four, from $20 to 30; one thousand two hundred and eighty, from $10 to 20; one thousand one hundred and seventy-one, from $5 to 10. We notice in December a license granted by the city council to Rev. Edward Everett to deliver lectures upon Antiquities, at Pantheon Hall. 1823.- Stocks declined, but prices rallied in most cases towards the close of the 2 18 Notes on the Boston Stock Market. year. London bills in January, 112; February and March, 111; April, 105 to 106; May, 104k to 105; June and July, 105 to 105j; August, 107; September and October, 106k to 107; November and December, 1074 to 1073. Flour, $7 to 8; barley, per bushel,.60 to.70; Northern corn,.55 to.75; Southern corn,.46 to.70; rye,.55 to.85; oats,.35 to.45. United-States Bank dividend, January and July, 21 per cent. Oct. 4, Stephen Brown sold at auction $25,000, of the $50,000 5 per cent, Boston City Stock, advertised to be sold, and re-imbursable in one to ten years. The amount sold brought par in lots of $500 to 5,000, being the first public sale that we notice of Boston City Stock. Exchange on New York, par to a discount; Philadelphia, A; and Baltimore, 1 per cent discount. 1824. - There was a considerable advance in bank-stocks from January onwards; but prices in most cases fell off at the close of the year. In November, the Government issued proposals for a $5,000,000 4. per cent loan, interest payable quarterly, and principal after December, 1831; taken by the United-States Bank at par; and the proceeds were applied to the payment of the 6 per cent stock of 1812, by which operation a saving of $75,000 per annum was effected. London bills in January and February, 107k; March, April, and May, 1083 to 109; June, 110- to 110,; July, 109 to 1091; August, 1083; September, 109; October, 110; November, 110k; December, 1094. On New York, par to 4 discount; Philadelphia, 4 to +f; Baltimore, I to 1 per cent. Flour, $5J to 7.00; barley, per bushel,.50 to.63; Northern corn,.45 to.60; Southern corn,.38 to.50; rye,.51 to.63; oats,.30 to.40. United-States Bank semiannual dividends, 2k per cent. We notice sales of Liverpool Wharf Company, at $825 to 850 per share. A destructive fire broke out, July 7, about one, P.M., in a carpenter's shop, between Chestnut and Beacon Streets, near their union with Charles Street. The wind blew very freshly from the west, and at one time it looked as though Beacon Street entire would be swept by the flames. Fifteen or sixteen valuable dwellings were destroyed, with a host of out-buildings, besides damage to other dwellings. The destruction of,costly furniture by fire, water, and breakage, was very great. Real-Estate Sales. - Sept. 29, twenty-six store-lots, on the north side of the contemplated new Market House (Quincy Market), were sold at auction at $7 to 19 per foot, and lots one and two at private sale, at above $20 a foot. March 29, the next year, twenty-two lots, on the south side of Quincy Market, were sold at prices ranging from $10 to 21 per foot, averaging about $12 per foot. Rapid Trarelling. -It was recorded as a great feat, that a journey of three hundred and twenty miles in New England was accomplished this year in seventy hours. 1825. - Prices of Government and bank stocks steady. There was quite a rise in United-States Bank stock, owing to the improved condition of the Bank, larger dividends, and a good prospect of still better returns. London bills in January, February, and March, 9k to 94; April, 91 to 10; May, 9 to 94; June and July, 5} to 6; August, 5 to 54; September, 7 to 74; October, 10; November, 9] to 10; December, 94 to 91. Flour, $51 to 6k; barley, per bushel,.50 to.55; Northern corn,.48 to.80; Southern corn,.40 to.70; rye,.52 to.68; oats,.38 to.48. All of these grains suddenly started up in September to highest quotations. Exchange in New York, par to k discount; 'Philadelphia, k to 1; Baltimore, do. We notice a sale of Boylston Market Company, 108 per share. Jan. 1, Congress gave a dinner to Gen. Lafayette. On the right of the President of the Senate sat the venerable Chief Magistrate (Pres. Monroe), and on the left of the chair the nation's guest. The.17th of June was a memorable day, when Gen. 'Lafayette laid the corner-stone of Bunker-hill Monument, in presence of an immense throng, Daniel Webster beingtthe orator of the occasion. .Notes on the Boston Stock Market. 19 The weather of the winter of 1824-1825 was remarkable for its mildness; the aggregate mean temperature at sunrise, two, P.M., and ten, P.M., being for November, 39; December, 33; January and February, 27; and March, 37 degrees. The summer of 1825 was noted for intense heat, both in France and England, as well as at home! June 7 to 11, inclusive, the thermometer rose to 90, 92, 90, 94, and 92, on the respective days. The 10th, 12th, 20th, and 24th of July were heaters. At Gloucester, the 21st, the mercury in the shade, north side of the house, with no building near to reflect the sun's rays, rose to 104. At Salem, the 20th and 21st, 97 to 102. At Boston, 96 to 100, and stood at 88, all night of the 20th, said to be the hottest night on record. A very destructive fire broke out on the evening of April 7, in a wooden building on Doane Street, which consumed seven buildings on Doane Street, three or four on Lobster or Bray's Alley, four stores on State Street, three on Broad Street, ten on Kilby Street, seven on Liberty Square, five on Liberty Street, and sixteen stores on Central Street. The insurance variously estimated at $500,000 to 1,000,000, and there was no price for insurance stock for some time after. In November, a traveller made the trip from New Orleans to New York in twenty-five days, for $92 only! chronicled as a feat of speed and cheapness. In 1860, the trip was made in three and half days, for less than $50, regular time and fare. 1S26. - Considerable excitement in New York in the summer, in consequence of the sudden collapse of sundry incorporated bubbles. In the Boston market, the most serious decline was in Insurance stocks. We notice sales of Amoskeag Locks and Canals at $61,; Middlesex Canal at $250 to 265; Boston and Canton Manufacturing Co., $665 to 750; Nashua, do., $850; Dover, do., $855 to 897 (par $1000); IndianHead, do., $745 (par $1000); Liverpool-Wharf Co., $765 to 790; Boylston-Market Co., 12 to 12. per cent advance. London bills in January, 7J to 8; February, 9f; March, 84 to 8f; April, 7 to 71; May and June, 8J to 9; July, 93 to 10; August, 9~; September and October, 10J to 11i; November, 103; December, 11 to 114. On New York, i to j discount, and subsequently par to 1 advance; Philadelphia and Baltimore, i to 1 per cent discount. Flour, $41 to 61; Northern corn, per bushel,.68 to.88; Southern,.65 to.82; rye,.65 to.95; oats,.46 to.62. The advance was in December for all grains. Barley, when quoted, $1.00 to 1.10. United-States Bank dividends, 23 in January, and 3 per cent in July. The Suffolk-Bank system, recently inaugurated, caused some excitement about its working. Aggiieved parties called the Suffolk Bank (associated with four other Banks, the Eagle, Globe, Manufacturers & Mechanics' (now Tremont), and State) the "fivetailed Bashaw," and the association was called the " Holy Alliance." After continued and persistent opposition, the system of a par redemption for all New-England bills became a success, and the Suffolk Bank assumed its exclusive management, which proved very profitable before the National Banking Law came into force, in 1863. Expeditious. - "The Patriot" recorded as extraordinary the receipt of New-York papers in twenty-four hours after leaving that city. A newspaper chronicled the fourth marriage of a Lynn gentleman, in the same coat, and added," 'tis a pretty good coat yet." Railroads. - As far back as 1826, a movement was made which eventually resulted in establishing the line of railroad from Boston to the Hudson River. A committee reported favorably to the Legislature, Jan. 19, 1827; but they found great public apathy on the subject. " Their report was made the butt of wit and ridicule during the whole session. The idea of a railroad across the hills in Worcester and Berkshire was too extravagant to 20 Notes on the Boston Stock Market. deserve any thing but to be laughed at. And time and again, (luring the session, the member from Lanesborough, and one of the members from Pittsfield, amused themselves during debates in the House by gravely inquiring of the member from Leicester, among other things, if he had had any despatches from the moon by the way of his 'railroad yet." At this early day in the history of railroads, steam-power was hardly contemplated; and the committee reported the ordinary measure of horse-power at " eight to ten tons *for one horse, and that this was preferable to locomotive-power by steam." At a more recent date, when the "' Hoosac-Tunnel" project was first agitated, a well-known railroad-man, who advocated it with great persistency, was the subject of much ridicule; and even boys in the street would cry out, "Mister, how's your tunnel?" 1827. - Prices of money-stocks were tolerably even this year, compared with 1826. We notice sales of Amoskeag Locks and Canals, 61 to 71; Middlesex Canal at $250 to 265; Waltham Manufacturing Co., 90 per cent; Ware do., $400 to 570 (par $1000); Dover, $8521 to 870; Merrimack, 51 per cent advance; Hamilton, 5. per cent advance; Nashua, $810. Three-fourths of a learned dog, exhibiting at New York, brought $1,000. Lowell and its Factories. -" The Lowell Journal," in April, gave the following Factory statistics: "There are three incorporated companies for manufacturing in this place; viz., Locks and Canals on Merrimack River, and the Merrimack and Hamilton Companies. Capital of Locks and Canals, $600,000, and owning all the water-power undisposed of; also the machine-shops, where all the machinery used in the factories is made. The Merrimack Co., incorporated with a capital of $1,200,000, has four factories in operation, containing sixteen thousand spindles, and above five hundred looms, and employs eight hundred and fifty hands. The Hamilton, capital $800,000 (incorporated for manufacturing a variety of twilled and striped-cotton goods, dimities, &c.), has one factory, with about four thousand spindles and a hundred and forty-four looms, put in operation during the past year, and another building now nearly completed, employs two hundred and thirty hands, exclusive of those engaged in building. On Concord River is also a private factory (Iurd's), manufacturing some four hundred yards of satinet, and a hundred of cassimere, daily, and employing some hundred hands. Tileston, Whipple, & Hale's powder-mills, on Concord River, erected some six years since, are now making one thousand four hundred quarter-casks yearly, or thirty-five thousand pounds. The population of Lowell probably now exceeds three thousand." [We may add, that, in 1870, the ten leading mills in Lowell had an aggregate capital of $13,650,000, running twelve thousand eight hundred and fiftynine looms, five hundred and fifteen thousand and sixty-six spindles, and employing fifteen thousand one hundred and forty hands, manufacturing each week two million three hundred and thirty thousand yards of cotton cloth, twenty-one thousand six hundred and sixty-seven woollen, and thirty-five thousand yards of carpeting. Consumption of cotton per week, six hundred and thirty-two thousand pounds, or some fifty thousand bales per annum; and this, too, in a season of great depression for manufacturing. Population by census of 1870s forty thousand nine hundred and thirty-seven.] Insurance Companies. - A proposition to tax them elicited the statement, that for 1822 to 1827, inclusive, the capital invested; had yielded an average income of only 4 -per cent. During this period of six years, twenty-one companies had existed in Boston, with an aggregate capital of $5,925,000 paid in and invested. Four of these, in 1826-27, had closed business and divided capital, or what remained to divide. The twenty-one companies had lost, within these six years, nearly a half million of dollars Notes on the Boston Stock Market. 21 above the premiums received, and that by their ordinary business. Since 1823, eleven companies had been formed in Boston, of which two had paid above 6 per cent, and the others nothing. The capital of the seventeen companies existing'January, 1828, amounted to $4,925,000. Cold Weather. - The last of December, 1826, and January, 1827, were marked by intense cold throughout the country. Cape Fear and Roanoke Rivers were frozen over for the first time since 1783. Boston Harbor was closed to the Forts, persons walking and skating in various directions. London bills in January, 11. to 114; February, 10J to 104; March, 9,; April and May, 94 to 104; June, 11 to 114; July, August, September, 104 to 10k; October and November, 11 to 11; December, 11 to 114. On New York, par to 4 discount; Philadelphia, 4 to J; Baltimore, i to 4 discount. Flour, $54 to 7, and Genesee choice as low as $4~; Northern corn,.55 to.78; Southern,.50 to.75; rye..60 to.95; barley,.60 tQ 1.10; oats,.29 to.60. UnitedStates Bank dividends, 3 per cent, January and July. 1828. - There was a monetary pressure in the Spring, in connection with a considerable specie exportation. In England, the government order to call in the Bank-of-England notes under five pounds, before April 5, 1829, caused a curtailment of bank accommodations. The higher prices for all securities and money-stocks were it January, the lower quotations being in the Fall of the year. We notice sales of Chicopee (late Springfield Manufacturing Co.) at 6. advance; Great Falls, $860; Nashua, $800; Dover, $860 to 890; Monson and Brimfield Cotton Co., $175 to 180 (for $300); Ware Manufacturing Co., $470; Rowe's Wharf Corporation, $700; 'Three Rivers Manufacturing Co., $20 (original cost, $450). The papers chronicled, as an event, an arrival from New York, via Providence, by steamboat and stage, in twenty-one hours. London bills in January, 11 to 114; February, 104; March, 11; April and May, 10 to 104; June and July, 11 to 114; August and September, 10 to 101; October and November, 104 to 11; December, 9 to 94. On New York and Philadelphia, par to I discount; Baltimore, 4 to i discount. United-States Bank dividends, 3 per cent, semi-annual. Flour, $54 to 94, advancing at the close of the year; Northern corn, 50 to 70 cents per bushel; Southern,.40 to.62; barley,.62 to.75; rye,.47 to.80; oats,.28 to.40. A sale of city lots on Merchants' Row, and Ann Street, in April, brought $2 to 4.65 per foot. Some eight or ten lots on South-bridge Street, sold at 40 to 55 cents per foot; and a lot on Common Street (three thousand seven hundred and eighty feet), including buildings, at 974 cents a foot. A Profitable Investment. - The Patapsco Insurance Co., of Baltimore, had paid, for ten years in succession, dividends of 52 per cent, prior to closing up. Railroads an Absurdity.- To show the views entertained of railroads, in prospect, fobrty odd years ago, which have since enriched New England beyond the wildest predictions of the most sanguine, the following extract, from an editorial article in "The Boston Courier " of June, 1827, will be read with interest: - "Alcibiades, or some other great man of antiquity, it is said, cut off his dog's tail, that quidnuncs might not become extinct from want of excitement. Some such motive, we doubt not, moved one or two of our natural and experimental philosophers to get up the project of a railroad from Boston to Albany; a project which every one knows, who knows the simplest rule in arithmetic, to be impracticable, but at an expense little less than the market value of the whole territory of Massachusetts, and which, if practised, every person of common sense knows would be as useless as a railroad from Boston to the moon." In 1833, a man in Connecticut thanked God that he lived "in a hilly country, 22 - Notes on the Boston Stock Market. where it was impossible to build railroads." Now, the cars of the "Air-Line" railroad run directly through his yard, within four feet of the house. The following rich item (in the light of the present day) was originally printed in "The English Quarterly Review," in March, 1825:"We are not advocates for visionary projects that interfere with useful establishments. We scout the idea of a railroad as impracticable.... What can be more palpably absurd and ridiculous than the prospects held out, of locomotives travelling twice as fast as stage-coaches? We should as soon expect the people of Woolwich to suffer themselves to be fired off upon one of Congreve's ricochet rockets, as to put themselves at the mercy of such a machine, going at such a rate." 1829. - The year opened extremely cold, with thermometer below zero. At Camden, S.C., the ponds were frozen over, and a blacksmith drove a good business L making skates. The tendency of prices downwards in the share-market. We note sales of Nashua Manufacturing Company, at $355 to 380 (par $1,000); Boston (Waltham), 82 to 901 per cent; Hamilton, $800 to 950; Merrimack, 89} to 90 per cent; Great Falls, $570 to 660; Dover $250 (subject to assessment of $500); Salisbury, $1,000 (for $1,600 paid); Thames (Norwich), $255 to 260 (par $300); Cocheco, $600, (par $1,000), Strafford, 96 to 971 per cent.; Ware, 70 per cent; Indian Hea(, 105; Amoskeag Locks and Canals, 7 to 7A; Locks and Canals, 15 per cent advance; Liverpool Packet Ship Company, $245 to 270 (par $500); Liberty Square Warehouse Association, $155 (par $300); India Wharf Company, $365; Fifty Associates Stock, $850 (par $1,000); Boston Marine Railway, $310 to 340 (par $475); Middlesex Canal, $234 to 241. By a recent fire, the Merrimack Company lost some $125,000, or about 10 per cent of capital stock. A Locomotive race came off in England, at which the novelty engine won at twentyeight miles per hour, described as an amazing velocity I Twenty years later, a trial of locomotive speed came off near Lowell, when sixty miles was attained. Expressing in 1829. - The President's message was conveyed to Richmond, one hundred and forty miles, in twelve hours. London bills in January, 91; February, 8 to 84; March and April, 81 to 83; May, 93; June, 9; July, August, and September, 8 to 8k; October and November, 9; December, 91 to 93. On New York, Philadelphia, and Baltimore, par to I advance, and declined to 4 to i discount. UnitedStates Bank dividend, January and July, 31 per cent, Flour, $51, to 9|, declining from January; Northern yellow corn,.54. to.68 per bushel; Southern,.46 to.58; barley,.62 to. 65; rye,.60 to.83; oats,.30 to.45. A Gas-lamp was placed, in 1829, at the corner of Dock Square and Exchange Street, which showed the superiority of this light, and rendered the dimness of the adjoining oil-lamps very obvious. 1 0. - Earl/y Railroads. Money reported as abundant, and likely to continue so. Subscription-books to Boston and Lowell Railroad were opened June 14; and three hundred and seventy shares, of $500 each, were taken, the whole number being then 1,000 shares. May 24, thirteen and a half miles of the Baltimore and Ohio Railroad were opened to Ellicott's Mills. The venerable Charles Carroll of Carrollton was among the guests at the experimental trip, May, 22, when the thirteen and a half miles were run over, in the short space (as the papers then stated), of one hour and four minutes. The stock of the Camden and Amboy Railroad (not yet commenced) sold at 19, for $5 paid. The starting of the Lowell Railroad caused a heavy decline in the Middlesex Canal Stock. The Canal was incorporated in 1793, and opened in 1804. -The divideads from 1819 to 1829 averaged $12j per share, and ranged from Notes on the Boston Stock Market. 23 $8 to 20. Gov. Sullivan and Loammi Baldwin were its projectors. In England, the canals were at high figures for investment before the railway became an institution, selling from 130 per cent to 1,850 per cent I Railroads in the United States.-The first railroad constructed in the United States was at Quincy, Mass., for the transportation of granite from the quarries, and opened in 1826. The first passenger railroad, the Baltimore and Ohio, opened with horse-power for thirteen and a half miles, in 1830. The Mohawk and Hudson was opened for the public travel in the summer of 1831, also with horse-power; and locomotives were first used in this country on that road the same year, and on the Baltimore and Ohio and South Carolina roads in 1832. The first locomotive used on the Mohawk and Hudson was English, weighing six tons; and, being too heavy for the superstructure, was replaced by one of American manufacture of three tons In 1830, but few miles of railroads existed; in 1850, nine thousand and twenty-one, and in 1870, over fifty thousand. Feb. 1.- Dr. Beecher's church, on Hanover Street, between Portland andFriend Streets, was burned down. The fire broke out at one, A.M. (Monday morning), the day previous having been extremely cold, with the thermometer at five below zero. The summer of 1830 was marked by great heat, the 22d of July being the sixth sucsessive hot day, thermometer 96 to 98. At Baltimore the 27th, it rose to 1041 at three, P.M., and stood at 98 at eleven, P.M. In April, the Boston Bank gave notice that one-third of the capital stock ($25 per share) would be paid to stockholders, thus making the par $50, in place of $75, per share. Banking was poor business; the average dividend for October being only 1-1 per cent. The Middlesex Mills (late Hurd's Factories) announced to be forthwith started. We notice sales of Chicopee Manufacturing Company, at $930; Cocheco, $479 to 660; Great Falls, $690; Nashua, $465 to 563.; Indian Head, $203; Waltham, $691; Merrimack, $1,000 to 1,005; Strafford, $520.; New-Ipswich Water-Loom, $500 (par $1,300); Locks and Canals, 92 per cent to 121 advance; $6,000 long notes of Dover Manufacturing Company, 50 per cent discount; Norfolk House, $40 to 56 (par $100); Middlesex Canal, $148 to 190; Boston Marine Railway, $395 (par 475); Boylston Market Association, 25i to 311 advance. Boston Two Hundred Years Old. - Sept. 17, 1830, the two hundredth anniversary of the settlement of Boston, was celebrated with great parade. The services at the Old South Church included an oration by Hon. Josiah Quincy, an ode by Rev. John Pierpont, and a poem by Chas. Sprague, Esq. After the services, the City Fathers and guests partook pf a dinner at Fanueil Hall, and a grand display of fireworks in the evening closed the festivities. It was stated that certain articles had been incased and sealed up, to remain undisturbed till the next Centennial Anniversary, 1930, on which day it is to be opened, so that some of our juvenile friends will doubtless be gratified with a peep at its contents. At the church, the creaking of a gallery caused a fright, and some persons jumped from the window into the street. A member of " The Sea Fencibles " was pushed out by the rush, but escaped fatal injury. Two hundred years ago that day, there was but one house, or hut, in Boston, occupied by Wm. Blackstone, and situated on Mount Vernon. Blackstone's lot included Beacon and Chestnut Streets, and their appendages, extending up the brow of the hill, and down to Charles Street. When Mr. Blackstone got old, he used to ride on a bull trained for that purpose. In those days, if a man entered a public house, he was followed by a magistrate; and, if disposed to drink freely, the officer apportioned out the quantity he could safely carry away I London bills in January, 9 to 9.; February, March, and April, 8 to 8-; May and June, 74 to 7]; July, 6j to 6j; August to October, 6 to 61; 24 Notes on the Boston Stock Market. November, 7 to 74; December, 62. On New York, par to ~ discount; Philadelphia, 4; Baltimore, 4 discount. United-States Bank dividends, January and July, 34 per cent. Flour, $41 to 6, and remarkably steady for months at $51 to 5V; at Alexandria, flour was offered at stores for $4.12, and no buyers; Northern yellow corn,.51 to.68; Southern,.44 to.62; barley,.58 to.65; rye,.63 to.80; oats,.34 to.40. 1831. -Money Easy; Stocks Rising. Money was offered in January at 5 per cent, on terms satisfactory to the borrower, and tendency of the stock-market upwards till after the Spring months. Insurance stocks were quite elastic. We note sales of Appleton Manufacturing Company, at $1,130; Boston (Waltham), $720 to 750 (par $1,000), Chicopee, 10 per cent advance; Cocheco, $800 to 960; Great Falls $815 to 951; Iamilton, $1,080 to 1,290; Lawrence, 933 to 101 per cent; Suffolk, 191 to 22 per cent advance; Tremont, 5 to 71 per cent advance (on $300 paid); Merrimack, $1,065 to 1,240; Nashua, $600 to 840 (par $1,000); Dedham, $690 (par $1,000); Hampshire, $225 to 420 (par $500), Exeter, par; Locks and Canals, 184 per cent advance; Boston Lead Company, par; Boston Marine Railway, $385; Plymouth Cordage Company, 74 to 15 per cent advance; Liverpool Packet Ship, $310. There was a large advance in Manufacturing stocks, comparing prices with those of a year or so before. The Massachusetts Fire and Marine Insurance Company advertised to pay back 25 per cent of its capital stock. Twenty-four thousand feet of land on Washington Street (Boston Neck) were sold at 10- to 12 cents, per foot. Railroad Estimates. - For the Boston and Worcester Railroad, about to be commenced, as follows: Cost of road, including outfit (cars, engines, and depots), highest estimate, $1,000,000; business, thirty thousand tons of freight, and fifty-four thousand passengers. Income, $142,500; less for repairs, fuel, service, depreciation, &c. $34,148; net income, $108,352. Passengers to be carried through in three hours against six by stage, for $1,25, against stage-fare of $2. Freight per ton, $24, against $7, the teaming price. The estimate of the Commissioners of the Boston and Providence Railroad in 1828 was $7,988 for cost of road per mile. Passenger traffic equivalent to fifty thousand over whole length of road, at $1 each. Freight, eight thousand four hundred and fifty tons through the route; four thousand six hundred and twenty-five tons, at an average price of $4.75; and three thousand eight hundred and twenty-five tons, at $3.15 per ton; yielding gross receipts of $84,000. Deduct therefrom $6,750 for expense of horses, carriages, and drivers for conveying passengers; $3,506 for expenses of heavy transportation; 10 per cent to cover any error; and $4,000 per annum for repairs and superintendence, making nearly $15,400, and leaving a net income of a little under $60,000. The Commissioners' report covered ninety-four pages. The estimate for the Lowell Road (Middle route) was $13,544 per mile of double track. [These figures, both of cost and business, are most insignificant compared with actual results at the present day.] Railroads in Early Days. - The following is a railroad report in the days of their primitive simplicity: - BOSTON & PROVIDENCE R. R., Dec. 1, 1835. For about six months' business:Whole receipts,.... $112,000 Expenses,..... 28,000 Net,........ $84,000 Dividend, 4 per cent,..... 50,000 Surplus,......... $34,000 How beautifully simple, compared with the voluminous reports, in pamphlet form, of modern days. Curious Notice.- In 1834, the Worcester Road gave notice that "Passengers Notes on the Boston Stock Market. 25 are not sent for by the Company, but seats are provided for all who apply at the ticketoffice." It had been customary for stages on the different routes to call for passengers, and the public expected the railroad company would send for them. Another. —"In consequence of the shortening of the days, the evening trip is discontinued." Another road gave notice, that, in consequence of an accident to the engines, there would be but one trip a day; and another, that, for a similar reason, the trips were discontinued for the present I The Season-Ticket System.- This feature of railroad business, now so universal, was originally entered Upon with great caution, as will be seen by the following from a report of the Worcester Railroad: - " The first annual ticket used between Boston and Worcester was purchased by Robert Earle, for $260; the first between Boston and Westboro' by George Denny, for $185; the first between Boston and Southboro' by Abner Parker, for $.20; the first between Boston and Fram'ngham by W. II. Knights, for $100; the first between Boston and Newton by A. J. Allen, for $50; the first between Boston and Brighton by A. Ballard for $40. The first was sold May 1, 1838. Two only were sold during that year; one in 1839, two in 1840, four in 1841, and four in 1842; each by special vote of the Directors. Early in 1843, a special train to West Newton was established; and on the 24th of April in that year, the Superintendent was authorized to sell seasontickets for the Newton train at the following rates: twelve months at $60; six months at $40; and three months at $27.50. The summer arrangement for the above train was as follows: Leave Newton at seven, and ten, A.M., an.d half-past five, P.M. Leave Boston at nine, A.M1., and quarter-past three, and half-past six, P.M." Great Snow-Storm. - The 13th and 14th January, severe cold. The 16th, a furious snow-storm rendered many streets, impassable for any vehicle. This occurring on Sunday, laid an embargo on church attendance. In a city church, there was but one parishioner, who had all the sermon to himself! Feb. 12, a great solar eclipse occurred, commencing at half past eleven, A.M., and ending at a quarter to three, P.M. The day was clear, and favorable for observing it. London bills in January, February, and March, 61, to 6G; April, 7; May to July, 83 to 91; August and September, 10J to 103; October, 111; November, 10; December, 93 to 104. On New York, par to 4 discount; Philadelphia, 4 to 1; Baltimore, J to - discount. Flour, $54 to 7,, and generally steady at $5J to 6; Northern yellow corn,.66 to.83 per bushel; Southern,.63 to.78; rye,.65 to.97; oats,.35 to.52; barley,.95 to 1.12 for new, and $1.05 to 1.20 for Southern. United-States Bank dividends, 3: per cent, January and July. 1832. - Washington's Centennial Birthday was specially observed, Feb. 22, and the programme of ceremonies was similar to that of a Fourth of July celebration. The State procession was escorted by the several companies of light infantry in Boston, seven in number, to the Old South Church, where an oration was pronounced by Hon. Francis C. Gray. After the ceremonies at the church, the State and City processions uniting, repaired to a sumptuous dinner at Fancuil Hall, presided at by Hon. Charles Wells, then Mayor of Boston. Of the companies that did escort-duty, but one was present that performed duty on the visit of Gen. Washington to Boston, in October, 1789, viz., the Independent Boston Fusiliers. This company was then commanded by Lieut. Lawton, and the escort by Major Otis, subsequently Mayor of Boston. June 12. - By * ipsetting of the pleasure-boat, "Bunker Hill," near Nahant, eight gentlemen, very favorably known in the community, were drowned. In June, the Asiatic cholera crossed the Atlantic, and appeared in Montreal and Quebec; thence it severely ravaged Albany, New York, and other cities and towns. Boston escaped with a light visitation. Fare from New York to Boston in 1832, $71 by telegraph line, and $8. by mail-stage. The time occupied by the mail was reduced to about two days, travelling day and night. 26 Notes on the Boston Stock Market. Prices declined towards the Summer. We notice the following sales: Boston Manufacturing Co. (Waltham), $670 to 726; Great Falls, $790 to 920; Hamilton, $950 to 995; Jackson, $800; Merrimack, $885 to 1,001; Eliot, $580 to 600; Chicopee, $1,000; Tremont, $320 (for $300 paid); Exeter, $650 (par) to 660; Lawrence, $25 for $50 paid to 95 per cent; Locks and Canals, $1,000; Fifty Associates stock, $900 to 915.; Marine Railway, $386 to 391; Canton Co. (Baltimore), $37. London bills, January to April, 10 to 10; May, 10, to 103; June, 104; July, 9; August, 7{; September, 8 to 8.; October and November, 84; December, 84. Banks and Governments. - The closing-up of Stephen Girard's bank, following the decease of its proprietor, in 1831, occasioned some pressure, which was aggravated by the expected veto of the renewal of the United-States Bank charter, which occurred in July. The United-States 3 per cent stock, amounting to $13,296,705, issued by act of Aug. 4, 1790, and being the last of the funded debt of the Revolution, was paid off this year. Cold Weather. - January of 1832 was marked for unusually mild weather, followed by severe and sudden cold. The thermometer fell from fifty-five above, on the 25th, to one below zero the 26th, and to five and a half the 27th, -the greatest change, as stated, since 1809; when it fell some fifty-seven degrees in about the same time. At Cambridge, the 26th, seventeen below; Jamaica Plains, eighteen; Mill-Dam Toll House, fourteen; and City Mills (Mill Dam), eighteen below. Flour, $54 to 7k; Northern yellow corn, per bushel,.60 to.92; Southern,.45 to.87; Northern rye,.75 to 1.00; barley,.60 to 1.12; Southern do.,.80 to 1.20; oats,.45 to.53. Exchange on New York, 4 discount to 4 advance; Philadelphia, I to - discount; Baltimore, i to - discount; UnitiEStates Bank dividends, January and July, 3j per cent. 1833. -- Business active, and the money-market presenting no marked feature. Prices of money-stocks generally well sustained, with a gain in some classes. We notice sales of Cocheco Manufacturing Co., $678 to 710; Hamilton, $1,010 to 1,035; Lawrence, $1,0121 to 1,015; Nashua, $560; Dedham, $210 (par $1,000); Marine Railway, $391; Boston Steam Factory, 86 per cent; Liverpool Packet Ship Co., $400. April 13, a sale of Boston 4 per cent stock, interest quarterly, and payable 1843, brought 934 to 964 per cent. London bills, January to June, 8 to 8~-; June, 84 to 9; July, 9; August and September, 81 to 8j; October and November, 7 to 7,; December, 5, closing at 4. On New York, par to - discount; Philadelphia, 4 to - discount; Baltimore, J to - discount. Flour, $53 to 61, and remarkably steady, at 54 to 6, for months; Northern yellow corn,.70 to.85 cents per bushel; Southern,.63 to.78; Northern rye,.78 to.98; Southern,.73 to.88; Northern barley,.60 to.70; Southern,.85; Northern oats,.35 to.55-; Southern,.32 to.50. United-States Bank dividends, 3t per cent, January and July. Sales of Real Estate. - In May, 1833, thirteen houses on Tremont Place, Nos. 1 to 13 inclusive, brought from $9,000 to 16,800 each; the house, corner of Tremont and School Streets, $13,450; adjoining house on Tremont Street, $12,050; store, corner of Washington Street and Wilson's Lane, near Dock Square, with one thousand eight hundred feet of land, $11,900. In June, the \mansion-house estate (Rogers's) on Beacon, Mt. Vernon, and Bowdoin Streets, eigtni thousand three hundred and ninety-six square feet, was sold in six lots, and brought from $2.90 to 4.15 per foot. 1834. -Removal of the Deposits. This was a year of panic, following a large contraction by the United-States Bank, on the decision of the President to remove the public, moneys from the keeping of the bank. This contraction was begun in the Notes on the Boston Stock Market.2 7 Fall. of 1833:; and in January, 1834, money was worth a per cent a month in New York. The; decline in stocks was so marked, that "1The Boston Advertiser " said, in January, "We omit our quotations of stocks, as, in the present state of the moneymarket, they would be merely nominal." April 9, a great meeting was convened at Faneuil Hall, to hear the report of the committee appointed to present a protest against the executive measures in removing the deposit of the -government moneys from the United-States Bank. Stocks generally advanced the last half of the year, as the money-market eased up. We note the following sales: Chicopee Manufacturing Co.,:$810 to 812; Hamnilton, $981 to 985;. Jackson, $890; Lawrence, $910 to 915 (for $900 paid in); Merrimack, $980 to 990; Suffolk, $1,015 to 1,070; Nashua,. $500 to 560 (par $1,000); Cabot, 81 to 84 per cent; Tremont, 7 per cent advance; Locks and -Canals, $1,050 to 1,165; Neponset, $230; Cocheco, $615 to 620 (par $ 700); Boston Steam Factory, 53 per cent; New-rEngland Glass Co., $430 (for $500); Winnisimmet Land and Ferry Co., $270 to 275 (for $300); Roxhury India Rubber Co., 180 to 200 per cent, and fell to.5 next year!I London bills in January, 34,; February, 99 to 100; March, 100 to 1004; April, 1 to 14; May, 14 to 4 3; June, 1f to 2;- July, 3; August, 41 to 5; September, 63 to 7j; October, 74 to 7j; November, 7; December, 64 to 64. On New York, 4 to4 discount; Philadelphia,. 4 to j; Baltimore, j to 1 discount. Flour, $4.80 to 5.8 7; Northern. yellow corn, 58i to 83 cents per bushel; Southern,.51 to.80; Northern rye,.60 to.85.; Southern,.75; barley.60 to.65; Southern,.60 to.70; Northiern oats,..38 to.48; Southern,.31 to.42. EXCHANGE ON LONDON. - The following01 statement shows the rate of exchange on Engrland, at New York (Banker's bills, sixty days), on or about the 1st of each month, from. Jan. 1, 1835, to January, 18.62, and, since that time, the monthly highest and lowest rates:a 430 P 4 0r4C 7~ f.~ or the _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ~~~~~~~~~~ ~ ~ O Z~~~ year. 1835 7 74 7s8 8-494 949 9 9.'~ 9~ 41 8491 9 84 8 618 4 9.94 9 1 0 1 0 1 0 9 1836 8-110 9 7~ 7 77171 7418,i 8s 9 1850!8k 9 8 5 91 1010110110 10~ 10 9 1 1837 71 91 811 1 18192111 5510j9410~ 10lo, 104,104 I0 I~ I0 104 101 9110 1838 91 9 74 4~ 63 8 84 97 94, 94 91 10 18-5210 10 10 9 9 10g. 104 104 3O0 105 9410 9 105 1839 94984i91 81 949k29 10 9 9185399 109 9494,919 9 4. 9 0910 1840 8 81874 8747 7 7 18484 8 31854 9 9 8 5999 9 94 59 9 810 14 848877 I8 8 81 9 19-310 91 1855 74 9 9~ 91010o 94 919 94858 0 18428484 84:65 74 8 71 64 74 4 61 64 1856 81 8 94 94 91 10 9' 94: 95 949 84 10 1843 5 51 65$71 9499 8,87884 44 9 919*99 7 94*99951 1844J 84 84 9 81 8 81 91 9.j9 910 10 10 185895 94 9f9 9 9~4 9 9.9130 94 94 7 10 1845-10 10 91 94 91 9:10 10 9. 93 94 84 1859 9495 94 943104 10 104 101 95 104l 10 94 9_4 104 1846'1 8t 8 84.10 1098 89 91 6 6-j 160 9454.994949 1094i 9 48 1 10 18471 5 r 47 61 6~ 7 9101 1861 31 6 51 84 5 r1l6 7174 779 31 1862. 1.863. 1864. 1865. Months. 1866. 1867. 1868. 1869. 1870. Low. High. Low. High. Low. High. Low. High. Low. High. Low. Hligh. Low. Iligh. Low. High. Low. High. till 11444t146 177 1166 1741 1084 1091 January 108 1094 108'5 1094 10911104 1095 109k 108k 1094 113 1154 168 190 17241764107 109 aFebruary 10711084 1041 109 109 110 1084 1 094 l8 109k 1111 1144 155 19 1418 1073 1094 March 106k 1085 108 10941 1~ 110 1071 1094 107k18 112 113 158 172' 1771 200 108, 1094 April 106k 108' 1083 109 109 1104 1074 109 1084 109 11241141 1564 170 175 205 1081L 1094' May. 1084 109 109k 110 10.1104 109 1041094 10I 114w 121 155 171 2021 267 108 110 June 1074 110 1090 110 11 Ito~ 19 109 109. 110 1244 129 1354 144 250 2831 1084 1095- August 1055 1084 10 110.108 1101 1094 110 109 109 129 135 1364 1584 200 275 1094110 September 1054 108k 10 110 108~1 0 109 l lo 10 log~ 1324 151 155 172.1 204 242' 1084 110 October 1084 109k 108k 1091 1084 1104 1074 109.4 1081 109k 1421 14734 157 1684 2254 282!. 107 1083 November 1081 1094 109 109-1 100 1094 1084 1094 1084 199 1421 1484 1631 167A 2261 260 2109 1091 December 1084 1098 1094 1101 109 1091 1085 10 1084 109 1ll 151 1351 191 166__300 107 110 Years 1051, 110 105 1104 1081 1104 106 1101 1075 110* *Good produce bills sold during the panic of October, 1857, at 90..~ t March 20, 1858, sales at 107. $. Exchange. Quotations in currency, 1862, 1863, 1884; all others, gold rat~es. 28 Notes on the Boston Stock Market. Snow in Mlay.- The night of the 14th, a snow-storm commenced near Albany, and continued all day of the 15th; covering the ground, in places between Albany and Saratoga, to the depth of six inches on a level. The cold was severe for the season throughout the States. At Pittsburg, the ground was frozen an inch and a half deep the-13th and 14th. 135. - A Golden Age for Money-Borrowers. Financially speaking, the year 1835 was a golden one. In January appeared the following and like 'advertisements, which speak for themselves:"Money may be had at 5 per cent per annum, on deposit of bank stock as security." " $15,000 to loan on bank stock at 5 per cent per annum." The City Treasurer advertised for a 5 per cent twenty-years' loan, and no bid to be accepted at less than 5 per cent advance. Bank stocks, consequently, cornmanded high prices, although their dividends were not up to the high-water mark of 1870. Towards the end of the year, there was a change, and by the Spring of 1836 money was worth a handsome premium. In the Fall, good notes were offered in New York at 3 per cent a month. Stocks sensibly declined, and the premonitory symptoms of the crash which came in 1837 were visible. UNITED-STATES BANKS. - The Constitution of the United States was adopted in 1789; and the government was soon after organized. On the 14th of December, 1790, Alexander Hamilton, the founder of our system of finance, reported to Congress the plan of a government bank. The bill passed in February, 1791; and Gen. Washington, after considerable consultation with his cabinet, approved it on the 25th of that month. Its capital was limited to $10,000,000, and the subscriptions were filled as soon as opened; the government taking five thousand shares, equal to $2,000,000, and the bank went into immediate operation. The stock - a large part of which was held abroad - soon rose considerably above par; and, during the twenty years' continuance of its charter, the average annual dividends amounted to 8~ per cent. Its charter expired March 4, 1811, and a renewal was refused. Congress then appointed trustees to close up its concerns, and 70 per cent of the capital was paid to stockholders, June, 1812; 18 per cent in October; 7 per cent, April, 1813; and 5 percent, April, 1815, - making in all the par value. Since then (up to 1834), 9 per cent more had been paid; but, although stockholders eventually received 109 per cent, such was the delay in the payments, that they actually received net less than par if it had been paid at the time the charter expired, taking into view the loss of interest. The Second United-Slates Bank. - From 1811 to 1816, the country was without any national bank. April 10, 1816, the Second United-States Bank was established, with a capital fixed at $35,000,0001 "It commenced operations Jan. 1, 1817, with $14,000,000 United-States stock, and $1,400,000 of coin. In 1815, the circulation of bank-notes was about $47,000,000; 1816, $70,000,000; 1818, $89,000,000. The contraction of the currency, caused by the revulsion of 1819, was so rapid and severe as to create general distress throughout the country. In 1820, the circulation had been reduced to $45,000,000, a contraction of one-half in two years. Bank capital in 1830, $145,192,268; circulation, $61,323,898. Banks failed or discontinued from 1811 to 1830, 193; capital, $30,000,000."- Hayward's Gazetteer. Nicholas Biddle's United-States Bank. - Previous to the expiration of the charter of the Second United-States Bank (1836), Congress had voted to renew it; but the bill was vetoed by President Jackson. The bank was re-chartered, however, by Pennsylvania, as a State institution, with its existing capital, $35,000,000; the new Notes on the Boston Stock larket. 29 bank paying a bonus to the State of $2,000,000. 1836, Feb 14, the stockholders of the bank voted to accept the new charter for thirty years, and transfer the interests of the old bank, chartered by Congress, to the new one, chartered by Pennsylvania. Nicholas Biddle, Esq., made a very flattering statement, to the effect, that after paying the bonus of $2,000,000, &c., there would be $2,000,000 left from-the reserved fund, besides the capital of the old bank. The services concluded with the tender of a splendid service of plate to Mr. Biddle. The new bank declared a dividend of 4 per cent in July, -the result of four months' business, with a large surplus left, as was stated. [This bank continued till 1841, when it failed; the stock becoming almost a total loss.] We give the following quotations of prices of the stock of this bank, as it was a sort of general concern with stockholders throughout the Union: 1836, 129 to 109; 1837, 120 to 941; 1838, 125 to 113; 1839, 123 to 70; 1840, 81 to 60; 1841, 64- to 34. Closing up of tie Second United-S 'ates Bank. - The value of the shares of the Second United-States Bank, at the time of closing, was determined, by the commissioners appointed by the Secretary of the Treasury to estimate the value of the stock, to be $115.58 per share; and the shares belonging to government were proposed to be made payable in instalments, in 1837-8-9-40; which terms were acceded to by the new bank. United-States Branch Bank in Boston. - The Second United-States Bank had a branch established in this city, located in Congress Street, rear.of the late Exchange Coffee House. The present Merchants' Bank building was erected in 1824 by the United-States Bank, at a cost of $120,000, and the branch removed thither. Upon the closing up of the branch banks, the banking house was sold at auction for $80,000, and shortly after purchased by the Merchants' Bank at $90,000. The estate was bid off at the auction by Henry Williams; and the current joke of the day was, " Sold by Old Nick, and bought by Old Harry." $10,000,000 Bank. - This was petitioned for in 1836; one half to be subscribed by the State in 4 per cent bonds, the other half by individuals. Lost on its passage to a third reading. Post Notes. A bill passed the Legislature, March, 1836 [repealed Feb. 1, 1838], allowing banks to issue post notes, to an amount not exceeding 50 per cent of capital actually paid in, provided they issued no notes less than $5.00. The following is a copy of one of these documents: "The President, Directors, and Company of the - Bank, promise to pay H. H., or bearer, one thousand dollars, in seven months, with interest at the rate of four and a half per cent per annum, until due, and no interest after." Signed by the president and cashier. This privilege was principally used by certain weak banks, as the Chelsea, Franklin, Lafayette, Fulton, and Hancock, which needed all the props they could get to keep them on their legs, as they were in a fixed consumption. S137. - THE CRISIS AND ITS CAUSES; Ileavy Failures. This year opened gloomily enough in a financial point of view; stocks down, and money-market tight as a'drum-head. In March, the Chelsea Bank at Chelsea failed. Circulation, $90,722; post notes, $20,600; visible assets, $36.71, said to consist of a counter, iron safe, and bull-dog. The New-Orleans mail brought accounts of great failures in that city, the precursors of the approaching crisis. The causes of this monetary crisis were attributed to the failure of crops, extinction of United-States Bank, specie circular (requiring payment for public land sales in specie), speculation mania, &c. The following facts are significant. There was an importation, in 1835, of $150,000,000 against an exportation of but $121,700,000, 30 Notes on the Boston Stock Market. from which deduct, for loss in goods shipped at an inflated price, perhaps $10,000,000. Prices were, however, sustained and advanced; the currency having increased from 1834 to 1836 more than 50 per cent. In 1836, the imports were $190,000,000; exports something under $129,000,000. Land Speculation was so rife, that, in 1835-1836, government lands were purchased to the tune of $39,000,000, all payable in cash; and, for the first two months of 1837, the purchases amounted to $2,239,481; a total in twenty-six months of above $41,000,000 paid for new lands, equal to the whole amount, within $8,000,000, of the sales for forty years,-from 1794 to 1834. Old lands, city and village lots, railroads. canals, cotton, and negroes, became objects of speculation; and when the crisis came, in 1837, the fall was great. In two days, houses in New Orleans stopped payment for an aggregate of $27,000,000; one house alone having liabilities stated at $15,000,000. Many can familiarly recall the Eastern land speculation in 1834-1835, which failed or crippled many of the banks in Maine, and caused much distress in this and other sections of the country. SUSPENSION OF SPECIE PAYMENTS by the New-York banks occurred May 10. 1837, after paying out $600,000 in specie to bill-holders and depositors the 8th, and $700,000, the 9th. Suspension followed by the banks throughout the Union, excepting the State Bank of Missouri. The amount of failures in New York from March 20 to April 12 was for $40,000,000, and went on increasing up to time of suspension, amounting to $50,000,000 or 60,000,000; and the number of suspended houses in that city had reached 352 by the second week in May. Suspension of the Boston Banks.- The Boston banks suspended May 12, 1837. A public meeting, at which the mayor presided, was convened at Faneuil Hall, e evening of May 11, in consequence of the suspension in New York the 10th. Resolutions were passed, deploring the necessity of the measure, expressing confidence in the Boston banks, appointing a committee to wait upon the bank delegates, then in session, to express the views of the meeting, &c. This was the first general suspension, though all but the New-England banks suspended during the War of 1812, and many of them did not resume until after the revulsion of 1818 and 1819. A large number of them also failed entirely. Upon the suspension of specie payments, the market was relieved, and stocks rapidly rose. United-States Bank shares, which had fallen to 95, went up above par; and the market was suddenly inflated to a considerable extent, though prices fell off again in a few weeks. Boston and Providence Railroad stock went from 95 to 101; Worcester, 78 to 921; and Lowell, 87 to 96,- which stocks at that time were among the leading ones of the market. Specie was worth from 10 to 13 premium, and by so much, therefore, the paper currency was a depreciated one. Specie was constantly arriving during the Spring of 1838, and in immense quantities: three packet ships brought a million each to New York in one week. April 16, 1838. - The Merchants, Columbian, and North Banks, of Boston, had the honor of being the first to resume specie payments in full, which they did from this date; other banks redeeming their small bills. The Legislature, on the 25th7 of April, legalized the withholding of specie on all notes over five dollars, until the 1st of January, 1839. The Massachusetts banks immediately commenced the payment of specie for small bills and some of them, soon after, paid all amounts when requested. Resumption of Specie Payments. -The suspension of 1837 lasted about one year; specie payments being permanently resumed by the banks of New England and New York in May, 1838. The United-States Bank of Pennsylvania, and others South, also attempted a resumption in August, but were obliged to suspend a second time, in NXotes on the Boston Stock Market. 31 October, 1839. These banks again resumed in January, 1841, but, after a short period of only twenty days, stopped again. The United-States Bank of Pennsylvania failed; and the Philadelphia banks resumed, for the fourth time, March, 1842. Others of the banks South gradually resumed, and some went into liquidation. Cash and Credit. -The difference between these in the. Spring of 1837, before the suspension, was very marked, especially at the South and West. A negro was put up at auction at Vicksburg (a cash sale), and $350 the best bid obtained. The terms were then changed to twelve months, with ample security, and the price was run up to $1,625. Immense Increase of Banking Capital. -The period from 1830 to 1837 was marked by an extraordinary increase of banking-capital, -the largest during any period of our history. " Hayward's Gazetteer" states that " there were, in 1830, 329 banks and branches in the United States, with a capital of $143,301,898; in 1840, 901 banks and branches, with a capitaaal of $358,442,692; being an increase of $215,140,794 in nine years; while the financial revulsion in 1837 and 1840 caused an extensive failure among banks, and the loss of capital during the transition, from 1837 to 1846, by failure or otherwise, amounted to $161,558,383, resulting in a contraction of the circulation of $54,088,755, and a reduction of 194 in the number of banks from failure alone." Downfall of Banks. - In the Summer of 1837, the Franklin and Lafayette Banks, located at South Boston, failed, - both rotten concerns. The excitement consequent upon specie suspension had subsided, and confidence was in a good degree restored, bank-stocks were recovering, money easier, and every thing wore a more cheering aspect, when in January, 1838, the Commonwealth Bank exploded, and, like a bombshell, threw consternation and dismay into the monetary circles. The high position it had enjoyed as a Government deposit, or Pet Bank, so called, and the confidence reposed in it, made its failure a disastrous one. Its capital was $500,000; debts due from directors, $630,958,71; liabilities of president, as principal and indorser, $259,117. The security at the best was entirely inadequate. The 16th, the Middlesex Bank at East Cambridge stopped. The failure of these two banks occasioned many rumors unfavorable to other really solvent institutions, which produced an unusual distrust and apprehension in the community. This was aggravated by the restricted circulation of sound banks, while the market was flooded with the issues of doubtful concerns. The Atlas Bank, capital $500,000, had only $18,716 circulation; while that of the Commercial, with same capital as the Atlas, was $515,000. The associated banks compelled the Commercial, Fulton, and Hancock to withdraw circulation. This healthful curtailing failed the latter two, and closed up the former. The American, Kilby, and Oriental also went under. Fractional Bills. —During the suspension of specie payments, the want of small change was such as to induce various devices to meet its absence. Among others was the issue of fractional bills for $1.25, $1.50, $1.75. A certain hour of the day was appointed at the bank, when packages of fifteen dollars, Boston money, would be exchanged for fractional bills. The rush was immense for many days, and the large bank-hall crowded with applicants. These issues were prohibited by legislative enactment in 1853, under penalty of $100 for each offence; and any person who circulated a fractional bank-bill in Massachusetts was liable to a fine of $25 therefor. Spurious Copper-Coin. - The manufacture of base copper coin was carried on, on a large scale, to supply the absence of cents. These bore all kinds of devices and caricatures, mostly levelled at Gen. Jackson's policy. In the midst of a brisk and lucrative business, orders came from the attorney-general at Washington, to prosecute 32 Notes'on the Boston Stock Market. all makers, venders, and circulators of the spurious coin (the prerogative of furnishing the metallic portion of the currency belonging to Government); and thus ended the fun and profit. Middling Interest Bank. — On a pleasant August morning in 1839, the Suffolk Bank issued its card in accustomed form, to the effect that this bank had lost caste; whereupon the commissioners stepped down to Lynn Street, near the Chelsea Ferry, where it, was located, and put the muzzle on. October, 1839.-A Second Suspension by Philadelphia, Baltimore, and other Banks South and West. New-York and Boston banks stood firm. There was, however, necessarily, a great stringency in the money-market; and bank-stock touched the low figures in our subjoined list, all selling below par. There was a stampede downwards after the October dividends. The scarcity of money at New York was said to be intense. The United-States Bank had paid out, since resumption, $20,000,000 in specie and specie funds. Its stock fell rapidly. In the Spring of 1840, it had fallen from 120 to 70. A writer, speaking of the financial condition of Philadelphia as an enigma, said that the real difficulty arose from the position of the United-States Bank: "It is not to be concealed that this institution, with its enormous capital, has been actually run aground, and that, after the lapse of six months, it is still unable to get afloat." In February, 1841, after a second resumption, of short duration, the United-States Bank again suspended and failed, followed by a third and partial suspension throughout the South and West. Bicknell's " Reporter" estimated the aggregate losses by stocks, within the two years preceding the Spring of 1841, at $50,000,000. Another IMonetary Pressure. -The lower figures for bank-stock were towards the close of 1841, when the pressure for money was severe, or, as a financial writer remarked, "The money-market is as tight as the skin on a cat's back." The Eagle Bank stock declined in December, 1841, on account of a defalcation, estimated from $25,000 to 40,000. Passing two dividends made all right. 18142.- In January, the Girard Bank of Philadelphia caved in; and trouble followed at the Pennsylvania Bank, which held the $800,000 with which the February State interest was to be paid. A run was made upon it, and for the security of the public moneys, and for general interest, the governor interposed, and its doors were closed. Its stock fell to $50 offered for $400 par value, or twelve and a half per cent. The par value of the bank-stock owned by Pennsylvania, and sold at auction in 1843, was $2,533,676; its market-value, $389,056. June 1, most of the New-Orleans banks again suspended specie payments. A panic set in, which caused a run upon them. A Bank Collapse. - Oct. 1, 1842, the Charlestown "Bunker-Hill Aurora" gave notice that a dividend would be paid at the Phcenix Bank on Monday the 3d; when, lo! on arriving at the bank, instead of a dividend, the stockholders found on the door a notice to the effect that the bank had failed. Speaking of this failure, " The Post" said, " Many are those, who, in one short hour, have gone from comparative ease to poverty. Since the town was destroyed by the British, it has had no severer blow." Whole capital of $300,000 lost by a series of frauds. The enterprising proprietor of Oak Hall gave notice that $5,000 of its bills were wanted immediately, at par, in exchange for clothing. Valuable 4ssets.-$139,267.72 of the broken Lafayette Bank's assets sold at auction for $66.25 for the lot. 1843.- Unusual Plethora in the Money-Market. The Spring opened with an inactive money-market; large amounts seeking investment at lower rates. Opeiations quoted as low as 4j per cent per annum. Banks and insurance-companies loaning freely on demand, at 4j and 5 per cent; and 'one of our leading banks loaned a Notes on the Boston Stock Market. 33 portion of its capital at 3 per cent: another made a loan of $100,000 at 3 per cent, to parties who afterwards complained of a had bargain at that. Money was borrowed to fit out an India ship ($100,000), at 2. per cent per annum, -the borrower to have no trouble, but to call for the Spanish dollars. The securities offering were wholly inadequate to the demand. Banking at Low-water Mark.-In October, 1843, the stockholders of the South Bank voted to surrender the charter, and close up. 97, per cent was returned to the shareholders, although its stock had been selling down to 60 per cent. Banking busiIness had become so poor in 1843, that several institutions were on the point of closing up. The Washington Bank, by a vote of two hundred and sixty to a hundred and eighty-five, decided to surrender their charter; but this vote was not sufficient to make a legal surrender. Tie North Bank narrowly escaped closing up at the time of its removal from North Market Street to the Merchants' Exchange. It was urged that the bank could wind up, and return stockholders their capital to invest elsewhere, as it was not probable it could earn 6 per cent over expenses. The result has proved otherwise. The president of the Atlas Bank spoke very discouragingly, at the annual meeting of continuing the bank in operation, as the stockholders could probably find a better investment for their capital. Banks around Boston.- Of the four banks at Roxbury (the Norfolk, Winthrop, Roxbury, and People's), the last one alone survived the storm. The Norfolk had previously suffered by a robbery, and the disasters of 1837 finished it up. It, however, as well as the Winthrop, settled up all liabilities to the public, with a surplus left for stockholders. The Roxbury Bank was a sort of swindle, as stated at the time of its existence. At Charlestown, the Bunker-Hill Bank alone survived. The Charlestown Bank closed up, with some loss to stockholders; and the Phmonix afterwards blew up, as we have stated, and blew down the fortunes of several un-fortunate stockholders. The Cambridge banks got through more comfortably than most of their neighbors. The Middlesex Bank (East Cambridge), before alluded to, eventually paid 42 per cent to stockholders. The financial tempest of 1837 caused a sad shipwreck of banking institutions, and swept away many a fortune. Banks Chartered, but not Organized. -Banks have been frequently incorporated, whose stock could not be disposed of; and it appears from official reports, that the following banks, chartered for Boston, never went into operation:CTEARD BANKS. CAPITAL. CAR. BANKS. CAPITAL. TERED. TERED. 1824. Mechanics and Traders.... $500.000 1828. Merchants......... $500,000 1827. South Boston........ 500,000 1d36. India (second)........ 1,000,000 1828. Hamilton.......... 500,00011836. Blackstone......... 500,000 1828. India............ 500,000 1850. Haymarket Square...... 150,000 Three other institutions, under the titles of the Hamilton Bank (1831), Merchants (1831), and Blackstone (1851), were afterwards chartered, and are in operation now. The Haymarket-square Bank was prevented from going into;operation by an injune tion being served upon it. The increasing demand for money, required by a reviving trade, affected the stockmarket unfavorably in the Spring of 1844. Interest rose to 6 per cent. From 1844, the demand for money, up to 1857, was almost constantly active, - the Spring and Summer of 1852 being the only. exception, -on account of the immense absorption of capital by railroads, and they being constant borrowers in;the market at high rates of interest. For a period of thirteen years, there was hardly a time when money could be had outside of banks at six per cent, excepting in: 1852. From 1843 there was gradual improvement in bank. shares; the dividends steadily -8 34 Notes on the Boston Stock Market. increasing, and the ' surplus fund " constantly augmenting. But so great had been the shock to this class of property by the disasters of 1837, that it was ten to fifteen years in fully regaining popular favor; then followed shortly the panic of 1857, causing serious temporary depression, as shown by prices for that year. Suspension of 1857. -Many of the New-York banks suspended specie payments - before the close of business, Tuesday, Oct. 13, 1857, amid general panic; and the balance, at the opening next morning, together with those of Boston, followed by others throughout the country. This was the second general suspension; and the immediate effects were much the same as in 1837, only on a larger scale, in keeping with the' growth of country. The banks rapidly recovered their position, and by Dec. 12,just fifty-nine days, —Boston and New York resumed; and gradually others, in all parts of the country, came into line. It was stated that the New-York banks were fairly forced into resumption by the rapid accumulation of specie (from $5,800,000 to 27,957,327); and the amount held was larger than at any previous period. The Suspension of 1861. - The first year of the Rebellion, the banks of the country came forward promptly to aid the government, and manfully resisted suspension until Dec. 30, 1861, when, the state of the times rendering it no longer possible for either the government or the banks to do business on a specie basis, both suspended, and thus remained at the close of 1870. The past ten years' history of the financial market is an eventful one, in that it embraces the term of our civil war, marked by those violent fluctuations in the moneymarket which war naturally occasions, and especially a civil war of so serious a char-.acter as the one we have passed through. The immediate effect of the outbreak of the conflict in 1861 was to depress all property in the shape of money securities, as stocks and bonds, and especially those of the Government. United-States 6 per cents, at a premium Jan. 1, 1861, fell to 83 for the new 6's of 1881 in the Summer; and the.5 per cents of 1874, fron par to 75. These prices were, however, higher than those obtained during the War of 1812-15, when the United-States 6 per cents sold at 65 in 'Boston for gold, which was at about 15 per cent premium, equivalent to 75 in currency. The uncertainty of the result of the Rebellion, and its duration, had naturally a depressing effect upon railway shares and securities, bank and manufacturing stocks. This depression continued, with occasional variations, till the Autumn of 1862. The suspension of specie payments, at the close of 1861, was not noticeable in its effects till about Mid-summer, when the premium began to advance rapidly. From being 'quite nominal, it reached 373 in the Fall of 1862; and an upward movement in the stock-market commenced, which culminated in 1863-64. The animation in railway and manufacturing shares was a legitimate one, as the result of the wants of the Government for goods and transportation of war-material and troops. In the Summer of;186A, gold reached its highest premium, 185 per cent. The effect was not only stimulating to sound securities, in which transactions were made with a currency worth but 35 cents or upwards on a dollar; but all the old fancy-stocks again became promi-.nent. Railroads that had never paid a dividend, and never might, commanded enormous premiums, in some cases more than Massachusetts State gold interest bonds, and the Government securities. We subjoin a few of these and others as samples, comparing prices shortly before the war with those of 1863-64:'1860-1. 1864. 1860-61. 1864. 1860 -61. 1864. Oeve. & Pittsburg, 5 132 111. Central, 61} 138 New York & Erie, SJ 1263 iCleve. & Toledo, 1 157 Mich. Central, 34 17 Norwich & Worcester, 30 115 '.Harlem, 8 285 Mich. Southern, 6 1184 Pacific Mail, o0 325;Hudson River, 81i 164 New-York Central, 68 145 Panama, 97& 300 Notes on the Boston Stock Market. 35 In 1857, Hudson River sold at 10; New-York Central, 50, and Panama, 60. In 1858, Harlem, 5J, and Norwich and Worcester, 8. In 1859, Cleveland and Toledo, 161, and Erie, 4, - all lower than in the above table. The great price of 285 for Harlem was the result of a "corner." Pacific Mail reached 329, February, 1865, and Panama 369 in 1868, the highest points. New-York Central advanced to 21 7 in 1869, before consolidation with the Hudson River. The Boston tables will show a corresponding advance to a considerable extent. The years 1863-64 were noted for the host of fancy stocks in the market, in the shape of coal, copper, gold, and other mining companies, with oil-bubbles, whose magnificent programmes were scattered throughout the land, and most of which have long since collapsed, and disappeared from public view. Some of these obtained currency through the names of prominent men As officers; and a New-York paper mentioned a case where five thousand dollars was offered for the use of a name as president. The past ten years have been noted for a change in banking, whereby a uniform currency throughout the country has been secured, guaranteeing entire security to bill-holders, and diminishing losses by counterfeiting. The same period fastened upon the country an enormous debt, less than half the interest of which would have sufficed, ten years ago, to carry on the government, not to speak of the heavy debts incurred by the States, cities, and towns throughout the loyal States. Thanks to the resources of the country, the national debt, which at the close of the war had reached $2,757,689,572, not including a large amount of floating debt and unadjusted demands, had been reduced, Dec. 1, 1870, to $2,334,308,495. The war proved a great benefit to the Northern railroads, and never have they been in so firm a position as at present. Many of the weak roads, having passed through their ordeal, are now good property; and their bonds, in some cases worth but 2 per cent and onward, have now a value of from 80 to 90 per cent. The change in the banking-system has also been favorable to these institutions, as their dividends show, and the high price of bank stock, compared with prices a few years since, not to speak of extra dividends paid at the time the change was made. The abolition of the usurylaws has, of course, helped the regular dividends. This last act of legislation may also be considered a result of the war. As the conflict progressed, the need of means to carry it on made it necessary for Government to offer inducements to capitalists to loan their money; and the rate of interest came to be estimated at 7fp per cent. The State, also a borrower, was obliged to contract temporary loans at the same rate, in seeming contravention of its own statute, which made it usury to loan at a higher rate than 6 per cent. This, with other reasons, made the opportunity a favorable one to legislate for a higher rate of interest; and the result was, that July 1, 1867, all usury-laws were abolished, leaving borrower and lender free to make their own terms. Where no contract is made, 6 per cent only can be collected. The practical effect has been to make 7 per cent the common rate on undoubted security, as first-class mortgages and paper, - quite as moderate a percentage, to say the least, as was paid under the 6 per cent rule with a "bonus." The change has, of course, been favorable to savings banks and banks of discount. The past decade has been unusually free from bank failures in New England, and perhaps from peculations. The Shawmut, North, and Hide & Leather Banks of Boston, have been sufferers, especially the latter. The Merchants bank was also victimized $600,000 by a banking-house failure [see Notes to Bank Dividends]. The First National Bank of Newton failure in 1867, with the First National of Bethel, Conn., are the only ones in New England. Of bank-robberies, those of the Concord, Boylston of Boston, and Grafton, are still fresh in memory. In all of these cases, ( 36 Notes on the Boston Stock Market. depositors of Government bonds were the chief sufferers. The increase of this class of securities has led to the organization of special places of deposit for all valuables; the principal one being that of the Union Safe Deposit Vaults of Boston, where, for a small sum per annum, absolute security, as far as human foresight can guard, seems to be offered. It is worthy of note, that, while prices of personal property were generally stimulated during the war, real estate remained unaffected almost to its close. When the paper dollar had fallen as low as forty cents, even houses and farms could be purchased on very nearly as favorable terms in this depreciated currency, as two or three years before with gold; or, to make it plainer, a person abroad, with his gold, could have invested here in real estate at an immense discount from former gold-values. It was not until near the close of the war that an upward movement in this class of property fairly set in. The same inactivity existed in Government bonds. Even after the conflict was closed, the 7.30 notes, convertible into 5-20 6 per cents, dragged at a price often below par (95 to 96, the last of 1865); and it was not until the Spring of 1869 that Government securities reached a premium approaching what their real value and exemption from local taxation claimed. Telegraphs and Railroads. - The past five years have been marked by the completion of two great enterprises: The successful laying of working submarine telegraphic cables between Europe and America, and the building of the Pacific Railroad,- both triumphs in their kind, the one of incalculable service to the world at large, and the other to the United States in particular. -The railroad from Omaha to the Pacific, a distance of one thousand nine hundred miles, was completed in less than five years; commenced the latter part of 1864, and the "last spike" was driven, May 10, 1869. It is a notable fact, that, for some time, only two subscribers to stock of the Central Pacific could be obtained in the city of San Francisco, and one of these was a woman. The late P. P. F. Degrand of this city, if not quite the first, certainly deserves a place among the early advocates of a PACIFIC RAILROAD; for as far back as Jan. 1, 1849, at the opening of the South Shore road, he made a speech in favor of a railroad and telegraph-line from Saint Louis to San Francisco, to be completed in five years! On the 19th of April of the same year, a public meeting was held at the United-States Hotel in Boston, when Mr. Degrand presented " An Address to the People of the United States." This was afterwards printed in pamphlet form, with a lithographed map of the proposed route, and circulated by thousands, at the personal expense of its author. His plan provided for Government aid and a land-grant, with a telegraph (then in its infancy) to be established as fast as the road progressed. The first Atlantic Cable was laid Aug. 5, 1858; and the event caused the wildest rejoicing throughout the country. In Boston a hundred guns were fired, amid the ringing of all bells in the city; and in the evening the trees on the Common were hung with colored lanterns, and the public buildings illuminated. The working of the cable was never satisilctory, and, had none other been successfully operated, some would have doubted that this first one ever transmitted a message. After little more than a month of most tantalizing successes and failures, it ceased to work entirely. In the Summer of 18&5) seven years later, a second attempt was made; but the cable parted in mid-ocean. A third trial succeeded, July-27, 1866. The fleet then proceeded to grapple and splice the cable broken the year previous; which was successfully done, and the end landed at Heart's Content, N.F., Sept. 8. The French cable was laid in 1869, from Brest, France, to St. Pierre, N.F., and thence to Duxbury Mass., where it was landed, July 24. These three lines continued in working order, with temporary interruptions, to December, 1870, when only the French line was in Notes on the Boston Stock Market. 37 operation. At least two new cables between Europe and America were proposed to be laid in 1871. In closing these sketches of the past, we should not omit stating, in honor of Massachusetts and Boston, that the former is the only State, and the latter the only city, which maintained specie payments on all their obligations, interest and principal, contracted prior to the general suspension in 1861. This has been done at great cost, often, to both State and city, whose obligations were constantly maturing. The rate of interest paid (in currency value) has sometimes reached 12 to 15 per cent per annum; while fortunate holders of matured bonds have realized, at times, from $2,500 to $2,750 for a $1,000 bond. Specie being the sole circulating medium of California, that State and its cities had no choice in the matter: they simply received and paid in kind, and incurred no sacrifice in so doing. INTEREST RATES FOR MONEY, i831 to 1871. THE following rates are for first-class, three to six months, bankable paper. Loans "on call" range from 1 to 3 per cent lower. 1831. -Jan., 5~ per cent, and gradually rose to 7, the rate for the last four months of the year. 1832. - Opened at 7 per cent; declined to 6 in March; rose to 7 in May; thence for the year, 6 per cent. 1833. - Opened at 6 per cent; declined to 5k; rose to 6j and to 8, July, Aug., and Sept.; to 10, Oct.; 12, Nov., and 15, Dec. 1834. -In Jan., 15 to 24 per cent; then high and variable, and fell in Dec. from 10 to 8 per cent. Called a "panic year." 1835. - Rates low, and down to 5 per cent; but closed in Dec. at 8 to 10. Called the "golden year" for business. 1836. - Opened at 10 per cent; up to 12 in March; 15, April; 18, May; up to 24, Aug. and Sept.; 36, Oct., and 24 to 30, Nov. and Dec. 1837. -Opened at 16 per cent; advanced to 20, and receded to 13; up to 18 in Feb.; 27, March; 30, April; 32, May; then fell rapidly to 6 in June; advanced to 7j; fbll to 6 in Nov., and rose to 10 in Dec. Banks suspended May 10; resumed May, 1838. 1838. -Jan., 11 per cent; Feb., 12; March and April, 12 to 18; fell in May fiom 10 to 7; thence, 6 to 7 till Dec., and closed at 7 to 9 per cent. 1839.- Opened at 6 to 9, and stationary till July, when it advanced to 11 and 12; in Aug. to 15; Sept. to 21; Oct. to 30; Nov. to 36, and then rapidly fell to 9 per cent at the close of the year. 18140.-Jan., 9 per cent; Feb. and March, 9 to 12, and fell in April to 7; May, 7; June, 6 to 8; July, fell to 5, and ranged at 6 to 7 for remainder of the year. 1841. -At 6 to 7 per cent till May; then 6 till Sept., and 6. to 7, up to 9, in Nov., and 9 to 12 in Dec. 1822.-At 9 to 12 till April; then 8 to August; Sept., 7; declined to 6 in Oct. and Nov., and thence 6 to 9 per cent to close of the year. 1843.- Opened at 6 per cent; then 5 to 6 till May; declined in May to 4f, and 3 in June; "exceptional loans " made as low as 2.; thence 3i to 4 per cent. 1844.- Opened at 4 per cent; rose to 5 in March, and remained for the year with little change from 5 per cent. 38 Notes on the Boston Stock Market. 18435.- Opened at 5 per cent, and ranged from 5 to 6 till Aug., and rose to 8 in Nov. and Dec. 1846. - Opened at 8 per cent; rose to 9 in Feb.; declined to 7 in March; thence ranged from 8 and 9 to 12 per cent, up to Aug. In Aug., 8 to 9; declined to 6 in Sept.; thence 6, 7, and 8 per cent. 1817.- Opened at 8; advanced to 12 in Jan. and Feb.; 8 to 10 in March; fell to 6 in June; advanced to 9 and 12 in Oct.; 15 in Nov., and 18 in Dec. 1848. -Jan., 18 per cent; Feb., 18 to 12; March and April, 12 to 15; May and June, 15 to 18; July and Aug., 12 to 15; Oct., 18; Nov., 18 to 15; Dec., 15 to 12. 18S9.-Jan., 12; Feb., 9 to 12; March and April, 12 to 15; May, 9 to 11; declined to 7 in June; July, 8; Aug., 7k to 8k; Sept., 9; Oct., 9 to 10, rbaching 10} in Dec. 1850..- Jan., 9 to 10k; Feb. and March, receded to 8 and 9; April, May, and June, 7 to 8k; fell to G6 in July; rose to 9 in Sept.; thence, 7 to 8 per cent. 1851.- Opened at 6 to 7} per cent; advanced to 7 and 8k in Feb. and March; April, 8; fell to 6} in May, and rose to 11 in July and Aug; 15 in Sept., and 16, Oct.; thence, 9 to 12. 1852.- Opened at 9 per cent fell to 71 in Feb.; March, April, and May, 6, and 5} the Summer months. In Sept., 6 to 7; thence, 6 per cent. 1853.- Opened at 6 per cent; advanced to 8, and gradually to 12 in March; fell to 8 in May; then at 9 to 10 in June and July; rose to 12 in Sept.; 15, Oct.; 18, Nov., and fell to 9, Dec. 1854.- Opened at 9 per cent; fell to 7 in Feb.; rose to 10 in March, and 12, April and May; fell to 9 in June; July, 9 to 10; Aug., 12, and 10 to 12, up to 18, in Dec. 1855. - Opened at 15 per cent; fell to 10, and in March to 7; rose to 10 in April; fell to 6k, May; up to 8, and fluctuated from 6 to 8 till Oct.; in Oct., 9, and thence 10 to 15 per cent. 1856.- Opened at 10 to 12 per cent; Feb., 9 to 10; March, 7 to 9; thence till Nov. at 9 to 10, and in Dec., 10 to 11 per cent. 1857. - Opened at 9 to 10 per cent; Feb., 8} to 9; March, 9 to 10, and fell to 7 and 8 in April and May; June, July, Aug., 9 to 10, and rose in Sept. from 12 to 36; Oct., 24 to 36; Nov., 15 to 24; Dec., 9 to 15. Banks suspended Oct. 13, and resumed Dec. 12. 1858. -Jan., 7k to 9 per cent; fell to 5k in Feb., to 5 in March, and 4k in April: thence, 4, to 4 in Sept. In Aug., "call loans" reported at 2} in New York, and leading bankers said to be purchasing their own paper at two per cent. Prominent sixty days' acceptances passed at 3 per cent. Oct. and Nov., 4; Dec., 5 per cent. 1859.-Jan., 5 to 6 per cent; Feb., March, and April, 5k to 7; May, 6k to 8; June to Nov., 7 to 8; Dec., 7 to 8k per cent. 1860. -Jan. and Feb., 7k to 9k per cent; March, 6 to 8; April and May, 6 to 7; June, 5 to 7; July, 5 to 6k; Aug., 6 to 9; Sept., 6k to 9; Oct., 6k to 7k; Nov., 7 to 15; Dec., 12 to 18 per cent; the money-market being disturbed by the Government as a constant borrower, and the threatening aspect of political matters South. 1861.-Jan., 8 to 15 per cent; Feb., 8 to 9; March, 6 to 8; April, 5 to 6, the former only for very best paper; business stagnant, and great distrust prevailed. Rates ranged from 5 to 6 per cent all through balance of the year; money abundant, and little call for it. These were bank-rates, and good notes outside submitted to higher figures, owing to the almost entire want of confidence in paper promises. In Notes on the Boston Stock Market. 39 August, money reported " a drug " in the market, and a writer remarked that it was the best drug that he knew of. Banks suspended Dec. 30. 1862. — Jan., 6 to 9 per cent; Feb., March, April, 9 to 7; dropping rapidly to 4 in May, and June 3~ to 4, the latter named as the "outside" rate; July and Aug., 4 to 5; Sept., 3j to 5; Oct., Nov., and Dec., 4 to 5; second class, 6 to 8. Money very abundant in Nov., and "demand moderate " at close of the year. 1863. -Jan. to July, 4 to 5 per-cent, with scarcity of paper offering. In May the money-supply reported greater than ever before. July, 4j to 5; Aug., 4j to 6; Sept. and Oct., 5 to 6, and 6 to close of year. 1861.-Jan. and Feb., 6 per cent; demand for stock operations large. March, April, May, June, 5 to 6; large deposits for "temporary loans," at 5 per cent, made at the Sub-Treasury. The last of June more activity, and in July, "square " up to 6 per cent, the market being called stringent, so long had lower rates ruled. From May, 1862, to July, 1864, the immense p:yments by Government had kept the market fairly " surfeited " with paper money. July, Aug., and Sept., 6 per cent; much idle capital, still outside loans paid 8 to 10; Nov., 6 to 7, and Dec., 7 to 9 per cent. 1865. - Jan., 7 to 8 per cent; Feb., 7j to 8, and reported a little "tight," the first time for a long period; very choice, 7; March, 7. to 8, at times 8 to 10, and " strinent;" April, 8 to 7, and dull at that; May and June, 6 to 7, and as low as 4 on call. Fair names, 8 to 9; July, 6 to 7; Aug. 6- to 7,; Sept., 6., for very best, to 7; Oct., 71 to 8~, and call loans 7-1; Nov., 9 to 10, and good notes 12, very choice 8; Dec., steady at 8 for first-class; on call, 6; fair notes, 9 to 10 per cent. 1866. - Jan., 7 for choice, to 8 per cent; on call, 6, and first-class paper in demand; Feb., 6, to 7?8, the latter at bank, outside rates being the lowest, with a brisk demand for best paper at 7 per cent; March, 7 to 7j; April, 6, to 7k; May, 6 to 7; June, 5 to 6, and abundant, while the " bank rate " on London was ten per cent, and a " panic " in the market; July, 5 to 5~; Aug., 5 to 6; Sept., 5 to 51.; Oct., 5, and large sums lying " idle " at that. The Government had redeemed large amounts of "certificates of indebtedness" and " temporary loan," all through the Summer. Nov., 5, to 6, with a little " flurry" at 7; Dec., 6 to 6., and the year closed " comfortably." 1867.-Jan., 7 to 8 per cent; Feb., 7.to 8.; March, 6~ to 8I; April, 6 to 71; May, 6 to 7; June, 5. to 6; July and Aug., 5 to 6; money very abundant through the Summer, and deposited with bankers at three per cent. Sept. opened at 5, and held steady to the latter part, when it "jumped " to 8, owing to "quarter-day " of the banks, and " manipulations " of the New-York market. Oct., 6~ to 8; Nov., 7 to 8, and Dec., 7 per cent, money becoming easier as the year drew to a close. 1868. - Jan., 6 to 7 per cent; Feb., 5 to 6; March, 5 to 7~; April, 7 to 7?; May, 6~ to 8; June, 5 to 6.; July, 5 to 7; Aug., 5. to 7; Sept., 6 to 7?; Oct., 7 to 8, and market reported growing stringent. Call loans " square" up to 7. Nov., money market very " close," banks charging 7 to 8, but discounting little, and outside capitalists obtained 9 to 10 on good notes. Easier towards close of the month, and Dec. ranged from 7 up to 8~. 1869.-The new year opened bright; but the sun did not shine long. Jan., 7 to 7j per cent; Feb., 7 to 8; March, 7 to 9, and sharp at that; April opened at 9, but closed " better" at 7; May, market improving, and borrowers began to "smile." Banks "easy," and choice paper discounted at 7 per cent, " both at bank and in the open market;" June started at 6., and closed, 8, "hard;" July opened with a "tight" market, very unusual for Mid-summer, and 8 to 10 per cent paid freely, but down to 7 at close of month; Aug., 7 to 8, with a " wholesome demand " all through; 40 Notes on the Boston Stock Market. Sept., 7 to 9, and 8 paid "on demand;" Oct., 7. to 10, many banks reported "poor," and paper which in ordinary times would pass readily at 7 to 8 obliged to submit to 12 @ 15 per cent; Nov., market "stringent," borrowers not able to do better than 1 per cent a month "on the average." The choicest paper, 81 to 9, and good notes, sure to be paid, as high as 15 per cent. Dec. opened brighter, and rates gradually receded to 71 and 8 at close of the year. 187O. —Jan., market improving; rates ranged from 71 to 6 last of month, and money very easy, a " drug" at 5 per cent on call; Feb., March, and April, steady at 7, with choice short at 61; May and June, 6 to 6i, and a "surfeit" of capital; July, 61 to 7; Aug. and Sept., 7 to 8, the war in Europe having a tendency to " unsettle" money and business matters; Oct., 7 to 71, with a better supply of capital; Nov., very quiet, and borrowers said to be " among the happiest and best-natured people met with;" rates, 7, with " very choice " at 6; bank and outside figures the same. Dec., rates ranged from 6k to 7 per cent through the month, with a full supply of capital; and the year closed very quietly, without the disturbance in financial matters usual at this period. In New York, the market was very "close" at times, and then " easy;" the result of " locking up" greenbacks, and then suddenly letting them out again. Notes on the Boston Stock Market. 41 PUBLIC SECURITIES. THE following pages present an elaborate series of tables, with explanatory notes, relating to the Banks of Boston, Insurance Companies, New-England Manufacturing and Railroad Companies, Railroad Bonds, Government and Miscellaneous Securities for the entire century to date. These cannot fail to be of interest, not only to the thousands who have invested their means in the stocks or bonds of the different corporations, but to the general reader, who takes an interest in financial matters so far as success or failure bears upon the prosperity of the community. We are enabled to give a complete official record of dividends by the different corporations, going through in detail with every one paid by each, regular and extra, and also present the highest and lowest market-value of the several securities, each year, for a period of seventy-two years; a most varied history, and which will show that no one class of property has always been the profitable kind for investment. The high prices of bank shares, and large dividends, in 1870, would scarcely lead one to believe, that, within eight years, nearly two-thirds were selling under par, some dividing less than six per cent, only seven paying eight per cent, and but two over that. Railroads are subject to like remarks, while manufacturing companies are quite the reverse: and it is a singular fact, that the different classes of securities are rarely very high, or extremely depressed, together; but each has, to a greater or less extent, its peculiar period of success or adversity. We annex as an historic retrospect the following remarks, from Martin's " Twentyone Years in the Boston Stock-Market," written in 1855, when railroad securities were at a low ebb, and lacked all the elements of popularity:"WILL RAILROAD PROPERTY BECOME VALUABLE AGAIN? -It is sometimes asked if railroad property will ever again become a paying investment, and regain its lost position. The same question was often put in regard to bank stock during its long period of depression. Many thought it never would, and discouraged by small dividends, or none at all, sold out at a great sacrifice; leaving to others to reap a rich harvest from their fears. A comprehensive view should be taken of the subject. Almost every species of property is liable to panics and revulsions; and in every enterprise, however profitable and promising in the aggregate, individual cases of unsuccess and failure will occur: and whenever banking, railroad building, real-estate investment, or any other undertaking, assumes a speculative character, disastrous results follow. Railroads have, in many cases, been built where they were not wanted; in others, diverged from their proper course by unwise or interested counsels. Large sums have been foolishly expended, and there have been errors in calculation and management. But, because of here and there a failure to meet the expectations that were formed, it does not follow that the whole railway property of New England is valueless. Our principal roads pass through a rich and populous country; and the passenger and freight movement is immense and increasing, whilst those interested are awaking to the necessity and justice of adopting a remunerative tariff' in place of the ruinously low prices that have ruled, from a foolish rivalry and competition for business. Taking a just and comprehensive view of the subject, we believe, that, in due time, railroads will be re-installed in public confidence, and be classed among our safest and best investments." BOSTON BANK STOCKS. Presenting the Highest and Lowest Prices each year from 1799 to 1834. inclusive. 'BOSTON BANKS. 1799. 1800. 1831. l832. 1803. 1804. 1805. 1806. 1807. 1808. 1809. 1810. 1799 to 1811. Par. High. Low. High. Low. High. Low. High. Low. High. Low. ingh. Low. High. Low. High. Low. High. Low. High. Low. High. Low. Hi-gh. Low. Boston.............. 100..New,1803. 119 110 115 103 112 102 116 104 114 109 115 110. 119 iI 120 1168 Massachusetts...... 503I.Iew,1784. 150 132 135 130 130 122 1234 120 123 113 125 115 128 122 128 125 Union...1...... 100 125 118 128 118.' 136 130 152 135 150 12i 132 126 128- 118 118 I112 116 109 115 110 118 114 119 116 United States........ 100,125 ______137 1__ 144 1.30 13. 140 150 144 146 141 149 125 137 128 137 115 128 118 130 127 130 1124 1811 to 182.13_ 111 1Q10 101 _ __ _____ ___ I -— I I_ I I -1-_. U's. '..It- - 0.. 13 16. Boston............... Massachusetts.... Manuf. & Mechanics', New England....... State............... Suffolk............. Union................ United States ~...... 100 500 50 100 100 100 100 100 119~ 96! 130 117' ~New. 115 97 118 108 Nw, 1813. 1061 100 116 108 118 111 Xcw,1814, 107 100 1094 107 1083 83 111 98 108 97 111 981 110 65 lo sed.91 closed. 100 93 106 100 104 90 112 105 100 84 100"' 84j, 96 90 101 94 99 88 110 984 92 80 90 83 NewB'k. 1817. 112 994 105} 96 104 92 1141 1023 113i 931 New,1818. 106 89'. 135 &~133 1818. 113' 101j 107 101 105 100 1141 106 $661 60 106 100 1061 103 152 110 1819. 1061 100 103 1CO la05 99' 113 106 631 58 107 103 105 101' irs an: 1820. 112 105o 1064 101 109 102 1121 107$1 631 61 -111 105 107 103 1AA 1 AC) 1821. 112k 1091 115 102 115 109 117 1091, 65 614 115 109 109} 105 1822. 110o 104 115 100 115 100 1171 110 65.L 60 114- 104 lo9 100 120' 9.'"..112' 97 114 107' 114 88[ 99 03 tOld Ban k I- - - f I 11- -l I - I NewB'k. 135 —133-1-2 110 --- —— [ —I'~..... 2 IU 1... 1823 to 18m3. 1823. 1824. 1825. 1826. 1827. 1828. 1829. 1830. 1831. 1832. 1833. 1834. American............ 100 New. 103 100 10 104 105 100 103 99 103 99103. 7 104 96 105 102 104 101 104- 1004 106 98 -Atlantic......... 100.....ew1828. 100100........ 103 97 106 97 105 103 104 102 1010 106 103 104 100 Atlas................ 104 10 10 Boston t............. 150 $79 76 80 }77$ 8076. 78476 78 75 771 74. 76 71$ 5 50 13 54 5 54 53 Cityr..............100 105 102 112 105 110'- 106' 108 104 106 101. 051 100 10310010798$108 3 10721050 107105 107102 Commetcal.......10.......................ew. 1 101e. 107 104 106 1031 104 994 Commonwealth. 130 Yew,82. 102$ 100 1064 1043 105 100.3 1071 109 103.1 100 102$ 100107 100 107 101' 106. 102 107 104 107 102 Columbian........... 1 101 1904 0 2..2 1 12 106 102 107 103 Eglone.t......103 ]0 1 02 110 103$ 109 1 10106 103 107 104 107$ 101 106 10 10 103 11 1 0 107 109 1 04 109 1050 E'~~~~~~~ranklin ~~.100,,,,~~~~~ N'~,~ew 100 ~~~ 9 07101. 11 104 105 102 104 100 Egloe. 109 cw,1824. 106 1 00 10694 03$ 104 102 106 102 1054 101 1034 100 1074 1034 1061 105 108$ 105 108 105$ 108$104 oranite...... 130 Hamilton:.: a 100....New. 100 18$j 103 95 Hancock. 100...New 11 100 1059 103 105 100 al e.t.100..pr ct...I a n o............ 0 ol at 71 ew,1832 10 105 100 Masschbetts. 250...1094 106$ New,182 13 108'113 110 110 107 109 105$6 106$11 100 30 9 027 100 1054 101' 103 100$ 101$ 99.1 101$ 994 Mercants'0l0n...........~....................... e,1831.. 1041 10 I 10.1 N 105 10 1t9 102 New11 10Engla1nd~.10 ii250 1134 410910 214 106 307 i 111k100 105 100 NGlorth...............100. N ew,113. 102 1100 10 10 102 10 1 10211 103 1110 101$.103.$ 10101104 102 1124 103 1004 1081 1 1014 10'Oriental.....11......00.104 10 o ith.10..o.w 10 9 0............. Nw. 00 7 103 89 Statefolb~..... 1 60 $61 60 66 61' 64 67` 63 631 634 664 61 61 59 63 59. 641 62.1 60 60 6 59 Suffolk.............100 104$ 100 1071 101' 107$ 103 105 102 1064 104.1. 106$ 101 1054 1003 110 103 1114 109 111$ 109 110 108 115 106 Traders'......... 103...................................... New,1831 106 100 108 103 1051 103 106 Tremont..............103 103 103 1 104 1 103 1 02 94.1 108 974 102 87 105 951 1074 104 1071 101 105 102 1052 o Union.1.............. 103 1.03- 108 103'1 1074 105 108 103 106, 102- 1054 100 103 100 1064 10310061... 1064 102 United States....... 111 102 121 137$ 121 112 1194 112 1234 117 124'- 118 123 120 130 117 130 124$ 129 107 114 1021 Washington.......... 10)......... New. 104 100 105 102' 1046 101, 104 101 106 100$ 105. 1 103 100 103 100 00 1 Banks are all quotcl per cent on $100, except Boston after 1822, and State after 1817. t Boston }ar reduced from 100 to 75 In 1817, and to $50 Q ~trj Q Ca V V Ca cb BOSTON BANK STOCKS. Presenting the Highest and Lowest Prices each year from 1835 to 1844, inclusive. BOSTON BANKS, 1835 to 1845. American, - - Atlantic, - - Atlas, - - Boston, - City, - Columbian, - Commercial, - Commonwealth, - Eagle, - Franklin, - Freeman's, - Fulton, - - Globe, - - Granite, Hamilton, - Hlancock, - Rilby,. Lafayette, - - - Market, Massachusetts, - - Mechanics, -,Merchants, - Middling Interest, New England, North, - Oriental, Shawmut, - Shoe and Leather, South, - State, Suffolk, Traders, - - - Tremont, Union, - - Washington, Par. 1835. Ia83. I 1837. I 1838. I 18.9.! 184f. 1 1841. 1842. 1843....... I Highest and Highest and Highest and| Lowest. Lo west. Lowest. i 100 100 100 50 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 250 100 100 100 100 100 100 100 10 100 60 100 100 100 100 100 106 101 107 104 109 105* 56 54L 109 107 108 106 106 100 110 106 109 106 107 103 102 94 111 109 103 98 108* 106 103 96 1061 103 112 107 111 107 106 101 107 103 New, (1836 105 li0 641 61 118 112* 107 104 107 103 106 108 105 102 105 96 1;6 100 106 81 55 493 107 99 107l 102 101 95 108 106 107 102 103 t8 New. 101 81 108 102 100 84* 107 1021 100 93 New. New. 104 94 102* 96 100 87 109 101 New. 110 103 106 908 103 90 New. 100 92 102 92 63 53 119 117 105} 97 104 93* 104 95 103 96 100 '04 98 54 104j 101 98 105 1041 92 100 98 106 97J 100 97 90 96 97 101 97 107 100 104 102 100 98 94 98 59 125 102 1068 103 102 87 86 79 49 93 90 70 95 95 70 98 69 91J 80 95 70 75 80 79| 94 91 93 951 89 61 78 83, 81 53 120 90 90 92 92 Highest and Lowest. 93 54 96 82 85 72 54 50 101 90 101 94 80 50 101 1025 100 Failed, 1837. 100 95 75 105 98* 93 82 101 90 75 46 85 Failed, 1837 92 62 101 94 91 90 103 95 100 104 98 99 79 -67 50 93 76* 99 89 90 86 60 654 125 111* 97 90 98 8;r 102 94 96 911 Failed, 1838 95 79 87 79 54- 49 103 83 104* 96 Stop'd, 1838 Failed, 1838 104 91 97 947 Failed. 1838. 106 96 95 75 103 90 Stop'd,1838. Failed, 1838 89 60 100 92 92 81 107 90 1(0 106 92 97 78 Stop'd, 1838. 96 71 101 831 85 * 60 -59 60 110 *993 97 76i 96,51 102* 90 96 91...... I... Highest andj Highest and Highest and Higheat and Highest and Lowest. i Lowest. Lowest. Lowest. Lowest. 1844 Highest and Lowest. 931 80 98 81 54* 51 95 84 103 101 95 83* 102* 99 71 541 1)1 933 95 85 103* 95 Failed, 1839 105 100* 96 86 91 80 102 89* 83 64 658 - 54 114 107i 96 84 98 87* 104 96 91 90............ 92' 86 96 87 54* 53 97 86 105 100............ 102. 95 992 96 'i6..... i66' 104 100 931 88 103 100.............65'... 100 97 93 87 106 100 'i6...... i66' 106 100 94 81 90 83 105 993 86 79 60 55 121* 116 95 70 100 90 104 102 93 883 88 80 91 82 64 50 88 77 100 98 90 s85 100 96............. 106 964 87 74 99} 94 62 659 96 94 85 64 105 96 101 93* 80 76 58 528 116 112 -73* 65 92 79 *102 97* 91* 84............ 96 82 94* 85 58 54 95 793 102* 99 101 95 91 79 101 97J. 2 60 98 93 80 70 105* 99 10io""95 90 81l 89. 83 102 94 CloFed up. 60 66 121* 114 96 72 90 84 108 97 89 80j 98 94 98 94 658 57J 97 95. 103 100o............ t 102 o00 2i 103 1024.....io..... 96 93 105i 100 78 71 97 95 co 91 82 108* 104 118 93 90 938 90 103* 101 125 118 94 89* 96 92 104 101 90 83 # The Suffolk sold at 993 in 1839, which is the only time it fell below par during the period of twenty years comprised in our tables. BOSTON BANK STOCKS. Presenting the Highest and Lowest Prices each year from 1845 to 1855. 1845. 1846. 1847. 1848. 1849. 1850. 1851. 1852. 153. 1854. BOirroN BA&Nxs, Com1845 to 185. menc- Par. Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and ed. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Atlantic, 1828 100 102 94 101 ' 89 99 96 101 88 103 95 113 102 112- 108' 114 108 116 110* 122 104*t Atlas, - - -1834 1 00 101 97 101k 92 98 90 96 90 100 93 103 97 103 9S 107 100* 108 101 107 99 Blackatone, - 1851 100 - - New, 1851. - 97 19 97k 109 1038 109 96 -Boston, 18 - 180 50 60 57 60 53 68 52 54 50 58 52 591 54 60 55* 58 556 59 5 60 55 Boylston, - 1845 10) New 101 94k 104 97 100 971 104 98 108 100 110 106' 117 108 117 1061 118 109 Broadway, - - 1853 100 - - New, 1853. 100 106 100 City,- - - -1822 100 103 95 103 99 101 90 97 90 102 92 104 100 106 100* 108 102 108 102k 107 100 Cochituate, - -1849 100 - Nw, 1849. 100 103 100 104 98 105 98 103 100 Failed. Columbian, - - 1822 100 103k 100 103 97 101 87 96 85 100 93 103 97 104 99* 108 100" 106 100 108 100 Commerce, - - - 1850 100 - - - - New, 1850. - 100 106 98' 109 99k 109 102* 107 95 Eagle, - - - - 1822 100 105k 101 106 100 103k 95 96 91 1021 91 106 100 109 100' 108k 103 110 105* 109 10a Eliot, - - - 185 100 - - - - - - - - New, 1853. 101 100 103 95 Exchange, - - - 1847 100 - - New 1847 98 90 96k 90 102 93 106 100 109 101- 111 104 112 1C8* 112 105k Faneuil Hall, - - 1851New, 1851. - 97 108 97k 108k 104* 108 100 Freeman's,- - - 1836 100 108 102 106 102 105 103 1053 100 107 100 109 161 110 106* 113 108* 114 110* 118 112 Globe, - - 1824 100 108 103i 106 102 105+ 100 101 98 107 101 113 104} 113 106* 115 109' 115 110* 118 108 Granite, - - - 1833 100 101 95 103 96 99 94 98 90 101 90 105 98 105 99* 108 101 108k 102 107 98 Grocers, - -1848 100 New, 1848. 100 86k 101 85 102 93 105k 98' 108k 100 108k 102* 107 92 Hamilton, - - 1832 100 103 uO 10 100 101 93 101 96 100 95 109k 99 109 102* 114 108* 114 110* 113 108 Howard Banking Co. - 1853 - - - - - - -New, 1853. 101k 99 103k 92 Market, - - 1832 70 78 70 77k 75 79 75 76k 73 80 74 86 79 85 82* 88 83* 88 84' 90 82 Masachusetts, - 1784 250 107 95 102 90 98 95 96 94 98 90 103 93 103 96 104 100 104 100 104 100 Maverick, - - 1854 100 - - - - - - - New, 1854. 100 95 Mechanics, - - 1836 100 98 75 98 75 102 90 102 90 (10 91 105 100 106 99* 112 103 112 108* 120 104 Merchants, - - - 1831 100 110 105 106 101k 105 98 102k 98 108 101 110 106 112 107' 115 108 115 105k 112k 103 National, - - - 1853 100 - - - - New, 1853. 102 100 10- 98 New England, - - 1813 100 105 101 105 100 104 95 101 97 107 101 113[ 105 112 106' 114 108 114 109* 113 106* North, - - - 1825 100 100 91 99 92 97 93 94 89 97 90 103 94 103 99* 107 100k 107 1(3 106k 98 North America, - 1850 100 -New, 1850 101 100 104 98* 109 101 1'9 101* 107 100 Shawmut, - - 1836 100 98 91 97 90 97 90 91 88 99 91 106 98 106 104 111 105IO 112 1065 11 1001: Shoe and Leather, - 1836 100 104 99 110 98 110 103 110 101 113 106 115 107 114 107* 114 109* 113 108 112 107 State,- - - -1811 6062 69 62 57k 60k 54 58 54 62 57 64k 60 65k 61 66 62 65 62 65 60 Suffolk, - - 1818 100 128 124 128 120 126 119 125 120 130 120 135 123 139 134* 140 t122 135 130 133 127 Traders, - -1831 100 100 91 100 90 99 90k 96 85 101 93 105k 98 106 98* 111 99 107 102 107 99 Tremont, - 1814 100 101 93 101 94 100 93 94k 90 102 95 106 95k 107k 102' 114 107 113 108 112 105 Uniun, - - 1792 100 106 103 105 100k 103 99 100 95 1022 99 109k 100 111 106* 114k 108 113 109* 113 106 Washington, - 1825 1001100 90 981 93 97k 88 93 88 96 90 100k 94 104 980 106 100 105 100* 104 98 Webster, - - 1853 100 - - - - - - New, 1858. 105 101 107 99 RT- For prices in detail, during the year 1870, see Appendix.* Ex-dividend. t Suffolk stock fell in April, 1852, to 122k, in consequence of the defalcation of over $200,000; but the price soon rallied again, as the same dividends (5 per cent.) were regularly continued. t The Atlantic Bank paid 10 per cent. extra dividend April, 1854; Boylston, 6, May, 1853; Mechanics. 12+, October, 1854, and Shawmut, 8 per cent. July, 1854, which accounts for the great variation in prices during those years. BOSTON BANKS. Semi-Annual Dividends, from their commencement to the present time, 1785 to 1871. [The following dividends are made up from the official records of each bank.] BosTON BANIS. New. 1785. 1786. '1787. 1788. 1789. 1790. 1791. 1792. 1793 1794. 1795. 1796. 1797. 1798. 1799. 1800. Massachusetts......... 1784 4 56 0 21 33 3 4 ' 3 4 5 *4-j 6 9 10 *6 * 4 *4 4 4 44 41 4 4- 4~ 4" 414 4 4 4i Uniou,............... 1792............................ 4 4 4 4 4 5 5 5 4 4 4 4 4 Commenced. 1801 1802. 1803. 1804 1805. 1806. 1807. 1808. 1809. 1810. 1811. 1812. 1813 1814. 1815. Masachusetts,. 1784,. July 5, 4UI 4*41 4444 4 4 4 4 34 4 34 43 31 314 4 334 4 4 342 24 3 3 0 3 Union,... 1792, October, 44 44 6 4 4 3 4 3383 8 3 4 33 3 3 4 4 44 3 3 2 21 2 2 2 2 Boston1,..............1803, June 27 3 4 4 34 4 3 4 4 4 3 4 2 2 2 2 New England........ 1813, Oct. 5,.... St.te. 18,............3 3 3 3 Tremont,.......... lt 1814, April 16, 2 29 2........... 2 T em on............. 1814, April 16............................8.................................1 1823... 1 BOBTON BANKS. New. 1816. 181. 1818. 1819. 1820 186 1817. 1818. 1819. 1820. 1821. 1822 1823. 1824. 11825 1826 1827. 1828 1829. 1830. Average. 8I5 1 1 _. ___.,_ It 0l C. CO a;1 Atlantic, 1828, April 2i 2 4 1I 24 1 46 Boston,......... 1803 1 3 3 4 4 3^ 24-102 24 2~ 2 410 24 2 2 1 0 3 63 City,.1822, April 29,....................................... 1 2 3 3 1 31 6,n.......... 2, 3 3''.. Columbian. 1822, April 23,..............4 3 3 2 3 3 2 2 5.7 E.gle,. 1822, April 27,...................................... 4 2 3 3 3 3 3 3 3 3 3 3 3 33 6.1 Glube., 1824, Sept6. 6........ 2 2' i4 2 3 2 22 3 3 2 3 3 2624 3 5.4 Massachusetts......: 1784 3 3 3 3 133 333 3323 5 21 33 31-6 31.5 3 3 31- 3 3 3 3 23311 21- 2 2 2 2 5.5 New England..... 1813 3 3 3 33 4 4 4 3 3 3 44 33 3 13 3330 3 33 33 33 3 6.1.o..o................... 3 North................. 5, Oct.. 4........ 2 31 3 33 341 3 3 34 State. 1811 |2 4 2 3 4 31 32 3 3 3 2 2 2 2 2 3 3 3 3 2 3 2 2 2 24 2 3 2 0 2 2.} 54 Suffolk1, i818,Aprl3 3 4 32 3. 2 3 2 3 3 23 33 3 3 j 57 Tremonte............... 1814 3 23 23 3 33 3 3 3 3.1 1 1 1 3 343 2 2~ 3 0 3 3 11 1I 1 4.5 Uuion,... 1 2 2. 21 3 31 3 3 2. 2 22 2 3 2 2 2 2 2 2 3 2 22 22 5.2 21 4 2 1-5 3 33 3 2[2 2 3.2 2 n ion 1, 1 9 2 2 4 Washington.................................. 4 3 0 3 32 1 i 2} 4.6 * Extra dividends have been made by the Atlantic. Boylston, Massmchusetts, Mechanics, Shawmut, Shoe and Leather Dealers, State, and Suffolk banks, the details of which will be found in the notes, under the head of the respective banks. SEMI-ANNUAL BANK DIVIDENDS-CONTINUED. 1831 to 1846. BOSTON BANKS. 1881. 1832. Atlantic,......... 0 3 3 3 Atlas,................New, June 4, 1834. Boston,.............. 3 3 City, 3 3 3 3 Eagle,........... 3 3 Freman,...... New, ept. 1, 1836 Globe,..... 3 3 3 3 Granite,............ New, Sept. 18,18.33 Hlamilton....... New, Mar 7, '32 I 2 Market,............ New, Oct. 8, 1832. Massachusetts,....... 2 2 1| 2 2-5 21 Mechanics,........... New, Aug 18,1836. Merchants,...........New, July 1 4 3 New England,......... 3 3 3 3 North,.............. 3 3 3. 3 Shawmut,............New, Oct. 7, 1836 Shoe and Leather,..... New, Aug 1, 1836 State,. 2 2 \ 23 23 Suffolk.............. 3 3 Traders............ New,Junel 41 3 Tremont,............ 3 2 Union............... 21 2 2 2 Washington,.......... 2 2 24 2 1833. 1i 18 183. 3 1836. 1 1837. 1838............'..4 33 3 0 00 0 3 34 34 84 3 31 34 34 3~ 3 3 31 3 3 3 3 3 3~ 3 31 31 3 3 31 3 33 3 3 3 3 3 3 33 3 3 3 3 2 3 3 3 4 3 3 3 3................................ 3 3 3 338 3 3 3 3 4 34 3 3 3......... 3 j 4 0 3 3 3 3 3 0 31 3 3 3 3 3 3 33 30 3 3 3i 3 3! 3 3 3 3 3 3 0 3 3 24 2^ 2 2 4 2 1 2 1 0~ 31 21 2 2k........ 3 3 21 3: 3 3 31 3 34 3 38 4 3 3 31 3 3 3 31 3 3 3 44 3 3 3 3i 313 3 0 i3 3 8 3 3 1 2 23 3 2 3 2 2, 2 *2 2k 32 3 3.~ 31; 4 4 4 44 6' 5 3 4 5 3 3 3 3:3 3 3 3 3 3 3 3 3 3 33 33 33 23 3 24 3 3 2 24 3 24 3 3 24 24 3 21 2*2 2 23 3 12 3 1 22 2 24 1839. ) 0 31 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 21 2 2 3 3 3 33 3 3 3 3 3 3 32 3 5 3 6 33 3 3 3 3 3 3 8 3 1840.I 1841. 1842. 0 2 3 3 3 3 0 2 2 24 2 24 k1 3 31 31 o3 3 23 3 3 0 0 0 2 33 3 3 3 3 3 3 3 3 8 0 0 3 3 3 4 3k 3k 3 3 3 3 3 3 12 24)' 3 24 2 3 38 3 3.3 3 0 0 0 34 3 3 24 2i 3 3 24-5 24-5 3 3 3 3 3 2 l4 3 1 34; 33 3 4 3k 34 3 33 33 3 3 3 0 3 2 221 0 2 10 313 3 3 3 1 3 33L1 3 34, 34 3 }21 3,21 2 I3 3 14 414 4 4 4 13 3 3 0 0 0 3 3,3 3 3 0 1 3 3 3 3 3 3 12 22 2 2 2 1848.' 3 2 2 2 31 31 2 1 3 2 3 2 3* 31 3 3 3 2 3 2 3 3 24-5 2 243 3 3 3 3 2 2 2i 2 3 3 3 2 4 4 1844. 1845. 24 21 3 3 033 3 2 21 2* 3 21 3 3 34 3 318 3 3 3 33 3 2 3 3 33 233 3 I2 241 3 3 3 3 4 4 2 2*424-5 3 I3 31 31 3 3 31 3 1 23 3 3 3 3 3 3 3* 2 2 3 3 4 4 4 4 2 3 3 3 2 21 3 3 3 3 2 2! 3 3 Il 2 L 24 Av'ge. 62 34 68 52 57 56 6.5 61 5 58 5.2 5 6 6.8 61 5 52 66 53 7.8 5 55 56 4.9 b o te Q LA l c~.;a f. gb I C4 11 Tc.;i ect 0 2 3 1i 0 22 2 2 * The dividend paid in October, 1836, by the State Bank, was 7k per cent., 5 being extra for the proceeds of real estate sold, and 21 from the earnings of the bank for 6 months. DIVIDEBDS IN 1837 —In the latter part of this year and in 1838 dividends were smaller in consequence of the suspension of specie payments, as the banks, even if they earned it, (which is doubtlul,) did not think proper to pay higher dividends than at the legal rate of 6 per cent. per annium, while they were unwilling to redeem their bills at the counter. BANKING CAPITAL OF MASSACnGSETTS.-In 1803, it was $2,225,000. Ftom 1803 to 1816, increased to $11475,000; reduced the following year to $9,298,000. From 1817 to 1820, increased to $10,600,000; reduced the next year to $9,800,000. From 1821 to 1829, increased to $20,420,000; reduced within the next year to $19,295,000. From 1830 to 1837, increased to $3b 280,000. From 1837 to December, 1844, reduced to $30,020,000. I he reduction of bank capital from December, 1841, to December, 1842, one year, was $1,650,000. v SEMI-ANNUAL BANK DIVIDENDS-CONTINUED. 1846 to 1856. Also presenting the year when each bank commenced, the original and present capital, with the actual surplus Oct. 1854 and Oct. 1856, after paying the dividends at those periods, and exclusive of unearned discounts, exempting the Columbian, National, and N. America, which include that item, equal to about one per ct. on the capital When Original Capital, Sur Surplus, Surplus, 18. 1 848 1849... I 5 ~BOSO BNB new. Capital. Jan 1856 Oct. 185. Oct. 1855. _ 1 - - 151 852 ~-~~~~~ I''I- t~.-~~'- '~ _" _ t' ~ ~ Atlantic.............. Atlas,.......... Blackstone,........... Boston, (par 50).... Boy lston,*............ Broadway,............ City,................ C4ochituate,........... Columbian,.......... Commere,........... Eagle................ Eliot,................ Exchange,............ Faneuil Hall,......... Freeman's,........... Globe................ Granite,.............. Grooers,S............. Hamilton,............ Howard, Market, (par 70)...... Massachusette, (p:r 250) Maverick, (E. Boston,) Mechanics, (S. Boston) Merchanr,........... National,............. New England,........ North,.............. North America,....... Shawmut,............ Shoe and Leather,..... State, (par 60)......... Suffolk............... Traders,............. Tremont,............. Union,............... Washington.......... Webster,............. 1828 1834 1851 18i13 1845 1853 1822 1849 1822 1851 1822 1853 1847 1851 1836 1824 1833 1818 1832 1853 1832 1784 1854 1836 1831 1853 1813 1825 1850 1836 1836 1811 1818 1831 1814 1792 1825 1853 $500,000 500.000 250,0)( 1,800.000 150,000 50,1)00 500,0(0 150,000 500,000 750.000 500,0&0 300.000 500,000 150.000 500,000 500,(00 250,000 500,000 560,000 500,000 300,000 400.000 150.000 500,000 300,000 1,000,000 500,000 500,000 500,000 500,000 3,000,000 500,000 600,000 750,000 1,200,000 500,000 1,500,000 $500,000 $32,853 500,000 45,658 750.000 25,048 900,000 86,752 400,010 30 190 150.000 500 1.000,000 94,000 Failed, Ap.15,1854 750 000 30,837 2.0,00,000 80,000 700 000 61,0()0 600,000 6.000 1,000,0(0 126,686 600.000 28 555 400,000 46.500 1,000,00 156,000 900,000 53,000 750,000 27.500 500,00 80,500 500.000 6,000 560.0,0 96,040 800,000 40.406 400,000 New. 250,000 5,000 4,000,000 265,000 750,000 11,935 1,000.000 65,824 750,000 62,815 750,000 36.582 750,000 27,620 1,000.000 112,0100 1.800,000 192,718 1,000,000 184,600 600.000 43,364 1,250,000 40.000 1.000.000 96.398 750,000 4u,239 1,500,000 21,143 $32,192 49,860 23.653 98,347 28,882 703 99,440 80,000 66000 12,325 135.436 36,526 50,000 165.000 58.800 31.000 87,000 12.998 91,400 53.459 8.500 10,00 281,099 21.090 158,560 66.009 41,247 28,266 130.000 211,428 200.093 47,624 140.000 93,582 50.317 39,332 3 3 3 35 3 33 31 New, Sept. 1851. 3) 3| 3) 312 6 | 4 4 New, Dec. 20.1853. 8 3 1 3 3 New, Nov 10,1849. 3 3 1 3 3 New, Aug. 2,186) 3k 3 1 3 3) New, Oct. 6.1853 New, July 15,1847. New, Sept. 1851. 4 4 4 4 3 31 31 31 3i 31 3 31 New, Sept 12,1848' 3k 3} 1 35 3~ New, Aug. 23, 1853. 4' 41 | 41 5 3 3 3 3 New, Sept 14,1854. 4 4 4 4 3k 3k1 31 31 New, Aug. 1; 1853 3 3 4 4 3 3 1 3 3 New, ct 7, 1850. 3 3 3 4 3k 4 4 4 3 3 3 3 4 4 5 5 3 3 3 31 3 3 3 3 3 3 3 3 New, Aug 15,1863. 31 3 3 31 4 4 4 4 44 3 4' 3 3.... 3 3 4 4 4 4 3 3 3'3^4 4t 4 3 32 5 5 3 4 3 3 3 3 4 4 3k 3k 4 4 4 4 38 3 4 4 3 3 44 4 4 *44 3 34 4 4 3 3) 3 3..... 44 44 4 414 4 3) 31 3) 3 3444 8,uos 5 4 3) 3k 3i 31 4 4 4 3) 3-/ 3} 31 4 41 4 4 3k 3k] 4 4 3 " 5 5 4 4 4 41 44 44 3 3k 35 35...... I 3.3. 44 44 454 4 4 3 3 3k 3) 5 5 5 5 4t 4 4 4 4 4 4 4444 4 414 4 3333....... 4 4 31 3 3 41 4 4 4~ 41 3k 3 4 4 3k 3 4 4 3 4 4 4 4 4 4 4 4 4 5"o 3 3.'i". 4 4 4 4 4 4. 4 4 35 3 4 4 4 4 4 4 3 3 I...... 1853. 4 4 3k 3k1 4 4 4 4 t4~ 5 9 mOn 31 31 4 4 3 3k 4 4 3k 4 4 4 4 4 4k 41 4 4 4 4 4 4 '5 5' 3 3 4 4 4 4 44 4 4 4 4 31 3k 5 5 4 4 4 4 4 4 3 83...... 1854. 1855. Aver1855. age. 4 4 4 3 3k 4 4 4 4 4 4 4 44 4 4 4 4 4 4 5 41 4l - 6 4 4 42ail...... 4 4 4 4 4 4 4 4 4 34 34 31 4 4 4 4 4 4 4 4 ~44 56 6 5 4 4 4 4 4 34 438 34 4 4 4 3) 4 4 4 4 4 4 4 4 4 4 4 4 4 4 14 4 31 -4 4 4 4 4 4 4 4 3.. 31 31 3 4 4 34 4 75 69 8 78 8.9 8 6.8 8 67 8 7.2 8 9 7.7 72 8 7.5 8 98 61 66 8 7.8 78 78 68 7.6 76 8.2 6.7 9.8 7.6 75 76 6.6 7 es do s.;a Ce c: * The Boylston Bank commenced operations December, 1846. First dividend for 9 months. t Extra dividends were made in the year, marked thuls (t) See Notes. $ Nsw ENGLAND AND TaEMONT.-These banks have surplus invested in real estate, probably $100,000 each, in addition to the items above. The other banks include m their real estate in the surplus, but generally at a low market value. j Grocers Bank stopped by an injunc ion Nov. 30. 185. -< BOSTON NATIONAL BANK STOCKS. Highest and Lowest Prices for fifteen years, -1855 to 1870. 1855. 1856. 1857. 1858. 1859. 1860. 3861. 1862. BOSTON BANKS, 1863. 1864. 1865. 1866. I 1867. 1868. 1869., Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. 1855 to 1870. Par Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. 96 108S 99 1074: 97 106 98 105 56 60 *108 114 100 104 100 107 100 108 95 105, ~*103 109 95 104 105k 114 103 110o 112 118 110 117 110 116 92 103 82 89 100 104 90 99 104 110 103 1104 137 112 99 105 100 1061 97i 1063 100106 107 1124 61 664 122 1301 100 105 105 113 106 113 98 106 99 1061 *92 99 104 110 *102 108 *99o 103 584 61 *109 115 98 103 *104 108 *103 108 *993 103 *106 112 984 1034 *12s l10 *106 112 1ii4 120 *115 120 114 120 94 1004 *83 83 *100 104 90 95 '106 110 104 1092 *1,ib06 '109' *981 104 *100l 106 *97 100 *102 1064 *109 116 *644 674 124 131 *102 106. *109 116 *110 114 *102 1051 *102 106! 871 101O 95 110 88 -1084 88 103 53 60 101 116 90 105 89 1071 93 109 75 104 i03 112 85 103 104 123 100 112 106 12O 105 123 106 120 New,1858, 80 994 74 87 96 104 78 941, 102 112 75 1074 99 114 87 1014 85 1051 85 102 87 108 105 119 59 69 120 132 85 105 99 1141 100 114 95 108 85 1054 90 107 100 111 98 107 89 103 56 611 106 116 95 101 99 108l oo00 109 94 105~ 107 115 96 107 114 125 103 113j Ncw,1859. 110 120 112 120 112 123 ]93 105 85 103 79 85 100 110 85 909 105 116 97 105!New,1858. i ii;'ii.' 110 116 90 100o 95 1054 New,1859. 93 103 97 107A, 112 123 64 72] 125 135 94 102' 109 1151 106 114 100 110 100 1071 *104 109 104 110 '104 108 *100 104J *60 624 116 121 971 101 *104 108' *106 109! 1014 106] New,1860, 'lll 115 *104 111 124 134 *111 116 100 104) *114 118' *115 120 *120 126J 102} 1074 *101 1051 764 83 *105 110 *98 103 *111 116 *100 106 New,1860 110 116 97 1001 101 105 New,1860 100 1014 *100 105 *121 128j 67 714 *125 133 *98 102 *113 118 *1 0 115 *107 112 103,t 1091 100 ill 105 1144 100 i11 97 106) 621 661 118 1241. 95 101 103 112 100 112 100 111 90 100 10O5 116 100 110o 124 136 113 118 983 1061 116 121, 1124 124 123 131 993 1104 iooj 110 69 815 100l 125 98 106' 111 1171 96 106 85 100 106 117 973 132 102 109 95 1044 97 106Q 971 105 1204 1294 64 72 121 1324 98 103! 113 1213 110 117 lO1 112 102 1113 75 102 941 112 90 110 844 1031 57 654 103 122 85 100 95 108 98 111 891 l09 90 103 100 *111' 900 109 105 130 1024 118 90 10:1' 90 119 102 120 116 130 86 1051 844 106 63 78J 100 109 85 103 105 120 81 102 75 100 99 111iii 85 102 90 109 87 103 90 103 97 110' 85 102 111 130 60 70o 116 131 85 102 103 121 102 117 95 109 90 109N 75 88 94 105 94 1021 824 95 58 66 107 115 88 100 93 1031 96 1111 914 104 89 954 100 1084 93o 103 105 122 107' 115 95 102 90 100 1073 1231 1164 131] 90 101 93 102) 67 75 100l 104 85 101 105 112 83 963 80 92 103 1104 824.94 94 103 88 98), 90 1044 0'i06 "18 864 96 113 1264 61 71 120 145J 69.L '87 105o 114 106 114 95 1044 93 1035 Atlantic National.... Atlas National....... Blackstone National.. Boston National...... (Old) Boston National: Boylston National.... Broadway National.. City (National)....... Columbian National.. Commerce (Na. B. of) Continental National, Eagle (National)..... Eliot National........ Everett National. - Exchange (National). Faneuil Hall National, First National....... Freeman's National.. Globe National....... Hamilton National... tide & Leather (Nat.) Howard National.... Market National..... Massachusetts Nat'l.. Maverick National... Mechanics' National.. Merchants' National.. Mount Vernon Nat'l.. Nat. B'k of Rcdemp'n, National Security.... New England Nat'l... North National....... N. America (Na. B. of: People's National.... Republic (N.B. of the) Revere (National).... Rockland (National).. Second National...... Shawmut National... Shoe & Leather Nat'l, State National....... Suffolk National...... Third National...... Traders' National.... Tremont National.... Union (National)..... Washington National, Webster (Nation al)... 100 100 100 100 50 100 100 100 100 1100 1CO 100 100 101 100 100 100 100 100 100oo 100 100 100 250 100 100 100 100 100 100 |100 |100 100 100 100 100 I100 100 3100 100 100 100 100 100 100 100 100 80 95 100 1035 991 108 88 96 621 714 112 118] 94 102! 100 105, 109 113 100 105 f6 1021 107 116 97 103.) 1124 122] 99 105! 95 301i 123 1290 131 142 100 106j 99 104 69 734 104 109) 90o 100 107 113 93 1004 92 101......Not 1074 1164 90 1004 97 104 101 106 934 99 103 1074 112 114 107} 1151 86 992 124 130! 68 724 142 147 New, '64. 79} 90.] 112 118 113 121' 1004 104' 101 107 94 110 99 ]1211 1044 120 90 102 63 94.! 113 125' 94 104 1(3 123 1061 131 100 117' 971 105' 109 135 984 110 18 1350 120 140 102 125 971 115 128 141 127 1561 105 *1154 98} 1123 t72 103A 106 135 90 1054 108 114 994 114A 97 110' quoted. 112 125 964 1141 97 110 1024 110 98 1031 104 118 101! 1173 1121 1304 96 10514 129 1564 63 90 147 242 95 1014 904 103 112 148 1124 140 100 1257 100 115' 974 111 *97 123 105 117 964 103 *60 83 *1174 130 98 103 98} 1084 *105 140 105 116 101 110 *108 1684 103i 112 New. 100 1254 134 *115 169 120 136 *104 130 *1181 150 *112} 174 115 o 130 *934 113 98 lo06 *107 160 92} 107 *100 124 102 118t *1014 116 100} 1084 *110 125 961 105 *95 125 105 112 1021 115 *113} 130 114 120 120 1401, *973 107 *1234 150 67 f105 113 123 97 109 884 105 *105 146 *108} 140 105 125 102 115 105 130 1114 1214 104 120 110 123 115 130 119 131' 102 320 108 121 60} 71 63 684 125 146 131 141 00 110; 105 1153 103 112 *104L 110 106 119 113 121 110 1231 112, 121 102 120 1 07 120 110 120 110 120 108 125k 103 122 944 103 99 1141 128 144 140 148 118 1345 125 135 132 1521*144 160 110 121: 120 131 120 1351 120 1313 112, 125 1s18 128 127 144 4 1333 150 98 111 103 110' 102 115 105 Ii31 107 120 1 115 125! 98 107 j 100 1094 103 115 *107 117 106} 1231 1041 122! 100 125 90 1211 100 1144} 1081 1161... New, Feb. 1,'68. 115 129 1235 131 100 120 108 1173 98 108: 102 1094 110 115 115 125 112 130 125 136 1191 139 ) 128 136 121 1254 125 135 133 153 *127} 1514 1031 117 105 1201 127 141 121 133 103 114 80 112 112 121 i 1113 120 100 I514 108 112! 921 1033 971 105 110( 125 I 113 123! 112 128}' 1174 127 112 126! 119 123 103 1144' 103 Ilt 120 1293 1111 1211 126} 139 115} 140 64 744 135 147 109 117 1043 109 112 123 1154 130 110 123 110 120' 1054 115' 102 11o0' 1421 156 12A5 1301 160 172' 121 141 120 1324 1194 129 874152 106 116 104 113 1174 125 105 1121 110 120 114 12741 109 1243 109 1326G 100 104 125 135.' 110o 1203 1334 1104 120 131 130 143 133 1443 130 142 1413 1564 105 120 125 1333. 102} 1141 114 125.1 110 129 974 1054 115: 127 1214 1313 121 137! 1044 11841 1203 131 1121 125 1271 153 105 114 621 70 1424 156 116 125 1044 115 115 126 1154 128 110 117 112 121 109 1171 106} 113 150 156} 128 133 164 172 126 152 120t 135 118. 127 95 113 1003 117 108 117; 1171 126 1074 1184 115 124 1153 125 1141 1204 1164 135 100 108 125 1361 11111 1254 1063 1133 *125 148 118 160 116 150j 140 1553 13041 1564 113 125 130 141 104 115t 1173 125} 121 133 994 1094 120 127 128} 135 130 144} 101 113} bj I Q, Q. I bj CZZ * Ex-dividend. t Market, par charged from 70 to 100, in 1864; and State, 60 to 100, in 1865. (See notes.) I For prices in detail during the year 1870, see Appendix. SEMI-ANNUAL BANK DIVIDENDS. 1856 to 1871. ~ ~ ~ When When made New. National. 1828 1865, Feb. 1 1334 1865, Feb. 1 1851 1864, Sept. 19 1832 1865. Jan. 1 1853 1864, May 18 1803 1865, May 1 1845 1864. Dec. 1 185:3 1865, Feb. 18322 1865, Jan. 1 1822 1865, April 1 185 ) 1864, Nov. 17 1830 1864, Oct. 1 1822 1865, May 1 1853 1864, Nov. 1 1835 1865, July 24 1847 1864, Nov. 1 1851 1865, April 1 1853 1864, Feb. 1 1835 1865, Feb. 1 1824 1865, May 1 1832 1865, March 1 1858 184, June 27 1853 1865, Jan. 1 1832 1864, Sept. 19 1784 1865, May 1 1854 1865, Feb. 1 1836 18G5, May 1 1831 1864, July 18 1860 1865, March 1 1858 1864, Oct. 1 1868 1868, Feb. 1 1813 1865, Feb. 1 1825 1864, Oct. 20 1850 1865, Jan. 1 1333 1865, Jan. 1 1860 1864, April 2 1859 1865, July 1 1353 1865, Jan. 1 18.33 1864, March22 1836 1865. Jan. 1 1836 1865, Feb. 1 1811 1805, May 1 1813 1865, Jan. 1 1334 1364, April 1 1831 1865, June 27 ]31t 1865, Jan. 1 1792 1865, May 1 18'5 1865, Jan. 1 I13 1865, Sept. 1 riinal Capital 8711856. 1857. 1858. 1859. Capital. Ja., 1871. 600,000 500,000 250,000 100,000 300,003 1,800,000 150,000 60,000 500,000 500,000 750,000 300,000 500,000 300,000 200,003 500,000 500,000 600,003 150,003 500,003 500,000 1,000,030 500,000 500,000 300,000 400,000 150,030 500,003 200,000 500,000 200,030 1,000,000 500,033 500,030 100,000 650,000 600,000 100,000 600,003 600,003 500,000 3,003,000 500,000 300,000 500,000 750,000 1,200,030 500,000 1,500,090 I 750,000 1,500,000 1,500,000 200,000 1,000.000 900,000 500,000 200,000 1.000,000 1,000,000 2,003,003 1,000,000 1,003,00 1,093, 03 2:)0,000 1,033,00 1,000,003 1,000,000 600,000 1,000,003 750,000 1,500,000 1,000,000 800 000 800,000 400,003 250,000 3,000,003 200,033 1,000,033 200,033 1,003,000 1,00,000 1,000,000 300,000 1,500,000 2,000,000 300,030 1,600.000 1,003o000 1.000,000 2,030,000 1,5 0,030 300,003 600,030 2,003,000 1,000,000 750,000 1,500,0o0 I 3 3 4 4 4 4 4 4 34 3: 4 4 3 43 3 3 31 3! 3) 3. 44 31 3 5 5 4 4 New, 5 5 4 4 4 4 31 3' 52 52 $8 $8 31 3 4 4 4 4 New, 4 4 31 3' 3t 3! 4 44 New, 4 4 3i 3' 4 4 4t 4.! 3i 4 -6 5 4 31 4 4 4 4 371 31 I31 I 3 3 4 3a 4 4 4 4 3t 3a 4 4 4t 41 4 4' 3 31 3i 3.! 4 4 Ap. 13, 31 3 $8 $3 3 3, 5 5 4 4 55 4 4 Ap. 13, 31 3 5 5 $8 $8 3 3' 4 4 4 4 St? 3 4 4 4 34 31 37: 4 44 4 4 4 3' 3' 31 -- I ~I I 3 34 4 4 3} 34 31 31 4 4 34 34 4 4 41 41 3 3 3. 3' 3t 3 New 4 4 o' 3 5 5 4 4 1859. 4 4 4 4 4 4 '53. 3 3 3 4 4 $8 $8 3} 34 4 4 3} 3 New, 1858. 4 4 3 3 3 3 4 4 New, 1359. 3 3 4 3 4- 4~ 3 3" 4' 4 4 3, 3t 31 I 3} 34 4 4 33 31 4 42 31 3; 4 4 4} 4~ 3 3 3 3 3t 3] 3N 31 4 4 3 3 5 5 4 4. 4 4 4 4 4 4 4' 3 3 3 3., 3; 34 $8 $32 34 3 4 4 3 3 Nov. 1, 34 3' 3 3 3 3 4 4 Feb. 2.. 2 4 4 3 3 3 3 4} 4. 5 4 3 3 4 4 34 34 4 4 3t 3' I 1860. NATIONAL BANKS,.1860 BOSTON. 34 3 Atlantic National.... 4 4 Atlas National...... 31 3B Blackstone National.. 4 4 Blue Iill National... 34 3! Boston National..... 4 4 (Old) Boston National, 44 41 Boylston National.... 3 3.3roadway National.. 3} 3' City (National)...... 33 3~ Columbian National.. 3} 31 Commerce (Na. B. of) 1S80. Continental National. 4 3 Eaglo (National)..... 34 3 ' Eliot National............... Everett National..... 5 5 Exchange (National). 4 4 Faneuil HallNational, 3 3 First National........ 41 4' Freeman's National.. 4 4 Globe National....... 44 4! Hamilton National... 3 3 Hide & Leather (Nat.) 31 3 HIoward National... 32 4 Market National..... $8 $8 Massachusetts Nat'i.. 3} 3' Maverick National... 4 4T Mechanics' National.. 3 3 Merchants' National.. 1860. Mount Vcrnon Nat'l.... 2 Nat. B'kofRedemp'n,....... National Security.... 34 3t New England Nat'l... 3 3 North National....... 3} 3' N. America (Na. B. of) 4 4 People's National.... '60. 4 Republic (N. B. ofthe) 3 3 Revere (N tional).... 4 4 tockland (National).. 34 3' Second National..... 3 3 Shawmut National... 44 4 t Shoe &,Leather Nat'l, 34 3) State National....... 44 4llSuffolk National............. Third National....... 3 3 Traders' National.... 4 4 iTremont National.... 4 4 iUnion (National)..... 3 3 VWashington National, 3' 3 'Vebsptr (National).. Par 1861. 1862. 1863. I I I -I- I — I - 1864. I 100 3 0 100 4 3 100, 3 3 100 4 3 100 3 3 50! 4 4 100 4' 3' 100 3 3 100l 34 3 100: 34 3 100 3 3 ICO 2 3 100 3,t 3 100o s3 3 100...... 100 5 4 100 4 4 100! 3 3 10o 4 3 100 4 4 100 44 4 lOO 3 3 100: 3 3 1oo0 3 3 250 $ $8 -100.. 3 10012 2 100..... 100 3 L 3 100 3 3 100' 3 3 100 4 4 i00 3 2 100 3 2' 100 4 4 lOo 34 3 1003 3 100 44 4 100' 34 32 100 3 3 100 4 43 100'...... 100 3 3 100 4 3 100 4 3 100 3 3 loo 3t 3 I 3 2 3 3 3 3 3 3 0 0 4 4 4 4 3a 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 3 3 3 3 4 4 4 4 3 3 3 3 3 3 4 2 3 30 0 0 3 2 3 0 0 3 3 3 3 4 4 3 3 3 3 3 3 4 4 3 3 3 3 3. 3 3- 3 I i I 2 3 3 3 34 4 -3 3 3 3 4 4 4 4' 31 4 -3l 4 3 3 3 3 3 3 3t 4 3 3 New, 4 4 4 5 3 3. 3 3 4 4 4t 5 31 3 31 4 $8 $3 3 3' 4 4 3 3 31 3 0 4 4 4 3 3 3 3, 31 4 3 3' 3t 31 4 4 31 4 43 42 4 4 3~ 3 4 4 42 44 3 4 5 4 3 4 5 4 4 3 4 4 4 4 Jul 5 5 5 4 4 5 4 4 4 5 4 4 3' 4 5 4 ly 24 5 5 8 4 4 4 4 ~8 6 4 5 4 4 4 1 4 4 31 3' 4 4 31 4 4 4: 4 4 4 5 3 4 34 34 4 4 34 4 4 4 4 5 4 5 4 4 5 6 3)~13' 5 5 1864. 3 3 4 4:. ~10 4 4 4 4. 4 1865. 4 5 ~10 5 5 5 5 6 4 5 4 4 t3 15~ 5 51 6 5 4 9~ 5 5 1865. 5 6 ~55 5 6 6 4 25~ 23 12~. 5 57 5 6 4 5 4 4j 210 5 5 5 4 5 5 5 ~10 5 4 4 5 5 25s 4' o10 5 5 5 ~10 6 6 7 7 7). 4 5'1 5 6 4 4 01 5 8 4 3)- 3'1 4 5 4 10~ 6 6 8S 5 5 5 5 4 5 5 6 5 55 5 5 79 5 5 5 5 87} 5 6 6 6 96 5 5 5 5 80 44 4 4 73 5 5 5 6 93 7 7 7 7 112 5 5 5 5 89 44 4 4 751 5 5 5583 5 5 5 87 5 5 5 5 87 5 5 5 584} 5 5 5 5 87 3.4 4 4... 6 66 6106 5 f 5 5 95 56 6 6100 6 6 6 944 5 5 55 92 5 5 5 5 97 0 0 4 4 82} 5 5 4 4 84 5 5 5 5178 5 5 5 5 87 5 5 4 4 80 5 5 5 5 90} 5 5 55 85 5 5 5 5 78} 5 5 5 5 69 4 4 4 4.... 5 5 5 5 91 5 4 5 5 84 4 4}4 4 441 75 6 6210ot 6 86 5 s 5 5 5 84 6 4 4 4 92' 777 7 7 11G 6 6 6 6107 5 5 5 5 85t 5 6 6 6 109 4 4 4 4 73 5 5 5 5 884 4 4 4.... 4 4 4 561 5 5 5 00 5 5 5 5189 6 6 6 6 99 4 4 4 1801 1866. 1867. 1868. 1869. 1870.Ten -I 5 1 -I New, 5 5 5 5 4} 4' 5 5 5 5 6 6 7 7 7} 7' 5 5 6 6 4 4 4 4 4 4 3', 3' 5 51 5 5 6 6 5 4 44 4 k cA 3) 3. 5 5 5 5 6 6 4 4 34 4 5 5 5 5 6 6 5 4 -. 4 c c -I I I I VS For extra dividends, see notes. Bank dividends are payable April 1 and Oct. 1. t Columbian, in Suffolk, see notes. ~ Regular and extra, and latter not included in aggregate. (s) North America, in stock,,~~~~~ gold (worth 150), April 1, 1855. t Hamilton, Market, People's, and April, 1865, and Republic, March, 1869. 50 Notes on t/he Boston Stock Market. NOTES TO BANK DIVIDENDS.: FoR extra dividends since Jan., 1864, see page 53. Atlantic Bank. - Original capital, $500,000. Increased to 750,000, May 1, 1865. Extra dividend, 10 per cent, April, 1854. Atlas. - Orig. cap. $500,000. Inc. to 1,000,000, June 3, 1859, and to 1,500,000, Oct. 1, 1869. The omission of seven dividends (1836 to 1840) was fiom heavy losses by the failure of the Nahant Bank. Ten per cent, regular and extra, paid April 1, 1865. Bank of the Metropolis. - Orig. cap. $200,000. First bank under the General Banking Law of Mass. Commenced Nov. 9, 1858. Paid 2 per cent, April, 1859, and 3 per cent in Oct.; 1860, 4-4; 1861, 3.-34; 1862, 3.-3.. Prices of stock, 1858, par; 1859, 96 to 100; 18I0, 94 to 106; 1861, 85 to 1034; 1862, 93 to 100. The stock was bought up by Samuel A. Way, the old bank closed, and it is now managed as a private bank. Blackstone. - Orig. cap. $250,000. Inc. to 350,000 in 1853; 750,000, 1854; 1,000,000, Dec., 1864 (20 per cent stock dividend); and to 1,500,000, Oct. 4, 1869. Blue Hill, Dorchester. - Name changed from ")Dorchester and Milton," Feb. 26, 1851, after a heavy robbery. Orig. cap. $100.000. Inc. to 150,000, 1854, and to 200,000, July, 1865. This bank commenced July, 1832. The dividends in the table are only from 1856. Previously as follows:1833 1834 1835 1836 1837 1838 1839 1840 1841 1842 1843 1844 3.-31 3-3 3-3 3-34 34-3 3-3 3.-34 3-34 3^-34 3-3 2-2 2-24 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 1856 2F-3 3-3 3-3 3-0 0-3 3-0 0-3 3-3 3-3 3-3 3-4 4-4 Ten per cent reg. and extra, April, 1865. Dorchester "annexed" to Boston, Jan. 1, 1870. Boston National. -Formerly the "National" under State laws. Orig. cap. $300,000. Inc. to 750,000, 1854, and to 1,000,000, Dec. 1, 1868 (20 per cent stock dividend). (Old) Boston. -Dividends paid June and Dec., up to 1812; since, April and Oct. Orig. cap. $1,800,000, and the State held one-third (600,000). First charter expired Oct., 1812; re-chartered with the same capital. At that time, when a charter expired, the bank was obliged to go through the form of winding up and commencing anew; consequently, no dividend was paid Oct., 1812. The bank purchased the State's interest, Feb., 1817, and reduced the capital to $1,200,000. April 1, 1817, 25 per cent of capital was paid to stockholders, reducing to $900,000, in shares of $75 each, and April 1, 1830, one-third more was returned, making the capital $600,000, at $50 per share. June 15, 1847, $300,000 was added, making again $900,000, the present amount. Twenty per cent extra dividend Dec.. 1864, and 20 regular and extra Oct., 1865. Boylston. - The 5 per cent dividend, Oct., 1846, was for first 9 months' operation. An extra of 6 per cent was paid, May, 1853. Orig. cap. $150,000. Inc. to 200,000 in 1847; 250,000, 1851; 300,000, 1853; 400,000, 1854, and to 500,000, April I, 1865,- the latter by stock dividend of 25 per cent. Broadway. - Orig. cap. $50,000. Inc. to 100,000 in 1854; 150,000, 1855; and to 200,000 (12 per cent stock dividend), Nov., 1864. Removed from So. Boston to 490 Washington, corner Beach St., June 12, 1869. City. - Orig. cap. $500,000. Inc. to 750,000 in 1824, and to 1,000,000 in 1827. The omission of dividends in 1841-'42, was occasioned by large losses on loans to the Bangor and Piscataquis Canal and Railroad Co., the stock of which was held as collateral, and declined from par to almost nothing. Paid 10 per cent extra in gold (worth 235 percent), )ec, 1864. Cochituate. - Orig. cap. $150,000. Inc. to 250,000 in 1852. Failed April 15, 1854. Paid dividends on all its debts, pro rata, of 50 per cent, Oct. 16, 1854; 10 per cent )ct., 1855; 10 per cent Feb.,1857; 6 per cent (final) Sept. 16, 1865, making 76 per cent. The stock was a dead loss. ' An attempt made to assess 20 per cent on the shareholders to redeem the balance due on outstanding bills failed. The decision of the court in 1862 was as follows: "The liability of stockholders accrued more than six years before the filing of the present process. The statute of limitations is a bar to any claim presented against stockholders, for which the proposed assessment is to be made." Columbian.- Orig. cap. $500,000. Inc. to 750,000, July, 1854, and to 1,000,000, Oct. 1, 1860. The dividend of 3 per cent, April, 1865, was in gold, then worth 150 per cent. Fif. teen per cent, reg. and extra, Oct., 1865. Notes on the Boston Stock Market. 51 Commerce. - Orig. cap. $750,000. Inc. to 1,500,000 in 1851, and to 2,000,000 in 1853. Continental. - Orig. cap. $300,000. Inc. to 500,000,.Oct., 1864, and to 1,000,000 Oct. 1, 1868. Eaqle.- Orig. cap. $500,000. Inc. to 700,000 in 1853, and to 1,000,000, Aug. 1, 1860. Paid 9 per cent, reg. and extra, Oct., 1865. Eliot. -Orig. cap. $300,000. Inc. to 600,000 in 1854, and to 1,000,000, Dec., 1864. Everett. - A new National Bank in 1865. Cap. $200,000. First located cor. Washington and Newton Streets. Moved " down town," Nov. 1, 18C7. Exchange. -Orig. cap. $500,000. Inc. to 1,000,000 in 1851. Paid 20 per cent extra, Jan., 1865. Faneuil Hall. - Orig. cap. $500,000. Inc. to 1,000,000, April 1, 1865, and paid 50 per cent extra dividend. First National. - Formerly " Safety Fund." First bank in Boston to re-organize under the National law, Feb. 1, 1864. Orig. cap. $600,000. Inc. to 1,000,000, Oct. 1, 1859. Freeman's. - Orig. cap. $150,000. Inc. to 200,000 in 1845; 250,000, 1849; 300,000, 1851; 350,000, 1853; 400,000, 1854, and to, 600,000, April 1, 1869. Paid 25 per cent, reg. and extra, Oct., 1865. Globe. - Orig. cap. $500,000. Inc. to 750,000, I)ec., 1824, and to 1,000,000, May, 1827. Paid 20 per cent, reg. and extra, April, 1865, and 12 per cent, reg. and extra, Oct., 1865. Grocers'. - Orig. cap. $250,000. Inc. to 300,000 in 1850; 500,000, 1853, and to 750,000, 1854. Failed Nov. 30, 1855. The receivers paid all debts of the bank, also $12 per share on the stock, June 12, 1861, and $1.64 (final), March, 1865. Hamilton. - Origf. cap. $500,000. Inc. to 750,000, March 1, 1865, and paid 60 per cent extra dividend. Eight per cent, reg. and extra, April, 1864. Hide and Leather. - Orig. cap. $1,000,000. Inc. to 1.500,000, Oct. 1, 1869. Paid 5 per cent extra, Jan. 10, 1865. This bank lost $575,000 by defilcation of its cashier, announced May 9, 1868, and cutting in to capital 200,000, which was made up from earnings by Oct., 1869. Three dividends passed. HIoward. - Orig. cap. $500,000. Inc. to 750,000, March 1, 1865 (12j per cent stock dividend), and to 1,000,000, Oct. 1, 1869. A deficiency of $67,000 was discovered Dec., 1869, and an accurate examination of the books of the bank has since been in progress. Errors of $40,000 were found up to Dec., 1870, of which $17,000 has been recovered, and of the remaining $23,000, it is hoped that more than half will be realized. This leaves $27,000 yet to be accounted for by further examination. Kidder National Gold Bank. - Chartered Aug. 15, 1870. Business on a gold basis exclusively, and the first batik under act of Congress, July, 1870. No bills issued less than $5. Market. - Orig. cap. $500,000. Inc. to 1,000,000, June 1, 1836. Reduced to 800,000, April 11, 1839, and again to 560,000, March 25, 1841; par cut down from 100 to 70. This thirty per cent loss to stockholders was afterwards partially recovered. Cap. increased to 800,000, Oct. 1, 1864, by a stock dividend of $20 per share, and an assessment of $10, raising par from 70 to 100. Massachusetts. - Orig. cap., July 5, 1784, $300,000 (authorized), of which only 253,500 was paid in, according to the old records, and reduced to 100,000 next year. Then increased to 200,000, June, 1791; 400,000, July, 1792; 800,000, Dec., 1807; 1,600,000, June, 1810, and reduced to 800,000, the present capital, April, 1821, making the par value 250, which was originally 500. This was the first bank in Mass., and the second in the country. Originally located opposite Park-street Church, and kept open for business from ten to one, A.M., three to five, P.M. The bank commenced business July 5, 1784, and on that day the discounts amounted to only $19,645. Removed to State Street in 1836. The following extra dividends have been paid; and, as some are out of the usual course, we give them as described in the records of the bank: — Nov., 1790, 11 per cent on $100,000 capital, "arising on the purchase of withdrawn shares and former profits." July, 1792, 16 per cent on $400,000 capital, "arising from old balance of profit and loss, sale of United-States Bank shares, funded 6 per cent stock, &c., &c." June, 1793, a balance of $1,406 from the same source as the last. Jan., 1795, $10,000 from sale of old banking house, located in what is now called Hamilton Place, opposite Park-street Church. June, 1801, 2~ per cent extra dividend. Sept., 1812, 2 per cent was paid, and the time of regular payment changed from January and July to April and October. Paid 10 per cent, reg. and extra, April 1, 1865, and 10 per cent extra, April 29, 1865. Maverick. - Orif cap. $400,000. No changes. Removed from East Boston, June 11, 1856. Afechanics', So. Boston. - Orig. cap. $150,000. Reduced to 120,000, March, 1844. Inc. to 150,000 in 1850; 200,000, 1853, and to 250,000 in 1854. Bxtra dividends of 161 per cent in stock, May, 1850; 12f per ct., stock or cash, Oct., 1854, and 20 per ct., cash, April, 1865. Merchants'. - Orig. cap. $500,000. Inc. to 750,000, April, 1832; 1,500,000, July, 1836; 2,000,o00, April, 1839; 2,500,000, April, 1845; 3,000,000, April, 1846, and to 4,000,000, Oct., 1853. The last 1,000,000 was added under the General Banking Law of Mass., and the 52 Notes on the Boston Stock Market. same stock returned to sbareholders, April, 1864, reducing the capital to 3,000,000. The small dividends in 1843-44, not only of this bank, but of most others, were in consequence of the great abundance of capital at cheap rates of interest. Discounts made at three per cent, the banks being troubled to obtain sufficient good paper, even at that low rate. This bank holds $600,000 certified checks of the State Bank; and, in a suit to recover, the case was decided in favor of the State. An appeal was taken to the United-States Supreme Court, and Dec. 28, 1870, a decision had not been made. Mount Vernon. -Orig. cap. $200,000. No changes. Paid 10 per cent, reg. and extra, April, 1865. National Redemption. - Orig. cap. $561,700. Inc. to 674,000, Oct. 1864 (by 20 perct. stock dividend), and to 1,000,000, Jan. 1, 1865. This bank was chartered to take the place of the Suffolk in redeeming New-England bills on the " mutual " plan. The stock, being held by country institutions doing business with the bank, was not sold in public for several years. National Security. -A new National bank, Feb. 1, 1868. Capital, $200,000. New England. - Orig. cap. $1,000,000. Never changed. Paid 25 per cent extra dividend, Feb. 6, 1865. North. - Orig. cap. $500,000. Inc to 750,000, Oct. 1, 1828, to 860,000 in 1859. It was proposed to increase to 1,000,000, and payments were commenced June 1, reaching 840,000 by the 27th, and up to Oct. 31 only 860,000, from which to 1,000,000, Nov. 21, 1864 (by 16~ per cent stock dividend). Lost 96,000, Sept., 1869, by defalcation of its teller. * North America. - Orig. cap. $500,0JO0. Inc. to 750,000, Oct., 1, 1853, and to 1,000,000, April 1, 1865 (25 per cent stock dividend). People's, Boston Highlands.- Orig. cap. $100,000. Inc. to 150,000, Sept., 1849, and to 300,000, April, 1865. Roxbury became a part of Boston by " annexation," Jan. 1, 1868. This bank commenced, April, 1833. The dividends in the tables are only from 1856. Previously as follows: - 1834 1835 1836 1837 1838 1839 1840 1841 1842 1843 1844 6-31 31-31 3-3 3-2k 2-3 2-3 2-3 3-3 3-3 3-3 3-3 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 4-4 4-4 4-4 4-4 4-31 3-3 4- 4 4 -4 4-4 4-4 4-4 In March, 1849, an extra of 6 per cent. Dividends were paid April and Oct., up to Oct., 1864. Then 10 per cent (extra), Jan. 1, 1865, and paid Jan. and July, to Jan., 1870 (6 per cent), and 4 in April, for three months, to change time to April and Oct. again. Republic. - Orig. cap. $650,000. Inc. to 1,000,000, Oct., 1860, and to 1,500,000, April 5, 1869 (25 per cent stock dividend in March). Revere. - Orig. cap. $600,000. Inc. to 1,000,000, Oct. 1, 1859, and to 2,000,000 April 1, 1869. Paid 10 per cent, reg. and extra, April, 1865. Rockland, Boston Highlands. - Orig. cap. $100,000. Inc. to 150,000 in 1854, and to 300,000, April, 1864. Paid 10 per cent extra, Jan., 1865. Dividends 4 per cent, semiannual, previous to 1856, except the first 3 per cent, April, 1854. Roxbury "annexed" to Boston, Jan. 1, 1868. Second National. - Formerly the "Granite." Orig. cap. $500,000. Inc. to 650,000, Aug. 1, 1851; 750,000, April 12, 1852; 900,000, 1853-54; to 1,000,000, Oct. 1, 1864, by stock dividend, one new share to nine old, and to 1,600,000, April 1, 1869. Shawmnut.-Orig. cap. $500,000. Inc. so 750,000, July, 1854, and paid 8 per cent extra dividend; also 10 per cent, March 6, 1865. To $1,000,000, Jan. 1, 1869. Originally the "Warren," and changed to Shawmut, April, 1837. This bank lost $31,000 ($58,000 taken, $27,000 recovered) by its receiving teller, in Dec., 1867. Shoe and Leather.- Orig. cap. $500,000. Inc. to 750,000, Oct., 1849, and paid 10 per cent extra dividend; to 1,000,000, July 1, 1851. Paid 25 per cent extra, March 1, 1865. State. - Orig. cap. $3,000,000. Reduced to 1,800,000, April, 1817, by 40 per cent returned shareholders, and par changed from 100 to 60. Paid 5 per cent extra dividend, Oct., 1836, the proceeds of real estate sold. Paid $8 per share, reg. and extra, Oct., 1864. Par raised from 60 to 100, May, 1865, by $61 per share stock dividend, giving two new shares for three old. Suffolk.- Orig. cap. $500,000. Inc. to 750,000 in 1826; 1,000,000 in 1838 (by 33t per cent stock dividend); 1,500,000, Jan. 10, 1865, and at the same time paid a cash dividend of 128 percent, the largest "extra," we think, ever declared by any bank. A defalcation of $214,500 was discovered, March 24, 1852; but the surplus was so large, that this did not interfere with the usual 10 per cent dividends. Third National. -A new National Bank, April 1, 1864. Orig. cap. $300,000. No changes. Traders'. - Orig. cap. $500,000. Reduced to 400,000, March, 1844, by cancelling shares, and increased to 600,000, June, 1851. Tremont. - Originally "Manufacturers' and Mechanics'," but changed to Tremont, March, 1830, when the first c.apital, $750,000, was reduced to 500,000. Inc. to 1,000,000, 1850; 1,250,000, 1853; 1,500,000, Oct., 1860, and to 2,000,000, Feb. 1, 1865, by 33 per cent stock dividend. Notes on the Boston Stock Market. 53 Union.- This bank appears to have originated (1792) fiom what was called the "Tontine Association," and started with a capital of $1,200,000, one-third of which was held by the State of Massachusetts. This was paid back in 1817, leaving the capital $800,000, and increased to 1,000,000 in 1850. It was the second bank in the State, and its charter opposed by the "old Massachusetts," on the ground that two banks were not needed I Six per cent extra, April 1, 1864, and 10, regular and extra, Oct., 1865. Washington. - Orig. cap. $500,000. Inc. to 750 000, Oct., 1853. Webster. —Orig. cap. $1,500,000. No changes. Eight per cent, regular and extra, April 1, 1865. BOSTON BANKS, EXTRA DIVIDENDS. A large number of the banks in Boston (now all National) paid extra dividends on reorganization under tlhe United-States law, which we give in detail. The law first required all National banks to go by numbers,- 1st, 2d, 3d National, &c, - in each town or city. After the Safety Fund and Granite had changed to " First " and " Second " National respectively, and the " Third," a new bank, had been established, the banks were allowed to retain their former names under State laws, and either prefix or add the word "National." In the tables, the old names are generally preserved, as more familiar, and the word (National) placed in parenthesis when it should legally come before the name. Atlas, 10 per cent, regular and extra, April 1, 1865. Blackstone, 20 per cent, in stock, )cc., 1864. Blue Hill, 10 per cent, reg. and extra, April, 1865. Boston National, 20 per cent, in stock, Dec., 1864. Boston, 20 per cent, Dec., 1864, and 20 regular and extra, Oct. 2, 1865. Boylston, 25 per cent, in stock. April 1, 1865. Broadway, 12 per cent. in stock, Dec. 1864. City, 10 per cent, in gold (at 235), Dec. 13, 1864. Columbian, 15 per cent, reg. and extra. Oct. 2, 1865. Eagle, 9 per cent, regular and extra, Oct. 2, 1865. Exchange. 20 per cent, Jan. 2, 1865. Faneuil Hall. 50 per cent, April 1, 1865. Freeman's, 25 per cent, reg. and extra, Oct. 2, 1865. Globe, 20 p. c., Ap. 1, & 12p. c., Oct. 2, '65, reg. & ex. Hamilton, 8 per cent, reg. and extra, April 1, 1864, and 60 per cent, March 1, 1865. Hide & Leather, 5 per cent, Jan. 10, 1865. Howard, 12,t per cent, in stock, March 1, 1865. Market, $20 per share of $70, in stock, and no cash, Oct. 1, 1864; then assessed $10 per share, raising par from 70 to 100. Massachusetts, 10 per cent, regular and extra, April 1, and 10 per cent, April 29,1865. Mechanics', 20 per cent, April, 1865. Mount Vernon, 10 p. c., reg. and ex., April 1, 1865. Nat'l Redemption, 20 per cent, in stock, Oct., 1864. New England, 25 per cent, Feb. 6, 1865. North, 161 per cent. in stock, Nov. 21, 1864. No. America, 25 p. c, in Stock, &no cash, Ap. 1, '65. People's, 10 per cent extra, January, 1865. Revere, 10 per cent, reg. and extra, April 1, 1865. Republic, 25 per cent, in stock, March, 1869. IRockkand, 10 per cent extra, January, 1865. Second National, one new sh. to nine old, Oct., 1864. Shawmut, 10 per cent, March 6, 1865. Shoe & Leather. 25 per cent, March 1, 1865. State, $8 per sha'e. regular and extra, Oct., 1864. $61 in stock. May, 1865, and par raised from 60 to 100, giving two new for three old shares. Sutffolk, 128 per cent, Jan. 10, 1865. Tremont, 331 per cent, in stock, Feb. 1.1865. Union, 6 p. c.. Ap 1, '64, & 10 reg. & ex., Oct. 2, 65. Webster, 8 per cent, reg. and extra, April 1, 1865. TIE NATIONAL BANKS. -The United-States law requires that meetings for the choice of directors shall be held annually, on such day in the month of January as the stockholders of the bank may prescribe; and the directors so elected shall hold their places for one year, and until their successors are elected and qualified. The banks of Boston hold their meetings the second Tuesday in January, with four exceptions only. Hide and. Ecather, the first Tuesday; Second National, the second Wednesday; Blackstone, the third. Tuesday, and National Redemption, the third Wednesday. The directors to consist of not less than five, nor more than nine, and each must be a bona fide owner in his own right of, at least one per cent of the capital stock, up to $200,000, and half per cent if over that. Stockholders are personally liable for the debts of the bank, " to the amount, at their par value, of. the shares held by them, in addition to the amount invested in such shares." Banks are forbidden to loan on their own stock, and not allowed to purchase or hold any of the same, or of the capital of any other incorporated company, unless it shall be necessary to do so.to prevent loss upon a debt previously contracted; and then not longer than six. months, if; the stock can be sold for what it cost. No bank to make a loan longer than for six months, and in no one instance to exceed ten per cent of its capital stock. In Oct., 1870, the total number of National Banks in the United States in actual operation, was 1627, representing a capital of $436,478,311. Of the States, New York had the largest number (292), and Massachusetts followed next, with 207; then.Pennsylvania, 196, and Ohio, 130, none other having over 84 banks. The State holding the most specie was New York ($449,742); but Texas, with four banks only, had $277,384, and Massachusetts, $207,167. Only four other States held over one hundred thousand:-viz.; New Jersey, $138,939; Indiana, $131,806; Connecticut, $116,045, and Illinois, $110,405. Total specie held by one thousand four hundred banks, $2,357,856,.who also. had..$354,65,915 in "greenbacks." 54 Notes on the Boston Stock Market. INSURANCE ~ MATTERS. The Ups and Downs of Insurance. - The career of the Equitable Safety Insurance Co. of Boston affords an apt illustration of the vicissitudes of the insurance-business. This was the oldest mutual company in the United States, -except one a few years earlier in New York, -and for over twenty years (1839 to 1861) it was more than ordinarily successful. The two years following were losing ones, and in Dec., 1863, the company had sunk $80,000, when a successful turn in business replaced it in four months I From April, 1864, to April, 1866, the company made no money, but paid interest on its permanent fund and scrip. At this time the scrip of 1861 was called in and cancelled. The next five months, little money was lost; but from Sept., 1866, to March, 1867, the losses were unprecedented, averaging nearly $2,000 per day for six consecutive months (say $350,000); and, in the single short month of February, one hundred and eight thousand dollars was sunk! Losses, both fire and marine, followed in constant succession; and under this gloomy state of affairs it was decided to wind up the company. Those who think there is no "luck " pertaining to insurance should bear in mind that the same management which accumulated $100,000 in four months was exerting itself, with even greater efforts for success, in the following years, when the tide of disaster set against it with a force which proved irresistible. When this company voted to close its business, the aggregate amount at risk was over eight millions of dollars; and the only evidence necessary as to the character of these risks is the fact that they were solicited and assumed by some of the best offices on State Street. Trying Times.-During the bank troubles of 1837, and the years following, insurancecompanies sustained a serious loss from bank failures, the losses of principal cutting into their invested capital; and for a long period the dividends were very small, while some of the banks failed to;pay any thing. The amount invested in this description of property in 1843 was $4,708,410, out of $7,170,000 capital, showing forcibly its importance. This state of affairs, and the general depression in business, together with the ordinary hazards of insurance, induced many companies to " wind up," as they could not go on successfully, and preferred to close while something handsome could be returned to shareholders. A large inumber of companies were consequently closed between 1837 and 1845, some of them successfully, while others made but small dividends. We note that the Atlantic, in March, 1843, sold at auction a quantity of bank and railroad stock, and gave notice that a dividend of 80 per cent would be allowed any stockholder purchasing. In April, the New-England (Marine) Insurance Co. sold a large lot of bank and railroad stocks. Among the same were four hundred shares of Suffolk Bank, which brought from 151 to 16 per cent advance. Stockholders were reminded that a dividend of 65 per cent was due, which would be received in part payment for any stock purchased. Among other companies which closed during the period named, were the following: Atlantic (Mutual), Atlas, Boston Marine, Columbian, Commercial, Commercial Mutual, Commonwealth (failed), Fishing, Globe, India, Massachusetts Fire and Marine, Ocean, Pacific, Protection, and Union. Within the last fifteen years, several others have closed, the details of which will be found in pages 61 to 63. The losses of Insurance Companies are at times enormous, and disasters seem to have " a run " at certain periods, following in quick succession, and then diminishing to quite insignificant sums. In 1854, the marine losses of New-York and Massachusetts Companies were $19,000,000, and 1855 little better; while 1856 footed up $26,000,000, the year standing out as one of the most disastrous to underwriters known, - sweeping from existence many com-,panies in New York, and crippling others so much as to require new subscriptions to sustain ithem. Ten years later, the losses were again very heavy, partially owing to the war; but ithe marine disasters otherwise were fearful for a long period. BOSTON INSURANCE STOCKS. Highest and Lowest Prices for thirty-six years, - 1799 to 1834, inclusive. BOSTON INSURANCE, 1799. 1800. 1801. 1802. 1803. 1804. 1805.. 1806. 1807. 1808. 1809. 1810. 1799 to 1811. Par. High. Low. High. Low.;High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. Boston Marine....... 100 i............................I.......... 160 143 145 128 130 120 130 118 122L 114 117} 110 126 115 127 120 Fire and Marine...... 100...................................... 140 126 135 109 108k 101 107 100 112 100 105 100 116 105 120 115 1811 to 182.3. I- " 1811. 1812. 1813. 1814. 1815. 1816. 1817. 1818. 1819. 1820. 1821. 1822. Boston Marine....... 100 127 100 No sales. No sales. 100 95 109 104................................................................. Fire and Marine...... 100 122 101 No sales. No sales. 100 95 110 103..................................................................... 1823 to 1835...... 1823. 1824. 1825. 1826. 1827. 1828. 1829. 1830. 1831. 1832. _1833. 1834. American... 100 120 108 115... 115 112 112 98 110 100 110} 104 116k 105 118 110 123 110., 118 111 126 115 133 126 Atlantic............. 10............................................. 101 98 101 92:1 101 95J 105 96 Atlas............... 0..... 104... 104 75 86 791 861 76 094 90 00 93 110 99 112 106 105 952 103 97 105 99 Boston............ 100 138...... 110 110 103k 103 100 106 100 1121 106}* 120 1121, 140 120 140 124 126 124 140 125 1371 130 Boston Marine....... 60 140... 140 125 125 110 ftlO 97- $61 59.j 62] 60 6.3 59 651 591 68k 65 69 65 68 65 65 60 Boylston........... 1]00...N................. ew. 104 100 104} 1021 105 1021 10(ij 100 1084 103 110 106 106 100 102} 97 102 99| Columbian........... 100 114 111 120 109 109 100 105 84 105 9 2 120 108 130 117 140 120 120 115 130 115 130 110 Commercial.......... 100.............................. 105 100 104 100 No sales................... 105 100 100 94 100 901 Commonwealth...... 100.......... 60 asked.................... 102} 96 109 100i113 109 109 96 100 95 103 95 Eagle................ 100 115 100 110 105 105 97 90 80 Closed..................................................................... Firemen's. 25................................................................................ New, 102k 102} 100l 100 96 103 95 Fishinig.............. 50................................................................ New,1833. $51... 50 45 Franklin............. 100...N....... ew. 104} 90 0 95 85 110 941 110 103 112 103 1171 1061 117 103} 105 983 105 99 111 103 Globe....... 100.................... 95 90 95 90 100 93 102 96 117} 100 122 112" 126 110 110 921 90 75 75 70 Hope................ 100............................. New. 102 914 104 100k 105 100 Manufacturers'..... 103... 112... 115 85 85 72 100 82 102 95 97 124 106 130 120 140 130 145 133 Mats. Fire and Mar.. tl00 138L 131 135 130 130 112 f112 100 $50 47 53 47k 52 48 54 50 40]:37] 38k 361 38} 36k 40 38k Mercantile Marine... 100... 105 97} 104 98 110 98 114 105 117 107 128 117 1301 118 120 110 115 110 111 105 Merchants'........... 100 133... 140 133 135 120 125 120 140 120 150 135 150 130 140 135... 140... 140 150 135 150 140 National............. 50............................................................................ New. 100 99 103 98j 106 99 N. E. Marine......... 100 140 135 140 130 130 115 115 100 100 90 100 95 111 97 124 108k 128 111 115 101J 106 100 105 99 N eptune............ 100................................................................................ N ew. 102 100... 95 102 95 Ocean............... 100....................................................... New, 104 110 70 101 80 110 961 Suffolk.............. 100 126 118k 125... 120 111 110 102k 108 1021 107 100 10 5 100 116} 104' 118 112 112k 102k 115 108 113 103 Trem ont............. 100............................................................ N ew. 103 931 Union............ 100 125 110 120 107 107 100 100.. Closed. United States........ 100.................... New. 100 90 104 97... 100 103 100 108.101 111 102 106 98 302 99 Washington........1. 100 New. 104 85 102 92 104k 98 105N 101 107k 101 111 106 106 100 105k 101 105 100 t Boston Marine $100 par previous to 1827. $ Massachusetts Fire and Marine $100 par previous to 1827, $50 to 1831, then $37}. C.7v WX INSURANCE STOCKS. Thu class of securities is less known or familiar to the public than either railroad or bank stock. It has its special patrons who keep their eye upon it, estimate its value, and take up what little offers in the market. Insurance stocks rarely assume a speculative character, and are no particular source of profit to the gentlemen comprising the Board of Brokers. There is always an idea of extra hazard attaching to Insurance in the eyes of those not acquainted with the history of these institutions. It will be seen, however, in referring to the dividends paid by the Boston Companies, for the whole past 25 or 80 years, that it has generally been a lucrative investment. Fire Insurance-we speak of Boston risks-has decidedly improved of late years; and the Firemen's Co. of this city, which was below par in 1842, is now 200 per cent. advance, or 80 for 25, the par value. Marine Insurance, on the contrary, has been a losing business for many years, as will be seen by the note as to Insurance profits following the dividend tables. BOSTON INSURANCE STOCKS. Highest and Lowest Prices for ten years-1835 to 1844, inclusive. Os 1835. 1836. 1837. 1838. 1839. 1840. 1841. 1842. 1843. 1844. s Par. Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and MA to 845. lLowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. to O ft e4 Q American,................. Atlantic................... Atlas,.................... Boston,.................... Boston Marine,............. Boylston,...... Columbian,............... Commonwealth,............ Firemen's,................. Fishing................... Franklin,.................. Hope,..................... Manufacturers,............. Mass. Fire and Marine,. Mercantile Marine,......... Merchants,...... National.................. Neptune,......... New England.............. Ocen,.................... Suffolk,.................... TremiOnt.................. United States,..... Warren................... Washington,. 100 100 100 100 60 100 100 100 25~ 50 100 100 100 374 100 loo 50 100 100 100 331 100 50 100 100 130 128 105 104 104 98 128 125 75 69 105 102 120 103 103 95 261 221 53 50 113} 107 108 102 141 133 41 38 103 93 150 140 5 50 102 98 103 98 138 112 351 34 102 95 51 50 100 96 108 100 131 122 120 1151 104 100 1014 874 104k 100 101 89 126 124 118 117 734 63 641 58 1431 96 11 00 90o 110 100 974 90 101 99 75 70 25 19 231 183 51 444 451 39 117 108 113 106 105 95 99 90 133 128 130 125 39 38 38 38i 1031 95 100 80 150 135 150 130 52 45 53 44 101 98 95 90 109 90 10o0 82 150 130 1261 105 36 33 33 31 100 89 104 90 51 47 48 44 100 80 95 78 106 102i 1054 100 126 114 84 75 90 791 125 112 65 55 98 85 98 85 Failed. 24 19 45 39 102 11(0.90 75 125 1211 374 35! 90 85 150 130 544 50 90 85 85 83 90 75 314 233 99 80 45 244 85 58 1051 99 144 114 1081 981 75 661 81 651 80 611 63 - 120 111 115 107' 665 644 651 641 96 o 90 91 90 8Q0 911 105 101j "i9....ii...i.i.' 37 31 34 25 88 68 68 65 84 571 74 643 128 111 121 I111i 94* 70 91 891 864 70 981 86 150 125 150 130 514 46 54 48' 871 70 11,8 82j 90 79 923 81 80so 40 561 30 24 19 26 194 92 781 001 88 41 32; 48 431 73 60 85 65 954 924 85 83 1173 11 61 11414 901 79 b6 70 t'lose,!........... 1131 105 113{ 110 63 63 63 60 102 911 95 835 1091 109 Closed. "24 21 i' 24i. 223 44 42 40 30 904 79 93 90 88 81 823 74 1334 124 139 112 931 88 84 771 1041 95 92 901 150 130 155 135 595 55 56 501 130 1144 1494 125 104 90 1001 95 79 61 86 71 36 23 331 31 122{ 1081 122 1144 52 50 49 44 93 71s 100 81 111 107 111 100 1301 122 1404 180 1024 90 Closed. 'ii5. ii2" 120..ii' 1 Closed............ 991 85 105 100 '28 264~ 30 281 Closed............. 1034 874 107,1}1 974 80 99 92 135 113.4 149 136 89 85' 102 95 103 92~; 107 1014 160 140 165 145 62 61 66 58 151 1481 168 1524 Closed............. Closed. Closed. I............ 331 30' 341 3j4 150 130 1..9 1201 58 42 61 561 100 984I 1041 103 1124 110 120 110 COMMONWHEALTH INS. Co.-The capital stock of this concern ($300,000) was invested in the Commonwealth Bank, $250,000, and $50,000 in the Middlesex Bank. Of eourse, it failed when those banks burst up, and is practical evidence of the unwise policy of putting "all the eggs in one basket." * The Massachusetts Fire and Marine changed its par from 374 to 100 in 1839. BOSTON INsUsANCI Cos. 1846 to 1865. American,................ Boston.................... Bo3 laton.................. Cochituate,................ Eliot................ Firemen's,................. Franklin,.................. Hope,..................... Manufacturers............ Mercantile Marine,......... Merchant,t................. National,.................. Neptune,.................. North American,........... Suffolk,................... Tremont,.................. United States,............. Warren................... Washiugton,.............. BOSTON INSURANCE STOCKS. Highest and Lowest Prices for ten years-1845 to 1855. 1845. 1 1846. I 1847. 1848. 1849. 1850. 1851. 1852. 1858. 1854. Par. Highest and Ilighest and Hlighest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Lowest. Lowest. Lowest. Lowest. Lowes. Lowes. Lowet. Lowest. Lowet. Lowest. 100 138 118 j 125 112 1351 112 109k 100 110 104k 1403 1101 141 135 150 1 140 5 120 135* 120 100 126 119 122 119 120 108i 120 98 105 100 103} 100 15 100 106 102 102 90 96 59 100 106 90 94 80 993 85 100 95 106 90 130 105 10 1241 117 100 118* 106 112 100 60.................................................... Ne, 1850. 5 60 46 47 43 45 37 7 50........................................................ Ne, 1... 50 45 43 471 40k 50 40 25 29 28{ 29. 28- 293 28 29 '8 30 27 413 2 44 371 44 40 461 40 48* 44 100 1(6 85 94 80 90 84 90 80 96k 80 108 96 109 100 104 98 105 97 10 94 100 96 81k1 80 65 811 75 86 66 100 6 115 100 120 105 109 99 103 80 0 35 100 154 113 117 100 118 110 112 115 98 145 1 20 155 137 175 160 185 465 170 150 c 100 1031 94 1041 85 96k 85 95 80 5 80 103 { 88 110 1 0 110 101 103k 98 100 90 100 140 139 139 tl04 130 104. 130 120 130 125 13" 125 140 130 140 130 140 1 30 13 130 50 60 50 54 48 56k 53 54k 50 61 52 67k 56 66k 60 75 67 75 67* 69 65 H 100 160 120 136i 100 120 108 129 120 1L5 125 190 145 160 135 150 130 140 95 110 70) 100.......................................1851.... 100 1;0 99 100 98 100 90* 100 104 100 943 90 95 943 90 689 89 6 88k 104 97k 105 100 97 90* 100 118 100 105 88 96 78 92 85 100 90 130 107 128 105 (Closed............. 50 56k 50 50 45 58 50 53 51 55 49 67 50 67 50 46 40 43 39 38 35 100 102 75 95 75 83k 75 801 60 65 45 77 50 90 75 93 86 93 87 85 46 100 110 108 120 100 1051 100 101 991 95 85 101 91i 101 100 104 99 98J 75 90 50 Insurance stocks were, some of them. badly depressed in the latter part of 1863 and 1854, in consequence of he;vy marine losses during those years. This class of stocks is the most difficult of any to obtain reliable quotations of, and more especially within a few years past. They are seldom quoted in the market, and are liable to large fluctuations, even without a public sale being effected for months. A stock quoted at par one day, may not be worth more than 80 to 90 per cent. the next, if, in the mean time, a loss of several hundred thousand dollars should fall upon the different offices, to which they are of course liable at any moment. At one time in 1864 more than half a million losses in Stat Street, on marine insurance, were reported the same week. Fire Companies have been more fortunate in their risks of late ears, and the market value of the property consequently better sustained. * Ex-dividend. t Mercbants, on the mutual plan, 1846. BOSTON INSURANCE COMPANIES So Semi-Annual Dividends from the Commencement, 1818 to 1846. IISUBANCX Cos. American,........... Boston............... Boylston,............. Franklin,............. Manufacturers,....... Mercantile Marine,... Merchants,........... Suffolk............... United States,......... Washington,.......... Commenced. 1818. 1819. 1 1820. 1 821. 18 182 1823. 1824. 1825. 1 1826. 1827. i 1828. I 1829. I 1830. Total 1818, June 13, 1823, February 11. 1825, March 16 1823, February 10, 1b22, May 27, 1823, May 1 1816, December 5, 1803, rc hart. 1818, 1825, Feb 26, 1824, Feb. 7,........ I........................................................ 26.. 20 10 5 7' 46 h.. 6 6 6 6 8 616 5 I......................;...... 2 6 85 6 6 6 6 6 *... oZl]]Z 6 3........ i2.. i6 6 6 6 3........ 'i 6 41 3 10 10 6 6....... 5 4 6 4 0 0 4 5 3 4 6 6 3 4 3 0 0 4 5 4 0 4 S 6 4 3 0 5 7 4 10 4 45 5 6 0 5 8 10 0 2 5 6 10 10 4 4 3 3 4 4 5 6 5 8 4 5 121 3 4 5 6 6 10 10 4 3 10 6 0 5 5 6 10 10 4 4 4 6 4 3 IaSURANCK Cos. I 1831. 1832. 1833. 1834. American,............ Boston,.............. Boylston,........... Firemen's,............ Franklin,............ Hope,................ Manufacturers...... Mercantile Marine,.... Merchants,........... National,............. Neptune,............ Suffolk............... Tremont,........... United States,......... Warrln,.............. Washington,.......... 6 5 5 516 6 10 5 6 6 10 10 4 4 2 4 4 3 New, 1831, Aug. 1, 38 3 8 0 4 06 5 New,'31, July 4 5 5 4 7# 8 10 8' 10 5 5 5 5 5 10 6 10 10 10 20 New, 1P32, Mar. 3,.. 6 New, 1831, Feb. 12,... 4 4 14 4 4 4 New, 1833, Oct. 15........ 0 0 13 4 5 0 New, 1835, May 4,... 4 3 13 4 5 6 6 10 4 5 8 5 12 3 10 6 5 4 6 8 4 4 6 5 5 (5 I0 1835. 1836. 1 6 6 6 6 6 8 6 6 7t7 4 4 4 4 3 5 0 0 0!0 8 6 10 8 12 5 5 5 513 7 4 5 9 5 0 6 0 10 0 5 10 331 10 10 6 4 3 551 4 4 5 84 4 4 6* 6 4 4 4 4 10 6 8 4 8 6,6.848......6.... 6 4 68 8 8 837. 18.38 1839. 1840. 1841. 1842. 1843. 1 I _ 1844. I 1845 5 7 3 5 5 0 6 0 10 5 3 4 3 0 0 3 5 4 4 0 0 6 5 10 6 8 4 S 5 6 5 5 6 8 8 5 5 6 6 4 4 4 4 5 5i5 6 0 0 3* 4 0 4 5 5 10 10 331 6 6 415 4 10 10 20 12j 8 8 8 6 10 10 10* 8 4 4 4 4 10 10 25 10 6 4 5 3 4 5 5 5* 8 6 10 6 I1 10 1010 10 10 10 6 5 6 77 6 0 05 4 4 5 5 65 5 5 5 5 57 63 0 5 54 33 0 5 6 10 10 6 3 6 516 5 4. 3 10 1010 20 5 4 8 10 8 10 3 8 10 10 12' 20 4' 6 4 415 5 56 12 20 12 3* 0 6 10 8 10 5 10 4 5 3 9 3 3 0 6 66 6 6 4 114 71 36 67 125 Q 49 6 37 Total. c 194 194 2 106 % 87j 127 CIO 81 1 2461 ~* 112? 340 141 192 117 198 183 65 162 t t* 8.7"6 * The Franklin, Manufacturers, Nepfune, Suffolk, Tremont, and Warren (ompanies have made dividends in addition to those in the tables, the years of which being denoted by an asterisk (*), and farther detail is given in the notes to the respective Companies. BOSTON INSURANCE DIVIDENDS-1846 TO 1855, INCLUSIVE; With the date of payment, when companies commenced, capital, par value, and legal time of holding annual meetings. BOSTON INSURANCE Cos. American,............. Boston,................ Boylton.............. *n'chitnuae,............ Eliot,................. Fi'lrmen's,............. Franklin.............. Hlope,................. Manutacturers,......... Mercantile Marine,..... Merchants,............ National.............. Neptune,..... North American,....... Suffolk,t............... Tremont,.............. Ubited States,......... Warren,............... Washington,........... When Capital, Par. new. 1856. ' 1818 1823 1825 1850 1851 1831 1823 1831 1822 1823 1816 1832 1831 1851 18o3t 1833 1825 1835 1824 ~ 300 000 300,000 300,000 150.000 200.000:ioooo 300,000 200,000 300,00 200.000 400,0()0 300,000 500 000 300,000 200.000 225.000 Closed. 200.000 150 00 200,000 100 100 100 50 50 25 100 100 100 100 100 50 100 100 100 100 5( 10*0 100 I Annual Dividends. Meetings. Payable, Jan., 2dTues. Jan. & July. Mar., 2d Mon March & Sept. Mar, 2d Mon. April & Oct. April, 2d Mon. April & Oct. Jan, 2d Mon. April & Oct. July, 2d Mon. Jan &.July.Mar. 2d Mon. Jan. & July. April,2d Mon. April & Oct. Jan., 2d Wed. April & Oct. Mar, 2d Mon May & Nov. Jan., 1st Ties April & Oct. Jan., 2d Wed. April &c Oct. May, 1st Mon. April & Oct. Mar, 2d Tues. Jan. & July. Jan., 2d Mon. April & Oct. Closed up. May & Nov. Jan.. 2d Mon. June & Dec. April, 2d Wed. April & Oct. May, 1st Mon April & Oct. 1846. 8 5 5 5 0 0 New, 185 New, 185 5 5 6 0 0 0 1847. 5 3 6 4 5 5 ), O, t 15 1, Feb. 1, 5 5 6 0 3 0 4 5.3 5 10 10 5 7 4 0 1, April l, 3 4 0 0 5 5 0 4 0 4 1848 5 5 6 4 6 3 8 5 '60 00 0 3 0 5 1) 10 3 6 10 6 0 0 5 5 0 0 6 3 1849. 4 6 4 0 6 6 8 1(1 7 6 0 3 5 6 4 6 10 10 6 8 6 8 4 4 (0 10 10 10 6 0 0 6 1850. 10 10 4 8 6 8 10 10 6 10 7 5 10 10 5 6 15 20 10 8 10 504 5 4 10 10 15 10 0 0 6 6 1851. 10 10 4 5 8 8.. 3 10 ii 8 5.5 5 10 15 5 5 15 15 10 10 10 7... 5 5 5 I 0 0 3 5 6 5 1852. 1853. 185 10 10 10 5 8 55 50 0 8 8 0 6 4 3 4 0 0 4 3 4 0 0 0 10 10 110 10 10 1 5 4 5 56 6 5 0 0 O 0 15 12 15 15 10 1 55 5 54 1510 6 10 4 8 8 6 6 5 7 8 0 5 0 4 4 4 4 3 5 5 5 5 410 75 12i Clos'g up. 00 0:0 5 6 8 6 0 4 310 010 1. 1855. For 10 years. 8 8 148 0 0 70 0 0 87 4 3...... 5 5 10 10 171 6 6 102 00 39 5 5 1594 4 5 86 8 8 196 6 6 130 0 0 150 5 4 344 4 0 68 6/....... I 65 "82 0 0 38 I 0 56 ew, Since new. 456 335 229 25 17 2584 296 120 4431 261; W 773 ~ 271 "o 342 ~ 310 r 198 264 I 103 a 255; <C% Neptune, 20 per ct. extra, May, 1850. The 50 per ct. in Oct., stock. t Suffolk rechartered in 1S18, since which only, the dividends are given. t From capital stock. INSURANCE PROFITS.-The profits of insurance-companies are from two sources: the gains in their business and the investment of their capital. For example, supposing an office to have its capital invested in bank stock paying 8 per cent, the company would only have to earn 12 per cent net, over office-expenses, to make an annual dividend of 20 per cent. And, on the other hand, were it to earn only enough to pay office expenses, it could still pay 4 per cent semi-annually from investment of its capital. It is, therefore, a principal item with an insurance-company to have its capital profitably invested. Large as the dividends have in some cases been, the profits on marine risks, taking three of our best Boston offices as a test, had not exceeded, from 1826 to 1856, four per cent annually on capital stock. The extra profits were realized from investment of capital. Had the dividends on this class of risks depended on the profits thereon, they would have been exceedingly small, even with the best paying offices. A State Street office, which declared 20 per cent dividends for several years, made but 4 per cent on its marine, and six per cent on its fire risks; the remaining 10 per cent being earned by its invested capital. MARINE OFFICES. -The actual business of three of the Boston insurance-companies confined solely to marine writing, from 1826 to 1853, shows average dividends of 9 642-1000 per annum. Of this, 7 247-1000 per cent was derived from interest on investments, leaving a net profit of only 2 395-1000 from marine insurance. From 1853 to 1856, the marine losses were usually severe; and, had these years been included in the above statement, the profits from this source would have shown even a smaller percentage. . - - - - - - - - mm —Mlv- - BOSTON INSURANCE STOCKS. H.ghest and Lowest Prices for. fifteen years,- 1855 to 1870. 1855. 1856. 1 57. I 58. 1. 5 i. 1860. 186 L 1862. BOSTON INSURANCE 1863. 1884. 18d5. 1866; 1867. 1868. 1869.4 Low. High. Low. High.Low. High.'Low. High. Low. High.,Low. High. Low. High. Low. High. COMPANIES. Par Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. 125 143 "130 140 12) 145 *125 150 *145 175 165 182 140 180 170 210 American............ 1001 1994 215 184 200 190 264 *170 210 140 170 *145 163I 155 175 53 70 65 73 65 100 90 118 118 132 120 140 *102L 133', 115 138'Boston............... 100i 125 135 130 1411 130 170 115 150 90 115 100 1194 116 136 100 110o 105 118 114 130 118 163 165 195 18.J 224 *193 2203- 200 276j Boylston.............1100 2494 235 260 275 270 3221 2754 315 262 280 *245 285 2714 3001 80 83 80 86 84 100 90 123 103 112.1; 9.3 110 96 1093 100 120 City................. 50 112 132 116 134 113 125 121 135 *1184 1414 120 1401 140 147 94 114 106 112 116 134 130 164 140 165- 1114 150 130 143 132 165 Eliot.................100 1553 166. 151 168 315~ 160 155 170 1454 188 155 195 184 200 17 *200 184 212 192 220 *20 256 *232 231 *231 230 *233 251 240 289 Firemen's............ 25 280 304' 280 302 2521 290 275 324 260 296 275 304 291 318 94 102 95 100 *90 105 *90 106 103.' 110 98 106 80 100 771 904 Franklin............. 103 91 100 91 110 100 1074 80 1024 76 86i 76' 100 98 110........................................................................... Hide & Leather...... 100..................................... New. 98 1031 981 1154.......Howard........1103 112 120 112 120 9711141 974 105 *96 113 109 150 140 150.................................................................... New. John Hancock Life... 100................... 95 100 85 94 92 96 93 100 95 100-j 130 15s 130 166 150 175 165 204 '180 203 186 215 *'190 210 205 275 IManufacturers'..... 100 *223 266 250 285 250 302.i 212 318'1*175 21231 200 260 260 290 80 97 87 94 85 93 88 115 112j- 135 112' 1223-*102 116 103 117l Mercantile........... 100 111 127 114 140 120 150,;*130 155 *112 1502 112 135 133 1401 135 140 135 145 140 150 145 155 135 145 140 150- 135 143 140 150- Merchants' ~......... 103 150. 160 160 170 170 190 155 165 140 150 145 165 150 170 $85 73 *65 78 *60 73 68 83.! *83 90 82 92.1 t43'- 90:. 44 581 National............. 30 $39* 43?. 414 564 50 5-3 401 53 *37 42 41 52 45 *561 85 115 105 116 *106 120 108 1553 154 170 165' 190 153 180 160 223 Neptune............ 100 54 21 155 232 215 232 219} 251 -140 220 140 *185 *165 180 9..........2..........10.......... 921 100 1031 125 N. E.Mutual...... 0 103 11 11G6 120 100. 120 9A 102 75 95 77 104 1011 116 90 103 100 110 *105 115 *107 135 *133 147 140 157 139 158 135 150 North American.....1100 1403 160 143 131 175 200 192 208 *190 208 200 250 240 260.......... New. 92 100 90 100 91 103 90 1034 *771 93 793 854 Prescott.100 83 98 95 103 1001 106. 104} 114 *108 114 110 120 120 140 New. ' 96 100 *93 102 *97 104 104 112 105 121 *1024 114 103 118 Shoe & Leather...... 100 106 112 109 115 1121 120 1151 120 1151 125 120 150 150 190....................... New, Ap'l, 1859. 100 1024 911 105I 74- 97 694 80 Suffolk..............100 70 90 80 89 76 102 751 103 751 881 85 120 120 *1444......................................................................... Trem ont............. 100........................................ S ew. 100 105 105 114 66 90 /72 96 [70 100 88 98 *90 100 81 1061 72 92 72 90 UaitedStates........ 50, Closed............................................................ 40 72 65 80 45 75 47 91 78 91' 50 832 45 60... 45 Warren.............. 100! Closed............................................................ 41 53 55 67 70 80 80 112 *105 1501 100 110 92 110 110 1204 Washington.........1001*115 120 120 1501 150 200 *143., 195 110 155 120 1691. 165 217 * Ex-dlvidend. Quotations per cent on 100, except National, "dollars per share." t Par of National, $50 previous to 1361. t See Appendix for prices of 1870 in detail. ~ Merchants', see notes. BOSTON INSURANCE DIVIDENDS-SEMI-ANNUAL,-1856to 1871. Annual Capit 'l 1856 1857 185.D 18592 1860! Dividends i BOSTON INSURANCE 1 8t2 i Ten Since Meetings. 1871. Par 6. 7 15 0 Payable. COMPANIES. 1 801 16 18631864. 1865. 1866. 1867. 1868. 1869. 1870Y'rs.new.1 Jan. 2d Tues. 300,00 100 8 8 10 6 8 10 10 10 '10 10 Jan. July American............ 10 10 10 10 15 15 10 10 10 10 10 5 5 i 5 6 10 10 10 186 732 Mar. 2d Mon. 300,000,100 0 0 4 5 6 10 110e 10 8 10 Mar. Sept. Boston............... 5 5 5 8 15 5 8 6 20 6 6 5 0 0 4 5 6 6 6 6117 530 Mar. 2d Mon. 300,000 100 6 8 8 8 10 10 115 15 15 15 April, Oct. Boylston.............15 15 115 15 i5 15 15 120 1515 15 15 10 10 15 15 20 15 300 639 Apr. 2d Wed. 200,000 503 3 4 4 5 4 4 4 14 4 April, Oct. City................ 4 4! 5 4 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 97 161 Jan. 2d Mon. 300,000 1001 5 5,5 5 5 5 5 6 5e 5 April, Oct. Eliott...............5 5 5 5 5 5 5 5 5 5 6 6 6 6 6 8 8 8 10 10 124 242 July, 2d Mon. 300,000 2512 12 12 16 16 12 16 10 110 14 iJan. July, Firemen's............ 12 16 10 10 10 10 10 10 10 12 12 12 12 12 12 12 12 12 16 16 238 6268 Mar. 2d Mon. 300,000100 4 7 i 7 5 6 5 6 5 3 3 Jan. July Franklin............. 0 0 0 0 0 3 4 4 5 5 5 0 0 0 0 3 4 5 5 5 48 395 May. 4thMon. 300000 100.......!............................ April, Oct.! Hide & Leather................................. New, July 1. 1867. 3} int. 4 4 4 0... 15 Oct. 2d Thur. 200,000100 3 5 5 5 5 5 5 5 5 April, Oct. iHoward............. 5 5 5 55 5 5 15 0 0 4 5 5 5 5 5 5 5 99 145 In January. 300,000 100................................ Jan. July Independent..................................... New, M'h 19. 1867. 3'- 3/ 34 3! 31 3.... 21 Feb. 2d Mon. 100,000 100......................'.... Jan. July: John Hancock Life... New, Dec. 1862. 4 3 7.. 7 3 3 34 3.1 3 3. 3] 3 3>... 524 Jan. 2d Wed. 400,000 10010 15 15 20 15 15 10 10 115 15 April, Oct.i Manufacturers'...... 15 15 15 15 '15 15 15 15 115 15 15 5 5 5 6 10 1515 1515 [256 806 Mar. 2d Mon. 300,000100 5 510 5 8 810 6J8 5 May, Nov.i Mercantile...........S 5 5 6 515 5 16 6 115 13 6 6 5 5 5 7 8 7 8 7132 4533 Jan. 1st Tues. 500,000 100 8 10 8 8!10 8 5 8 8 10 April, Oct. Merchants'.......... 6 6 I 8 10 10 10 10 10 10e 10 5 8 4 6 10 10 5 7 10 8 1831039 Jan. 2d Wed. 300,000 t3026 6, 6 8 12 15 10 16 10 16 April, Oct. National............. 40 6 64 64 6 64 6Q 10 10 e 6} 3- 31 5 61 624 61 61 5 6 166 562 May. 1st Mon. 300,000100 0 6 5 6 10 10 15 10 124 10 April, Oct.i Neptune............ 15 15 15 15 10 10 15 315 15 15 10 5 60 0 5 10' 10 10 15 10 215 6412 Jan. 3d Mon. 200,000l100 3 3 3 3 3 3 3 3 3 3 Jan. July N. E. Marine........ 3 3 3 3 3 33 3 3 3 3 3 3 3 3 3 3 3 3 3 60..... Mar. 2dTues. 2)0,00100 5 5S 5 5 5 5 555 5 Jan. July'North American..... 5 5 5 5 5I 5 5 6 7 8 8 8 8 810 10 10 10 10143 2274 Apr. 2d Wed. 200,000 1001 New. 6 6 5 5 55 5 3 3 April, Oct. Prescott.............3 3 0 0 3 3 4 4 4 4 4 4 4 4 4 4 5 5 5 5 72 110 Apr. 2d Wed. 200,000100 3 4 3 4 5 4 5 5 5 5 April, Oct. Shoe & Leather...... 5 4 4 5 4 5 5 5 5 5 5 5 5 5 6 6 8 8 1010 115 158 Apr. 2dMon. 150,000'100....... New, Ap.11, 1859.!.April. Oct. Suffolk..............3 0 0 0 0 0 0 0 4 4 4 0 4 5 5 5 5 5 5 5 54 54 Nov. 2d Mon. 200,000 100...................................June, D)ec. Tremont.........................5 5 0.... 20 May, 1st Mon. 300.000 1001 0 0 0 5 1 5 550s 5 ' 0 5 lApril, Oct. Washington......... 5 5 5 5 10 10 110 10 10 _5 0 5 6 10 10 10 10 146 476 yy For extra dividends, also scrip payments on N. E. Marine, see notes. + Eliot par, $50 previous to Oct. '67; and National, $50 prev. to Nov. 15, '61. ~ Neptune, Oct. '64, see notes. II Including all extra cash and stock dividends. (e) Extra dividends in these years. (s) Washington, stock April, 1859. 0 do c te 0 lo co It a zt R. co | zt Q, <ac Notes on the Boston Stock Market. 61 NOTES TO INSURANCE DIVIDENDS. Alliance (Mutual). - Commenced Dec. 1, 1860. Closed in 1864, and called in and cancelled scrip, Nov. 1. American (Fire and Marine). — Original capital $500,000. Reduced, Jan. 11, 1820, to $300,000. Boston (Fire and Marine). -Orig. cap. $300,000. Never changed. Paid 15 per cent extra, June, 1859, and 5 per cent regular and 15 extra, April, 1865. Boylston (Fire and Marine). -Orig. cap. $300,000. Never changed. This company takes the lead in recent dividends, having averaged 30 per cent for twelve consecutive years. China (Mutual). -Commenced Oct., 1853, and has paid the following scrip dividends:1857 1858 1860 1862 1863 1867 1868 1869 1870 7 p.c. 12 12 15 15 10 10 35 40 The scrip is named for the year in which it is issued in Feb. Six per cent interest is paid annually on the scrip, and only that of 1857 and 1858 has been redeemed. Part of 1857 paid Feb., 1869; the balance, together with that of 1858, in 1870. As a fund of $500,000 had to be first accumulated before paying any scrip, it will, doubtless, be redeemed more rapidly hereafter. Cit (Fire). - Originally " Cochituate " Name changed to City, March 29, 1856. Capital increased from $150,000 to 200,000, May 31, 1864. Eliot (Fire). —Originally incorporated, Feb. 16,1849, as the "United Interest" Insurance Co. Capital $100,000, par $100. Feb. 7, 1850, par altered to $50. The charter required their place of business to be "located and kept south of Bedford Street," and operations commenced Feb. 1, 1851, in the "Liberty-Tree Block," corner of Washington and Essex Streets. Feb. 11, 1852, the Legislature changed the name to Eliot, repealed the restriction as to location; and the office was removed to Kilby Street, July 1, 1852, and thence to State Street, )ec., 1864. Paid 50 per cent extra, Feb., 1860. Commenced to increase cap. from $100,000 to 200:000, April, 1852, and about 50,000 paid up during the year; but not comleted until May 1, 1855, the stock being under par much of the time. Increased to 300,000, une, 1867, and par changed from $50 to 100 per share. Equitable Safety (Fire and Marine). - This Co. was chartered in 1839, for twenty years, and, with the exception of the " State Ilutual" in New York the year previous, was the oldest Mutual Marine Co. in the country. Annexed is a list of its scrip dividends, all of which' were paid, with the exceptions named:1841 1842 1843 1844 1848 1850 1851 1853 1858 1859 1861 17 p.c. 21 11 26 20 18 10 12 20 151 10 The Co. started without capital, and accumulated $579,915 in twenty years. The 15f per cent dividend, in 1859, was paid in cash. In 1855, the outstanding scrip was called in and reduced 15 per cent. Interest was paid on scrip in 1842, '44, '46, '49, '52, '56, '57, '58, '62, '63, '64, '65, all at 6 per cent, except 1852 at 7 per cent. When re-chartered, in 1859, a " Permanent Fund " was created, and on this 6 percent was paid in 1860; 7 percent in 1861; then 3 per cent, semi-annual, regularly, 1862, '63, '64; 34 per cent, 1865; 3, 1866, and 34, Jan., 1867. Declared scrip dividends, in 1861, of 15 per cent to holders of Permanent Fund, and 10 per cent to policy-holders. This was called in, April 18, 1866, and cancelled. Voted to wind up, Feb. 28.1867. All debts have been paid, but no dividend paid to Dec., 1870, owing to suits at law, and other unavoidable delays. [See remarks on the " Ups and Downs" of Insurance, page 54.j Exchlange (Fire and Marine). - Commenced business June 1, 1870. Capital $100,000, with privilege to increase to $300,000. Firemen's (Fire).- Orig. cap. $300,000. Never changed. A very successful company, as the dividend table will show, and its stock the highest on the list. The public quotations (being made at so many "dollars per share") do not fairly represent the market-value, as $85 - the par being 25 - is really 340 per cent. This company lost $30,000 by the East Boston fire of July 4, 1861, which was reported much larger at the time. Franklin (Fire and Marine).- Orig. cap. $300,000. No changes. Three per cent extra, April, 1842, not given in the tables, but included in the aggregates. Hide and Leather (Fire and Marine). -The first dividend, of 34 per cent, in table, was an adjustment of interest at the rate of 7 per cent on the amount, paid in. Hope (Marine). -Stopped issuing policies, July 8, 1857, and voted to resume, May 8, 62 Notes on the Boston Stock Market. 1858, on $100,000, half of old capital. Finally closed, July 9, 1859. Paid 6 per cent, March 27, 1861, and 1 per cent (final), Nov. 30. Had it closed its affairs in 1857, it could have divided at least 40 per cent. Howard (Fire). - Originally located at Lowell, in 1848. Removed to Boston, March, 1864. Dividends prior to 1856, and not in the table. In 1849, '50, '51, six per cent; 1852, '53, '54, and April, 1855, nothing; Oct., 1855, three per cent; Oct., 1865, fifteen per cent, regular and extra. Capital increased from $100,000 to 200,000, Oct. 31, 1863. Annual meeting not definitely "fixed " by the by-laws, but usually held the second Thursday in Oct. Independent (Fire and Marine).- New, March 19, 1867. Cap. $300,000. India (Mutual). -Commenced May, 1867. Paid, Jan., 1869, 20 per cent scrip dividend to subscribers, 10 per cent to other policy-holders. In 1870, to subscribers, 30 per cent, to others, 15 per cent. John Hancock Life.- Dividbnds paid on guaranteed fund, and were annual, Jan., 1866 and 1867. Lawrence. - Commenced business May 16, 1870. Capital $250,000. MIanufacturers' (Fire and Marine). - Dividends paid June and Dec., up to 1829, and only 5 per cent for that year, in Oct.; then 5 per cent, Dec., 1830; all since April and Oct. Dividends, in addition to those in the table, Dec., 1831, 4 per cent, and Jan., 1833, 6 per cent, included in total. April, 1842, cap. increased from $300,000 to 400,000, by a stock dividend of 33- per cent, thus giving to every holder of three shares an additional one. This dividend was better than cash (an unusual feature in many stock dividends), as the new stock was worth about 20 per cent prem., when first issued, - making the dividend equal to a cash one of 40 per cent, -and advanced to 130 per cent soon after. Although so successful in late years, it will be seen that for the first eight and a half years the annual dividends averaged less than 41 per cent! By the great fire in Portland, July 4, 1866, this company lost $228,000 (more than half its capital stock), which caused a reduction in dividends, and prevented its being the leading company the past ten years; but it has again returned to 15 per cent, semi-annually, and, taking twenty years in succession, has divided a larger amount than any Boston company. Other Boston companies lost by the Portland fire, as follows: National, $95,000; Howard, $22,000; Eliot, $8,000, and Prescott, $3,000. Total, $356,000, which was small, compared with the aggregate of insurance, $3,859,450. Mercantile Marine.-Orig. cap. $300,000. Never changed. Merchants' (Fire and Marine). -Conducted on the mutual principle, Oct. 1, 1844, to Dec. 31, 1845, and part mutual a portion of 1846, during which time the dividends were much smaller than previously or afterwards. Several other companies also adopted the mutual principle about the same time, but without success, except in the case of the Warren. In 1836, capital increased from $300,000 to 400,000, by a stock dividend of 33k per cent, and again in 1838, by a 25 per cent stock dividend, to 500,000; 20 per cent extra dividend, Jan., 1865, from proceeds of the Suffolk Bank extra on nine hundred shares. Previous to 1870, the stock of this company was not permitted to be sold in public. Prices are in a measure estimated. Metropolitan Fire and Marine. -This company was started in 1853, with $200,000 capital, but had a short and disastrous career. In Nov. 1854, according to the " Insurance Abstract," the late president (and treasurer) "left this city, having transferred to the company a hundred and seventy-five shares 'Union Iron Works stock,' at $1,000 per share, in lieu of $175,000 bank and railroad stocks sold by him." The balance of the capital ($25,000) had been previously invested in the same " Union " stock. National (Fire and Marine). -Authorized capital originally $1,000,000, but only 500-000 was called in. Returned 40 per cent of capital, Nov. 15, 1861, reducing from $500,000 to 300,000, and par from $50 to $30. First dividend paid Nov., 1833; all since, April and Oct. Extras, 26 percent, reg. and extra, April, 1856, and 40 per cent, reg and extra, April, 1861. Neptune (Fire and Marine). -Originally the " Charlestown Fire and Marine " Insurance Company, but removed to Boston, and changed to "Neptune" in June, 1831,-within less than four months, -and capital then increased from $100,000 to 200,000. The first two dividends (1834) were paid Jan. and Dec.; all regular ones since, April and Oct. Additional dividends, Jan., 1840, 6 per cent; June, 1842, 10; May, 1844, 15; Jann, 1845, 15; May, 1850, 20 per cent; and all included in the total of the tables. In Oct., 1850, the capital was increased by a 50 per cent stock dividend, from $200,000 to 300,000. Previous to this, the shares were selling at about 190 per cent, and the new stock was worth 40 per cent premium,. making the 50 per cent stock dividend actually worth $70 in cash, which, with tile dividends of 10 per cent in April, and 20 extra in May, gave the stockholders one hundred per cent in dividends for the year 1850. The dividend, Oct., 1864, was actually paid in gold (71 per cent\, then selling at 200, giving 15 per cent currency. New-England Mutual Life. - This is one of the oldest and most reliable of our life-insurance companies. Commencing to insure lives in 1843, it has issued in twenty-seven years, over forty-five thousand policies, insuring more than $120,000,000. Its members now number twenty-six thousand, whose insurance has reached $71,000,000; and the company has a fund of $9,000,000, well invested. Its receipts amount to $3,000,000 annually, and it has Notes on the Boston Stock Market. 63 paid in losses on policies since its organization, nearly $5,000,000, besides returning to its members surplus premiums of $4,500,000. New-England Mutual Marine. - The following are the scrip dividends issued by this company, and all have been redeemed except the years 1861, '63, '68, and '69, now outstanding. 1842 1843 1844 1847 1848 1849 1850 1851 1852 1856 1858 1859 6p.c. 25 14 15 8 16 20 15 11 6 6 4 These dividends represent the earnings on policies of the years as given, and were declared at the beginning of the year following. That of 1849, above, is for three months, to April 1, when the charter expired. This was renewed, and a " Permanent Fund " created of $200,000. The first of the dividends which follow were on that Fund, and the second on Policies. Those for 1859, declared Feb., 1860, were for nine months only. 1859 1860 1861 1863 1868 1869 14+6 p.c. 40+ 14 25+8 12+3 12+6 30+ 15 The average per year on policies, from 1842 to 1859, was 8.11 per cent; 1859 to 1869 inclusive, 5 per cent, and on Permanent Fund, 1859 to 1869, 12.1 per cent, with the addition of 6 per cent cash. North American Fire.- Orig. cap. $200,000. Never changed. Commenced at East Boston, but removed to the city in March, 1853. Prescott Fire and Marine. - Originally (April, 1856) the " Quincy," located at Quincy. Capital $50,000. Increased to 100,000, Oct., 1857. Removed to Boston, Jan., 1858, and name changed to Prescott, March 24, 1859, by act of Legislature. Cap. inc. June 1, 1868, from $100,000 to 200,000. Shoe and Leather Dealers' Fire and Marine.- Commenced Aug. 8, 1855, at 57 Hanover Street. Removed to vicinity of State Street in 1858. Orig. cap. $100,000. Increased to $200,000, May, 1860. Suffolk Filre. - The present company commenced business April 11, 1859. Cap. $150,000. The old Suffolk was originally chartered in 1803; but the dividends could not be obtained previous to the re-charter in 1818. The first after that was paid February, 1819; all since, April and Oct. An extra of 2 per cent, Jan., 1836. Capital originally $300,000, par $334, Cut down in 1840 to $225,000, and par made $25, which was soon after changed to $100, putting four shares into one. Voted to wind up, Nov. 7, 1856. Paid 60 per cent of capital, April 3, 1857, and 40 per cent, July 13. Surplus dividends were declared of 15 per cent, Jan. 4, 1858; 10 per cent, July 7; 5 per cent, July 2, 1860, and 44 per cent (final), Nov. 15, 1866, making a total of 1344 per cent paid shareholders. The property corner of State and Congress Streets was sold to the New-England Life Insurance Co., for $147,500. In 1759 it was valued at $4,500, and in 1804 sold for $39,281. Tremont (Fire). -Present Co. organized Dec. 19, 1867. The old Tremont paid 10 per cent extra, Aug., 1844, and 10 in Dec., making 35 for the year. The dividend for 1846 was made in Feb. Conducted on the mutual plan from 1845 to 1849, which accounts for small dividends at that period. The company commenced winding up its affairs in 1851, and paid 75 per cent from capital stock, Jan. 15, 1852; 12i, Nov. 1; 5, Oct., 1854, and 84 p. c. (final) Aug. 10, 1857, making 100] p. c. to stockholders. The Trenmont Mutual was organized in 1851, at the closing of the old Tremont, by the same officers, but had a short life, and, as late as 1868, made its only and final dividend of 434 per cent. United States (Fire and Marine). - Orig. cap. $300,000; reduced to $200,000 in 1826. Dividends paid Jan. and July, prev. to 1840; since, June and Dec, except for 1855, in Nov. Voted to wind up, Oct., 1862. Paid, in Nov., 80 per cent; Jan. 6, 1863, 10; Feb. 27, 1864, 17; making 107 per cent in all, or $534 per share of $50. Warren (Fire and Marine).- The first dividend was made Jan. 9, 1837; that of 1840, Nov. 6; the second, of 1842 and 1843, in Sept.; in 1847, July; and 1849, Jan. All others, April and Oct. Dec, 1842, 4 per cent extra. Two cash dividends were also paid the assured on their premiums, in 1843 and 1844, of 3 and 6 per cent, when conducted on the mutual principle; stockholders first receiving 6 per cent, the balance being divided equally between them and the assured. Orig. cap. $100,000. Inc. to 125,000, May, 1843, and to 150,000, May, 1844. Voted to wind up, Aug. 25, 1860. Paid 30 per cent, April 27, 1861; 15 per cent, Oct. 27; 10 per cent, Dec. 1, 1862, and 1 so8 per cent (called final), April 15, 1864; but a further division was made, May 17, of 331- cents per share, from unexpected collections, making a total of 57.13 per cent. Washington (Fire and Marine). - Increased capital from $200,000 to 300,000, April, 1859, by 50 per cent stock dividend. MANUFACTURING STOCKS. This class of securities may be termed an "exclusive " one; for it Is almost exclusively in the hands of certain capitalists, who have no desire to sell, when it is up, and can afford to hold it when down. It seldom finds its way to market, except in stray shares or in case of executors' sales, is the most variable stock of the lists, and exceedingly difficult to obrain reliable quotations of.. We hear little said of the immense losses incurred by this class of stocks, although many now sell below 74 cents on a dollar and some would not bring 50 per cent. The small amount thrown upon the market and the strength of parties holding them, prevents even further depression, which would occur, if subjected to the same ordeal as r iiroads or, considering that many of them pass not only one or two dividends, but sometimes half a doswn in sucoession. The small number of shares, too, in each corporation, (as the par is generally 61000,) prevents the market from being supplied with what is technically called L" floating stock," and completely exempts the securities from any speculative activity. The value of thi-s property as a dividend-paying security can be estimated by examining our list of dividend returns made to stockholders for a series of years. Manufacturtng companies have had their fat and lean periods, and the latter heve sometimes been very lean indeed; whilst the former, in some cases, have been quite plump. Highest and Lowest Prices-1835 to 1844, inclusive. MAurAcruata rochs - I 1835. 1836. 1837 1838 1839. 1840 ' 1841. 1842 1843. 1844. 1835 to 1845. Pr. Highest and Highest and Highest and Highest and Highest and High-st. and Highest and Highest and Highest and Highest and tLowest. Lowest. Lowest. Lowe;t. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Amoskeag.................1000 1450 1400 1440 1000 1100 810 1147 800 1138 960 972 785 106) 100 1120 1035 1260 1065 1390 1100 Appleton................... 100) 1145 1132 1145 1030 1028 700 i1195 960 1108 995 1010 970 1020 940 950 900 1065 845 1100 950 Boott Mills................ 1000 1035 103 1075 1035 1103 900 1083 945 1095 972 950 900 1035 955 10 0 930 1075 927 1200 14110 Boston.. 750 910 830 30 750 700600 680 590 690 645 730 G9J 720 600 650 600 660 635 725 600 Boston and Sandwich la,. 500 455 450 465 460 420............... 380 290..................... 54 44 73 9 Chicopee. 1000........................ 950 910 900 950- 920 900 8&50 800 700 6 67 5 650 650 550 1100 540 Cchero................... )O 728 721 770 25 700 650 980 625 683 517 545 525 5:5 530 550 500 490 470 561 540 reat Flls,...............1000 100 950 910 65 650 500 400* 50 30) 250 200)*... I 20 190 20:' 185 302 225 305 260 Ilamilton,............... 100 1150 1097 i 1228 1118 1150 940 1135 1000 1025 855 1039 1030 1025 995 850 800 1068 955 1125 990 Jackson................1.. 1000 1010 950 990 960 1000 810 1065 975 104(5 995 975 950 955 945 900 885 1035 890 9i)0 890 Lawrence................. 1000 1100 1(30)) 11(0 1000 1058 820 1030 880 1113 900 1025 940 980 968 950 F00 1045 887 1170 1045 Locks nnd Canals, (Lowell,) 600 1820 1450 1785 1555 14-0 900 1150 1000 1030 91 0 945 870 885 785 800 7,54 960) 700 1200 950 Lowell......1000 1180 1020 1083 1080 1000 980 950 930 1100 935 1050 1000 1045 995 1000 795 1010 104'0 1090 1010 Masai.chusetts Cotton Mills,. 1000.......New, 1S40. 995 857 1006 997 910 875 1028 940 1110 1000 Merrimack,.1000 1202 1142 1335 1250 1358 999 1385 1050 1140 980 1155 1030 1178 1147 1100 1000 1260 1125 1450 1244 ldlex,............ 1000..............................................................1130 1030 1280 1145 1275 1100 Nashua,................... 500 650 490 795 700 620 60......0 6 00 62.... 576 548 495 590 495 500 475 500 30 5.50 485 New ngland Glass......... 486 480 395 351 335 300 425 295 305 286 370 295 310 295 330 3 5 375 3471 Perkin................... 1000............1000 980 11 0 1030 Stark ills...... 1000........................... 1045 827 970 97 1020 980 1075 10 1120 1050 Suffolk,................. 1000 1180 1150 | 12:30 1200 1200 1100 11i05 106 1025 960 1050 1000 1095 1075 1070 1050 1075 1030 1200 1065 Tremont Mills,............. 1000 1115 1098 1148 1130 1100 1025 1105 1067 1110 955 935 930- 102i 950 975 920 109,0 1045 1190 106) York...................... 1000 1088 1078 1 1125 1010 1040 955 1070 955 1118 920 1000 9 0 1108 1087 1037 963 1135 920 1275 1097 ~ Great Falls-par $400 in 1838 and $200 in 1842. t Boston and Sandwich Glass —ar reduced to $100: stock uncurrent for some years, owing to heavy losses by fire. ' I4 I;a;t It, A cr5 &? o cr 11 MANUFACTURING STOCKS. Highest and Lowest Prices for ten years-1845 to 1855. 1845. 1846. 1847. 1848 1849. 1850. 1851. 1852. 1853. 1854. MANUFACTURING STOCKS. Par. Highest andl Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Lowest,. Lowest. Lowest. Lowest Lowest. Lowest Lowest. Lowest. Lowest. Lowest. Amobkeag..................1000 1600 1310 1500 1170 1510 1045 1125 960 1180 992 1000 925 1000 900 1185 870 1185 1096 1105 1030 Applet.'n,................ 1000 1040 960 1040 920 1000 930 1060 735 900 800 850 675 800 650 945* 650 945* 885 900 775 Atlantc Mills,.1000............ New. 910 900 675 650 700 500 750 600 750 550 945 575 975 900 880 780* Bates100New 1853 90 97 80........................... Bay State Mills............1000.... New 920 00 600 990 00 108 900 700 900 750 802 525 Boott Mills,...... 1000 1298 110 1253 900 1090 910 910 750 975 750 940 800 1050 800 1030 810 10b0 900 950 725 Boon........... 750 803 727 725 845650 650475 600475 0500 577 500 675 575 650 55 625 500 Boston Gas Light,. 500.................. 648 625 645 60 640 625 650 630 662 520 700 615 690 600 Chicopee...................1000 1100 920 997 800 990 600 660 500 650 450 650 500 500 400 500 400 600 500 530* 300 ochfco................... 650 700 655 650 520 530 400 450 400 475 425 530 600 530 520 5056 475 530 6 500* 00 475 Dwight.10oo 1190 1080 1100 990 980 850 925 850 920 900 875 850 850 660 870 600 870 70 0 25 600 ^ Great Falls,................200 829 292' 325 215 230 190 210 105 210 18.5 206 180 200 190 215 185 220 208 22 200 Hamilton Cotron...........1000 1100 990 1050 900 982 600 835 600 900 600 830 700 800 735 1000 700 1025 960 990 800* Hamilton Woollen...........t100................................................ ee divirdI'd notes. 65 50 86 63 96 85 102 100 Jackson................. 1000 lo 92 80 900 810 850 800 8800 00 845 785 50 830 800 760 700 600 65060 600 8756 Laconla........ 1000 1093 1085 1040 1028 1028 950 780 700 950 78O 800 725 800 550 10006751000 820 820 660 Lancaster Mills,.8....450 New, 1845. i....................850 400t 300 400 300 375 350 370* 316 375 345 350 3850 Lawrence...................1000. 1198 1062 120 1050 1150 1000 950 745 1020 860 920 700 850 750 980 00 1020 890 900 850 Lawrence Machine Shop..... + t.......New, 1853. 301 27 281 18 S Lowell, (average par,).......690 1150 1060 1160 960 1000 967 826 570000 0 526 550 500 540 450 500* 450 630* 610 610* 437 Qrq Lowell Bleacher,..........200......................................... 240 220 260 22 6 250 215 260 200 260 235 245 210 r Lowell Machine ihop....... 00 New............... 16........ 650 625 608 50) 500 400 475 200 426 275 437 425 400 875 Manchester Print Works,...1000 970 940 970 9 900 600 725 500 600 00 1080 950 1100 1050 1020 7456 82 700 850 750 g $assBachustts Mills........1000 1210 1080 1380 1100 1190 930 960 840 1010 700 930 700 865 680 1045 675 1045 960 975 82 erriack................ 1000 1513 1840 1430 120 1375 1200 1230 117 1420 1150 1265 1100 1190 1140 1315 1120 1400 1350 1300 1200 3 Middlesex,.................. 1000 160 1000 1300 1100 1250 1100 1500 950 930 25 945 820 870 840 825* 715 825* 750 775* 675 Nashta.................... 00 610 506 618 620 631 550 590 425 4721 407 40 400 500 400 485 380 465* 380 400 300 New Kngland Glas,........ 500 450 400 437 390 425 400 450 410 450 45 500 40 520 500 65 20 70) 6t;0 00 600 New England Worsted,.8.... 50 103 90 89 60 80 671 82j 65 6S CO 84 61 86 71 +48 14 35* 25 35* 17 Otis,..... PM 1300 920 1250 995 1093 1010 1025 925 1050 950 1080 1000 1050 1000 1000 850 1085 990 1075 1000 Palmer................... 1000 1080 1000 1125 890 1000 890 900 700 850 700 875 660 876 600 700 550 650 600 630 475 Pepperell, (W400 paid in,)... 500.........................................Ne........... N-w, 1862. 540 625 5265 450 Perkins....................1000 1148 1020 1060 950 1055 950 1000 900 1000 67 875 00 1030 600 750 600 810 700 700* 500 Salisbury........ 500 1010 1350 1030 1298 1150 1300 1025 1140 1000 1150 1015 1060 1000 100 990 1175 1000 10(0 900 Salmoln 1Falls.. 8.+65w500 + 332 330 8456 402 '50 466 600 600 500 500 500 400 435 410 400 350 400 325 325 250 Sandwich Glass,.-.. 100 70 66 86 81 9-2 80 86 83 86 83 104 80 118 116 123* 117 123* 120 120* 11 Stark Mills.................1000 1275 1030 1260 992 1000 850 970 700 925 725 825 720 700 500 030* 600 975 900 900 750 Suffolk................ 1000 1350 1100 1253 1120 12050 1120 1010 1000 1000 950 00 1035 665 1025 900 925 750 Thorndike,......... 1000 1070 930 1100.970 950 750 800 600 826 635 875 625 770 600 800 00 87 800 85 800 Tremont Mills,............ 100 1250 1125 1160 1105 1100 975 900 840 887 800 8 725 750 600 900 00 900 850 895 760 York.......................1000 1400 1203 1330 1080 1275 1120 1138 990 1125 900 940 850 90 800 1000 800 1000 835 88 600 t See dividend notes as to pr of Hamilton W'oollen Jackson, Laneaster. and New England Worsted. Lawrnce Machine, first par, $40; assessed $10 in 1866. Salmon Falls, par $800 i 1846, $400 in '46, and $60 sincs. * ox-Dividend. MANUFACTURING COMPANIES. Semi-Annual Dividends, from their Commencement to the present time. MANUFACTNMNG Cos. IntorOrated 1816. 1817. 1818. 1819. 1820. 1821. 1822 1823 1824. 1825. 1826. 1827. 1828. 1829. 1830. Appleton,.............. 1828 1828 1 0 5....................................................... 6 6 3 6 Boston, (Walthau,).... note. 1813........ 1 12.. 12 10 5 10 10 162 12112 12.j12j17j i*7 5 34 6665 2 2 6 Chicopee,............... 1823 1824.................................................................................. 4 440 0 6 Hamilton Cotton....... 1825 1825................................ 7 0 5 3 0 6 Merrimack,............ 1822 1823........................ 10 4 43 660 6 03 6 Nashua,............... 1823 1826.......................................................................................... 5 3 0 0 COMPANr. I1831. 183. o 18332. 1834. 1835 1836. 1837. 183. 1839. 1840. 1841. 1842. 1843. 1844 1845 gt couitneu.'d A0osteag,.............. 1831 Appleton,............... 1828 Bartlet.................. 1837 Boott Cotton Mills...... 1835 Boston, (Walthamn,)..... note. Boston Gas Light....... 1823 Boston and Saud'h Glass, 1826 Chicopee............... 1823 Coheco,................ note. Dwight............. 1841 Great Fal,............. 182 Hamilton Cotton,...... 1825 Jackson Co............. 1830 Lawrence,............. 1830 Low*ell,................ 1828 Massachus's Cotton Mills, 1839 Meru imack,............. 1822 Middlesex.............. 1830 Nashua,. 1823 New England Worsted,.. note. Otis......... 1840 Palmner,........... 131 P erkins,........ 1837 Salisbury,............. 1827 Stark Mills,.. 1838 Suffolk................. 1830 Thorudike, 1836 Tremont Mil,.......... 183 York,.................. 1831 note. 1828 12 12 8 1838................ 1833............... 1813 ft50 60 1*50 50 note........... note. Dv'd No 14 1824 10 0 9 5 1822......... 1842..... note.......... 1,25 6 12k 121 12 1831........ ';3,34................ 1828......5 10 4 184.. 1823 8 10 6 4,oru.......... 1826 0 5 note........ 1840................ 1832.......... 1838........ note..... 20 0 10 1840........ 1832........... 18'38........... 1832 1........... '32,'33........... ob" 50' 4 6 $60 50.'.'. bO..4 '3 '5 5 6........ i30 40........ 4k 4j 5 3 No 6.) 7 4 $70 0.....4 8 5 0 15 6 7..............5 8 7 8 6 $100 54 4 6 6 6..'"i6 0 8 4 3 $30 40 5 5 5 5 5 5...... 5 O i' 3 $54 50 5 5 5 10 1i6... 4 003 5 4 0 0 5 20s 5 0 4 1 4 1 56 a 30 0$30 $3i1 30 5 56 5 5 5 0 000 0 0 00 5 5 0 0 ( Div'd No.25) 121 21 0 0 4 5 20s 3 $80 0 0oo0 $50 50 5 0 0 4 5 5 5 0 0 3 20s 5 337s 7 4 8 11 10 5 10 10 5 00 5 0 00 6 5 0.;"" ' 10 0............... 10 0 6 20s0 5 65 6 0 0 6 6 10 0 0 0 5 18 0 0 4 3 $30 5 5 0 0. 0 0 0 0 0 5 0 0 0 3 0 0 3 6 notes o 0...... 0o 8 0 5 0 0 3 5 0 II 3 4 0 12 3 3 3 3 14 0 6 5 $30 30 5 6 0 0 3 0 $21 21 0 i 4 4 $2008 0 4 3 6 5... 4 5 3 3 8 0 0 4 4 6 5 6 6 5 8 5 4 4 0 0 3 0 f 2 3 4 4 5 0 6 6 5 66 8 3 0 5 6 10 0o 30 $40 40 6 56!i 6 0 3 3 00 8 4 0 0 0$21 4 7 8 10 0 6 7 10 0 6 7 6 03$bO 60 64 2 5 8 7 0 3 4 5 0 4 6 8 6 10 10 1 6 4 25s 10 00 6 8...10 10 25s...10 10 10 3 6 8 8 3 6 10 10 O 0 5 5 6 0 8 0 6 8 8 5 6 8 0 6 8 8 133 7# 10 6 10 6 6 6 38 8 10 40 650 56 6 3 8 6 6 $21 21 10 10 10 10 6 8 $64 80 6 8 6 8 810 10* 10 10 4 810 8 7 6 10 15 10 10 6 8 10 10 10 7 8 810 810 6 7 6 6... 6......15............ M..2............. 20 *io.014 ~i**-i-. --- —------..... 6 14 5.. 7.. - - -- - 6 -6 6 4 6..... {.."1 B 81 ]... '.. -1 -B 7 i 6 0 0 0 00 2 0 3 0 8 0 2 0 8 * Boston, 15 per ct extra, Jan., 1825. York, 10 Feb., 1844, and Merrimack 10 July, 1845. Great Falls, 25 per ct., Oct., 1846. (s) denotes paid in stock. Dividends marked thus ($), in the above table, are in dollars per share; all others in per ct. on the par value. MANUFACTURING DIVIDENDS CONTINUED-1846 TO 1856. COMPANIES. Location of Mills. Prea Par. Capital. Amookeag,............... A ppletn,. Atl;ntic Mills,......... Bates,................... Bay State Mills,.......... Bartlet Mills............. Boott Cotton Mills,........ Boston,................. Boston Gas Light,........ Boston & Sandwich Glass,. Clicopee,............... Cocheco,t................ Columbian,.............. Dwight.................. Great Fails,.............. Hamiiton Cotton......... Hamilton Woollen,........ Jackson Co,............ James Steam Mills,....... Laconia,................. Lancaster Mill,......... Law'rence,................ Lowell,t................. Lowell Bleacherv,........ Lowell Machine 6hop,.... Lyman Mills,............. Manchester Print Works, Ma-sachusetts Cotton Mills, Merrlmack.............. Miildlsex,............... Nashua,................. Naumkeag Stean Cotton.. New England Glass...... New Eng Worsted, (old)... O ris.................... Palmer,................ Pepperell ($100 paid in,).. Perkins,................. Portsmouta Co.,........ Salisbury,............... Salmon Falls............ Stark Mills,............ Suffolk................. Thorndike,............... Tremont Mills,........... York,.................... Manchester, N. H. Lowell,.......... Lawrence,........ Iewi,-ton, Me..... Lawrence,....... Newburyport,.... Lowell,.......... Waltbam,....... Boston,......... Sandwich,..... Springfield,...... Dover, N...... Mason Village,.... Springfield,...... Souiersworth,N. 11 Low.-l,.......... Southbridge,..... Nashu, N. I.... Newbur. port,.... Biddeford, Me... Clinton,......... Lowell,......... Lowell,...... Lowell,......... Lowell,........ Iiolyok,....... Manchester, N. H. Lowell.......... Lowell, Lowell,.......... Nashua, N. H.... Salem,.......... Cambridge...... Saxonville...... Ware............ I'almer.......... Biddeford, Me..... Spri. gfield,... South Berwick,Me. Salisbury,........ Kollinsford, N. I. Manchester, N H Lowell,........ Palmer,......... Lowell,......... Saco, Me......... 8,000.000 600,000 1,800,000 800.000 1,800,000 850,000 1,200,000 4560,( 800,000 700,000 1,300,000 200,000 700,0,0 1.5t6 ).0 ) 1,200,000 600.000 600,000 250,000 2,000,000;oo,ooo 300.000 600,000 1470,000 1,800,000 1,800,000 2,,o00,000 1000,000oooooo 1,000.000 700,000 500.000 225,000 600,000 160,000 800,000 1,000 000 183 200 661,000 1,000.000 1,250,000 600,000 450,000 600,000 1,200,000 1000 1000 100 10W 1000 500 1000 750 500 100 1000 650 1000 1000 1000 100 note. 100 450 1000 note. 200 500 100 1000 1000 1(00 10()0 500 100 500 50 1000 1000 600 1000 400 1000 600 1000 1000 1000 1000 1000 Annual Dividends, Meetings. Payable. Last of July. Feb & Aug. Jan, 1st Wed. June & Dec. Jan, 2d Mou. June & Dec. June,4thWed. Feb. & Aug. May, 2d Wed May & Nov. May, 3d Mon. May & Nov. May, 2d Mon. May & Nov. Oct., lst Tues. April & Oct. Mar., 1st on. Mar. & Sept. Jane, st Mon Jan. & July. J'e, last Wed. J,,ne & Dec. June or July. Jan. & July. Feb, 2d Wed April & Oct. May,lastWed. May & Nov. In July. Feb. & Aug. J'e, last Tues June & Dc J'ly, 3d Thur Jau. & July. In June. Jan & July Nov. See note. May & Nov. J'ly,4rh rhur. Feb. & Aug. In July Jan. & July. April, IstTues. Mar. & Sept. Jan., st Wed. Jan. & July. July, 3d Mon. Jan. & July July, 2d Mon. In May. Feb, lAt Wed Feb. & Aug. ~ee note. Jan. & July. Jan.,4th Mon. Jan. & July. June,3dWed. June & Dec. See note. Jan. & July. In June. Jan & July. Jan, 3d Wed. Jan. & July. Mar., lstWed April & Oct. July, 2d Tues. Jan. & July. Feb., 21 Tues May & Nov. Sep, 3d l'hur.| Feb. & Aug. J'ly, 4thThur j Feb. & Aug. J'e, last Wed. June & Dec...............Jan. & July. July, 2d Wed. Feb. & Aug. June or July. Jan. & July. Last of June. Jan. & July. Mar., lstTues. Feb. & Aug. Feb., 2d Tues Feb. & Aug. Mar, lst Tues. Feb. & Aug. J'ly, 4th Thur. May & Nov. 10 26s 8 4 New New 38 4. 10 6 $60 60 5 5 8 5 6 0 $21 21 12i 121 8 8 12 101 6 4 See $80 80 6 7....... 3 New 10 6 0 6 10 6 12 0 New New 10 10 10 6 10 5 10 10 New 10 10 4. 0 8 0 13 3 New 8 5 6 6 10 6.....121 10 10 10 8 9 6 10 6 10 10 6 26s 3 0 1849. 1849 4 0 5 3 30 30 6 6 6 6 3 3 21 21 7 6 6 4 6 5 3 3 note 70 40 6 0 3 3 1845. 6 4 4 6 8 15 10 1854. 1846 15 4 6 4 8 4 8 6 1847. 8 8 0 3 8 4 1862. 6 4 6 5 6 6 10 4 8 8 5 3 4 3 4 3 6 6 0 3 8 2 0 8 3 2 20 20 5 6 5 3 0 0 21 21 0 3 3 3 6 3 3 2 32 32 0 0 0 2 0 $;25 6 5 20..... 3 8 4 8 0 4 26s 3 10 8 0 151 0 6 0 3 1846. 1847. 1848. 1849. 3 20s 3 3 8 8 2 0 20 20 6 5 3 3 3 0 21 26 5 6 4 4 3 3 3 3 3232 3 8 0 0..... 3 3 0 20 5 71 10.. 3 8 258 4 0 0 0 4 4 4 10 10 8 0 8 10 0 0 1850. 1851. 8 3 0 4 38 80 0....... 10 0 112i 0 33 33 25 25 20 0 5 6 6 6 338 3 32 0 0 26 26 21 0 73130 43 20 33133 3 3 0 3 32 24 124 0 O o 0 0 8 olo 3 131 0 13 432 0 4 8 2 0 20 20 20 0 8 656 6 6.. 4.. 4 44 4 4 14 4 2333 4 3,3 0 4330 4 813 0 8 0 460 o 0 54 42 6 8 4 010 0 5 25s6 6 3000 21 0 0 0 3 000 5 06 0 3 0 0 3 3!8 3 1852. 1863. 3 3 4 4 8 8 4 4 3 4 4 6 0 6 8 8 8b1 4j 4 8 4 4 4 26 25 25 30 6 5 5 6 8 8 8 6 0 0{2 2 0 26 26 30 3 3 5 7 3 304 33 4 5 446 5.. 33 0 0 0 0 8 3 44 0 4,4 4 10 13i 1318 3 414 6 20 0 20 30 56 55 5 5555 3.. 6.. 20a O0 0 0 2 4 4 5665 3 0o3 3 0 3 33 0 415 5 5 6 615 6 o 0 0 3 8 4 6 8 0 lo o.... 4 4 3 3{2 2 00 o 0 4 0004 5 0 620s 0 212 3 0 8 3 4 4 44 0005 0 3 44 8 83 4 3 1864. 44 4 4 4 4 4 6 4 8 4 4 4 4 26 20 5 6 6 6 00 30 30 6 3 2 6 6 6 4 4 6 00 4 3 04 18 18 4 4 30 30 6 5 8......4 00 4 4 6 6 4 3 33 6 4 6 5 3 2 6 6 3 0 4 4 8 0 4 4 0 0 0 0 4 8 4 3 6 4 4 4 3 0 1865. 3 3 4 4 4 4 8 4 0 0 8 3 08 2020 6 6 6 5 0 0 0 18 3 3 03 4 4 4 4 6 6 00 0 8 0 3 10 0 20 0 45 0.. 4 4 2 3 6 6 0 3 0 0 4 4 6 4 0 0 8 4 0 0 4 4 2 2 44 0 0 0 0 8 4 04 2 8 0 8 00 el V. 1i ea. cI:I 2Q. C? 3. 5544 5003 4444 0003 3 2 8 0333 0208 3 8 20s 8 I. t The Boston, Cooheco, Jackson, Lanoaster and Lowell dividends are in ' dollars per share;" all others per ct. on the par. (s) denotes paid In stock. NEW ENGLAND MANUFACTURING STOCKS. Highest and Lowest Prices for fifteen years, - 1855 to 1870. 1855;-1 1856. 1857. 1858. 1859. 1860. 1861. 1862. MANUFACTURING 1863. 1864. 1865. 1866. 1867. 1868. 1869.t Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. Uigh. COMPANIES. Par. Low. High Low. High. rLow. High. Low. High. Low. High. Low. High. Low. High. 980 T065 820 1010 680 920 750 1000 925 1000 975 1195 850 1060 1075 1430 Amoskeag....... 100 1000 1615 1085 *1350 1025 1400 *1220 1550 *1390 1505 1410 1703 1475 1700......................................................... Not quoted. Androscoggin.... 100 1204 151 134 192 152 2174 160 230 *125 200 *123 1551 102 140k 725 830 775 91 75 8 *725j 1000 9701050 9901205 850 1160 10501310 Appleton........ 1000 9901245 997 1230. 9651300 1097 1305 *1002 1205 *1002 1325 1210 1380 723 850 670 835 500 670 500 800 *730 840 800 980 f50 *800 55 *87 Atlantic......... f100O *68 110 71 110 70 1213 80 ]10" 70 91- *80 100 711 901 8) 94 821 91 50 85 55 100 88 109 97 120 94 1132 105 200 Bates........... 10U 140 170 140 178, 135 185, *145 175 98? 146: 1 125 9912 425 600 350 425 22 375 1 32 Failed. See notes. B......y State........ (................ 750 840 650 773 450 650 460 500 500 720 707 00) 550 815 700 1000* Bloott............ 1000 *740 1098 752 1050 7651150 11001175 11501325 11'50 1 240'1475 *470 575 500 550 450 520 430) 500 500 550 550 707 550 702 620 960 Boston........... 1000 600 770 650 740 570 78(0 7751200 1100 1200 1100 1403) 1250 1450.............330 425 403 430 342 430 300 352 300 400 Boston Duck.... 700 400 500 475 510 510 8U7 *625 750 600 665 585 705 575 6721 600 647 640 660 *633 665 650 700 *690 712.i 65 750 600 718 *705 872;, Boston Gas Light, 500 77o 987^ 705 895 735 810 73'~ 770 740*775 75 820 *785 *820 250 310 250 300 100 270 100 250 245 315 230 360 t90 290 120 181 Chicopee......t.. 100 163 2022 160 185 111 260 250 277 *250 282' *230 P022 275 315 475 500 400 480 325 410 325 475 *45 525 *447 533 365 512' 440 600 Cocheco......... 500 425*600 425 512 465 702' 650 772' *600 860 *600 782. 603 740.................................. Continental...... 100............... New. 97 124 80 107 80 Y8 70 85 525 600 *500 600 350 525 400 500 500 638 580 750 445 661)535 875 Dwight.......... 1500 *5801 995 500 835 517 795 605 800& 440 6071 425 627' 450 635................................................ 9 102 84 93 833 119* Everett.......... 100 *1171 160 118} 175 119" 1704 154 188^ *120 1601 *120 1474 100 1281......... 75 80 80 100', 85 111 78 96 80 110 Franklin......... 100 106 160 104 135 120 190J 150 205 *125 160 *125 163' 100 145 *200 210 185 206 130 198 130 170 170 *200 *190 230 150 210 185 201 Great Falls......flOt *190 260 187 224 164 2171 190 220 140 199' 143^ 190, 100 160 875 900 850 9.5 *700 890 700*960 770 955 *850 1025 740 93721 775 1050 Hamilton Cotton. 1000 7SO 1068 773 1063 725 1040. 815 1040 705 *955 7004 )10 750 947 I 97 105 100 108 *100 110 *105 120 120 135 135 180 *120 160 125 22 ' D)o. Woollen.. 100 2691 3o2' 2190 550 315 430 282 320 290 310 259 20.5 260 276 80 831 70 83 50 72 45 90 80 107 90 1164 88 105 99 145 ill.............. 140D 172 145 200 114 118 174 242 *171 210 *172 250 1191 230 375 475 475 550 430 525 450 550 550 705 680 1040 *700 OU1000 885 1400 Jackson.........11000,1000 1198- 1000 1150' 950 1300 975 1150 970 1055 970 13.50 1200 1300................................................ 24 293 23 27 271 33. James Steam.... 2 26 52J 34-, 554 27,1 534 324 434 16 38 12 20 7 12....................................................... Kcarsarge....... 10.......... New. 100 105 64 100 4'L 80 60 80 645 700 550 700 450 600 450 700 700 800 1040 675 1000 900 1595 Laconia.......... 1000 845 1425* 950 125010051415i 11751523.1 9301225* 9601153 850 1135 260 300 275 300 225 280 250 283' 265 318 295 4JO *225 3.50 2460 420 Lancaster........ f400 31.5 500 3t'0 480 4(10 630 502 805 *575 80(0 *572 765 650 740 825 870 790 870 6570 810 650 830 750 875 840 1000 700 900 810( 1125 Lawrence........ 1000 705 1200 750 1015 790 1000 755 9522 600 757' 600 885 682', 785 405 430 430 480 400 450 400 555 *535 650 600 780 *00 6.5.5 590 900 Lowell........... 690 800 1065 900 1310 750 1025 850 1000 *800 1003 845 1070 95241058 *210 2.30 220 240 "220 240 220 245 235 245 235 2.50 '220 246 227', 250 D)o. Bleachery.. 200 228 2.53 225 245 230 250 240 265 250 3.50 *300 360 350 375 322 375 250 300 200 2)7 155 200 190 235 230 430 *275 375 300" 4824 Do. Mach. Shop, 500 395 600 400 550) 395 500 405 475 450 505 475 540 492', 580 60 8.5 68 77 45 73 42, 65 603 67. 65 924 57 73 69 974 Lyman......... 100 73' 128' 884 1031 821, 115 87 110 62 892 621 82' 671 *87 500 *800 675 750 650 760 6731015 *910 1030 *962 1175 800 1010 1000 1700 Manchester Print, 10 00 215 3. 7 210400223521 1425 181) 1300 1558 1201475 870 1380 730 825 700 800 600 765 600 800 775 890 795 1020 750 1000 015 1388 Massachusetts... 1000 770 ]1253 745 1020 775 1078 875 1075 820 950 820 109.5 872.'1043 1145 1225 1075 1200 903 1140 1000 1240 *1155 1290 '1070 1295 k950 1160 975 1253 Merrinack....... 1000( *870 1725 875 1170 900 1450 1140 1540 '1365 1510 1400 1700 *1200i 1655 450 550 450 500 150 585 135 220 95 180 97 118 9.5', 140 135 325 Mfiddlesex........ l100 2924L 361 "240 400 20)5 2:57' 180 210 163 188 170 1904 150 181 275 305 250 330 225 290 240 *325 325 395 385 525 *325 510 470 775 Nashua........... 500 560 750 575 795 625 865 597780 515 705 *515 727' 550 6777......100 103 90 103 *92 105 *100 111 105 133 105 127 10.5 16234 Naumkeag....... 100 82 125 90 123 89} 133 1204 1674 *109 145'*109 160 "111 1441 550 620 450 525 425 510 420 520 525 550 530 625 450 575 475 550 New Eng. Glass.. 500 540 6.'0 650 765 700 730 725 800 *700 850 *(i55 725 585 665 1000 1080 10001060 765 1050 800 1000 950 1025 980 1050 8501075 9001075 Otis............. 1000 900 1130 1000 1550 13001550 14001600 *10J 1400 1000 1200 1100 1200 4471 595 245 400 50 400 110 600 600 840 800 1040 *725 900 800 1420 Pacific........... 1000 1330 1993 1625 2240 1550 2240 1750 2100 k1675. 1998 *1675 2065 1800 2120 450 550 520 625 400 575 425 620 570 620 615 80.5 *610 710 *670 1350 Peppcrell........ f500 *1050 1250 1080 1233 9501260 10601378 880 1200 *902 1033 7971 995........... 244 45, 30 40 34 37} Portsmouth St'm, 50 49 774 5.5 61j 20c $ 55 Failed. See notes... 600 900 190 500 lO 230 100 128 116 13 113 140 112 140 1:0 360 Salisbury........l 245 301 270 325 248 310 245 22'! p190 269' 180 207'. 149.', 2133 200 300 *300 345 200 300 200 235 215 *275 275 403: 246 420 300 495 Salmon Falls..... 300 357, 62* 350 635 300 395 300 302' 220 300 220 310 270 320 95', 104 65 90 40 67 38 6.5 50 75 65 81'. 50 70 50 80 Sandwich Glass.. t8' 80 10J' 1001 125 103 123 115 135 93 1271 80 100 77 90 720" 750 750 875 550 775 600 815 705 845 720 1000& 700 9.50 873 1200 Stark Mills....... 1000 885 1200 860 1300 1025 1300 1050 1275 950 1160 950 130) *1100 1350 700 750 750 850 500 825 600 750 725 870 840 10JO '725 910 810 995 Suffolk........... 500 74.5 1030 755 93) 600 12)I1 855 1010 300 8771 300 475 400 475 540 750 450 560 350 525 350 400 350 400 375 420 300 405 325 600 l'horndike....... 1000 500 610 50 735 595 725 595 675 405 600 310 405 375 650 700 7530 700 823 545 750 585 750 *710 750 715 930 650 830 770 900 Tremont........ 500 565 055 600 825 600 1010 880 1025 300 830 300 477' 42.5 475............................................... 57 751 45 68'1 65 *147IV Washington 100 144 1981 179 250 150 230 150 1794 125 1554 117 140 95 124 500 625 500 600 500 600 525 775 775 960 921 1200 *850 1000 *980 1300 York Mills..... 1000 1120 1555 11l50 1388 1055 1400 1:100 15.55 *1090 15001 1200 1365 1257 1450 * Ex-dividend. f See notes for changes in par values. See Appendix for prices of 1870 in detail. I a t-.d a, eI {. 9 cl^ 4u, 9 NEW ENGLAND MANUFACTURING 'DIVIDENDS,-1856 TO 1871. Capital i 1871. 1856. 1857. 1858. 1859. 3,000,000, 4 C 1,000.000....... 600,000 4 4 1.500,000 4 4 3510,000 31 S 1,500,000 4 4 1,200,000 3 2 6)0,000 $20 $2C0 350 00 $3, 5 $21 420,000 0 1,000.0o0 $20 $21 280,000 3 2 900,000........ 750,000 0 3 800,000........ 1,000,000.. 1,500,0j0 4 4 1,200,00; 4 4 600,00.i 5-3-3-4 1,000,OOu lOs 4 600,000 0 U 250,000 3 3 1,007,00v 2 3 800,oo $131 $18 500,000{. 1,500,000 4 4 2,000,000 $30 $30 300,000 5 5 600,000 8f 1,470,000 4 4 1,800.000 0 0 1,800,009' 3 4 2,500.000 5 5 75o,00o 0 0 1,000,000 3 3 1,500,000 4 4 600,000U$28 $25 500,00 0 4 500,000 4 4 2,500,0....... Closed O 0 1,000,000 4 4 137,400 3 3 1,000,000 0 0 600,000 3 3 400,000 4 0 1,250,000 4 4 600,000 4 4 450,000 3 3 600,000 3 3 1,650,000. 1,200,000 0 0 I 0 3. 0 3 4 44 t 4 013 3 3 00 4 4 0 C 0 00 C $20 00 C $21 $120: 0 00 C $21 $21 0 $21 3 00 C 3 2 0 U 4 3 0 U 4 3 3 4 15-3-5-03-3-4-4 4 40 U 0 00 C 0 0 0 5 3 30 o $131$15 0 $10 4 0 *0 $25 $20 0 $20 5 63 3 3.. 0 4 40; 4 410 IU 4 4 0 5 3 4 5 3 20 ( 0 40: 4 44 4 $21 $21 0 0 5 44:; 4. 00 4 0 00 4 4/0 4 3 3 30 o 0 00 0 3 00 0 0 00 0 4 30 0 4 00 0 3 00 0 4 40o o0 0 0 3 3 4 4 5 5 3 4 4 4 5e 5 0 0 $2.5 $30 3 3 0 0 $25 $30 0 4 0 3 0 3 4 4.5-10-5-4 lls 5 2 2 5 6 3 3 $131 $18 4 4 $33 $801 5 5 0.. 0 0 4 5 4 4 5 5 0 0 3 3 5 5 0 $21 5 8 4 5 4 0 0 4 5 0 3 15 10 0 0 0 0 4 4 4 4 0 3 3 3 1860. Dividends ' ayable. 4 5 Feb. Aug........ Jan. July 5 5 ]June, Dec 4 4 Jan. July 5 6 May, Nov 5 6 Jan. July 4 4 May, Nov. $30$40 April, Oct. 3 0 Feb. Aug. 0 f8,I Jan. July $21$26 Jan. July 3 3 May, Nov........ -Jan. July 3 4 Jan. July...... June, Dee 5 5 [Jan. July 4 5 {Jan. July 4 5 [June, Dec 10-4-4-41 See notes. 5 5 Jan. July 3 5 Jan. July 8 10 NMay, Nov 3 4 Feb. Aug $18$20 Jan. July........ Jan. July 4 5 May, Nov. $40$40 June, Dec. 5 5 Jan. July 5.. [May, Nov. 3 4 Feb. Aug 5 5 Jan. July 4 5 Jan. July 5 5.June, Dec 4 5 See notes 4 5 Jan. July 6' 7 Jan. July $21$21 1Jan. July 6 5 April, Oct 6 6 May, Nov 4 4 Jan. July 4 3 Feb. Aug 5 6 Feb. Aug 3 3 Jan. July 71 7, See notes. 3 3 Jan. July 5 5 'April, Oct. 4 5 Jan. July 4 5 Feb. Aug 21 3 Feb. Aug 3 4 Feb. Aug........Jan. July 20 5 May, Nov. N. E. MANUFACT'G COMPANIES. Par. Amoskeag........ 1000 Androscoggin..... 100{.. Appleton Co...... 1000 Atlantic Cot. Mills, tl00 Bartlett St'm Mills, 100 Bates.......... 100 Boott Cotton Mills, 1000 Boston...........fll000o$2 Boston Duck Co.. 700J Chicopee.......... t100! Cocheco.......... t500!$; Columbian........ 1000 Continental Mills.. 1001.. I)wight...........t500 Everett Mills..... 100{.. Franklin Co....... 100 Great Falls....... t100 klamilton.........11000 Hamilton Woollen, 100 6 -Hill.............. 100 Jackson Co........ 1000 James Steam Mills, t25 Laconia Co.......1000 Lancaster Mills... t400 $ Langdon.......... 1000. Lawrence......... 1000 Lowcell............ 6901$ Lowell Bleachery. 200 LowellMach.Shop, 500 Lyman Mills...... 100 Mlanchester Print. 1000 Massachusetts Cot. 1000 Merrimack........ 1000 Middlesex Co...... t100 Nashua......... 500 Naumkeag Steam. 100, Newmarket...... 00,$ New Eng. Glass.. 500 ()tis Company.... 1000 Pacific Mills...... 1000 Palmer......... 1000 Pepperell........ Portsmouth Co.... 300 Salisbury Mills.. t100 Salmon alls......tt300 Sandwich Glass... t80 Stark Mills........ 1000 Suffolk........... t500 Thorndike........ 1000 Tremont Mills.... t500 Washington Mills 100 York............. 1000 I.861. 1862. 5 4 4 -6 3 0 3 3 6 5 2 0 0o$30 0 3 4 0 15 0 3 3 4 2 5 3 5 3 0 6.4-4-4 5 5 5 3 5 8 4 3 20$131 5 tf3 5 $25 5 5 *8.. 5 5 16] 121 5 5c 0 4 6 10 6 6 4 5 $30 $40e 3 4 6 6 $25 $25 3 4 4 4 10 4 4 4 5 4-3-3-6 5 5 5 5 10 10 4 5e $12 $13J 4 4 $40 $60 5 5 6.. 4 5 4 5 4 5 4 10 6-5-10-10 5 5 4 5 $28 $35 4 3 5 5 4 4 3 3 6 6 5 5 10 10 4 4' 3 31 5 5 4 4 3 3 44 3 4 Se 5e 1863. 10e 5 30 10 5e 5 4 4 5 3 20e 10 5 4 $40 $40 3 4 6 6 $40e $50 3 4 5 41 5 5 4 4 10 5 5 3 13-71-5-10 5 5 5 5 20c 10 Se 5 $221 $22' 5 0 10 5 $40 $60 5 5 9 5 5 20 20) 5 5 5 3 20-15-10 30 10 66 0 $100 $35 7 5, 5 10 10 12 4 20e 20 6 5 lOe-71-71-7 5 Oe 5 5 10 5 8 4 3 3 4 3 5 10 Se 5el 1864. 1865. 1866. 1867. 4 5) 5 6 10 10 25 15 5 5 5 20 4 4 4 0 3 3 0 25 10 10 10 10 4 4i 0 10 $40 $40 $30 $33 4 5I 6 6 6 10 j 6 20 0 0 $25 $20 4 3j 0 5 3 3 3 0 10 10 5 10 4 4 4 5 5 5 5 0 3 3 0 5 12 -78 -7t-1o035-7 -717 5 51 5 5 5 10 10 5 15 20 5 25 5 5 4 15 Oet f5 61 0 5 10 5 3 3! 2 0 $70 $50 $30 $40 o 5 5 5 8.. 8. 5 5 5 5 20 20 20 4 3 4i3 3 3 3 3 20 10-10-10e-7&i 7 -71-7,-5 0 5i 4 0 $35 $42 $70 $21 10 10 10 10 10 10 1lo 10 12 12 12 10 Closed............ 2J 30 10 10 4 4, 5 4 7-72-7- 7-7 20- o -7- 7,4 4i 0o 3 6,1 10 1C 10 4 5 10 8 3 3 0 0 4 4 4 0 0 0; 0 0 10 10 12 8 15 5 5e 10 12 10 25 20 10 10 10 4 5 10 25 10 6 10 $50 $50 10 4 30 15 $40 $50 5 5 6 3 3 10 5 10e 10e 5 3 0 5 15-7.T-7.,-7: 10 20 15 5 10 10 20 5 20 25 25 25 3 0 $50 $60 5 5 8 4 6 3 12 6 7 0 71 15 10-5-5-5 25 10 10 10 $100oo $50 10 10 10 10 14 12 30 ii 81 4 15-5-10-7: 7 3 12,e 10 12 5 0 0 0 o 0 0 10 10 10 5e 10 10 20 5 5 5 0 3 4 0 5 0 5 5 o10 6 5 3 20 8 $50 $50 0 0 0 0 0 0 5 5 10 5 3 0 0 0 12'-71-7 -5 20 12 5 5 5 0 6 5 10 25 25 20 0 0 $60 $60 10 5e 8 4 3 0 6 4 6 0 10 71 5-5-5-5 10 5 12 8 $70 $35 10 5 5 5 12 12 12 10 4 4 71-5-5-5 6} 61 10 5 0 0 0 0 0 0 10 5 5 5,ee notes. 1868. 6 10 5 5 10 10 3 4 0 0 0 5 5 10 5 10 3 5 10 25 $40$40 0 3 0 5 0 0 5 5 5 5 0 4 4 4 5-5-5-0 6 12 3 10 0 0 3 6 10e 15 10 10 0 3 $50$70 5e 5 8 4 0 0 0 4 0 7 10 10 5-3-4-3 3 5 5 10l $35 $70 5 5 5 10 6 12 5 10 0 4 5 5 0 5 $3 $3 5 10 0 0 0 0 0 0 0 4 5 5 1869.] 10 7 5 6 8 4 4 3 0 0 0 0 6 6 10 6 5 3 25 15 f8 8 3 3 0 3 0 0 3 0 0 5 OS 0 0 4 3 15-10 10oe 6 10 10 0 0 5 5 10 10 8 10 2 3 $50 $50$ 10 10 8 4 4 4 5 0 7 4 7 3 5 8 8 3 10 5 $70$40$ 5 5 10 10 12 12 10 10 0 0 7- 5 5 4 $4 $4 10 5 0 01 0 0 0 0 10 iol L870. 1 10 4 6 0 3 10 1 +5 3,40 $5 10 1 $2 I i 4 4 4 3;31f $15 4 4 10 10 12 6 10 10 0 0 5 5 4 3 $3 $3 4 3 0 0 0 3 0 0 4 0 8 10 t3 3 5 4 6 5 -- I -- -- — ~ --- — _._ -- -- 4- Dividends all per cent unless the ($).mark is attached. t See notes for changes in par and other details. (e) Extra dividends in these years: s (s) Payable in stock. Notes on the Boston Stock Market. NOTES TO MANUFACTURING COMPANIES. ANNUAL MEETINGS. -These are held at the location of the mills, when out of this State: those of the Massachusetts companies are usually held in Boston. Amoskeag. - Originally a Land and Water Power Co., and did not commence manufacturing until some years after its incorporation. Has been very successful; with a large surplus, besides having invested considerable amount of earnings in the erection'of mills, and otherwise extending its business-facilities. Orig. cap. $600,000. Increased at different periods up to $3,000,000. Extra dividends in 1846, '47, and '49, of 25, 25, and 20 per cent, in stock. March, 1863, 10 per cent, cash. Androscoggin Mills. -New in 1861. This company lost $420,000 by failure, in 1870. Appleton. - Orig. cap. $500,000. Increased to $600,000 in 1839, by the 20 per cent stock dividend in the table for 1838, which was not actually paid until Jan. 7, 1839. Extra dividends, 10 per cent, Oct., 1862, and 10, March, 1863. Atlantic Cotton illills.- Reduced cap., Dec., 1859, from $1,800,000 to $1,500,000, by purchasing and cancelling three hundred shares. Par changed from 1,000 to 100 (one share made ten), Oct., 1861. Bartlett Steam Mills. - Orig. cap. $90,000. Increased to $200,000 in 1839, and to $350,000 in 1840. First dividend paid, Jan., 1840; then May and Nov. Bates. -Originated in 1852, by a 40 per cent stock dividend fiom the Lewiston Water Power Company. First capital $400.000. Voted, in 1854, to inc. to $800,000; but not all paid in, and finally completed by a 10 per cent stock dividend, Jan., 1859. Increased from $800,000 to 1,000,000, Jan., 1863, by 25 per cent in stock (included in the 45 per cent in table), and to 1.500,000, Feb. 1, 1870 at par. Lost $179,000 in 1870, by failure. Bay-State Mills. -- Orig. cal). $1,000,000. Inc. to $1,600,000, April, 1850, and to 1,800,000, March, 1851. Failed in 1857, and the capital stock was an entire loss, the " Washington" being organized on its debts. Boott Cotton Mills. -Dividends paid Feb. and Aug., until Nov., 1851. Boston. -Established at Waltham in Feb., 1813, with about 1,700 spindles. Cap. $100,000. This mill was probably the first in the world, combining all the operations necessary for converting raw cotton into finished cloth. The mills in this country then were spinning mills only; and in England, though the power-loom had been introduced, it was used in separate establishments, by persons who bought their twist of the spinners, as the hand-weavers had always done. The orig. cap., when fully paid, was $400,000; par 1,000. Several changes in the capital and par, made from time to time, we have been unable to ascertain in detail. Up to 1830, the dividends are a per cent on $1,000 par, and in "dollars per share" since, to 1867. In 1855 the par was 750, cap. $450,000. In Oct., 1866, it was made 1,000 by a stock dividend of 33. per cent, and cap. increased from $450,000 to $600,000. The first three dividends were annual. Extras, $150 per share, June, 1825, and $150, Nov., 1862. Boston Duck Co. - Dividends previous to 1856 are given in the table of miscellaneous stocks. Boston and Sandwich Glass. - Unable to obtain the history of this company previous to 1833. Capital then $200,000; Jan., 1836, 250,000; 1849, 300,000; July, 1854, 400,000; July, 1855, 500,000. In Dec., 1835, sustained a severe loss, by having a large amount of goods burnt at the "great fire" in New York, and no dividends were paid for five years. During this period, the par value was changed from $500 to 100, and the shares were uncurrent in the market. Regular dividends were paid from 1826 to 1833, previous to those given in the table, averaging about 10 to 12 per cent per annum. Having lost $100,000 of capital, voted, Sept. 6, 1858, to reduce it to $400,000, and cut down par from 100 to 80 per share. Seven and a half per cent, extra ($6 per share), Jan., 1866. C/icopee. - Orig. cap. $500,000. Increased to $700,000 in 1835. Capital cut down to $210,000, April, 1860, and par fi-om 1,000 to 300; then $210,000 new stock issued at that rate. In Oct., 1861, one share made into three, and par 100. The 8k per cent, June, 1860, was on $300 par. Cocheco.- The original investment of $1,000,000 was all lost. July 1, 1867, returned $150 per share, reducing capital from $1,300,000 to $1,000,000, and par $650 to $500. Extra dividend, $50 per share, Feb., 1863. Columbian. -In the hands of a few individuals, up to 1846; the earnings being generally expended in building new mills, and otherwise increasing the value of the property. Five dividends were made previous to 1846, and some of them large, being in stock, as an offset for earnings put into the business. Notes on the Boston Stock Market. 71 Continental Mills. - New, 1865. First dividend paid Oct., 1866; since, Jan. and July. Dwight. - Orig. cap. $500,000. Inc. to $700.000 in 1844, and to 1,700,000, Nov., 1856, by union with the Perkins Co. Reduced to $1,500,000, Oct., 1866, by purchasing and cancelling two hundred shares, and in 1870, cut down cap. to 750,000, and par from $1,000 to.500. Everett Mills. -New, 1861. Cap. $500,000. Inc. to 800,000, up to Dec., 1862. Franklin Company. - New, 1857. Cap. $400,000. Inc. to 600,000 in 1863; to 1,000,000, June, 1869. First dividend in table for 1860, paid Nov., 1859; since, July and Jan. Extra dividends, 20 per cent, Feb., 1866, and 20 per cent (in Continental stock), Nov., 1866. Great Falls. - Par value, originally (1825), $1,000. New shares, issued in 1838, at $400, and in 1840, at $200. In Oct., 1846, an extra dividend of 25 per cent ($50 per share) was paid, and the capital increased from $1,000,000 to 1,500,000 Five dividends were paid previous to 1835 (in June, 1825, March, 1826, March, 1828, and March and Dec., 1832), amounting to $133,800; but the percentage could not be ascertained. The first three dividends in the table were made on $1,000 par, and the fourth on $400. All others on a par of $200 per share, up to 1870, when the par was cut down to $100, and 7,500 new shares issued at that rate, restoring capital to 1,500,000. Hamilton Cotton. - Orig. cap. $600,000. Inc. to $800,000, May, 1828; $900,000, Aug., 1832; 1,000,000, June, 1836, and to 1,200,000, June, 1839. Previous to 1846, the time of paying dividends was irregular; since then, the last of June and Dec. Extra, 10 per cent, Oct., 1862. Hamilton Woollen. -Incorporated in 1831, and manufactured broadcloths. In 1843, machinery put in for manufiteturing (le laines. July, 1845, capital increased to $500,000, divided into 500 shares. The tariff of 1846 was so adverse, that the company, after suffering very heavy losses in 1849, abandoned the business, and changed the remainder of their machinery to de laines. In Dec., 1850, the mill was destroyed by fire, causing a heavy loss, and a serious delay in business. It was rebuilt, and operations again commenced, in eight months. Since then, the business has been successful, with regular dividends from Jan., 1853; previous to which, but a single dividend had been declared, of 5 per cent, Jan., 1846. Jan. 1, 1851, the capital was increased to $600,000, and par changed from $1,000 to 100 per share. Since 1855, dividends paid quarterly, beginning with Jan., 1856, up to 1869; since, semi-annual, Jan. and July. Extras, Jan., 1857, 5 reg., 10 extra; April, 1859, 5 reg., 5 extra; Jan., 1860, 4 reg., 6 extra; Jan., 1865, 10 reg., 25 extra; all of which are given in the table. Hill. - New, 1855. Cap. $360,000. Inc. to 400,000, Jan., 1859, by a stock dividend of 11 p. c.; to 700,000, at par, in 1864, and to 1,000,000, Feb. 17, 1869, by 40 p. c. stock div. Jackson Company. - Orig. cap. $315,000. Inc. to 600,000 from profits; and in 1841, 120,000 of this ($200 per share) was paid back to stockholders, reducing the par to $800. Oct., 1853, $100 per share was re-assessed, and a like amount in Oct., 1855, to meet the wants of an enlarged business, and the cap. again became $600,000, par $1,000. Extra dividend, Oct., 1862, 20 p.c..James Steam-Mills. - New in 1843. The first two dividends were made in Jan. and July, 1845, and not included in the tables. In 1847, the time was changed to May and Nov. The annual meeting is held "on Wednesday next after the second Saturday of Nov." In 1858, the cap. of $250,000 was cut down to 62,500, and par from 100 to 25; then, $125,000 new stock issued, at $25, and a stock dividend of $62,500 (25 p. c. on old capital) made the new cap. 250,000. After this infusion of quick cap. the Co. was very successful, paying large regular dividends, and 50 p. c., extra ($121 per sh.), March, 1863. Within a single year, 80 per cent was divided, and the net earnings were stated to be 96 p. c.! For five years the earnings were 180 p. c., and dividends paid 137 per ct. This was in 1863; but the Co. failed in 1869. Kearsarqe. - Organized in 1865, on the debts of the "Portsmouth Steam Mills." Cap. $600,000. Had not paid a dividend to 1871. Laconia Co. - Incorporated Feb., 1841. Commenced June, 1845. Cap. $500,000. Inc. to 1,007,000, Feb., 1854. Extra dividends, Oct., 1862, 20 p. c.; Jan., 1863, 20 p. c. Lost $450,000 by failure in 1870. Lancaster Mills. - Orig. cap. $500,000, par 500. Inc. $400,000, at $400 per share, Nov., 1847, making cap. $900,000, par 450. July, 1864, returned $50 per share, reducing cap. to $800,000, and par to $400. Extra dividend, 10 p. c. ($40 per sh.), April, 1868. Langdon. - New, 1862. Cap. $225,000. Inc. to 500,000 in 1869. Dividends in 1870, on increased capital. Lawrence. - Orig. cap. $1,200,000. Inc. to $1,500,000, March, 1836. Prev. to 1867, the dividends were paid the second Thursday of March and Sept.; now May and Nov. Extra, 10 p. c., Dec.. 1862. The second dividend for 1863 was not actually paid until Jan., 1864. Lauwrence Malahine-Shop. - Created by a 40 p. c. stock-dividend from Essex Co., Jan., 1853. Cap. $800,000. Then assessed $5 per share, Oct. 15, and $5, Nov. 15, 1854, making cap. $1,000,000, par 50. Failed in 1857; machine-shop sold, July 21, 1859, at auction, for $93,000; foundry, $14,500; fifty houses, $56,350. Total, $163,850. Locks and Canals. - This company controlled the land and water power at Lowell, and 72 Notes on the Boston Stock Market. manufactured all the machinery used in the mills. In 1837, the property rapidly declined, and shares fell from $1,000 (par) to 700. It recovered its value again, however, principally in consequence of large and profitable contracts to furnish locomotives for the Reading Railroad, making large annual dividends, and closed up in 1845, by dividing nearly $1,600 per sh. Lowell.-Up to July, 1847, the dividends were on a par of $1 000. New shares then issued, at $750, and in 1849 and '51, at $500, making the capital $2,000,000, and average par about $690. Since 1847, the dividends are given in "dollars per sh." Previous to 1859, they w2re paid Jan. and July; and the $30 in that year, was $40 July, and $40 Dec. Lowell Bleachery. - Commenced in 1832. Dividends previous to 1846 were somewhat irregular, and we have been unable to obtain them. The time of payment had been changed from Feb. and Aug., to Jan. and July, previous to 1856. Extra dividends, 30 p. c. ($60 per share), May, 1867, and 30 p. c., May, 1868. Lowell Machine Shop. -Orig. cap. $300,000. Inc. to 500,000, March, 1847, and in May, 1848, to 600,000, by a stock dividend of 20 p. c. Dividends annual, prior to 1866. Iyrman Mills. - Set off from the Hadley Falls Company, May, 1854. Each holder of one share Hadley (par $500), paid $100, receiving three shares Hadley (new), and three shares Lyman, each par $100. fManAchester Print- lVorks. - Originally Manchester Mills, with $1,000,000 capital, divided into 200 shares, of $5,000 each. This company was nominally closed up and sold out to the Merrimack Mills in order to adopt the charter granted that company, by which means the privilege of an increase of capital was gained, without assuming the personal liability clause in the laws of New Hampshire governing corporations. The name of the corporation was again changed from Merrimack Mills to Manchester Print-Works. Cap. inc. to $1,200,000 in 1848; 1 500,000 in 1850, and in 1852 to 1,800,000, by a 20 per cent stock dividend. The mills were parzially destroyed by fire, Sept., 1853, and again, July, 1855. (Loss each time about $150,000 above insurance.) Rebuilt and occupied in 1856. This company paid five semi-annual dividends of' 20 per cent in succession, - equal to its entire capital,Jan., 1863, to Jan., 1865 inclusive. Massachusetts Cotton Mills. - Not in full operation until 1842. Orig. cap. $1,200,000. In 1847, the Prescott Co. ($600.000) was joined to it, and the dividend at that time was partly Mfrom the reserve fund. Extra dividend, 20 per cent, Oct., 1862. Merrimack. — Orig. cap. $600,000. First dividend paid on $1,200,000. Increased to t1,500,000 in 1827; to 2,000,000 in 1837, and to 2,500,000 in 1849. Extra dividend, 10 per *ct., July, 1845. Previous to 1845, dividends usually paid May and Nov. The latter dividends'for 1825 and 1837 were not actually paid until the following Jan., but properly belong to the years as in the tables. Middlesex Co. - In hands of private individuals, 1830 to 1841. Jan., 1844, cap. inc. from $600,000 to 750,000, by a div. of 25 per ct. from reserved profits, and Aug., 1848, to 1,000,000. In '1859, capital cut down from $1,000,000 to 200,000, and par reduced to $100, changing each old share of $1,000 into two of $100 each; then $300,000 new stock issued at '$100; making capital $500,000. July, 1864, inc. to 750,000 by 50 p. c. stock dividend. l)ividends paid June and Dec., prior to 1862 then May, June, Sept., and Dec., 1862; March, June, Oct., 1863; Jan., 1864, and regular quarters since, to 1869, '70, Jan. and July, semi-.annual. Dividends not given in the tables: 1831, 8 per ct.; 1832, 100, in stock; 1833, 40; i834, 40; 1835, 18; 1836. 38; 1837, 9; 1840, 15; 1841, 10 per cent. Annual meeting, the "Wednesday next after Christmas." Nashua. - Thirty per cent, reg. and extra dividend, Jan., 1863. Naumkeaq Steam Cotton Co. -Works started in Jan., 1847; but all the machinery was not in operation until Jan., 1849. Orig. cap. $700,000. Inc. to 1,200,000, Jan., 1863, and an extra dividend of 66 p. c. at same time. Again increased to $1,500,000 in 1868, and paid.5 p. c., extra, in Oct. Lost $250,000 by failure in 1870. New-England Glass.- We have been unable to obtain all the dividends paid by this company. The previous payments were also large, many of them, and the company has generally been successful. It is the oldest Glass Company in this State, having commenced in 1818, and probably the first of the kind in the country. In 1845, capital $400,000, and inc. to $500,000 by a 25 per ct. stock dividend in 1851. New-England Worsted.- In private hands previous to 1842, and unsuccessful. 25 per ct. stock dividend, Oct. 29, 1844, and 12., Oct., 1848. Up to 1850, dividends were April and Oct. In 1852, pref. stock was issued at $50, and par of the old made the same. Four per -ct. paid on pref. stock, July, 1853, and Jan. and July, 1854. None since. Company failed. Newmarket.- Cap. $420,000, par 700. Jan., 1869, returned $200 per share, reducing -cap. to $300,000, and par to $500, then increased to $600,000, by new shares at $500. The.Jan., 1870, dividend was paid on par $500 - $15 dividend, and $16 interest, on payments for new stock. Otis Company. - Fifty per ct. stock dividend in 1844. The 14A p. c. in 1850 was 3 p. c..cash, balance stock. Pacific Mills. - Orig. cap $2,000 000. In the Oct. panic of 1857, the company suspended, zand the shares (par 1,000) sold as low as $50, owing to personal liability of shareholders. In Notes on the Boston Stock Market. 73 1858, $500,000 new stock was issued (one share to four), and taken by the stockholders at par, by which the Co. was enabled to resume, and has since been one of our best paying corporations. The company commenced Sept., 1853. In 1854 (previous to table), the stock sold at 595 to 770. Pepperell. - Orig. cap. $800,000; par, 400. Inc. to 1,000,000, Aug. 2, 1856, and par to 500. Extra dividend, 50 p. c. ($250 per share), Jan., 1863. Lost $530,000 by failure in 1870. Perkins. -Orig. cap. $450,000. Inc. to 5(0,000 in 1840. Nov., 1852, the Cabot' Co. ($500,000) was united with it. [There is another Cabot Co. (at Brunswick, Me., capital $600,000, new in 1853), which sells in the market occasionally.] Perkins merged into the Dwight in 1856. Portsmouth Steam 3Mills. - Failed in 1865. Stock a total loss, and the "Kearsarge" organized on its debts. For dividends paid since 1856, see Miscellaneous table, page 97. Salisbury iills. - Orig. cap. $208,000. Increased by appropriation of profits to $300,000, up to 1830; 100,000 added in 1833; 100,000 in 1850, and 100,000 in 1853; the last two by stock dividends, and up to $700,000 in 1856. The dividends in the table commence with No. 4, the first cash one; previously, in stock. Those for 1850 were both in July. Old company failed, May, 1857, and mills sold for $225,000. New company organized; capital $500,000, par 100. Inc. to 750,000 in 1859, and to 1,000,000, Jan., 1863, with 331 p. c. extra dividend at same time. Salmon Falls. -$25 per sh., extra div'd, March, 1863. $100 per sh. of capital returned, July, 1863, no reg. div.; $50, Jan., 1865, and $50, May, 1865, reducing capital from $1,000,000 to 600,000, and par $500 to 300. Stark Mills. - rig. cap. $1,000,000. Inc. to 1,250,000, Oct., 1847. This mill was partially destroyed by fire, March 16, 1850; Loss, $75,000. Suffolk. - Orig. cap. $450,000. Inc. to 600,000, March, 1837. Dividends paid fourth Thursday in the month. In 1868, increased capital to $87i0,000, by 600 new shares, at 450, making average par, 725. In 1869, cap. cut down to $300,0;10, and par to 500. Tremont Mills. - Orig. cap. $500,000. Inc. to 600,000, Sept., 1837, by a 20 p. c. stock dividend. Other changes in capital, same as Suffolk. Dividends fourth Thursday in the month. The second dividend for 1863 was not actually paid until Jan., 1864. Washington Mills. - Originated from the debts of the Bay-State Mills Cap. $1,650,000. York. - Orig. cap $1,000,000. Inc. to 1,200,000, by 20 p c. stock dividend in 1849. Extra dividends, Feb., 1844, 10 p. c.; Jan., 1862, 10; July, 10; Feb., 1863, 25; July, 10; Feb., 1865, 15, and Aug., 1866, 10 p. c. Reg. dividends, Feb. and Aug., until May, 1852. RAILROADS AND OTHER ENTERPRISES. THE progress of the system of railroads since the publication of " Twenty-One Years in the Boston Stock-Market," in 1856, has exceeded even the wildest predictions of the most sanguine fifteen years ago. Then the total number of miles in the United States was under 20,000, and in 1871 more than 50,000 miles. The increase in the New-England States is not very large, because railroads were earlier developed here; but in the West the progress has been astonishing, running up fiom 7,000 to above 20,000 miles! In 1835, the introduction of railroads had just begun, and the whole number of miles in the United States was only 1,100. The progress since, each ten years, has been: 1845, 4,600 miles; 1855, 18,000; 1865, 35,000, and 1870, 50,000 miles, the increase in the latter being for five years. Tlhe railroad system, although far from being a success in all individual instances, has enriched the country many fold in proportion to cost, and advanced the tide of civilization to points otherwise practically inaccessible. What the next decade will bring to pass would seem to be more easily determined than it could have been ten years ago; yet any reasonable prediction now would probably fall short of the reality in 1881. It is almost a certainty that two additional routes to the Pacific shores will have been completed even before that period, and the new States of the Union, yet to be, will call for their share, besides the natural increase in the older States, where " new routes " are being projected constantly. Although the present work is more directly a compendium of financial and monetary operations in the Boston market, the connection of these with the growth of industrial and other enterprises in the city and state, renders the present a proper occasion to allude to some Notes on the Boston Stock Market. which have been established or developed since our former and briefer history, published in 1856. Among them the horse-railroad is one of the more important, whether we regard its rapid development, or the convenience afforded to the increased and still increasing city and suburban travel. The first city horse-railroad of which we have knowledge dates back to 1832, when the Harlem Railroad advertised to run cars in the New-York Bowery during certain hours of the day, to afford the public evidence of the expediency of using railroads within the city. As now used, this mode of conveyance, or the city railroad, was fairly inaugurated as late as 1853, for local travel in that city. The first one in this vicinity was the Cambridge & Boston, opened in the spring of 1856. The Metropolitan and Middlesex followed in 1857; then the Suffolk, South Boston, and various smaller connecting roads, which were subsequently leased by or absorbed in the principal lines. Les than twenty years ago, a few omnibus coaches sufficed for the transportation of passengers to the South End and Roxbury. Last year, the Metropolitan horse-road transported nearly fifteen million passengers, with a line of coaches still running. And so in regard to the other roads, which count their passengers annually by millions, where, but a few years ago, half-hourly lines of coaches did the business. Among the industrial enterprises created since 1855, or near thereto, the manufacture of watches in this country is perhaps the most important, as it is the most remarkable. 'The first factory was built at Roxbury, and thence transferred to Waltham, in 1854. From that beginning of small things, and in the face of violent opposition and prejudice, the manufacture has steadily increased, till, as recently stated, 75,000 watches were sold by the Waltham company the preceding year, or the fifteenth of its existence. Whilst we naturally take a pride in the successful career of this pioneer establishment, whose business-home is in Boston, we will add that its success has led to the creation of several others on a smaller scale in various sections of the Union. It has been stated that the completeness of the Waltham company's works has no equal in any foreign factory. Another enterprise of a public character is the Hoosac Tunnel. Commenced in 1853, its progress was retarded by unforeseen difficulties; and but little satisfactory advance was made for many years. Recently, under the contract made by the State with the Messrs. Shannly Brothers, the work is progressing satisfactorily, and its completion is confidently expected at an early day. The distance through the mountain is 25,031 feet, of which about 14,000 feet are pierced. We may here allude to the Mt. Ccnis Tunnel, about 71 miles in length, commenced in 1857, and now very nearly completed. Its sanguine friends predicted its completion in 1875; more recently it was thought that it might be finished in 1872; and now it is quite certain that the early part of 1871 will witness the achievement of this formidable enterprise. If we look to what Boston has accomplished in the way of public improvements since 1855, we find a mighty change in almost every direction. The filling of. the Back Bay, commenced in 1857, has resulted in the creation of a new section of the city, now the site of elegant private dwellings and public edifices, handsome squares and spacious streets, where, less than fifteen years ago, the tide ebbed and flowed. And so in other quarters of the city, where splendid blocks of stores now occupy entire streets but a few years since the localities of private dwellings. The union with Roxbury and Dorchester has extended the city's area, and, in fine, the Boston of 1871 is quite another city compared with that of 1856. Other marked changes have taken place all around us in the onward march, which our space will not allow of even referring to. RAILROAD STOCKS. Highest and Lowest Prices for ten years-1835 to 1845. 1835. 1836. 1837. 1838. 1839. 1840. 1841. 1842. 1843. '144. RAILBOADS.-1885 TO 1845. Par. Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Boston and Maine.......... 100........................................... New... 438 80 74 86 75 106 82 109 102 Boston and owell,....... 00 135 994 1161 86 106 86 104 90 109 104 115 108 122 105 119 114 130 118 132 124 Bostou and Providence1...... 100 127 109 122 96 110 83 1061 95 108 94 105 911 97 861 92 824 107 861 110 104 Boston and Worcester...... 100 114 90k 107 81l 100' 74 105t 92 109 1001 111 103 1103 104 1134 109 119 107 121 110k oncord.................. 50..................................................................... New. 52 51 60 51 67 60 astern.................... 100............ Ne 90 80 86 3 98 86 106 92 103 99 101 87 108 85 116 104 Fitchburg.................. 100.................................................................................. New. 100o 99 110 99 Long Island,..................................................................................... New 4 49 48 30 Nashua and Lowell,.......... 100.................... New 99 985 106 102 120 1081 116 113 130 119 12 124 Norwich and Worcester,.... 100.................................... New. 76 60 704 60 69 38 38 7 29 18k 84 32 Portland, Saco and Portsm.. 100.................................................... New. 95 931 93 70 87 65 105 871 Stonington....4............ 100...New. 64 40 70 19 37 121 57 123 51 124 18 11 37 17 54 32j, Taunton Branch............ 100 New. 105 82 9-j 75 94] 86] 1001 86 1031 96 112 105 112 101 125 118 Western.................... 100 New. 83 81 83 74 80 77 88. 781 82 78 85{ 75 80i 40{ 59 42| 92 51 - NOawICH AND WORCEMTsR, AND STONINGTON.-Scattering quotations of the Norwich were given previous to 1839, as high as 102k, and of the Stonington up to 109k. HIGH PaRICE or RAILKOAD STOCKS.-By reference to the above and the table on the opposite page, it will be seen that some of the leading New England Railroads reached prices, in their days of prosperity, which at the present time might seem fabulous For instance, Concord (par 50) so'd at 70 or 140 per cent., the highest of any railroad stock in this market. Boston and Lowell, 135; Fitchburg, 135; Nashua and Lowell, 130; Boston and Providence, 127, and private sales reported as high as 135; Boston and Worcester, 126: Boston and Maine, 119; Michigan Central, 118; Eastern, 116; Western, 1143; Northern (private sales), 108; Vermont and Massachusetts (private a les), 102; Old Colony, 109; Cheshire (old stock) 103V; and Vermont Central, $97 per share. SPECULATIVE PRICES.-Tbe higher prices of railroad stocks, in 1835, were generally speculative, as the roads were unfinished, and their success simply theoretical. The Harlem road, out of New York. which was not opened to Harlem till October, 1837, sold as high as 190 and then fell to 65.-all in five or six weeks, owing to a '- corner " which was made,-regular quotations ruling from 160 to 71. Norwich and Worcester. which sold at 102k, was not opened till 1840; and Long Island Fold at 105 per cent., nine years before it was opened The prices of the Worcester, Providence, and Lowell, in 1836-7, were depressed by the stringency of the money market. THa NEw Yoax MARKET -In 1837, the New York stock market was even more seriously affected than our own by the financial crisis. The Mechanics Bank, from 133 fell to 743; Phcenix, 139 to 80; Union, 125 to 91; Manhattan, 134 to 90; Dry Dock, 165 to —, failed Delaware and Hudson Canal, 122 to 51; and a like stampede downward of almost every stock on the list. In Philadelphia the decline of prices was subsequently most ruinous. The Bank of Pennsylvania declined from $640 (par 400) to $100 or 25 per ct W60 or 12k per cent., at one time (1842), being the highest offer. -4 RAILROAD STOCKS. Highest and Lowest Prices for ten years-1845 to 1855. 1845. 1846. 1847. 1848 1849. 1850. 1851. 1852. 1853. 1854. RAILROAia. —1845 TO 1855. Par. Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and l ighesr and Lowest. Lowest. Lowest Lowest Lowest. Lowest Lowest. Lowest. Lowest. Lowest. Boston and Lowell,......... 600 124 116118 141 124 108 14 108 118 1081 116 111 115 106 110 105* 106 91 *92 73 Boston and Main 7 107e,.... 1 0 118 108 119 106 109 100 1073 101 1064 102 110 102 1094 102 I 10 2* Boston and Providence,.... 100 1144 107 115 106 110 98 100 86 96 S8 90 791 92 83* 941 84 92} 85 84 57 Boston and Worceter,..... 100 122 1161 118 1101 126 111 118 106 107 93} 1'4 911 106i 98* 1074 98 105 10) 10 894 Cape Cod,............... 100............N. New. 70 604 65 4.2 40} 38 40 35 40* 3- 40 38 454 37 Cheshirt!e..............100 103 9 9 84 103 84 85 665 65 40 63i 45 t65 55 581 40 9 24 Concord.................. 50 70 64 68 68 09 62 63. 594 62 56t 564 523 6 hi 656 51 57 61* 564 50 Concord and Montreal,..... 100........................ New 89] 5)0 841 471 566 30 47 344 474 36 456;0 33 12 Connecticut River,.. 1....... 1(. 0.984 86.100 88 1004 90 994 90 91) 810 81 55 70 51 624 521 55 50 astern................. 100 116 102 109 03 1131 103 1054 99 105 984 1044 933 1031 91 1031 943 984 90 90 43 Eie, (New York,)..........100 36 25 111190 41 83 78 77 57 64 68 90 561 93 69 98 771 93 73 82 29 Fall River,................100.......100 96 85 90 821 88 75 88 74 98} 90 1064 98 1073 104 *102 90t Fitchburg................. 100 132 1084 134 113 135 1171 118 110 1164 107 1131 1056 112 1031 105i 102* 104J 93 93j 744 Graud Junction,.100........ New.... 69 75 50 74 50450 20 65 30 48 20 Hartford and New Haven,..100 101 90 95 91 1 106 97 15 99 107 99 124 5 132 120 130 121) *130 116 131 107 Long Island................ 50 41 221 30 223 314 13 16 10 13 8 81 5 12 63 28 73 193 131 173 101 Manchester and Lawrence, 100........ New 92 75 91 70 96 75 103 82 101 88 91 60 Michigan Central........... 100.... New 97 616 97 93 90 75 104 66 109 914 113 953 118 104 108 80 Nashua and Lowell.........100 126 1214 1271 124 1291 1174 124 112 117 112 111 105 1084 104 1094 101 112 107 108 100 New Bedford and Taunton, 100 115 1.0 115 100 118 113 120 111 1161 111 116 110 116 110 118 113* 110 106 1031 100 Northern, (N..).......... 100 100.... 10 95 104 99 101 86 894 684 75 63 75 63 681 59* 65 44 634 35 Norwich aud Worcester,....100 94' 634 66 47 651 35 40 25 39 32 t69 35 70 44 57 50 58 511 60 33 Ogdcnsburg, (Northeru N Y.) 50...... New 50 474 434 32 32 20 414 20 404 26* 31 241 31 121 16 3 Old Colony............... 00 109 99 107 99 1 03 6 95 8) 8 80 75 68 50 69 162 8 60 971 Passumpaic.............. 100........................ New. 90 83 89 70 83 65 86 50 65 50 51 33 30 19 Philad., Vilming. and Ba. 50 241 131 32 22 31 22 28 26 284 22 32 24 311 243 39 281 401 351 40 23 lPortland, Saco and Portsm.. 100 1034 98 99 894 10)4 89 100 94 100 924 l0 93 1014 93 1001 93 102 961 98 *1 Iteading,.................. 50 30 20 38 28 33 27 29 13 184 11 37 15 39 24' 48 281' 49 36 40 31a uruland & Burlington, (old,) 11O............ New. 91 881 904 731 74 67 69 40 60 351 40 291 42 10 11 3 Rutland 6 per ct. preferred,. 100..............................................New. 68 60 70 15 23 5 RHuland8 do. do..... 100....................................................... New. 100 90 92 85 94 40 35 6 Nouth Shore,.............. 112 New. 33 22 16 7 17 13 13 7 10 8 9 7 Stonington.................10 48 27} 49 35 61 40 604 44 554 46 55 40 657 40 t+6 50 66 65 71 59 ullivan...................100....... New 101 100 90 75 72 50 2 12 31 15 204 6 21 10 15 44 Tauimon Branch,.......... 100 120 116 117 1111 1134 110 1124 110 112 106 112 106 112 106 117 110* 112 106* 10S p101 Vermont (entral,.........~. 50 93 91 *92 78 97 804 84* 50 57 44,3 451 27 38 2-2 251 14 214 124 13 5 11 Vermont anIl Can da, 10............... New. 100 100 1(3 100 106 93 105 98 107 99 99 50 Vermont nd Massachusettr. 100 100 95 88 76 94 72 774 41 57 28 34 22 33 24 27 19 22 16 24 8 Western...................10) 1044 90 100 85 1143 99 110 964 107 100 105 100 107 99 107 99 102 97 100 89 orcester and Nashua..... 100............ ew. 2 49 54 38 51 42 t61 50 63 4 62 50 * Ex-dividend. t Worcester and Nashua, Stonington, and Cheshire, (old stocks,) were eich preferred in 1852-the latter, bh each holder of three shares paying..100 and receiving ifour eshlares prerred stock $ Old Colony and Fall River. These two Companies were ' consolidated," July 1, 1854, the Fall Hiver being merged in the Old Colony, and in October a stock dividend of $13092 paid on the former, and $22.919 on the latter. 1| South Shore, par changed from 50 to 25 in 1850. I Vermont Central-original par 100; reduced to 50 by issues ol new stock. [II| Erie, 2 sh. made ito one. RAILROAD COMPANIES. Semi-Annual Dividends-1834 to 1856-(Official). RAILKOAD COMPANIES. Opened. 1835 1836. 1837. 1838. 1839. 1840. 1841. 1842. 1843. 1844. Average. Boston and Lowell............1835,June24,3 00 20 43 34 44 44 44 44 44 4 6.4 Boston and Maine,..............1843 July 24,............................................................... 3 3 3 3 6 Boston and Providence,......... 1835, June ll, 4.4 0 4 4 4 44 44 3 3 3 3 3 3 3 3 3 6.3 Boston and Worcester,.......... 1835, July 3, 2 4 0 5 3 3 3 3 3 3 33 3 4 4 3 33 3 5.9 Concord...................... 1842 Sept. 7,....................................................... 57 10.5 Eastern,........................1....40, Nov. 9,.................... 2 20 2 3 3 3.8 3 3 3 34 5 3 Hartford and New haven........1838......0..................................... 3 20 00 2 2 2.6 Nashua and Lowell..............1838, Oct........................................ 4 4 4 4 4 4 4* 4 4* 4 78 New Bedford and Taunton,......1840, July 1.................3 3 3 333 8 3 3 6 Portland, Faco and Portsmouth,. 182, Nov. 21,............................... 6. i............. 3 0 6 4.8 Taunton Branch................. 183, Aug 8........... 253 32 33 8: 4 4 3 5 4 6.8 RAILROAD COMPANIES. Boston and Lowell,........ Boston and Maiue,........ Boston and Providence,.... Boston and Worcester..... Cheshire,................. Concord,................. Connecticut River,........ Eastern.................. Fall River............... Firchburg,................ Hartford and New Haven,.. Manchester and Lawrence,. Michigan Central,......... Nashua and Lowell,....... New Bedfrd and Taunton,. New Yrk Central,........ New York and New Haven, Northern,................ Norwich and Wore. (pref'd) Old Colony,............ I assumpsic,. Philad., Wilming. and Bait. Portland, Saco and Portsm. Providence and Worcester,. Reading.................. Stoughton Branch,........ Taunton Branch,.......... Vermont and Canada,..... Western............. Worcester and Nashua.... I Stock Funded New An,ual Dividends t. ftpital. Debt. Meetings. payable. 100 $1.830,000 $1501.00 1835 Jan., 1st Wed. Jan. & July 100 4,155 700 150,000 1843 Sept., 21 Wed. Jan. & July 100 3.160,000 183.000 1835[ Jan., 2d Wed. Jan. & July. 100 4.500,000 500.000 1835 Feb, 1st Wed. Jan. & July 100 2.226,300 769,500 1847 May, 2d Wed Jan. & July. 50 1,50),000 Note. 1842 May. (Note.) May & Nov. 100 1.591.110 235,000 1846 Jan, 3d Wed Feb. & Aug 100 2,853,400 2,410,000 1840 July, 2d Mon. Jan. & July 100 1 050,000 Merged in the Old Colony. Jan. & July. 100 3.540,000 100,000 1845 Jan.,lastTues. Jan. & July. 100 2,350,000 939.000 1838 Sep.. 3d Wed. Apr. & Oct. 100 800,0"0 200,000 1849, In February. Jan. & July. 100) 6,032,000 5,465,000 note Ju'e, 4th Mon. Jan. & July. 100i 600.0t0 I None. 1838 In May May & Nov. 100' F.GO.000 None 1840 Feb., 1st Mon. Jan. & July. 100 24,200,600 14 200.240 1853 Dec., 2d Wed. Feb. & Aug. 100 3.000,000 2,126,000 1849 In May. Feb. & Aug. 100 3,068.400 400,000 1847 May,lastThrs. Jun. & Dec. 100 2,122,300, 677,100 1840.............. Jn. & July. 100 3,015,000 200,000 1845 Jan, last Ths. Jan. & July. 100 1,000,000 800,000 1348 In July. Jan. & July. 50 5,000,000 2,500.000.... In January. Apr. & Oct. 100 1,390,000.......... 1842 June, 1st Mon. Jun. & Dec 100. 1,550,000 300,000 1847 Feb., 1st Mon Jan. & July. 50 6,461.663 9,707,800.... In January. Jan. & July 100; 85.400 None. 1845 May, last lu. Jan. & July. 100 250.000 None. 1836 June, last Mo. Jan. & July. 100' 1.500,000 None. 1850 In December. Jun. & Dec. 100 5,150,000) 5,319,520 1841 Feb., 2d Wed. Jan. & July. 100. 1,141,000 200,000 1848 In January. Jan. & July. I 1845. 1846. 4 4 4 34 31 3 38 3k 31 3 4" 4 455 3 3 332 31 31 34 38.3 3. 3 3 3 3 33 23 1847 1848. 1849. 1850 38 4 5 431 4 4 3131 4 5 |5 44 4444 3 3 5 5 5 4q 34 4 4 5.8. 5555:.4 4 4 3 0 0 3 2 444 *3."" 4... 4 4 4 0 3 3 4 3 7s 4s 5 5 4 3 4 4 31 3 414 4 5 5 5 3 3 00 0 0.. 3 3 3 32 4 4 '4 4 4 4 5} 3 3 24 3 3 2}s0 4 4 3 24 4 4 0 0 4 4 5 5..3 8s.. 4 4 3 3 8'34'3 2 2.. 21 00 6s 3 142 323 I 2 44.4 4 1851. 1852. 1853. 4 4 I 4 8 3 3 2 3s 33}4 3 4 3 3 3 31 24: 32 3: 34 31 31 31 0 0 43' 3 2 2 351 444 4 0 0 3 2 22 4 4 4 3{[ 3 3 0 3 444 4 4 4 4 3 33 33 55 55 5 5 *5 3 3 3 3 34 34 9..14.. 8. 5 414 444 4 3 44 31 38 3,'3L 31'31 '3 6 2 21 21 2} 24 2 21 2 24 2 2 0 2 0 0 0 0 3 30 2 02 0 2 122 2 3 3 3 3 3 3 3 o 010 3 3 3 6 0 3 2*4 3 3 2 3 3 3 34 4 4 4 414 4 4 4{4 4{4 4 4 4{4 31 3 31 21 2 21 21 2, 24 1854. 3 3 4 4 31 3 34 34 2 0 4 4 24 2 3 t4 4 4 3 3 5 5 3. 3 8.. 4 4 31 3 5 4 0 0 0 0 3 3 0 0 0 0 3 0 3 3 3 4 1855. 0 3 4 8 0 0 3 3 0 2b 3 8 2 24 0 0 0 0 5 5 0 0 6s 4 3 3 3 8 4 4 0 0 0 0 0 21b 3 3 0 0 0 12s 3 3 3 0 10s 4 4 4 4 4 Av'age. 7.1 " 7.1 3 6 a 7.4 Q4 8.8 4.9 ' 7 ei. 5.7 6.9; 9 Q.:i 9 9.3 7.4 8 5 4.5 8.7 6.1 4 4 4 0 38 31 21 2 - V V 38 34 0 2 I { I -~~~~~~~~~~~~ ' ~ * Extra dividends in these years. t Eastern, paid in Ferry stock, Z Cheshire preferred. II Fall River merged into Old Col. (a) denotes payable in stock, and (b) in bonds. -4 NEW ENGLAND RAILROAD ST'OCKS. Highest and Lowest Prices for fifteen years, — 1855 to 1870. 1855. 1856. 1857. 1858. 1869. 1860. 1831. 1862. RAILROAD COMPA- 1863. 1864. 188. 1866. 1867. 1868. 1869.1 Low. High. Low. High. Low. High. Low. High. Low. High.Low. High. Low. High. Low. High. NIES. ParLow. High Low. High. Low. High. Low. High.Low. High.Low. High. Low.....-.................-.... I...........................................bany..... '0.................... '.'....New.Dec.1,167.138f 140 137 153 14311 60 60 80 52 73 54 61 *63 94} 91 103 *98 116! 89 1071 92 108} Boston & Lowell..... 500 104 115 100 120 90 1111 90 116 112 1215 120t 134 128 146 83 101 74 84 731 87 77 1001 961 107 *104 114 100 1151 105 129 Boston & Maine...... 100 121 135.' 124 141 106 123 115 133 125 138' 131 14' 132A 146 61 75 60 70 65} 75 69 93 I92 105 *102 112 991 11112 105} 130 Boston & Providence. 100 121 142' 132 157? 117t 145) 1261 142. 130 143 130k 143 1291373 86 95! 81 90 74- 92! 78 97 913 107 *102} 112' 100} 114J 107 132 Boston & Worcester.. 100 127 150' 135 160 118 140 127i 148 139 150 SeeBost. &Albany. 37 58 12 37 6 12 8 20 20 25 10 253 15 20 20 35 Bos. Conc'd,& Mont'l,100 35 65' 60 72.1 60 70 60 70 70 80 *70 75 70 75t.......................................................................... Bos. Hartford, & Erie, 100 New. 25 35 9 27 5 19 8 17 131 23' 7 28... New. 70 100! 95 103 102 1113 105114iii 95i 112 Cambridge (Horse)... 100 1091 135, 99 133, 841 105 85 96 861 95 90 100 *963 103 $30 42: 273 80 15 27{ 143 20 1 17 21 201 30 25 28 26 56 Cape Cod............ 60 $553* 59J 623 78 603 77 64 73 *66 70 641 71 60 68 16 27| 13 18 7 13 4 8 6 143 14I 241 113 18 12 22J Cheshire Pref'd...... 100 20 52 47 591 41 56! 43 66 52 65 594 70 68 851.................... 50 103 49 85 48} 61 40 92a 51 78~ 57 119 Chic. Burl. & Quincy. 100 91 131 111 146 100 139 1091 1383 127 150 137 175'145 200 25.... Cin. Sand. & Clevel'd. 50... $4 3: 41 41 5 5 8! 8. 16 141 23 19 251 '..........;"iii;a~"i~i '~"bi' 'i~".......................................................... C S 04 ~$40 53j*3'~ 43) ~ ~*34L 4o 36 52 47 523 52 60 50 60 521 62 Concord..... 50 $60 67 60 71 52 70 59 70 65 72 70 76'1 79 50 60 45 50 40 46 37 60 55 71 70 90 74 86, 77 107O Connecticut River.... 100 *103} 114;' 103 118 95 111 102 112 1053 116i 112 134' 127 1351 12~ 25 4~ 12 15 24.. 20.. 10.. 7 5 7 5 30 Ct. & Passump'c Pfd, 100 30 51' 40 723 613 75 69[ 80~ *78 82~ *80 91a 85~ 94 46 58 383 48' 36 49 41} 51~1 441 60 54 89 543 74 54} 96 Eastern............. 100 93 115 95 113 87 1043 98 1121 1063 113 1073 123, 113 119} 46 56 39 48 36] 49 41 50 45 60 54 90 554 75 55 97 Eastern in N. H...... 100 95 115 95,1t 113 *87 103 *973 111 107 111 106 119 1093 116 711 86 67 76 65 77 69 94 891 100} *96 1043 893 1023 95.} 1123 Fitchburg............ t100oo 109 124' 113] 129 1003 121! 104 119 1143 123 120 136 130 137............................................................................... *50 60 40 5' *48.1 60J 56 *693 Granite Railway..... 100..... 52 70 *50 60 40. 3 *481 60 6 10."..5.'.............................i............................. Hannibal &St.Jos'ph, 100 40 45 29 62 25 40 30 60 45 57 51 91 90 139 108 125 118 128 90 123 112 124 j121 127 130 140 132 140 136 142 lartford & N. Haven, 100 140 200 200 220 165... 170 175 174... 213 225 200 232... $331 28} 35 1is33! 152 24-.$333 28 35 15 33' 15 271, 243 30 171 25 121 18 10 30 Indianapolis&Cinn... 50 $30 43... 50 40 50 *271 46 28 44 15 33'1 13 20 55 73 55 70 *421 59- 45 745i 72 90 82,1 105' *923 1095 99 115 Manch'r&Lawrence, 100 lit 122'*112 130 100 116 101~ 121 112 123 1223 135 127 132..................... New. $45 6131 54 63) 54 62' *48 59 483 701 Metropolitan (Horse). 50 $55 820 *51t 67 43 53 45 590 50 58'551 69162 713 71 104 893 98 30 963 48 75 i 38 514J 343 73' 391 61', 47 97' Michigan Central.... 100 913 1283 114" 157 891 1181t 991 117 102 115' 1061 130 114 136.................. New. 67} 82 78 89 793 100' 90 99 59 101} Middlesex (Horse)... 100 97 112' 59 100 44 71 39 50 34 49 35 653 59 *72 80 103' 70 86 72 80 78 105 101 109 *106 115 104 114 109 125 Nashua &Lowell.... 100 117.1 135' *123 130 113} 130 112 129 *120 141.1 128 135 133 *145 95 100 91 98 80 91 83 93 *88 91 70 93 60 823 50 83 New Bed. & Taunton, 100 *80i 95 95 110 100 105 100 110 105 108' 102 107 103 108 82 103 803 94. 50 943 74 943 691 863 691 923 68 823 793 1073 New York Central... 100 107 140 109 145 83 119 *863 123 953 118' 110 165 f843 2171 25 35 25 39' 41 61 46.! 55s Not quoted.4..................York &N. Iaven. 100 123 1253................. 95 120 114 140'133 159 120 160 35 46 38} 45' 30 40 33} 49} 44] 50 *4.3 57 *47 543 483 65 Northern (N. II.).... 100 63 74 7 01 110 *102 1121 11 10 120 *104 119 37 40 25 38 9 22 8 30 I 22 45 30 48 30 36 34 79' Norwich & Worccs'r, 100 74 99 91 115 85 101 95 116 '91 95' 90 94 90 1121.Ogd.& LakeChamp'n, 100 New,1864 233 26 20 413 361 773 50 75 581 713 633 70......................................1......................................... 4, 7 7 7.................................. Ogd.& Lake Ch'n Pfd, 100................ 106 97 104 99 10 1011 110 71 903 82 89 72 89 81 993i, *9 1073.10l 109 94"' 108" i02 '1261 Old Colony& Newp't. 100 119 11 110 1360 100 123 *96 108 851 99 * 84t 100 02l9 99 9 0991913 Potad&a. 01 94 10 92 02 1031 85 94 83 96,78 87 81 100} 89} 96! *921 1003 96 100} 99 113} Portland &Saco.... 100106 115 1 01 116 107 94 10 9 1001 10 0 10 70 83 70 80 75 86 80 87 *84 999 *941 107 *102 110 103 125 Prov. & Worcester... 100 120 134 1391 142 120 135 *116t 124 1221 130=130 140 135 14' $35 483 36 47: 103 44' 193 323 175 27 15 243 143 243 174 394 Reading............. 50 $383 64, 55, 823 44 59 48. 59 451 51 43 53' 45t1 50......................................................... Rutland Comnmon.... 100.............................. New 20 23 22 36 25' 35...................................................................... Rutland Preferred... 100................. New. 78 80 70 83' 50 81........................................................... New. SouthBoston(Horse), 50 $55} 653 60 64 45 513 *431 50 52 55 543 631 561 64 ~~~$7.8 ~4^~7. 5 6 4 5 I 4 5 4j 91 5 7 45 63 South Shore......... 25 $6* 19' 7 141 5 83 7 15 14 16 154 173 10 16 45 60 40' 53 35 53 37' 6141 583 70 67 802 55 60 56' 105 Stonington........... 109 117 121') 121 135 113 120 96 117 80 100 80 90 80 83......................................................................... Summit Branch...... 50 New. ' $173 291 11 23 6 15 7 10 26 20 261 101 110 102} 110 <19 1021 95 1103, 1063 108 105 114 100 110 1003 1253 Taunton Branch..... 100 *121 129 110 120 106 11l 105'113 1124108 114 100 119.............................................................. 127 131 TUnion (Horse)..... 0 101217 1 104 10 108 1 0 10901 10 87 903 84 88 83 103 49 77 45 62 5 6 60 30 50 25 55 52 80 68*101 97 136 Vermont&Canada... 100 132 169.1;*1 06 177 90 107 91 104 *87 101 *943 105 *963 1043 8 221 64 113 5 103 54 12.1 81 164 103 20. 8, 17 9- 223 Vermont & Mass'tts 100 22} 43i 35 47 37 45 39 70! 5 6 55 6'5 87 98' 7 91 871 100, 901 18'103 12 107 1172 105 116 11 147 Western............100 140" 171 13 170 122 150 132 149'i134 170 See Bost. &Albany. $19 34 19 23' *17} 2.35. 19 371 33 3) 343 44i 2.5 431 42 611 Wilmington......:.. 50 $593 741 63 751 58 72 53 62 511 56 513 583 50 55 45 55 40 462 36 46i 38 49 47 57 56 61 52} 623 52 67 Woreester & Nashua, 100 65 83! 81 103 82 102 100 1221 l11it' 120 114 129 1223 1323 * Ex-dividend. t rNewo York Central Consolidated Stock. For prices of 1870 in detail, see Appendix. ~ Conn. t Passumpsic, old stock, 1855-6. G~ Railroads previous to 1835, see foot of page 80. I t a I* F4 C1 I CIt Q4 t:' Q NEW ENGLAND RAILROAD DIVIDENDS,-1856 TO 1871. 1856D 1857. 1858. 1859. 860. AILRO COMPA e. 1862. 1863. 1864. 1865. 1866. 1867. 1868. 1869. 1870. 19,659,7.. 1,7305..t..... Payable. NES. Par 19,659,7 1,730520 I... J an. July Boston &Albany................ - -.... 5 2,Z1o,UUU 4,550,000 3,700,000 800,000 727,8001 747,960 110,000 2,100,000 16,590,200 428,646 1,500,000 1,700,000 2,100.000 4,062,630 492,500 ~4,000,000 250,000 3,300,000 1,180,000 200,000 1,000,000 1,250,000 13,874,300 400,000 720,000 500,000 90,000,000 9,000,000 3,068,400 2,363,700 3,051,800 2,000 000 4,958,400 1.500.000 2,000,000 27,471,300 4,300,000 243,305 75,000 400,000 2,000,000 85,400 2,750.000 400,000 200,000 2,500,000 2,860,000 9,520,850 1,705.000 No,31,OU None. None. 1,050,000 150,000 125,000 None. 807,000 4,649,750 2,417,851 None. 250,000 956,000 3,077,400 None. None. None. 927,000 291,000 67,700 None. None. 4,881,200 100,000 None. 172,500 13,297,700 1,059 500 109,200 754.000 500,000 2,879,000 None. None. 9,451,300 500,000 226,900 None. None. 983,000 None. 194,000 None. None. 2,000.000 750,000 1,98,n006 None. 3 3 0 2. 3 4 0 0 New. 3 3 2 2 06 0 0 0 0 be 5 2"2' 4 3 '65 '4"ai 3 3 4 4 0 0 2 2 2b 0 3- 3 3 3 0 3 4e 4e 4 4' 0 0 3L 34 0 2 2 2 2 2 3 3 3 3 4 3 0 0 3 3 0 2 0 0 3 3 2 2 4 5s New. 5 5 J New. 34 4 33 ~3 0 2 2 0 0 3 3 4 4 4 4 0 24 4 3t "4"4.~15 0 0 0 0 4 4 2 2 2 2 3 3 3 3 3 3 3 3 0 0 4 q 3 4 o o 0 0 3 3 55 3 3.... 0 0 4 4 4 4 3 3 44 0 0 1 0 3 5 34 4 3 3 3 3 0 0 241 44 4 0 0 ~ ] ~. 3 4 4 4 4 4 4 4 4 0 0 4 44 4 4 0 0 'Jan. Jul3 Jan. July Jan. July Jan. July May, Nov April, Oct Jan. July April, Oct Jan. July Mar. Sept May. Nov May, Nov Jan. Jul3 Feb. Aug Jan. July ~Jan. July.Jan. July Mar. Sept S Ontirtrlh Boston & Lowell..... Boston & Maine..... Boston & lProvidence. Boston & Worcester.. Bos. Con. & Monl Pfd, Cambridge (Horse)... Cape Cod............ Chelsea (Horse)..... Cheshire Preferred... Chic. Burl. & Quincy, Cin. Sand. & Clev. Pfd, Concord............ Connecticut River... Ct. & Passumpsic Pfd, Eastern.............. Eastern in N. H...... Fitchburg........... Granite Railway..... IT.:rtfdird 2& N_ Haveon 500 100 100 100 100 100 60 50 100 100 50 50 10C 100 100 100 100 100 4 3 4 3J 4 4 4 4 0 0 4 44 0 0 0 0 4 3 3 3 22 2 2 3 3 2 0 4 3 33 44 44 4 4 44 4 4 444 4 44 2.. 22 3 4 4 4 4 00 00 0 4e 4 4 New, 1864. 43 44 33 3 3 0033 0 0 3 3 3 3 { 3 3[..... 3 3 4 4 4 4 5 5 0 0 41 41 31 31 4 4 2 0 4 fip 4 44 2 21 4 4 "5"6' '6 '661 00 00 3 31 3 3 33 33 4 4 44 55 5 5 00 0 0 4 4 4 44 44 4 3 3 3 0 3 0 0 3 3 3 3 3 3 3 3 3 3 4 00 00 3 3 0*1 0 24 2424 3 31 4 4. 10..10 00 00 3 3 3 34 2 2 2 2 3 2:. 4 4 5 5 5 42 0 0 73 31 4 4 31 0 5 5e 3 3 4 4 4 4 3 3 3 3 3 3 4 '3 3 3 3-3-3-3 0 0 3 3 4 4 3 0 6 1o 3 3 3 3 4 3 0 0 0 24 3.1 3 5 10 0 0 0 0 4 4 2 3 2 2 Jan. July Housatonic Preferred, April, Oct. Lowell & Lawrence.. May, Nov. Manch'r & Lawrence, Jan. July Metropolitan(Horse). Jan. July, Michigan Central.... See notes. Middlesex (Horse)... May, Nov. Nashua & Lowell.... Jan. JulyiNdwBedf.& Taunton, April, Oct. N.Y.Cen. & Hnd. Riv. Jan.~ July!N. York & N. Haven. June, Dec. Northern (N.H.)..... Jan. JulylNorwich& Worcester, Jan. July'Ogd.& LakeChamp'n, April, Oct.iOgd. & Lake Ch'n Pfd. Jan. July Old Colony & Newp't, June, Dec.'Portl. Saco & Ports'th, Jan. July Prov. & Worcester... Jan. July Reading............. Feb. Aug.!Rutland Preferred... Feb. Aug Salem & Lowell...... May, Nov. Somerville........... Quarterly. South Boston (Horse), Jan.~ July Stonington........... Jan. JulyStoughton Branch... Feb. Aug. Summit Branch...... Jan. July Taunton Branch..... See notes. IUnion (Horse)........ June, Dec.'Vermont & Canada... Jan. JulyVermont & Mass'tts.. Jan. July:Western............. Jan. JulylWilmington.......... Jan. JulyWorcester & Nashua, 100 100 100 50 100 100 100 1oo I 100 100 100 1 100 100 100 100 100 50 100 100 50 100 100 50 100 100.'. 4 3 3 3 3 4 3i 4 3 5 3' 3 5 3 0 33 44 40 4 44 33 02 33 3 3 3 3 0-3-3-2 22 22 2 0o 2 0 o 3 3 3 3 4 4 4 4 0 0 0 2.. 2 43 j /"2* 2^'| 43 43 10.. 10 4 4 44 /4 '"'i i4 ' 3 34 4 5 21 2 2 2 4 4 3 3 4 4 5 5 5 6 4 4 4 4 3 3 3- 2 2 2-3 3 3 3 3 4 4 7s 0 1 75c 2 2 4 4 44 4 4 5 4.8 4 4 4 4 5 5 2 2 6 I:t 6 4e 30 0 0 3 3 444 5 4 3 3 3-3-3-0 3 4 3 3 4 3, 4 5 43 6-3-3-3. 3-3-3-3 44 4 4.7s 0 15s. 0 5 5 5 4' 5 5 5 50 2n 22 3 3 4 4 4 5 5 5 54 5 0 0 4, 4 3m 31 4 4 21 0 5 5 3 3. 4 4 4 4 3e 3 4 4 4 4 4 3 3 3 3-3-3-3 0 4 3 3 4 4 0 0 5 5 0 0 4 4 4 4 3 3 0 5 7~ 4 5 5 New. 4 4 4.3 3 4 4 10 5 50c" 60c 24 3 0-2-21-24 3 3 5 5 4 4 0 4 4 2 1 6 5 0~ 5 4 4 I i L I i 4 5 5 5 3 41 4.1 34 4 40 Se 4' 4 4 4 3 0 4 4 3 3 3 3 4 4 5 5 New. t5c 75c 3 3 "2- -2-21-2 3 0 5 4 4 4 5 0 5 5 5 4 4 4 N I I I I: -3-3-5 3 0 5 5 3 3 5 5 4 5 3 3 4 4 4 4 4 4 4 3 3-3-3e-3 4 0 3 3 5 5 5 5 5 5 0 0 5 5 4 4 3 4e 5 5 4 4 3 3 3 0 4 4 3 3 3 3 4 4 5s 5s 34 34L 90c 50c 3 3 2-21-21-21 0 0 4 3 3 4 4 6 0 4 4 Now Bos 4 4 4 4 44 5 5 4 5 ton & 3 3 2 3 5 44 4 2 5e 5 3 3 5 5 5 5 3 3 4 4 4 4 4 4 4 4 3-3-3-5 0 4 3 3 4 5 5 5e 5 0 3 5 5 4 4 4 4e 5 5 4 4 3 5 3 0 4 4 33 3 3 4 5 5s 5c 34 34 75c 65c 3 3 2-2-2-2 34 3 3 3 5 3 4 4 0 0 44 2 0 ton & 4 4 4 4 A 4 4 5 5 5 5 lbany. 3 3 4 41 4 4 3 2 5 5 3 3 5 5 5 5 3 3 4 4 4 4 4 4 5 4 3-3-3-i 4 4 3 3 5 5 5 5 5 5 3 0 I ( I ca CI-4 ly Q Q,, ~a~ CQ I 8Z Q' 0 0 34 34 75c 65c 3 3 21-2-24-24 34 4 3 3 3 3 4 4 4 4 4 4 0 0 Albany. 4 4 5 5 SW See notes for extra dividends and other details. ] Port. 42 Saco in gold, June, 1869, and since. ~ See notes. (b) Paid in bonds; (e) extra div'ds these years; (s) paid in stock. 80 Notes on the Boston Stock Market. NOTES TO RAILROAD COMPANIES. BY the laws of the Commonwealth, all corporations chartered by Massachusetts are taxed direct by the State (on the market value of the shares, May 1), at the average rate of taxation in the several towns and cities. Consequently, resident holders of the different stocks are exempt from local taxation, and the State gets the benefit of the tax on shares owned by non-residents, the corporations being required to pay on the market value of the entire capital. Berkshire Railroad. - Capital $600.000. Leased to the Housatonic Railroad at 7 per cent per annum, payable quarterly, beginning with January. The October dividend being mostly absorbed by the State tax, the balance is carried over to the January payment. Boston and Albanq. -A consolidation, share for share, of the Boston and Worcester (cap. $5,000,000) and the Western (cap. $8,725,100), Dec. 1, 1867. The prices of the Boston and Albany stock in 1867 are only for the last month of the year. A cash bonus of 10 per cent was paid to the former stockholders in the Worcester, Feb. 1, 1868. Consolidated capital ($13,725,100) increased to $14,934 103 - one new share at par to every eleven old - May 1 and Aug. 1, 1868; to $16,411,600-one share to ten -Aug. 2,1869, and to $19,659,700 -one share to five- half paid April 1, 1870, and balance, Oct. 1. The Co. has the right to further increase its capital to $26,000,000. Annual meeting, second Wednesday in Feb. Boston and Lowell. - Par value $500, and probably the only railroad in the country with a par over $100. In its early days an eminently conservative corporation. Jan., 1867, an extra scrip dividend of 20 per cent was declared, payable Oct. 1, 1873, in stock or cash, at the option of the company. This scrip represents the amount of the bonds of 1873 previously converted into stock, and carries interest at the rate of 3 per cent, paid annually Jan. 1. The old certificates were called in, and new ones issued with the scrip printed on the back. Stock created by the conversion of bonds since Jan. 1, 1867, is not entitled to scrip. Hence the distinction, in the market, of "old " and " new" stock. In 1859, the 5 per cent dividend was 31 regular, and' 1. "extra," the receipts from " disputed accounts." Boston and Matine.- Incorporated in 1833 as the Andover and Wilmington Railroad, and opened to Andover, Sept. 1, 1836. Extended to Dover, Sept. 24, 1841, and united with the Boston and Maine Railroa.d in New Hampshire. The whole line was then called " The Boston and Maine Railroad," and opened through to Great Falls, July 24, 1843. The Boston and Maine extension, from Wilmington to Boston, was opened July 1, 1845. The average cost of the stock in 1839 was ablout $85; some being sold by the company to stockholders for $60, $75, and $100. In 1869, the capital was increased from $4,155,700 to $4,550,000, entitling each holder of ten shares to one new one at par. Annual meeting, third Wednesday in Nov. Dividends not included in the tables, 1838, Oct. $3; 1839, April 2, Dcc. 4; 1840, April 2, July 1i; 1841, 3-2k; 1842; 3 —3, all January and July. Boston and Providence. - Orig. cap. $1,000,000. First dividend paid on $1,250,000. Increased to $3,160,000 up to 1856; $200,000 added in 1865, and $340,000 in 1870; making $3,700,000. Boston and [Vorcester.- The first train of passenger-cars which ever left Boston was on the morning of April 7, 1834, for l)avis's Tavern in Newton, to which place the Boston and Worcester Railroad was then opened, and throughout its entire length to Worcester, July 3, 1835. Orig. cap. $2,000,000. In 1846, a proposition was made to unite the Western and Worcester Road(, rating the stock of the former at par, and the latter at 120 This was declined by the Worcester. The roa Is were consolidated as " Tlee Boston and Albany," share for share, Dec. 1, 1867; and the Worcester shareholders received, Feb. 1, 1868, a cash bonus of $10 per share on the 50,000 shares. ' Boston, Concord, and iontreal Preferred.- Interest dividends, in stock, were made on the old shares up to 1855, and regular dividends on the 6 p. c. pref., until Nov., 1855, when they were passed. An issue of " new " stock was made in 1854, and $1 per share paid on it May, 1855. All except the " preferred" became worthless; and dividends were not resumed on that until May, 1867. Annual inecting, the " Monday before the last Tuesday in May." Cambridge (Horse). - Leased to " The Union Railway," at 9 per cent, for fifty years from 1857. The dividends on leased roads are subject to a deduction for Government tax, and in Massachusetts for State tax annually. These, in Oct., 1870, reduced the Cambridge from $4.50 to $2.94 per share. Cape Cod. — A dividend of 2 percent was paid January, 1849; 2k,, January, 1853; 2 in Notes on the Boston Stock Market. 81 July; 2, January, 1854; 3 in July, and 3 per cent in stock, March, 1855. Capital $747,960. In addition to the capital in table, the Co, issued 1,150 shares at $75 (par 60) in 1870, to citizens of Eastham and Wellfleet, the same not to draw dividends uutil five years after the extension of the road was completed,-about January, 1871.. Chelsea (Horse). -Leased to the Middlesex at 8 per cent, subject to deductions for taxes. Cheshire Preferred. - The old stock was preferred in 1852, by each holder of three shares paying $100, and receiving four new shares. A very few shares of the old stock still remain out. A large amount of the earnings of this Co. has been absorbed in its "construction account," and occasional dividends paid. Semi-annual payments are expected to be regularly continued hereafter. Cincinnati, Sandusky, and Cleveland. - This Co. represents " The Mad River and Lake Erie " Railroad, after numerous changes in name. Dividends on the preferred stock are paid regularly. None on common stock. Annual meeting, third Wednesday in October. Concord. - In early years, this stock sold the highest (145 per cent) of any railroad in New England, and was never below par until 1855. The annual meeting is held the "Tuesday preceding the last Wednesday in May." In 1870, a spirited contest for stock to control the annual meeting, carried the price to $90 per share (private sales), equal to 180 per cent. Concord and Portsmouth. - Guaranteed to pay 7 per cent for fifty years from 1862, by the Concord Railr6ad. Connecticut River. - Semi-annual dividends of 4 per cent each were paid, from February, 1851, to Aug., 1860 inclusive, on the preferred stock; after that date, the preferred became common stock by limitation. Connecticut and Passumpsic Rivers. - The annual meeting is held "in the month of July," usually the latter part. Ten per cent extra, in stock, paid March, 1864, and 10 March, 1866. Eastern. - First opened to Salem, Aug. 27, 1838, with a grand festival to stockholders and invited guests. Opened to the public, Aug. 28, with six passenger-trains and 1,000 passengers first day, then considered a great number. Opened to Newburyport, Aug. 28, and connected with the Eastern in N.H., Nov. 9, 1840. Annual meeting, first Monday in Feb. Eastern in Neuw Hampshire. - A distinct corporation, but leased to the -Eastern in Mass., Feb. 18, 1840, for 99 years. The stockholders receive the same dividends as the Eastern, which are given in the table. In Jan., 1839, however, none was paid on the New Hampshire part, being before the lease. The annual meeting is held the "first Tuesday after the second Monday in July." Fall River. - Consolidated with the Old Colony, July, 1854, and called " Old Colony and Fall River Railroad." A stock dividend of $13 9{- per share was paid Oct., 1854. Fitchburg. - Capital increased to $3,750,000 in 1870, by sale at market rates, and to be carried to $4,000,000. Granite Railway.- The second oldest railroad in the country. Located at the Quincy (Mass.) Granite Quarries. The dividend of 6 per cent (1864) was paid Jan. 1, 1865; then July and Oct. In 1866, Jan. and April. In 1867, Jan. and Aug. In 1868, Jan. and Sept.; since, March and Sept. Hannibal and St. Joseph. - First dividends, 5 per cent on preferred, and 3J on common, Aug., 1870. Annual meeting, first Monday in Nov. Common stock $4,151,700. Preferred $5,086,300. Hartford and New Haven. - Extra dividends, 5 per cent Feb., 1851, Jan., 1853, and Jan., 1856, '57. Twenty per cent in stock Oct., 1864, and 10 do. Aug. 19, 1868. Regular dividends April and Oct through 1860. Jan., 1861, 21 per cent, and quarterly since. Consolidated with the New York and New Haven in 1870; earnings to be divided, 43 per cent to the former, and 57 per cent to the latter. Capital inc. $3,000,000, of which 50 per cent is paid in, and dividends of $1.50 per share were paid on this quarterly since April,.1870. Ilousatonic Preferred. - Dividends previous to 1856 were 4 per cent April and Oct. regularly from April, 1846 (first) to April, 1850. Then none to 1862. In the table, payments were irregular; 1862, Aug. 25; 1863, Sept. 7 and Dec. 26; 1864, April 15, Oct. 15; 1866, Nov. 1; 1867, May 25; 1868, Jan. 15; 1869, July 1, and Jan. an4 July since. Lowell and Lawrence. —DI)ividends annual, previous to 1856. Jan., 1850, 5 per cent for 15 months: 4 per cent in 1851, '52, '53; 6 per cent, 1854; 4 per cent, 1855; see tables. Malden and Melrose (Horse). -This Co. originally leasedt the Middlesex, but failed in 1861, and the Middlesex took possession. Dividends, 3~ per cent, Aug., 1L859; 3J and 3 in 1861. Manchester and Lawrence. - Leased to the Concord, Railroad, and earnings divided, 2-5ths to the former, and 3-5ths to the Concord, in proportion to the capital of. each. Metropolitan (Horse). - The first street-railroad in Boston proper. Afterwards extended to Roxbury and elsewhere. Michigan Central. -The Detroit and St. Joseph's Railroad was originally chartered in 1832. Capital $1,500,000. Work commenced in 1837, under the auspices of the State of Michigan; and up to 1845 the road had been opened from Detroit to Kilapazoo (143 miles), constructed with wooden rails, covered,with flat bar-iron. In 1846, the legislature chartered the Michigan Central Railroad! and sold this 143 wiles, with the franchises of the company, to Bosatn. and. NewYork.captaliqt^, for $2,000O,OQ;, pr 0 82 Notes on the Boston Stockc Market. about $14,000 per mile. This company came into possession Sept. 23, 1846, and immediately determined to extend the road to Chicago. Although located in Michigan, the road is manaye(l principally by Boston men, with the treasurer's office here, and is practically a NewEngland corporation. The dividend in 1852 was 10 per cent stock, 4 cash, paid annually previous to 1855. Six per cent extra in stock, July, 1865, and 10 per cent, Jan. 1, 1869. The debt in table includes $1,850,000 of "Air Line" bonds. Middlesex (Horse). - Boston to Charlestown with branches. Dividends Jan., July up to 1864; April and Oct. since. In addition to the $100,000 funded debt, the Co. has assumed th3 $60,000 Maiden and Melrose bonds. In both cases, the sinking funds will pay the b -nds. at maturity. Nashua and Lowell. - Orig. capital $250,000. Inc. to $600,000 previous to 1856, and to $720,000 by a 20 per cent stock dividend Aug. 1, 1867. An extra dividend of 4 per cent, Nov., 1848, and 2 per cent, Nov., 1844. New Bedford and Taunton. - Orig. cap. $400,000. Inc. to $500,000 Oct., 1852 by 25 per cent stock dividend. New-York Central. -Formed in 1853 by " consolidation " of all the roads from Albany to Buffalo. An extra dividend of eightq per cent in stock certificates, paid Dec. 21, 1868, and 4 per cent cash on that, Feb., 1869. United with the Hudson River Railroad, Oct. 1, 1869 " for five hundred years," under the name of " The New-York Central and Hudson River." At this time, a further stock dividend of 27 per cent was made on the Central, including both the capital and the previous issue of "certificatcs " making a total of nearly 128 per cent on the stock as it stood in 1868 ($28,795,000). 'lThe Flitdso;a River also received 85 per cent extra onits $16,020,800 capital; thus swelling the combined capital to $90,000,000-" watered" more than 100 per cent. New York and New Haven. - The Norwalk accident in 1853 caused a stoppage of dividends; and by the Schuyler frauds, in 1854, the company was robbed of $2,000,000 stock. The shares fell from 128 to 105 in consequence of the accident, and to 25 in 1855, the result of the " over-issue." After extended lawsuits, the courts decided the stock good against the company, who redeemed it in March, 1866, at actual cost to the holders, with twelve years' interest at 7 per cent, and damages, if any, added. Dividends were not resumed regularly until 1861. The 3 per cent in 1857 was declared in Feb., but payment delayed until Oct. by an injunction. Then 3 per cent Aug., 1859, and April and Aug, 1861. In 1862, '63, '64, quarterly, Feb., &c. Since, Jan. and July, except 1866, 5 per cent, May 18. Northern (N.H.) -A dividend of $2 in June, 1854, was " passed to the credit " of shareholders, but not paid until June, 1856, and is omitted fiom the table in 1854; June, 1864, 2 per cent regular, 2 extra. June, 1866, 3 regular, 4 extra. Norwich and Worcester. - Leased to the Boston, Hartford, and Erie in 1869, at 10 per cent net per annum. Oqdensburg and Lake Champlain. -This Co. was organized on the debts of "The Northern Railroad in New York " (called " Ogdensburg "). The first mortgage 7 per cent bonds were converted into the 8 per cent preferred stock, and the second mortgage, into common stock. The Ogdensburg and Lake Champlain has issued $500,000 of 8 per cent bonds, due 1878-9. In June, 1870, the road was leased to the Vermont Central and Vermont and Canada Railroads for twenty years; to pay interest on equipment bonds, dividend on preferred stock, and 6 per cent for three years, 7 per cent for three years, and 8 per cent for fourteen years on common stock. The lower connecting roads are authorized to reserve and pay over to the Boston and Lowell Railroad treasurer a sufficient sum to pay the above rates; and the treasurer of the Ogdensburg and Lake Champlain is to draw monthly for the same. The Ogdensburg and Lake Champlain, having a surplus, paid 3, per cent as the first and second dividends under the lease (July, 1870, Jan., 1871), and will undoubtedly make the first three years equal to 7 per cent. Annual meeting in June, usually the first Tuesday. Old Colony and Newport. - The "Old Colony" was united July, 1853, with the "Fall River " Railroad, giving a consolidated capital of $3,015,000. In Oct.. 1854, a stock dividend of $22?J%1 per share was paid in consolidated stock. Extended to Newport, R.I., in 1853. Jan., 1864, an extra dividend of 40 per cent in stock. Annual meeting. 4th Tuesdav in Nov. Philadelphia, WVilmin7ton, and Baltimore.- Dividends, April and Oct., up to Oct., 1865; then changed to Jan. and July, passing Jan., 1866. Paid 9 per cent extra Aug., 1863. and 10 per cent Oct. 1, 1864, both in stock. Pittsfield and North Adams. - Leased to the Western Railroad (now Boston and Albany) at 6 per cent, for 30 years from Jan., 1846, and 5 per cent forever thereafter, or the purchase of the stock at par. When the Hoosac T5nnel is finished, the Troy and Greenfield Railroad is obliged by its charter to take the road off the hands of the Boston and Albany Railroad at cost ($450,000), if the latter so elects. Portland, Saco, and Portsmouth. - Leased perpetually to the Eastern, and Boston and Maine, April, 1847, at 6 per cent, with a penalty of $200,000 on each party for a breach of contract. June, 1863, and after, the dividends were demanded in gold, and finally compromised by paying gold, June, 1869 and since, with 12 per cent extra in currency (paid March 23, Notes on the Boston Stock Market. 83 1870), to make the six years' back dividends equal to 8 per cent. July 20, 1870, the Portland, Saco, and Portsmouth gave the required six months' notice to annul the lease. Providence and Worcester. -An interest (lividend of 6 per cent in stock paid March, 1848. Reading, so called. - Proper name " Philadelphia and Reading." Extra dividends in stock, Jan., 1848, 12 per cent; Jan., 1853, 8 per cent; Feb., 1856, 2 per cent; July, 1856, 4 per cent. On the preferred, 4 per cent, Jan. and July, 1856,'57; 3 percent, Jan., 1858; 1859, '60, '61, seven per cent in common stock scrip, paid Dec. 31, 1862. Jan., 1862, '63, seven per cent; July, 1863,.3; Jan., 1864, 31; all cash. Jan., 1865, 15 stock. Since, same as on common stock in table. Preferred capital $1,551,800. Rltland. - This is a re-organization of " The Rutland and Burlington." The preferred stock represents the first mortgage with overdue interest; a $1,000 bond giving 24 shares (par 100) Rutland preferred within a few dollars. The common stock (2,600,000) represents the second mortgage bonds and back interest. South Boston (Horse). - Originally the "Broadway." Name changed June, 1868, by act of the legislature. Dividenls quarterly, Jan., &c. Annual meeting, " Monday next following Dec. 25." South Shore. —Leased to the Old Colony at 6 per cent from April, 1849, to April, 1854. Run by the company from thence to 1869, when the Old Colony purchased a majority of the stock, and now have control. Dividends of 3 per cent were paid Oct., 1851, April, 1852, and Jan., 1863. Stockbridge and Pittsfield. - Capital $448,700. Leased to the Housatonic Railroad at 7 per cent on cost. Stony Brook. - Leased to the Nashua and Lowell Railroad. Cap. $267,300. Dividends 6 per cent. Stotinfqton, so called. —Proper name New York, Providence, and Boston. Dividends paid in Nov. previous to 1859; then Jan. and July, except 1864, '65, quarterly. Union (Horse) -This Co. was organized to equip and run the Cambridge Road, which it leases at 9 per cent per annumn. The first dividend in table was for 18 months, paid July, IS57: then Jan. and Nov., 1858; Nov., 1859; Dec., 1860, '61, '62, '63; Jan. 1867, '68; July and Nov., 1870; making in all 97 per cent for fifteen years. Union Pacific. - This company, in connection with " The Central Pacific," forms the great line from Omaha to San Francisco. Capital stock authorized, $100,000,000. Amount issued $36,745,000. First mortgage 6 per cent gold bonds, $27,237,700. Land grant 7's, $8,618,000. Income 10 per cents, $10,000,000. The United States loaned this company an amount of "'currency sixes " equal to its first mortgage bonds, and for security holds a second mortage. Vermont and Canada. — Leased to the Vermont Central Railroad for 50 years from 1850, at 8 per cent. Failing to pay interest Dec., 1854, the company took possession of the Vermont Central according to the terms of the lease. No dividends from June, 1854 to 1861 (4 per cent paid in Aug.) An extra of $44.80 per share in stock was paid March, 1864, in. full for back dividends. Annual meeting not fixed; usually the third Thursday in Oct. Western Railroad. - Opened to Springfield, Oct. 1, 1839, and to Albany, Dec. 21, 1841. Has one grade 83 feet to the mile, for about 1 miles; one of 79 feet, for four miles; one of 78 feet, for two miles; and one of 74 feet for 5. miles; averaging a grade of from 60 to 83 feet per mile for more than eighteen miles. At Washington, near the State line, the road-bed is 1,456 feet above the level of the depot in Beach Street, Boston. A single mile of the mountain section cost $220,000. An extra dividend of 30 percent in stock, July, 1867. Consolidated wvith the " Worcester," as the " Boston and Albany," Dec. 1, 1867. Worcester and Nashua Preferred. -The old stock was " preferred " in 1852, by each holder of 5 shares paying $100, and receiving 6 new shares. In this connection, it may be well to place on record the fact that the New-Jersey legislature of 1814, '15 chartered the " New-Jersey Railroad" company; but these " visionary " men were nearly twenty years ahead of the times, and the charter became a dead letter. 84 Notes on the Boston Stock Market. TUNITED STATES AND STATE SECURITIES. DURING Gen. Jackson's administration, —1829 to 1837, —the public debt was extinguished, and a surplus of $40,000,000 accumulated in the Treasury, which was disbursed among the States; furnishing, as was said, the only instance of a government distributing money among its citizens out of its overflowing coffers. TERMS OF TIE SURPLUS DISTRIBUTION.;- In one or two cases, the States declined to take their portion upon the Government terms, which were, that all over $5,000,000 in the Treasury, Jan. 1, 1837, should be deposited with the several States, pro rata, -L in proportion to their respective representation in Congress, -provided they should authorize their Treasurers to receive it, and agree to repay the amount if called for. In case any State refused to receive its proportion, the same was to be divided among the others as above. This $40,000,000, apportioned among the States, was differently disposed of.; Massachusetts, whose share was $1,784,231, distributed it among the towns, and these towns resorted to various methods to give each citizen hIs portion. In one case, a cash distribution was made pro rata, based upon taxation. The total to be distributed was $37,468,859, payable in quarterly instalments, January, April, July, and October 1, 1837. The last instalment was never paid, however, as the wants of the Government rendered it impolitic. None of the money has yet been' recalled, and probably never will be; though, according to the law authorizing the distribution, the Government: probably has the right so to do. GOVERNMENT LOANS. -In 1813, the United-States Government borrowed $16,000,000, 6 per cent scrip, twelve years to tun, at 88 per cent. In 1842, a 20-year 6 per cent loan, of $8,000,000, was issued at par. In 1847, anotheri of $18,000,000, 6 per cent, at J to 2 per cent advance, $7,000,000 being awarded to Boston capitalists. In 1848, $16,000,000, at 3.02 per cent lowest, to 3.55 highest, Messrs. Corcoran & Riggs of Washington City taking $14,000,000, at the former rate. * These last two 20-year loans were on account of the Mexican War; and that of 1848 being just after peace, a higher premium was obtained. Other I0-year 6 per cent loans were made in 1843 and 1846, but not to a large amount; also one of $5,000,000, 15-year 5 per cent, in 1850, called " Texas Indemnity." United States 6 per cents had previously sold below par, as the tables of prices will show; but they remained there a short time only, rapidly rising to 20 per cent advance, and afterwards reached 124. Althbugh these hihll figures rendered the investment a very poor one so far as profit was concerned, GOVERNMENT SECURITIES never lacked purchasers, and always maintained a popularity beyond that of any other class of security which the market afforded. This element had much to do with sustaining the Government credit through the trying times of the Rebellion. REDEMPTION OF PUBLIC DEBT. - Within a few years after these heavy loans were issued, money began to accumulate largely in the Treasury, and the policy was adopted of the Government buying its own loans at a premium. Up to July 1, 1853, the redemption was effected by purchasing in the market at the current price; but this mode was abandoned; and July 30, 1853, a public offer was made to redeem at the Treasury, between that time and Dec. 1, $5,000,000 of the loans due 1867 and 1868, at 21 per cent premium, and Aug. 22, another offer was made for $2,000,000 of the 1856 and 1862 loans, at 8J and 16 per cent premium, with interest from July 1. -Notes on the Boston Stock M3arket. 85 These offers were renewed from time to time at different rates of premium, and the debt was materially reduced as follows: Total debt prior to 1852 Redeemed previous to July 1, 1852 Debt July 1, 1852 Redeemed July 1, 1852, to July 1, 1853 Debt July 1, 1853 Redeemed July 1, 1853, to July 1, 1854 Debt July 1, 1854 Redeemed July 1, 1854, to July 1, 1855 Debt July 1, 1855 Redeemed July 1, 1855, to July 1, 1856 Debt July 1, 1856 Redeemed July 1, 1856, to July 1, 1857 Debt July 1, 1857 Redeemed July 1, 1857, to Oct. 1, 1857 Total redemption Balance of debt Oct. 1, 1857 ~. $78,797,816.83. $6,396,729.56 ~. - 72,401,087.27. 5,060,458.49 ~. I67,340,628.78. 20,098,422.73. 6,658,574.40. 7,846,068.85. 3,677,175.90. 3,895,232.39. $53,632,662.32 * 47,242,206.05 40,583,631.65 32,737,562.80 29,060,386.90 $25,165,154.51 In addition to the payment of over $53,000,000 principal, $8,000,000 was paid as premium on the same, thus presenting the only instance on, record of a government redeeming its obligations before maturity, at a bonus of 21 per cent on a portion, and averaging from 12 to 15 per cent on- the whole. In 1854, the Government also disbursed $7,000,000 towards the $10,000,000 to be paid Mexico on account of territory ceded by the " Gadsden Treaty," so called. Increase and Decrease of Public Debt.;- After the panic of 1857, the debt began to increase again, with the following results: Balance of debt Oct. 1, 1857...... $25,165,154.51 Debt increased in 1857, by one-year Treasury-Notes... 20,000,000.00 Debt increased Aug., 1858, and Jan., 1859 (5's of 1874).. 20,000,000.00 Debt increased latter part of 1860 (5's of 1871).. 7,022,000.00 $72,187,154.51 Debt increased during the Rebellion to (Sept. 1, 1865)... $2,757,689,571.43 Reduced Sept. 1, 1865, to Sept 1, 1866,. $162,051,403.21 Debt Sept. 1, 1866.. 2,595,638,168.22 Reduced Sept. 1, 1866, to March 1, 1867. 64,874,278.42 Debt March 1, 1867... 2,530,763,889.80 Reduced March 1, 1867, to March 1, 1869, 5,300,629.79 Debt March 1, 1869... 2,525,463,260.01 Reduced March 1, 1869,to March 1, 1870, 87,134,782.84 Debt March 1, 1870....2,438,328,477.17 Reduced March 1, 1870, to Jan. 1, 1871. 106,260,683.42 Total reduction... $425,621,777.68 Amount of debt Jan. 1, 1871. $2,332,067,793.75 Fluctuations in the Public Debt. -- In this connection we present the amount of Government indebtedness at various important periods since the close of the Revolu. tionary War: - 86 Notes on the Boston Stock Market. 1789. Debt after Revolutionary War.... 75,463,476.52 1804. Debt increased to..... 86,427,120.88 1812. Reduced before second war to... 45,209,737.90 1816. Debt after War of 1812..... 127,334,933.74 1835. Debt all paid off. 1852. Debt after Mexican War..... 78,797,816.83 1857. Reduced in five years to..... 25,165,154.51 1861. Increased by deficient revenue, to... 72,187,154.51 1865. Debt after War of Rebellion (Sept. 1, 1865). 2,757,689,571.43 1870. Reduced up to Dec. 1, 1870, to.... 2,334,308,494.65 The latter part of 1860, the wants of the Government became pressing, arid proposals for a new loan were received Oct. 22. (This was at 5 per cent, ten years to run, and redeemed the latter part of 1870, in gold at 110 to 112.) The bids ranged from par to 101, only small sums over 100k, and mostly at par. The Merchants' Bank of Boston took $300,000 at 100 to 100., and the Provident Institution for Savings, $200,000 at 1004. The 5 per cents of 1874, fifteen years to run, had been issued in August, 1868 ($10,000,000), at 1041 to 107.03, and Jan., 1859, a like sum at an average of 102g. Proposals for $5,000,000 one-year Treasury-notes were received Dec. 28, 1860, the bids being on the rate of interest. Only $2,500,000 were bid for, at 6 to 36 per cent per annum, and $2,000,000 awarded, mostly at 12 per cent; all higher rates being refused. The Bank of Commerce of New York took $1,500,000, for itself and others, at 12 per cent. Feb. 23, 1861, proposals were received for $8,000,000, twenty-year bonds (6's of 1881), which were awarded at an average of 90.15. [This was the lowest at which any bonds were issued by proposals, though they afterwards fell to 83 in the public market. In July, 1864, $4.2,000,000, 6's of 1881, were awarded at 104, the Second National Bank of Boston taking $4,250,000, being the second largest bidder.] Shortly following this, $35,364,450 Treasury-notes, about one-third for " sixty days," and balance two years, were issued at 6 per cent interest. In the Summer of 1861, loans came "thick and fast" to meet the war expenses. More 6's of 1881 were issued ($109,700,000), with $139,315,350 gold Seven-Thirties, and $60,000,000 of Demand Notes, payable in gold. The Seven-Thirties were three years to run, and eventually converted into 6's of 1881. Then came the suspension of specie payments, Dec. 30, 1861, and the great $500,000,000 Five-Twenty loan in 1862-3, which was subscribed for at par throughout the country, in sums from $50 upwards. Other loans followed, until the aggregate debt reached the large figures noted on -previous page. That the people ever had confidence in their Government is shown by the very large proportion of small subscriptions. Of the entire coupon loans, it is said that there were issued of $50 pieces, 319,037; of 100's, 730,066; of 500's, 463,819; and of $1,000 pieces, 927,665; STATE LOANS.- Of the New-England States, only Massachusetts, Maine, and Vermont had any public debt previous to 1860, and that of the latter two was very small. The war of the Rebellion caused a rapid accumulation of State indebtedness, anjd, although being steadily reduced in most instances, the aggregate in the six NewEngland States is still large. The debt of Massachusetts in December, 1870, was $28,000,000, a very considerable portion of which was the burthen of the Rebellion. The financial condition of Massachusetts is sound; for, although her indebtedness is large, the several Sinking Funds are ample to meet all of it at or before maturity. The credit of Massachusetts has always stood high, and in 1849 Massachusetts 5 per Notes on the Bostor Stock Market. 87 cent sterling bonds reached 109 in London. The lowest price ever touched at home was 843, in December, 1842, when the Western Railroad sold ~100,000 (called $480,000) at auction. This was a period of great depression in State securities, owing to the non-payment of interest by some, caused by the financial embarrassments of that period, and the fear of repudiation. The only iepudiating State in the Union, however, was MIssissIPPr, a disgrace to the Confederacy, as she persisted in refusing to acknowledge her indebtedness, when able to liquidate it. A large portion of this same repudiated debt was issued to its unsuspecting victims at thirteen per cent premium, all of which went into the coffers of her treasury. It should be stated, however, in justice to her citizens, that they subsequently voted in favor of paying the debt, but were overruled by the courts. GREAT ADVANCE IN STATE STOCKS.- The rise in State securities from 1842 to 1844 was exceedingly large. Ohio 6's rapidly advanced from 48~ to 1023; Illinois 6's, 14. to 45; Indiana 5's, 15 to 491, and so with others. Pennsylvania 5's and Maryland 6's, which had been down to 40, and below 50, respectively, rose in one year to 68 and 731 In 1853, Pennsylvania 5's sold at 97- ex-dividend, equal to par, and Indiana 5's at 1011, March, 1854. The same Illinois bonds which fell to 144 in 1842 touched par for the first time in their history (after being issued) about July 1, 1855, "a cheering fact for every sucker," as said a Western paper. OUR SECURITIES ABROAD. —Before the Rebellion, United-States 6 per cents were as high as 109#, and 5 per cents 95, in the London market, for dollar bonds. In 1864, the Five-T-enties of 1862 sold down to 383 per cent. Therefore $387.50 in gold would at one time buy a $1,000 6-per-cent bond, interest and principal in gold, and the former always promptly paid, as well as all matured principal. Fortunate holders thus realized 15 per cent on the money invested, besides an enormous profit on the rise in market-value, the same bonds selling at 92 per cent in December, 1870. Large fortunes have thus been realized by purchasers abroad; especially on the Continent, where the bulk of transactions were effected in the darkest days of our Rebellion. Mlassachusetts never failing to pay principal and interest in coin, her bonds have always been in favor abroad, commanding higher prices than those of any other State in the Union. In 1855, the 5 per cent sterlings were up to 105; in 1860, 100 to 104; 1861, 85 to 103. Prices naturally fell off on the outbreak of the Rebellion, and during its continuance, in sympathy with those at home, which, if seemingly satisfactory in a depreciated currency, were below those obtained before the war, comparing the values of the gold and depreciated medium of circulation; as a reference to the tables will show. In October, 1865, ~424,000 5 per cents were placed in London at 75 per cent, with a sinking fund of 3 per cent; realizing, with exchange,. above par, gold averaging 145. Boston City Bonds, always specie-paying, also commanded good prices abroad, and have been higher than those of any other city in the Union at the same rate of interest; and in 1855 the 4. per cent sterlings were quoted as high as 102. In sympathy with the general fall in sound American securities, lower prices ruled during the Rebellion, but still satisfactory under the circumstances. The city treasurer succeeded in placing a loan of' ~800,000 5 per cent sterlings in the London market at 87, which, with exchange, would be equivalent to about 96, with gold averaging 114. The loans of the disloyal and border States, as a matter of course, fell to low figures in Europe, when the war of Rebellion had fairly set in, and many were afterwards lost sight of. Virginia 6 per cents dropped speedily from 89 to 26; Tennessee, 82 to 34; South Carolina, 88 to 45; Alabama 5 per cents, 75 to 42; Maryland, 97 to 88 Notes on the Boston Stock Market. 60; Kentucky 6's, 96 to 60. Even loyal States, like Ohio, Pennsylvania, and others, suffered greatly in their credit abroad by discontinuing payment of interest in specie. Pennsylvania 5 per cents fell from 89 to 63, and other loans to 60. All have since materially improved, especially the bonds of the reconstructed States, which at one time were merely nominal in value. The Confederate Loan had a somewhat brilliant start and short-lived career. Issued in 1863 at 90 per cent, it rose to 105 that year, and fell to 7 per cent in 1865. The amount was ~3,000,000 sterling, 7 per cent interest, payable in 20 years, or redeemable prior thereto in cotton at 6d. per pound. At last accounts, it was selling at a trifling sum, finding purchasers in relic-dealers and others desirous of a $500 or $1,000 souvenir of the Great Conflict. The Confederate currency at home, in 1861, was 20 per cent below gold; then it fell to 50 per cent; and in December, 1862, it took $300 in paper to buy $100 gold. From this it rapidly depreciated, until finally falling to 6,000 for one, "the last measure of its value," said Mr. Pollard. UNITED STATES, STATE, CITY, AND MISCELLANEOUS SECURITIES. Highest and Lowest Prices for thirty-six years, -1799 to 1835. NAMES OF SECURITIES,] 1799. [ 1800. | 1801. ] 1802. 1799 to 1811. IPar High. Low.i High. Low. High. Low. High. I.ow. 1803. 1804. 1805. 1806. High. Low. High. Low.lHigh. Low. High. Low.I United States 8 pr. ct... I.. United States 6 pr. ct......: Do. defer'd, 6 pr. ct.i... U. S. Navy 6 pr. ct........ Urrited States 5 pr. ct..... United States 3 pr. ct...... Massachusetts 5 pr. ct..... 1811 to 1823. I United States 7 pr. ct...... United States 6 pr. ct... I... United States 3 pr. ct...!... Do. (Miss. Stock)....... Massachusetts 5 pr. ct..... Massachusetts 6 pr. et. j... 1823 to 1835. I --- United States 7's (1815), U. States 6's (1812-1;)..... U. States 6's (1814-15).... U. States 5's (1820-21)..... U. States 4 's (1824).. U. States 3's (1790)....... Boston C('ity 5 pr. ct. t.... Boston City 44 pr. ct. RAILROADS. ETC. Boston & Lowell It. R.... 50C Bost. & Providence R.R. 10(o Bost. &r, Worcester R.R. I10 Boston Atheneum....... Boston Library........]... Bost. & Rox. Mill Dam,... Tremont Theatre......... 106 102. 110 104 | 115 106 114 111 864 784 91O 811 100 86.1 102 97 75 70 90 734i: Same pilice as i.................... 1 88 103 98. 50 45 54.1 471 60 52.1 67 59 82s 80 83 80 92] 85 100 o90 1811. 1812. 1813. 1814. 104 971 101 95 100 90 1 92 6 66 58 62 56 571 53 531 49......... 10...0......... New.1815. 1823. 1824. 1825. _ 1826._ 104 102t.... 101 Paid. 1042 101 1051 100.1 104 100 1021 100 109 103 112 1054 111 102 10& 101... 1054 112... 108 105 107 100.......... 105... 104... 102 98 79 724 90 79 90 85 86 80 flOO 1101... 1104... None...................... 1004... 994... $207.................... 290 275 $26 30"... 30 26 i...................................N ew, 1827 1124 107 109 106 106-1 104 106 104 100 95 964 94 97 91 100 953 per cts............................... 101 06 99 96 98 94 100 96 100 96 97 944 954 91 99} 95 62 57 59 57 571 53 64 57 100 97 98 961 96 90 g 98 90 1815. _ 1816. 1817. 1818. New. 1 102 91 111A 102 O110 105 90 81 97, 80 1081 96 1061 101 51 44 61 48 70 61 71 64.......... 64 50 86 64 911 84' 101 88 91 84 100 90 100 97 L99... 100 93 102., 99 Paid. 1827. 1828. 1829. 1830. 102 1001' 102 '16600 'Pa.id......... 106 o101i 106 100o 1043 100.1 102 100, 108... I 108 103 1053 101 108,'- 102' 1034 101!102 984 102 98 103. 1014 88 801; 87 83 89L. 84 95} 89 109 108 None. 104... 102 None. None. 100... 1004....................... N ew.............................. N ew. 277 250 220 200 183 180 165 $19...... 15- 25 17A 20 16 25 213'i 20 18 194 18 26} 213 80 75! 63 53 60 50 49 42 1807. 1808. 1 1809. 1810. Iigh. Low. Iigh. Low.' High. L.ow. High. Low. 105 101- 1021 101 Paid.......... 1014 96 103} 98 104 101 104 102 Prod. [.i~h:..I:.:...... I."............ Paid............. 100 Paid..................... 65 61- 6 35 636'! 0 67 0 67 64 98 94 99f i93 100 99 100 99 1819. 1820. 1822. 1061 1031 1104 1054 11 109 108!} 104 103 100 108 102 112 106J 111 102 68 62 70 65 793 69 79 73 914 821 97 91 991 95 Paid. 084 95 103 97 103 100 Paid,1821........... 1831. 1832. 1833. 1834. Paid.................. 1064 103 105 103 103 100,1 101 ~100 103 101 103 99 101... Paid. 951 92' 100 96 Paid........... None....100 10... 102... 124} 117 118 1144 110 100 96 80 109... 107 99 119 87 1071 83 New. 105t 793 954 70 ' 175 165 195 180... 175 180 165 181 153 21 20 21 15 19 171 24 22 23 20 18 101... 91 46 42.. 3 353.. 2 221 CA -'Q CI a< Q Cs ca.3 Cs 1n Q ac; CQ Y (^ C4* CO;t Cli C'-4 Boston City 10-year loan. There was a public sale of Boston four per cents (10-year loan) in 1833, which brought 934 to 961 per cent, interest quarterly. 4 United States six per cent deferred, was stock on which interest was deferred to a future year. This accounts for the lower prices up to the time the stock began to draw interest. ~ Redeemed in 1834. CITY, STATE, AND UNITED STATES SECURITIES.. ~ Highest and Lowest Prices-1835 to 1855. 1836. 1836. 1837. 1838. i. 18 I8. 1841. 1842. 1848. ' 1844. Cm, STaTI, AND U. S. S. a nd_ CbITIB. Highest and' Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Highest and Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Boston City '............... 95 102 99 102 9 97 95 98 100 100 102 100 104* 100 105 1014 Illinois 6 s,... 1........................ 61 1 20 143 45 20j 8 4 0 Indiana '......................................................................3 1 71 22 16} 431 30 49 87 Kentucky 6's,........................................ 85 8 72 4 2 104 82 106 99 Massachusetts..........103 93 103 100 100 97 97 9 91 86 92 84 104 864 10 101 Ohio 6's, 1860.9? 77 94 484 1014 61 102~ 91 Ohio 6's, 1860................................................................ 9............................ 94 1 4 1017 2 1 10 6 102 94 Pernnsylva ia 6' a sn,.................................. I.................................................. 4... 44 80 5 United States 6's, 1862,...................................................................... 100.. o118 105 11 13 CITY, STATIC, AND U. S. SEc. 1845. 1846. 1847. 1848. 1849. 1850. 1851. 1852. 1853. 1854. Albany City 6's, Western t..... 105 100 105 100 106 100 104 96 13 1 03 98 10903 190(3 112 10 11 3 10 106 102 Boston City 5's.................106 100 105 98 103i 91 97 91 96 s 92 100 95 100 97 101 lusi 101b 101 94 'linoi 6'8,....................... 44 35 39 34 50 32 474 40 48 421 66 45P 70 611 87 67 l92 864 92 80 Indiana '.................... 40 b3 42 37 61 35 58 50 7i0 5 81 70 l85 i 78 3102 82 102 96 101 p5 Kentucky 6................... 103 100 102 97a 105 96 1031 95 107 100 109 102 1091 104 113 106 1 102 108 9 Massachusetts 5',................ 104 103 103 97 98 90 93, 88* 95 92 100 95 100 97- 100k 98 1004 99 100oo 9 Ohio 6'1, 18................. 100 91 k) 90 102 91k 104 94 110 102 113 105 111 107 112} 106 1 0 106 108 97 Pennsylvanll's,,, l inn... 78 68 72i 63 83 66 T 79i 70 91 78 98 87k 96 90 99 89 99 90 90 79 Portland City 6's, payable in Boston,...................................... 101 99 102 983 104 101 104 100 UnitedStates6's,1862uand 868, f r.... 114 10ii 112 99 108 97 3108 97 111 105 w122r 112 112i 11221dow 11 4 21 122 1 12 116 * United States 6'8 of 1862 are quoted until 180, when those due in 1868 issued in 1848) are substituted, in order to show the highest point reached by any of the gov ernment securities. 'IThe Indiana debt comprised eight classes in 1850; we quote the loan for which the State faith was pledged and interest provided for, by taxation. For the other portion called "Canal Loan," the Wabash and Erie Canal lands, &c., were pledged. The higher quotations for 1llinois 6's, in latter years, are for 'Improvement Bonds," so called. In July, 18 8, Illinois paid $6 interest on each $1000 of debt, being the third like semi-annual payment. Indiana had also partially resumed interest payment, and both States have since resumed in full. The various State securities have touched high figures at different periods. New York 6's, in 1835, were up to 126; in 1842 down to 78, and rose to 121 in 1850. Pennsylvatnia 5's were at 109i in 1835, and 4 hio 6's 1234; quotations in the ttble are for 6's of 1860; those due in 1870 sold as high as 1161 in 1850. Maryland 6 per cents, iss.ed in 1835, payable 1870, brought 117.6 per cent. Indiana 5 p.r cents, issued in 1835, payable in 1855 and '60, brought 104k and 105 per cent. Mississippi and Pcnnsylvania Bonds, brought large premiuns, and like bids were obtained by other Southern and Westein States, issuing loans at that period or prior thereto. On the contrary, April 10, 1837, the Sty;te of New York asked proposals at not less than par for $450,000, 5 per cent stock, and $150,000, 6 per cent. payable in S, ears, but no bids were received. Other States would have undoubtedly met the same fate, had they asked for loans at that period, so great had become the change in the finances of the country within two short years. In 1847. $1,000,000 City of Boston 5 per cent. stock was taken at an average of 94 per cent. Various loans have since been made, (mostly on foreign account,) at handsome premiums. and in some cases at the low rate of 44 per cent. interest. 0 e: h -t ea. Ce 9k;a Q. la-~ — - -- - 0 rr. ~"" I. LU~~ _- -- _:X__. MISCELLANEOUS COMPANIES. Highest and Lowest Prices-1835 to 1855. MISCELLANEOUS. 1835. 1836. 1837. 1838 1839. 1840. 1841. 1842. 1813. 1844. 1835 to 1845. Par. Highest and Highest and Highest and Highest and Highest and. Highest and Highest and Highest and Highest and Highest and Lowest. I Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest. Lowest.:oston Exchange Co......... 50............ (Opened 1842) 450 425 426 306 394 833 40 877 Boston & Roxbury Mill Corp.,. 13 12 8 10 10 13 10 18 12k 131 101 11{ 11 12 1i 13 12 13 12 Boston Water Power Co.. 124 70 992 90 90 77 77.... 80 71 75 75 70 75 70 85 Canton Land Co., (Baltimore,).. 220 60 98 54 80 28 56 293 53 23 31 22 35 20 23 17" 29 16 68 311 East Boston Land Co.............85 15 2 132 68 57 33 32~ 71 42 12L 16k 12 12 10 5g 4 61 4i 19 I Winnissimmet Land,(Chelsea,) 50 380 273 88 50 58j 383 44 231 40 20 25 16 24 16 19 13 15 40 241 1845 to 1855. Par. 1845. 1846 I 1847. 1848. 1849. 1850. 1851. 1852. 1853 1854. Atlantic Wharf,.............. 5........................................................................ New. 4. 8 3 2 IO Augusta Water Power,....... 7e 6 7 8 3 1 2 Boston Exchange Co.. 500 465 420 480 399 490 450 450 420 470 420 510 475 510 490 520 495 525 500 525 610 Boston tRtoxbury Mill Corp... 19 131 22 20 71 47 44 42~ 44k 42 45 42 40 39 43 40 55k 40 54 50 Q Boston Water Power Co...... 245 210 125 100.......... 265 145............ 245 225 275.... 5 60 69 521 70 64; Canton Land Co., (Baltimore,). t 62 35 67k 25 48 27 35 281 41k 331 57 371 96 51 124 68 119 t27 27 20 o Cary Improvement Co.,........0....................................................................... New, 1852. 21 8 14 7 1 5 East Boston Land Co...... 17 9k 181 10k 23J 10k 14k 10 14 12k 234 14k 331 173 25 18 26. 17k 23 1 Edgeworth LandCo........... 5........................ New. 7 5 7 6 8 5 12 6 8 6 7 23 4 1 Essex Land & Water Power Co., 100.......... 200.. 13 115 140 123 122 100 111 80 122 80 114 80 9 68 Had. Fals L'&Wa'rPow. Co., 100............................................... New 75 65 65 60 83 70 80 69 70 80 Lewiston F. do. do. do. do. 100..................................... New 100 91k 95k 85 90 60 Saco Land & Water Power Co., 300 400 800 425 325 450 875 480. 400 410 335 350 250 250 220 205 196 225 200 2:;0 150 H Waverley Land Co.5...................................................................... New. 5 4 5 23 4 1] Winuissim. Land Co, (Chelsea), 50 45 30 190 8135 200 122* 150 906, Copper Falls Mining Co.,(pd. in) $24........................................................................23 8............ 23 8 62 27 65 24 Forest Copper do. do 20.................................................................................. 10 5 2 4 14 5 Isle Royale Cop. Min.Co do s12........................................................................ 6k 6 20 6 24 8 Minnesota do. do. do. do. $22................................................................................... 200 150 220 170 195 140 National do. do. do. do. s..............................12 6 32 13 11 8 N. Amer. do, do. do. do. 21.......................................................... 45 25 45 75 40 Phoenix do do do. do. $8.......................................................... 19 8 10 4 Pittsburg & Boston do. do. 18...... 8 63 105 75 105 80i 125 90 124 95 195 125 153 106 Toltec do. do. do. do. / $8............................................................... 6 4 18 6 12{ 8 * WlNllMtsnurxr.-Ex-dividend of 15 per ct. in 1858 and $100 per share, payable in land (equal to -bout $60 cash) in 1853. f CANTos Co.-In 1853 the shares were divided. giving four new shares for each old one, and making the par 25, it h,ving been altered a year or two previous from 66 to 1]0. This stock was formerly very active here, but is nov entirely out of the market, New York taking control of it. It has been subject to the most violent fluctuations, frequently advancing or recedi9g $10 to 25 per share in a single day. Previous to 1835 it sold as high as 280. It consists of Land and Wharf property in Baltimore, somewhat similar to the East Boston Company. BosTon WATEB Powza, —Very difficult to obtain reliable quotations of, but we give such as could be found. The nominal par, in 1835, was 120. In 1851 each share was divided into five. to HADLE FALLus.-The quotations are given as so much per ct. Par originally $600. but changed in 1854 to $100. i_ MISCELLANEOUS COMPANIES. iSemi-Annual Dividends, from their commencement to the present time. (Official.) Incorporated 1831 18 11cMMAAKBOUS COS.^^^ &1831f 1832. 1833. 1834 1835. 1836. 1837 1838 1839i 1840. 184L 1842. 1843 1844. 18465 Boston Exchange C:o. 1842 ~ 1.2 2~21 Bost. and KIox Mill Corp. 1814 note 25ct. 25ct. 25ct. 25ct. 4ct. 40c t 00 00 $10 0 0 051 050c Sct. 050ct. 5Oct. 0 60ct 50ct. Oct. 0 6Oct 0 0 astBotonLandCo.... 1833 note................. $5 02 00 00 $30 0 00 0 0 $10 0 0 0 0 $12 0 0 0 o Water Power Co.... 1837 184........................................ 6 3 8 United States Hotel 'o.. note. 1840.................... 5 6 6 5s 4 4 4 4 4 Winninimmet Land Co...note 1831........................................4 04 00 0 00 000 0 _0 _0O O M ' C'Z ncLnrporited Capital.; Annual Dividends comeCos.d Jan. 16 Par. 1846. 1847. 1848. 1849. 1850. 1851. 1852. 1853. 1854. 1855. Boston Duck Co......... 1846 1 848 $350,000 l700 Feb, 2d Wed. Feb. & Aug................ 3 313 3 3 $24 31 40 35 28 35 30 22 CI eA Q;3 Boston Exchange Co...... Bost. atid Kox. Mil Corp. 1814 East Boston Ferry Co... 1852 East Boston Land Co.... 1833 Lawrence Gas Co........1849 Lowell Gas Co........... 1849 Mi,neso8a Cop. Min. Co.. n,.te. Pittsburg & Bos. Min. Co. note. Portsmouth Steam Mills,....... Sao Water Power Co... 1837 Suffolk Lead Works,..... 1841 Unitited States hotel Co... note. Winnisimmet Co. (Chel). note. 1842 335,000 notr 7.000 sh. 1833 225.000 note.' 20.000 sh 1849 100,000 1850 i 200,000 1848 See note. 1844 6,000 sh 1846 537,000 1841 670,000 1848 i100,000 1840 I 208,500 / 1831 200,000 500' Last of Dec..... Jan., last Mo. 100 In July.... May, slet Mon. 100 May, 1st Mon.... July, last Mo. 50 In March..... Mar., 34 Wed. 50Sept, 1st Tue. 500 Jly, 4th Thrs. 100 Feb., lstTues note Jan., 2d Wed. 50 June, 4ch Tue. Jan. & July. 21 3 Divers. 0 $2 Feb & Aug....... Divers. 0 $10 Feb. & Aug....... Jan. & July...... Not set....... Feb. & Aug....... Annual. Feb. & Aug. 3 3 Feb. & Aug....... Jan. & July. 5 5 Jan. & July.0 0 j I a 3 ) 00 0........ 0 0 0 0 1 0!0 $4 0 $2........ 4 0 10 3................ 5........ Divid's annual 3 80 00 0 24 3 4 5 5 6 3 3 0 0 2 14 0 00 68 4 3l 31 0 0 4 4 5 5 8' 0 6 83 84 2 2 4 6 $1 $1 4 4 $5 0 5 10 5 5 o7j '17 9 0 $10 8 38 2 2 9 15, 3 i 1 3 8 3 r 3 M $14 $2 $1 $7. 4 40 0 C $10 0 0 0 5 413 0 5 6 5 5 $30.. $15515 4 $10 $8 $s5 $8 4.. 0 le... 0 0 0 $10 3 30 0 TC 2 2 2 2 $100 0 0 $W50 BOSTOt AND HOXBURY MILL CORPORATION.-No regular time of declaring dividends. The last six were paid Jan. 6 and Dec. 23, 1853; June 23 and Oct. 20, 1854; Feb. 6 and July 16.1855. Divildends not included in the table were made Feb. 14, 1825, (No. 1), 50 cents; February, 1826 and 27, 60 cents each; May, August and November, 1830. and October, 1831. 25 ce,,ts. CoPPER MINING STOCKS —We give a few of the most prominent stocks; quotations for which go back a few years only, excepting the Pittsburg. Some years since the mining fever raged to a great extent, but as most of the companies then on the list have faded out, we do not give the speculative prices of those times. The Minnesota at first sold at low figures, like others, in their commencement, but the stock was not publicly operated in here until 1853, when it had become exceedingly valuable. Pittsburg (sometimes called "t'liff Mine" ) was at one time almost valueless, and some parties forfeited their shares, in preference to paying further assessments. It was the first Copper Miuing Company in this country, and has now become a very valuable and regullar dividend-paying property. The Minnesota was originallv only 3000 shares, on which the dividends given were paid. In July, 1855, the shares were increased to 20,000, at a nominal par of $50. Only $22 has been paid in, or 3.30 on the 20,000 oh. WINssIMMET Co.-The dividend in the table for 1854 was made Sept 1853. payable in land, and worth about $50 cash. The dividend in 1855 was equal to cash The shares were originally $300, but each divided into six in 1835, making the par $50. EAsT BosTON Co.-The dividends in 1833 and 1835 were in cash for land sold, and that in Aug. 1838,3 shares in Eastern Railroad stock for every 10 of the East Boston; and the one in 1853 in East Boston Ferry stock at par, then worth about $80 per share. All others in land. EssEx LAND Co.-'l'he stock of this Company has reached very high prices in former years, large sales being made at 100 per cent. prem. Jan. 1853 a dividend of 40 per cent. was made, payable in Lawrence Machine Shop stock, and another of $6 per share, cash, June 1854. LEzwiToN WATER POWER Co.-A dividend of 40 per cent., payable in Bates Manufacturing Co. stock, was made May 1, 1852, and one of 10 per ct., April 1, 1564, paysable in Hill Mill stock. Previously, interest dividends at the rate of 6 per ct. were paid in cash. SAco WVATER PowER —Authorized capital, $2,000,000. Up to 1847, only $1.000,000 paid in, and since reduced to $670,000, by charging off to profit and loss. UNITED STATES HIoTL.-Par $20 to 1843, then changed to 40, and in 1845 to $100 per share, on which the dividends are rated resDtctivelv Qa.;a I Railroad Bonds. 93 RAILROAD BONDS. IIighest and Lowest Prices, -1849 to 1855. RAILROAD BONDS. 1849 to 1855. Boston, Cone. and Mont. 7's, s 4 4" 4 6's. Cheshire 6's. 180........... Grand Junction 6's........ Michigan Central conv. 8's 4 4* i:}conv. 8's, New York Central 6's....... N.Y. & Erie 1st mort. 7's, '63. "' " 2d mort. 7's, '59, Norfolk Co. 6's............. Ogdensburg 1st mort. 7's....." 2d mort. 7's.... Rutland 6's................. Rutland 1st mort. 7's....... " 2d mort. 7's........ Sullivan 1st molt. 6's........ Vt. Central 6's, 1852......... Vt. Central 6's, 1353........ Vt. Central 1 tt mort. 's.... "' "( 2d mort. 7'..... Vt. and Mass iort 6's..... 1849. 1850.! 1851. 1852. 1853. 1 1854. IIighcst Iighest Iighest Ii7,hest |Highest Highest S Lo Lowest. L Lowest.&S Lowest. & Lowest. & Lowest. _I New. 90 87' New. New. 104 91 9'2 83, 832 8',2 87 85 85 891 851 New. S3 81.......... New 87 85' 90 87 93 8J' 92 85 100.... 101 100 102k 103 t106 102......... New...... 66........... 109 100 110 107i 105 83, 103. 9G 61 56" 71 50 100 82' 93 90........ ew. 944 81 91 8;:......... New. 81 721, 81 70 92 78' 908o 84.... 100 93 80.......... New........... New. 89 73 80 82 e.l 9,} 97 lCO' 9 I 97}4 90 9:3} 83 tj 93 a 871 80 99 8G o.994 95 I 9 75 78 72', 85 73 84;16 11 10t 114 103 1o06t 10'J 107 102 104t. 100 1100 93 New. 100.... 94 F2 '117 109 118 1)09' 11,1 103 1109 1031 111 99 01061 93 77 60' 8 70 80 50 102' 91 1024 89 91 45 8. 8) 93 62 67 20 95 84 951 90 90 20 93. 88 1 12 87 911 47 New. 74 67 G71 211 77 69 67 50 61 30 10 92 Pai.......... 85 65 85; 641 70 20 93 87 97 83i 871 40 81 73 85 64 703 20 80t 81 87 8o 84 65 S The rule in selling bonds in the Boston market is to charge the purchaser with the interest which has accrued since the payment of the last coupon. but in New York it is included in the market-value. When interest is not paid, the seller retains the first coupon passed; and interest accruing afterwards is included in the price of the bond until all arrearages are fully paid up. NON-INTEREST PAYING BONDS. —The Ordensburg Co. passed the interest due on the 1st and 2d mortgage bonds, Oct 1. 1854. The Vt. Central passed July 1, 1854, on the 2J1 mortgage, and Nov., 1854. on the 1st. Ilutlanld & Burlington, Aug. 1, 1S54, on the 1st and 2d; and no interest was ever paid on the 3d mortgage. The interest on Ogdensburg 1st mortgage was afterwards all paid, and the bonds, at maturity in 1859, extended for ten years. At the end of that time, all were paid which had not previously been converted into Ogdensburg & Lake Champlain preferred stock. The 2d mortgage never resumed interest, and were eventually converted into common stock at theis face value. The Vermont Central 1st mortgage settled the arrears of interest In 1866, by extending the bonds twenty years from June 1, and givingfifty per cent additional in new bonds. The 2d mortgage were also extended twenty-five years, and two coupons paid afterwards in scrip; but nothing since Dec. 1, 1807. Rutland & Burlington 1st mortgage were, in 1870, converted into "Rutland" preferred stock, with arrears of interest added, making nearly two shares for every $100 of bonds, and the 2d mortgage converted into common stock. The Boston, Hartford, & Erie passed on the old bonds, March 1, 1866. Most of these were converted into the " Burdell" bonds, on which the first coupon was due July 1, 1870, and not paid. RAILROAD BONDS. The above list of railroad bonds shows the limited number that existed fifteen years ago, and the great increase since will be seen, partially, by reference to page 95. The year 1870, however, added largely to the number existing previously; and new enterprises are constantly beinsr projected in all parts of the country, -few, comparatively, in New England, while at the West and South a perfect mania exists for new railroad lines and the extension of old ones. These projects, as a matter of course, all need funds; and Boston has been pretty well supplied with a great variety of securities at tempting rates of interest. So large have been these off-rings. that it has become a serious question, whether new railroad enterprises are not being pushed altogether beyond the growth of the country, and that eventually there may be a re-action. When the former edition of this work was published. January, 1856, some of the New-England roads were in a crippled condition, and their bonds fell to very low figures shortly after, as given in the table, page 95. The re-organization of most of these roads has brought up their securities, so that those who '* held on " did not make a very bad investment. The following was written in 1855, when the aspect of affairs was not of a cheering nature:" What has been remarked in regard to railroad stock (sec pape 41) applies with still greater force to most of the bonds; tor the b)ondlholders are tho real stoklholders till their clalins are satisfied. 1 hey hold the yoang and growing roads, passing throagh lroductlve sections of country. with valtuable conmictiols, at one half or third of what they could be economically built lor a, d equipped. Comparing the earnings of these new roads with those of oar best railways at the same age, they are found to be highly satisfactory; and we opine that the day is not so very distant. when it will be as much a matter of surprise, that they ever fell to the quotations in our annexed tables, as it now is that the bonds of the wealtlh State of Ohio woul'l ne)t a few years a: o bring 50 per cent, or that those of Indiana and Illinois lell to the pittance of 1..k and 14i per cent," AMERICAN GOLD, UNITED STATES, STATE, AND CITY SECURITIES. Highest and Lowest Prices for fifteen years, - 1855 to 1870. 1855. 1856. 1857. 1853. 1859. 1860. 1861. 1862. UNITED STATES SECU- 1863. 1864. 1865. 1866. 1867. 1868. 1863.t Low. HLh. Low. High. Low. High. Low. High. Low. High. Low. High.'Low. High. Low. High. RITIES. Low. High. Low. High. Low. High. Low. High. Low. High. Low. High. Low. High......................................... Suspens'n Dec. 30, 1861.... 100 1373 American Gold Coin..... 122 173' 151g 285 128k 234' 124J 1678 132 1462 132 150 119t 162k 105t 108 2 107 108i 100 107k 98 105J 100 103 92 103' 85 92 85 99 United States.... 5s, 1865 96 127 1251 225 Paid in gold........................................N.....................ew, Oct. 1860 85 100k 75k 93 79 97 United States.... 5 1s, 871 85 99 95 110 9tL 105 96k 115 105 121 115 125 121 ~1331........i...... New, Aug. 1858. 10331 105 1013 1041 88 104] 75 97 78 973 United States.... 5s, 1874 85 O 1014 e95 112 e921 105 e92~ 1061 102 112 108 123 112 123 tl09 113" 110 112 102 1123 103 108 *100}1 1041 98 102 92 991 1197 133 United States f...6s, 1862 Paid in gold.. 14 ai.ngl 116 120 1161 119 109 118 1i2 115' 107 112 95 110 85 98- 87 104: United States.... 6s, 1867 92 108 106 147 110 135 119 144 1361i142 FPaid in goldi 116 120 116 119 111 118k 111 116 1071 111 96 110 86 100 85 105! United States.... 6s, 1868 93 107 1063 145 110 135 114, 142 127 138 132 142 Pd. ingld...........................................................New,1862 94 100 U.S. Debt Certfs. gold i nt 94 10 2 Redeemd................ 9 1 2j 100 1022~ Redeem d.................................................................................................. New,1863. U.S. Debt Certfs. curncy, 963 993 923 99g 96. 99' 981 1003 Redeem'd 'iOO~~~~~~ ~ ~ ~ ~ 2 997-L 9061.: S.~ 98~10s goldeemt................ f..................................................New,1861..... 100 97 106 U.S. 7.30s, goldint...1864 100 109 103 123 114 119 Converted into6sof 1881. '"......................................................................... U.S. 73c7.30s, cur'cy, 1st ser.. Nw.1865 96 100 98 10808 Converted into 5-20s...................!........................................!.................... U.S..0,c rc,2 e........... New,1865. 95| 100 98} 0 ^ 10.1 8 108~ 1103!o5-0...........................................................'.................... US. 7.30s, cur'cy, 2d ser........... New,1865. 95. 100 971 106] 103t 108 104 110' Into 5-20s. ~:~;~ i~;~ i~:~ 111 i~ 11i~ 11~i~ew,186'1~';~83"9oi'*8~i'~()71,U' 1.30s,.eur'.y,.3d ser........... N~w,1865........ ur, 9 0 3 104. 1101 Into 5.20s...................................... New,1861. *83 951 *8. 1071 U.S. Coupon..... 68, 1881 *91 110 *102 118 1043 1123 *1032 1143 *1061 1131 *1088 1183 *111 *125k................................................. New,1862. *99] 103 U.S. 5-20(1862).. 6s, 1882 91 104 *100 114 *100k 112 *100| 1151 106k 1151 *105. 1153 111 1251............................................................ I.................... U.S. 5-20(1864).. 6s, 1884New,1864 *99 109.1 *98 111 *101 111 104 110 *104 112 107 124.................................................. U.S. 5-.20.(1865).. 6.,1885... New, Nov. 1865i *983 102 1012 1113 105 111 j*104 112 107 1240..........US 52(3.................................................1...... U.S. 5-20 50(1865). 6s, 185.................... New,J'ly *106 10g *103t 110 *104, 114 106122..........................................................I................... U.S. 5-20 (1867).. 6, 1887............... New,.ly; 1867. 106, 1087 *104,3 114i 106 *1222...................................................S.. 6s,..................... N ew, J y, 1868 107 112 1073*122.................................................U..........I.................... L.S. 10-40 (1864).. 5s,1904 New,1864. 92k 1031 *89 102j *90 103J *97t 1033 *100[ 1093 105 1163.............................................................................. U.S. Currency 6, -'99......... 96-99............................. w. 90 103 99 l ~~~I ~ STATE SECURITIES............................................................ New. 100 101 110. Connecticut.... 6, '81-'84 1043 115 100 105 911 100 92 100 98 100 98t 1003 973 99 97 101 98 102 95 102 100 105 100 107 100 104 100 106 101 1101 Maine..........6s, long 105 119 98 1051 91 99 94 100 97 100 98 100 97 99................................................ New,1861.i 95 100 101 110 NewHampshire6s,'76-'84, 104 1183 95 105 91 95 90 100 96g 100 98 1009 96 100.......... New,1857 100 1053 102 112 107 113 109 112!c100~ 108- 102} l118 Mass'setts gold 6s, '68-'76, 1163 136' 116 137k 104 1201 1063 113 108 120 121 130 1111 1223 968 99 95 99 92 99 96 101 100 1011 973 101 87100 95115 Do. gold.. 5, long 107 117 108 12 92115 93 101 98 105 103 115 101 110 2.......... T. cur. 6s, '71-'86. New. 100 102 100 104' 100 1023......................................................................... T o. c r 68 l......................... N ew. 100 102 1100 10 ' 00 02.........................................New,1861. 1093 111 Rhode Island.... 6*, long 1043 120 98 i05" 899100 90 100 973 100 98 101 963 100.................................................. New,1861. 100 103 1003 111 Vermont....... 6s, '74-'78 1043 115 99 105' 91 99 95 100 981 100 99 1001 973 100 CITY SECURITIES. 1011 105' 101 103 98 104 100 107 105 1073 1021 106k 1001105 103 110 Alb'y (W IR.)l.)6s, 71-'76, 104 1151 1023 111t 973 104 99 1013 98 101 100 101 100 101 93 100 96 98 85 98 92 96. 941 993 961 1013 93 100 100 106 Augusta (Me.)... 6s, 1870 103 108] 98 1041 90 95 90 983 921 97 91 95 88 94 99 100 91 97 843 931 89 98' 963 100 99 101 96 102 97 106 Bangor (Me.).... 6s, 1~74 1023 111 97 104 881 98 883 983 90 963 90 963 903 94 2~~ ~ ~ ~ ~ ~ ~ ~ ~ ~~~~~~~~~~~~8 98 90 96~ 9 4 96 90~9........................................ New. 100 1013 96 100j 95 106J Bath (Me.).... 6, 1891 1013 110 98 103. 89 98 90 98 90 957 90 94 86 91 99 104 100 102 98 102 100 110 1083 1092 106 109 105 108 103 110 Boston gold...... 6s, 1868 110 120 120 150' 120 140 115 140 125 130' 133 Paid in gold. 94 100 963 991 92 99 95 1013 1003 102' 99 1013 97 1013 97 1173 Boston gold.....5, long 108 127.2 110 12513 94 '120 93 102 100 105.1 105 1137 101 108........................................................ Boston curr'ey 6s, '74-'80, New,1864' 100 1053 991 105 99 103 100 1021 100 1033 100 102 100 102 94 103 *643 100 87. 103 993'103'i 100 1'043 9510.1 98i 110 Brooklyn (N. Y ) 6s, long, 108 1123 105 109 94 104 90 96 93 943 94 96 901 95 New. 90 95 86 92 90 92 93 98' 98 1011 91 98 98 105 Calais (Me.).....6s,1876 101 107 96 102 87 94 88 97 90 96 89 943 87 92.................... N'ew. 100 89 100 97 100 95 993 863 97 90 110 Chicago Sewerage, 7s, '80, 1073 120 1011 1121 923 1043 91 100 92 O 100 94 100 93 99 85 94 87 93 641 90 75 88 84 88 83 88 75 85 87 100 Chicago........ 6s, 1880 95 103 89 100' 81 92 80 90 81 89 83 88 84 88 93 64L go 81 92 ~~~~~~ ~~~~~~~ ~~80 90 8 1 89 83 88 84 8.}.......... 99 102 95 107 101 103 103 1042 100 105 983 105 1011 112 Hartford W. L... 6s, 1883 108 114 1061 110 99 107 933 99 984 99' 983 1003 921 991 79 89 80 87 62 80 60 75' 69 733 75 79 60 75 68'1r85 Louisville........ 6., 1887 85 91 87 96 80 88 81 87 75 85 80 85 78 83 100 103' 100 103 97 102, 100 103 102. 103' 1011 104j 981 1053 99 107 Portland (Me.)... 6s, 1877 102 108J 983 106 89? 100 92 99 90.1 973 93 97 94 97 4-8 8~~~~~~~~~~~~~~~~~~~~~~21 69- 803, 97 93 97 10 4 94 84 897t7 6" q 88,8 82} 90 78 823 693 83' 74 90- 85 89 80 97! 50 80 60 90 St.Loti,.8...... 81 8 81 8 92r For prices of other City Securities, see opposite page. * Ex-interest. I See Appendix for prices of 1870 in detail. t United States 6.*, due 1856, ranged from 1U2 to 104 in 1855; and 100 to 102, 1856. f U. S. 5* of 1871, 110 to 115 In 1870; and payment was anticipated In October, with gold at about 113. || U. S. 6s of 1862 did not keep pace with the premium o0 gold at first, some doubt prevailing as to their redemption i i coli. They matured Dec. 31, 1862, and were paid in gold worth 133. ~T Louisville 6s, Railroad Loan prevloui to 1862; since, Water Loan. a Massachusetts; quotations for 6s of 1876 after I800. e Indorsed bonds. I M li cg Q Q ". Ct 944 la 0 C* <^. ct; C3 M ft 3 I, Q Q ct C. q Y CS. CQ. <~a <?S RAILROAD BONDS AND CITY SECURITIES. Highest and Lowest Prices for fifteen years, -1855 to 1870. t I I WC2Kf:, 1CKO I -— r I o o o n b I ---- I e I - I 1000. i 1000. I 1 '. 01. i OO. Low. Higfh. Low. High.iLow. High. Low. High. I 1859. 1860. 1 1861. 1882. Low. High. Low. High. Low. High. Low. High. RAILROAD BONDS 1863. 1864. 1865 18 66. 1867. 1868. 3869.t __ Low. High. Low. High. Low. High.,Low. High.!Low. High. Low. High. Low. High. 80 90} 70 83 50 70 75 88 70 75 70'77 Z..Z.^.................... '"eNew. 75" 87 ' ' 85 78' 82 67 82 6 77 45 55............. New. 75 90 103 100 1041 83 100J.......... New,1857. 70 85 "81 92 85 "90 64 905 46 7' 55- 63 "50 70 15 33 81 171 7 151 40 70 31- 59 18 37 10( 393 8 18 2 10 3 19. 3 8 3 20} 60 20 35 1 30 6 2 293 5 13 1 61 68 95 50 63 59 68................................... )Ij I I i - - - I 58 80.-..... "75 80 73 78........;. 85 92 "81 94' 50 72 40 65 85 95 83 102 821 95 75 901 62 77 7 154 211 35 2t 7t 13j 24t 65 81...... I I I....... 78 82 80'90 80 97.......... 84 90' 93 97j 70 80 60 75 85 921 831 98 89 941 88 91 -56 721 4 10; 30 41 2 4 —.i..... 1:31 22 1 2 81 86 New. 78 93 85 90.......... 0..90 96 93 96 Paid........ 84 92.1 88 93 86 100 *88 993.................... 771 88 80 82, 961 103 97 101' 70 90 40 60' 53 741 30 56 83 97 85 100 86 102 90 104 490 99 90" 97. 91 100 98 100 62t 75 60 72t 4 73 3 51 37 50 1 28 381 2 32 1 3 16I 2 10 18 86 93;1 85 941 100 1031. 100 1061O I.......... Boston & Lowell....6s, 1879 90 100 Bost. Conc. & Mont'l, 7, 1870......... B. H. & Erie (old)...7s, 1884 94 101 Cambridge (Horse)..6s, 1883........ Cheshire............ 6, 1860 89 104 Cheshire........... 6s,'75-'80 92 121 Chic. Bur. & Quincy.8s, 1883.......... Cin. Sand. & Clev'nd, 6, 1900 82 1013 Conn. & Passumpsic,68, 1876 98 1101i Eastern.........6, 1874 49 60- (r. Junction lst m...6, 1870 29 65 [Ian. & St. Jos. L.G..7, 1881 90 115f.iMichigan Central.... 8, 1869 92 117 Michigan Central...88, 1882 15 59 N. Y.& Bos. 'Air Li.'6, 1873 911 111 New-YorkCentral...6s, 188: 100 104 Northern (N. H.).... 6s, 1874 61 95 Ogdensb'rg 1st mort. 7s, 1869 2 10 Ogdensburg 2d mort. 7s, 1861 32 45 Rutl. & Burl'n 1st m. 7s, 1863 1 4 Rutl. & Burl'n 2d m. 7s, 1863 1 1 lutl. & Burl'n 3d m. 7s, 186.3 12 27 'Vt. Central let mort. 7s, 1886 - 2iVt. Central 2d mort. 7s, 1831 89 101 I Vermont & Mass'tts. 6s, 188 10 10 ll We- testrn...........fi, 187. I 1071 112 100} 1081 941 105 954 1004 100 104 100 106 951 100 95 100 100 105 77 101 60 80 37X 60 100 109j1 100 101 89 100 Convert'd................... I. 101 i 1081 993 103''. 89'1 1i60 8 951 118 130 118 135' 109 11.5 1061 114 49 70 60 74 58 681 62' 763 99 106 99 1041 891 99 90 951 103 115 1001 109 90 105 92 98' 60 764 73" 851 85k 100......... 61 83 82 102 90 95 92 99 1131 12:3 119 133 110 115 106 111 116 1301 119 143 *106 120 *1063 113 40 664 45 79 -27~ 611 264 45 105 120 104 1234 90 1052 91 96f 103 104 1001 103 98 1003 97 99 91 107 96 108 91 981 91 1013 10 36 22 41: 18 40 361 771 45 754 604 78 56 731 67 1251 4 20 18 41 1:1} 27- 224 61 8 4 11 1 8 1 3 2 851 771- 95 68 82 79 121 3 27 171 37 161 273 23 421 100 106i 1o00 1041 88 101- 9 8 1 1(i11 11' I lo it 1/1.l 1 a 1 1 aI 96 100 97 100 97 99 99 102 381 6.5 59 83 into st'k........... 94 99 98} 100 60 84 oooo. -... 90 95 110 112 743 771 90 961 94 97 90 100 103 110 107 1131 34 55 -90 97 99 100 97 1004 50 75 120 150 331 60 4 3 5f1 76 2.5 41 90 98 n - 1 A. 1 0........ 90 96 108 114 741 77 90 961 94 971 95. 110 107l 116 109: 119 50 70 90 98 100 101 983 1004 583 711 1381 162, 43 71' 62 81 2.0, 424 90o 95o a7tr\al 89} 93 107 1124 721 75 88} 93 94 964 *1004 109 110 133 112 133 40 70 *85 96 100 101 100 Paid. 631 701 1301 160... 60 ' 6 76f 851 35 42~ 88. 921 oN -o CITY SECURITIES. r1865. 1866. 1867. 1863. 1860.4 AILRo AD BONDS. 1863. 1864. 1865. I 1860. 1867. 1868. 1869. Low. Hlgh. Low. High.,Low. High. Low. High. Low. lHigh. Low. high. Low. ].igh. Low. High. Low. High. Low. High.!Low. High. Low. High. Albany (Munic'l), N.Y. 6s, long 95 102 95 99 941 97 95 98 911 95Bost. Cone. & Mont'l, 6, 1889!......I 91 971 911913, 9 26 9- 4 88 92 Albany (. R.),N Y....6.,lng.......... 93 97 93 96 93 96,3 90 94B. H. & Erie (new).7, 900 ew. 4.....3 6 40 67 Auuta(Municl). Me..6, 187......... New,1867. 90 94 91 95 88 94 B. I. & Erie (scrip).7, 172.... New. 3 511 35 55 Bath (Municipal), Me...6, 188.................... New,1868. 90 94 88 95 Burl. Mo. L (r.7, 1. New. 85 96 81 91 Cambridge............. 6s,long.......... 95 99 I 97L 99..98 100 98 7 03 / 85 Ca~mbridge.......... 6s, logl.. 95 899 977- 991 98 100 8 100 -cd. Rap. &Mo. Riv. 7s. 116:.......... Of 100 C7!New. 87 93 85 931 Cambridge............5s, 1882 80 85 80 85 8 5 904 851 90 Centr'l Pacifie /ol, 68.'96'-)9| New.... 95.5 102 90 1017 C(harletown....., 18,74.. 195 100 97 100 98 100 97 100 Centr'l Pacific 1old, 7 7'83!..::. 100 100 114 *00 109 Charlestown..........5s, 1877..... 80 86 85. 90 85 90 Cmi. Sand. & Clcv'nd, 7, 18301 Ne. 70 75 709 76 Chicago Water Loan...7s long 924 1041 91 100 941 1001 94L 993 93 98'1Ct. & Passum'ic Riv. 7o, 1876.0 New 1866" 1 '1 102o OO 10' o 1 o 101 99 1oo, Chicago River Imp't, 7s, '90-94.......... 99 91 9 991, 95 991 Ea 'tern................ New185 0 100 101 99 92' )a Nw.. * ' 7 - -I, ' ~ t-o l o7 Cincinnati.......7-30, 8.-99.............................. 102 1034 101, 104 ex(ER. ar.) 6, 187 9 99 92100 8 4 9 Cook County,Ill..... '8-'90.......... 90t 981 91 97 94 99 914 97 Lynn & Bo.(orsc), 6, 1880 92 100 95- 100 9 95 76 91 78 83 80 85 80 85 Lynn................6, 16887..I....... New. 97 100 981 100 98 100 Og'g. & Lake Ch'i, 8a, 1878.......... New,1868. 100 10 100 102 Lynn.......n..... 5.s, 1882 t90 95 84 92 85 89 83 89 83 88IOldColy Newp't,6,75-76............... New 100 971 981! 93 97 93 98 92 9610 New York.............6s, 18871 98 106 95 100 100 101 101 101 97 100-1Col'y&Newp't, 7, 1877New,1867100 103 1 103 1001 103 New York.........., long, 88 96 84 90 87 88 88 90 85 83 Stanstead&Cham'ly7 137........ ew1867 65 68 68 80 75 82 '.......................Ncw'1867.1 65 68 68 801 7 82 Portland Build'g Loan, 68, 1887.................. New. 921 100 94 99 Summit Branch....6, 1870. 85 90 88. 90 93 Portland Railr'd Loan 6, 1887.......... New. 0 953 90 93 Summit Branch.....6s 13.75...8.. 7............. 0 78 8 85 Do. Water Co. (not city) 68, 1888.......... Ne. 99 1 93 10 I Phla. Wilm. & Bait. 6*, 1S76 1........... 1............... 9 95 95 96 9 85 Saint Lmouis outy.....7, 1885.. 9.5 97 95" 96j 911 954South Shore.........6. 1S.30 9161102' 9706L 959'8990 8 96 0 9 97 0 94 90 94 Salem Water Loan..... 6*, long..........:........... New. 99 98 100 Union Pacific old, 68,00 New 88 980 102. Salem Municipal...... 5s, long 88 921i 84 89 85 90 88 901 87 90 Vt. C & Vt & Ca. 8*. '7577.. Nw 100 104 96 103 10 103 103 -- x-Inwrest. T Lynn as sold at u102 in 1863. T For prices of the year 1870 in detail, and of Bonds not quoted above, see Appendix. Ce C^n MISCELLANEOUS, GAS-LIGHT, AND COPPER-MINING COMPANIES. Highest and Lowest Prices for fifteen years, - 1855 to 1870. 1855. 1856b 1857. 1858. 1859. 1860. 1861. 1862. MISCELLANEOUS 1863. 1864. 1865. 1866. 1867. 1o8. i69 t Low. High Low. High. Low. High. Low. High. Low. gHigh. Low. igh. Low. High.Lo. igh. COMPANIES. Par.Lo. High. Low. Hih. Low. h. Low. ih. Low. High. Low. High. Low. igh. $60 96 60 69~1 66 76 55. 71 58 67T 52L 68 50 631 4-5 56 Boston Athenzeum... 300 55 100 70 110 99 165 90 151J 100 142 118 130J 123 130 510 6321 480 510 480 490 485 507;.[ 500 515 4871 5371 500 b15 ' 505 550 Boston Exchange.... 500 600 64711 605 635 580 650 600 650 640 663 625 645 635 700 70 1105' 80 1000 800 1055 855 900 795 855 800-1000 1000 1075 1015 1068 Boston Sugar Rlefin'y, 100011000 1208 *805 1500 795 975 805 980 775 830 830 900 895 1002 510 600 430 515 360 455 20 ~460 375 455 385 410 310 400 337 420 Boston Theatre..... 500 415 508 450 800 700 815 775 10C0 7.50 1000 530 750 530 650 $15 70 9 16 6 9 6 106 104 18 15k 354 22:33J 2-4 43i Boston Water Power,.... 32 53 25 51 26 48 17 53 154 33.' 13k 23' 133 183 ~fc~2 60 68 50" 60 58 63: 671i;! 774 514 72 48 65' 471 75 Boston Wharf........100 70 100 89 101 80 92 *81 100 100 129- 12() 225 225 350 $48 56, 27 32 27 30 30 374 314 45 37 574 30 '25 29 45 Bost. & Rox. Mill C'n.... $40o 60 42 54 381 474 40 48 401 424 37? 414 3i 35 $5 84 44 64 3 6 3. 94, 4j 7 4 64 3} 54 31 6 Cary Improvement... 5 5 144 91 13| 9 25 7 18| 61 11.! 7 12 '6 8 **i* 75.......... 79 7 76 7 90 80 86 Douglas Axe......... 100 86 125 1134 131" 108] 125 106 120 112' 125-' 118 125 *115 125 13 214 18 35 18 30 15 18 17 271 16 20I 14 18. 14 251 East Boston Ferry... 100 16 28' 26 84 444 80 30 70 40 68 30 48 No sales. $114 15.1 12 144 9 131 94 13' 1014 141 10 14 '74 114 74 12- East Boston Land... 11 19 1 14 10 144 84 154 10 14 10 12 10 14 6:5 8s 44 68 10 49 21 48] 40 53 30 71 46 66 5s 904 Essex Land.......... 11100 85 107I 90 1094j 92 99 914 107 4 102 110 108 1304 1131 141 36 40 35 40 354 40 30 40 27 30 29 38 20 28' 21 25 2. 1 27 0 31 42 33 38 35 40 49 40 82 75 83 lO 175 125 150 107 140 5 132 132 1503 150;5 170 210o 155 220 Saco Water Power... 335 180 270 150 207 150 165 140 200 100 209 Closed........ $24............I..................51 1*70r" Union Steamship.....100 145 2174 130 166- 87 145 *42 96 Closed. See notes. $2~4 14 24 1 2 1 2 14 1 1 2 Waverley Lad 5 43 1 3 1 5 2 63 1 24 141I 1 21 GAS-LIGHT CO3IP'S. 600 650 *640 668 *633 665 650 703 695 713 685 750 690 718 705 8721 Ioston. 500 775 987' 705 895 735 810 735 770 740 787.1 755 821 '785 825......... 794L 89 70 c9 93 100! *102 120 110 120 1/4 1224 108 116Cambridge.......... 100 101 1264 96 110 95 100 944 100 *6 120 1144 lO 130 141........ 75 85 6 80 80 90 90 100 97 102 982 108 94 102 C(helsea.............. 100 95 1071 93 99 861 990 88 '96 92,1 100 97 104 100 106..................30 70 37 50 414 7031, 70,4 85 85 95/ 78} 856 Dorchester........... 100 634 84 45 77 504 734 6 0 70 60 75 144 16 15 2V 25 27- 2.5 29 2.5 29.! 2 2-3 East Boston 2 $27 29 2 31 25 23 26 30 *25 29 26. 30' *28 30 20 27, 20 26 10 285 25 75[ 75 82 70 85 50 73 Malden & Melroseo.... 100 67I 81) 6.5 70 50 73.1 55 60 591 674 64 691. 64 75 80 814; 81 85 8.5 94 94 1004 97 101 98 102 *98 1031 97 102 South Boston........100100104 99 105 99 101 9 103 99 102 100 10 103 1184 COPPER-MINING PAID IN COMPANIES. 1861 1871........................................................ 8 104 Albany & Bost.,. 42.Ou 8 164 10 334 17 27 4 19 4 8 24 4 1 24.......... Calumet....... 1.....I10.New.... 1 1 75/ 15 75/ 25 58 50 65 5 5.. 2 514 64 5 ' 6 11'i '3.64 6' 2SICentral......... [5.00 5.00 '28 0' 54 74: 40 55 40 51 20 40 20 30 20 33 t!4 45 1 7V 3 14 24 10 7, 184 7 14 2 8 4 84l Copper Falls... 22.502.o 7 33 24 57 14 314 244 701 18 75 12 24 3 174.......... 43 1 2 1 2 1 2 2 1'lintSteel Rv., 4.00'12.00 1 10 94 17 6 10 3 6 1 3 41 *. Neqw. *4, 9,43 91 31 16 33 10 21.1 173 435 Franklin....... 6.501600 4 60 61 32 548 394| 61 16 8 24............................ New,1859. 4 64 14 8 4 3 7,3 Hancock....... 3.50125 00 6 16.4 7j 164 5. 15. 8 37 3 12. 2 64 1 6.........e....c.2..5..cda.........25.00...ew............. New, 5 75 15 50 26 88 70 86 2 3n 1 32 - 3' 2 3 5 6 1 6 61 10 Huron....... 5.00 25. 00 8o 41 24 563 36 45 32 65Failed 7 1 4441 1 0 4' 74 34 9 24 171 54 12' 10' 20 Isle Rtoyalo.... 16.10i45.50 17 37 15 30 7 18 17 15. 13...........0 -ew,1859 4 94 1 2 7 4' 1 154 Mesnard....... 2.508.00 8 154 64 144 1 64 1 3 i i. *t30 20~0 42 103 75 179 92 154 62 100 60 9 50 73 53 75 innesota.....3.3021.80 62. 114 20 88 7 27 7 19 2 12 2 4 3 9 23 0 42 20 50 38 6.5 t3 94 28 424 22 33 24 3 National...... 50 550 20 34 25 35 194 28 10 2' 3 10 3 7 3 8.................... Ncw,1858. 7 12 4 14 / 1 5 1 54 4.1 lIkorthCliff... 2501 5.50 1 8.1 4 9 4 1 2 1.....................................New,1860. 2 4 1 2 1 3 Petherick...... 1.501 3.50 24 50 161 2 5 11 9 4 1......~ 5. 3} 71 2 26 24 60 30 55 184 40 234 49 Pewabic..... 3.75 925 45 70 48 72 32 56 / 26 46 1 4 14 1 4 1 4 3 5 2 4 2 3 2 3 Pheix........0038.00 32918 35 11 21 614 1 6 210 1 115 182 180 275' 170 286 85 35 *56 100 40 69 40 55 42 6 Pittsbur g(Cliff) 5.55 5.55 67 100 0 108' 48 90 *44 60 15 46 121 27 5 237.312 48 i........3.6.1.3...14 4.ec 18 O25 00 1 5 1 3 1 2 12....... every 3 shares made 20 t5 14 2 2 0 in 1858. Quincy 8 shares made 20 in 1857. 61~ Boston Theatre,7 112 4new s100tock in 1858; the original capital(par000was all sunk. Essex o. returned 20 per cent of capital, April, 1859, and reduced par from 100 to 80. For prices of 1870, in detail see ppendix 51 13 35 20 56,- 1 0 47- 12 30 17 293 12 0~/ 11[ 19e/Rocklan d..... 5.00116.75 15" 30 6 191 21 121 2 Ill 1 51 2.2..............................Ne,1859 1 3 1 31 2 South Side..... 1.0014.50 1 81, 1H 51 I 3, I 32/ 10/ 14 3 10 1 44 / 2 I 5 Superior 4.00111.25 5 13]t 17i 2 5 4 I 1 25 AQ- For prices of other i3fiscellaneois and 3lining shares, see next page but one * Ex-dividend. t opper Falls, shares doubled in 1855; and Xational in 1859. Afinnesota,~ every 3 shares made 20 in 1833; and Pittsbutrg, 6 shares made 20 in 1858. Quincy, 8 shares made 20 in 1857. t Boston Theatre, saew stock in 1855; the original capitl 8(par 1000n) was all sunk. I] Essex Co. returned 20 per cent of capital, April, 1859, and reduced par from 100 to 80.: For prices of 1870, in detail, see Appendix. CD I te Co a Co Z. Co Q4 MISCELLANEOUS, GAS-LIGHT, AND COPPER-MINING DIVIDENDS,-1856 TO 1871. Capital 1856. 1857 1858. 1859. 1860. Dividends MISCELLANEOUS 186 1862. 1863. 1861 1865. 1866. 1867. 1868. 1869. 1870. ~~~~~~1871. 11860. Pybe 1871. Payable. COMPANIES. Par.:s 1,250,000............................................. Quartly. Amer. Shoe Tip. 25........................................ 2- — 2 - 2-2-2-2 2j-2-2-2j 2j-2 2 -2j-2 325.000 3 31 111-2-1 2-1-2-1 11-l-0-2 2-2-2-2 tquart'ly. Boston Exchange, 500 2-2-1-0 11-1-lJ- 1-2-2-2 22 2"-2-2-2 2-2-2-2 2-21-2-2 3-3-21-2' -2-2 2-2-2 2, 2~ 2 2- -- It u r'yIE 1hneI50 20 — - - - 2'-2 2 750.00. 45 6 0 j 0 0 00 0 May,Nov. Bost. Sugar Rtef'y, 1000 0 0 55 5 5e 4 10 55 55 55 84 08 51,500 sh..................................... $5 See notes. Bost. Water Pow$5..............5.. 600,000........p.cBot.... 0 0.0. w.. o.0 00 00 30 24 33 33 44 44 7,0o h... $4 02 22 57 68 Jan. July Bost. & ox. Mill.... $1 3 12 100 53 00 00 00 22 03 27 6 )00 sh.. 50c.................... See notes. Cary Im provem't, 5............... 50c 50..................................... 60c........... 13,60................................... 3 Jan. A July Collateral Loan..100 4 3 3 2 3 2 3 3 4 4 4 4 31 4 4 4 0 0 0 4 14,000 44 43 00 04 4 4Jan. JulyContoocookMfg.. 4000 0 0 0 00 00 010 44 55 55 54 44 400,00) 35 44 00 35 4 6 Jan. July Douglas Axe..... 100 43 33 48 510 55 510 68 55 55 56 8j0,000.. 0 0..0.. 0 0My,tNov. Essex Land...... *80$6. 6. 6.. 6. 6. 7. 84 4*4 $4e $4 4 $4 50,000............................................ Feb. Aug. Gilberton Coal 100.................. New. 10 6 3 4 5 2 0 3 3 0 5 4 7 3 1,))0,00...................tAprOct. GoodylrDen.Vul 100.o............................ New. 3-3-3 3 3 4 4 332,2 JO............................................ Jan. July International Tela. 100..................................... New... 3 3 3 3 4 50,0 0............................................ Jan. July Merrimack Chem 100.................................... New. 5 5 5 5 5 5 8 5 0 0 50,000 Sh.............................................. fQuart'ly. McKay Sew. Mac. 30................................. New. $2.16 $11 $,-1-1-1 -1-1 - 2-2-11-11 1-2-1-1-2 200,000............... tQuart'ly. Mt. Pleasant Coal, 50................. $1 --- 1-1 2 1- 2-1 4 2I 5-1 2 2 0 00 52,000 6.. 3.. 0.. 0 0 Apr. Oct. Ports'hSt'mMills, 50 3 0 0 4 6 6 6.. Failed.......... 2)0000.............tQ.... uartlly. Roar'g Br'k Coal, 50 5...... New. 4 s ---s 4 2-1214-2. 21-21-21 21 0 0 0 12.5.000......................... 8 0 10 4 May,Nov. Russell Mills.... 100 0 4 3 5 3 0 4 6 3 6 6 5 6 4 4 5 3 4 3 3 2,00 0 sh...$15.. 10.. 10.. 121.. 20 August. SacoW at.Power 335.. $20.. 0.. 20.. 15.. 0.. 25.................................. 830,003.........0.................................... Sec notes. Short Moun. Coal, Nw50...N New. 6 6 30 40 0 0 0 0 5 0 5 0 430,000.................... Jan. July Suffolk Coal. 100.................. New... 6 3 3 3 3 3 3 3 3 3 3 31 0 20,000 22 23 4313 20Jan. July U. States Hotel..100 3 3 33 32 20 20 03 33 44 20 33 GAS-LIGHT Co's. 1,250,003 2J-21-21-21 +2-21-2-2j 2J-212j-2f 21-2J-2^-2i 21-21-2-2i fQuart'ly. Boston........... 500 -— 2 —2-2 —21-2-2 -2j 2j-2-2i-2 l!2!-2j-2j-2l 2j-2lj —2 2-2i-2j -2 -2.1-21-2i 2i-2j-2-2 4,000................................... Jan. July Beverly.......... 100....I........New, '60 $1 11 11 1 2 100,000.......................... 4 3 31 3 Feb.Aug Brookline........ 100 3 4 4 4 3.14 4 4 4 4 4 4 4 0 4 4 4 4 4 4 350,000 44 44 44 4e4 5 5Feb. Aug. Cambridge....... 100 55 44 3 3 33 33 33 44 45 55 5 5e 200,000..3 33 33 3 3. 3L25s Jan. July Chelsea..........10044 31 33 33 30 33 33 33 33 44 5J,000.O........Dedham.................. 3 4 5 6 4 4 4 4 4 4 4 4 4 173,,0J 30 22 23 44 44Jan.JulyEastBoston..... 25 4e 344.4 31 4 44 44 44 44 44 62,30.................................... Jan: July Gloucester....... 50.................. 3 3 3 0 0 3 3 4 4 4 4 4 4 4 4 10960 30 30 03 4 4 Jan. July Jamaica Plain.... 10 44 44 4 3l 30 04 44 44 44 44 44 2)OOOO 3 10s 4 10,s 0 0 44 4 4Feb. Aug. Lawrence........ 100 4 4 44 44 4 4e 4c 5 5e 4 55 55 5 10 5 10 3JJ.0 5 5 5 5 5 5 5 5 5 Jan. July Lowell........... 100 5 5 5 5 5 5 5 5 5 5 5 5 5 5 55 5 5 5 5 70,600 5 10 05 5-5-4 5 5 5-5-5 Jan.fJuly Lynn....... 100 5-0-3 04 44 44 00 10 4 44 45 55 55.80,00......................... 3 3 0 3Feb. Aug. adn &Melrose,100 30 30 32 22 2 21 00 33 33 30 03 80,000.....10 6.. 5.. 6.. april.NewBedford....1000 0 10.. 8. 8.. 8. 8.. 8.. 8.. 378,000 6.. 4.. 2.-2-2j-2. 2j-2-2j- -2j-2.1-2 fQuart'ly. Roxbury......... 100 1 -2 2-21-21-21 2j-21-2 2-2-2-2 -2-2-2i 2-2-2 -2 - 2-2-2i- 2-222 221-2- 2 1-2.22 225,000 3 31 4 4 44 44 3,1 3 Feb. Aug. South Boston.....100 31 31 33 33 33 31 3 44 44 44 44 44 SHARES. COPPER-MINING. 20,000................. 1-................ Aug.Nov. Calumet........................................... $5 5 20,00)........................... tAnnual. Central...............................2: 2 2. 2 3 4 20,000............... June, 1864 CopperFalls.................................. $3 0.0 0 0 0 0 0 0 0 0 0 20,000...........................................Feb A ug Franklin.............................. $3 0 5 3 0 0 0 0 0 0 0 0 0 0 0 20,000............................................................................................................. $ 5 5-5-3 200,000 2 2 / 2 3 / 4 3~I 3 3, 2 Ja7.JuartlylU. atliesota..$3....3. 2.0,000 $5 $5 7. 7., 69 504 0 6$Jan.tJulyMinnesota....... 0$' 3 5 3 5 3 0 00 0 0 0 0 00 00 0 0 20.000.................................'Feb. Au2 20 00 00 O 00 20,000........................................... Aug. Pewabic.................... $3 2 4 3 7 0 0 0 0 0 0 0 0 0 0 0 0 20,000$10$21 15 4 0 Feb. Aug. Pittsburg&Bost.....$2 $2 22 45 8 8 5 5 33 30 0 0 0 0 00 _2),o0oo.......................... Feb. Aug. Quincy........... $3 4 6 6 8 8 0 0 0 0 0 3 0 2 0 6 0 * Essex Co., par $100 previous to 1869; dividends, "dollars per share." t See notes for details of dividend payments. t Dividends previous to Aug., 1858, were paid on 6,000 shares. co* ft ct a C-4 It 0 Q 00 To C. f* Q Is CM CoI ^, I 98 Miscellaneous and Copper-Mining Companies. MISCELLANEOUS AND COPPER-MINING COMPANIES., Highest and Lowest Prices for eight years,-1862 to 1870. MISCELLANEOUS 1862. 1883. 1864. 1865. 1866. 1867. 1868. 1869.t COMPANIES. Par. Low. High. Low. High. Low. High. Low. High. Low. High. L. H owgh. HLo. High. Low. High. Am. Molded Collar... 100.....................................80125 25 6 10 35 Am:............ 80 125 25 96 102 Am. Shoe Tip........ 25......................... 15j 221 1 10 14 91 11l 9 11 Boston Sre.... 50.. ew,'66.1 50 651 33 651 4 35 5} 38J Collateral Loan Co.t.. 100 80 91,3 80 87 85 1041 942 1021 98 102 961 104 95 106 i 90 100 Hingham Steamboat.. 250 300 450 275 450 250 275 240 275 275 303 237 276 200 240 175 200 McKay Sewing Mach., 10..................................354 40 33 40 38 63 Short Mountain Coal.. 50.. New, 1864. 35 514 18 45 114 314 6 15 8 1941 10t 18 IPAID IN COPPER-MINING. 1862. 1871 Acton........... 56.oo.. 4 7 34 7 14 41 2i Closed......................... Allouez......... 1.50 6.00................ 3 6 1} 3 2' i2 2 7 "1 7 Algomah........ 2 00 3.25......:::... 4 1 3 2 145 5 4 Bay State....... 1.7519.75....... 1m 17 25, 7 21 7 20 2 12f 1 3 1 2 Bohemian................. 3 6 5 10 5 9 2 5 1 2.. 1 Boston.......... 100 2.50................ 2. 7 14 4~ 15- 81 4 a 4 1 a Canada..:... 1.00 1.00 New. I 3 1 1 7c 75c 8c 10c lOc Columbian 2............ 2 3 21 9 7L 13 3 91 3......... Concord.........1 00 6.00..New, 1864. 3J 3} 1 5 3 7 34 311 3 31 Dana.......... 2.25 340........ 7 1 54 1 5 21 t | 20c 50c Dudley........ 025 1.10........3 5 54 3 ' 1 20c 32 Eagle Iiver.....5 2.00 14 1l 4 64: 4 4 Great Western.................... 3 5j 1' 6 2 J 1 A Hanover........ 0 501 1 65a......... I 5 1 5 3 32 5 2' 20c 30c Highland...... 1.00. 1.00......... 5 7' 5 10 2 6 2 4 2 Humboldt...... 2.00 5.00......... 6 71 5 1212 9 2 7 2, 2 80c 1 Hungarian...... 1.00 1.00................. 2 4 4 2 3 | 2 j 1 Madison......... 5.00 6.00......... 31 71 21 6 1 3 1 44 24 1 4 4 Manhattan...... 250 5.50......... 3 7~ 4 11 1 1 6 3 30c 60c Native............... 2.00......... 5 5 l 31 3 i 1 Naumkeag...... 1.00 1.00......... 8 3 5 1 3 1 341 14 1.. 1 NewEngland........ 2.60......... 21 4 3 4 A 14 1. North Western............5 14 5 15 2 5 2.' 5 1 2 1 Saint Clair...... 3001 7.50.................. 12 2 7 10 61 3 14 Saint Mary's.... 2.50, 5.50 New,'63. 6 121 4 101 1 4 1 1 2 4 0 South Pewabic.......24.00...................New. 6 6 10 10 15 1 221 5 Star5.2513.2....2........ 8 51 12 1 7 1 3 A 1 A Tremont........ 1.10 1.10.........3 6 21 5 1 2 1 25c 80c Watahington................. 2" 4 2 3,. j West Minnesota.....! 250......... 1 3 2 3 i Winthrop....... 2 504 50 4 21 2 8 8 2 1 2 14 4 I A t Formerly Pawners' Bank, and sold in 1861 at 75 to 102. t See Appendix for prices of 1870. LAKE SUPERIOR MINING-COMPANIES.- Dividends.-Although, in 1870, the stocks representing these companies had little market-value, with a very few exceptions, the past record of dividends by the successful companies would have been considered marvellous in any other branch of industry, in their relative proportion to the total cost to original holders. Central................ $390,000, or $194 per share, at a cost of $5.00 per share assessed. Franklin.............. 220,000, or 11 per share, at a cost of 8.50 per share assessed. Minnesota......... 1,760,000, or 88 per share, at a cost of 3.30 per share assessed. National............... 280,000, or 14 per share, at a cost of 5.50 per share assessed. Pewabic............... 380,000, or 19 per share, at a cost of 3.75 per share assessed. Pittsburg 4f Boston....2,280,000, or 114 per share, at a cost of 5.55 per share assessed. Quincy................ 920,000, or 46 per share, at a cost of 10.00 per share assessed. In the above statement, we have given the cost-per share as it stood when dividends ceased on companies not now paying. The Copper Falls paid one dividend only of $3 per share in 1864. The fHecla and Calumet, scarcely five years old, commenced dividends in 1869 and 1870. The former has already made four quarterly payments of $5 each, or $20 per share; and the latter, two of $5 each. These two mines now promise a profit, which, if continued, will rival even the "Minnesota" and "Pittsburg" in their palmiest days. The aggrigate of the above dividends is $6,890,000,- a sum nearly two-thirds of all the assessments ever levied upon the host of companies organized in the Lake Superior mining-region. But, as a whole, copper-mining there has been far from a success; the few being very profitable, and the greater number entire failures. In the early days of the "Minnesota" and "Pittsburg," it was with the greatest difficulty that assessments were collected, stock being sold for non-payment in some instances; the owners not even dreaming of the great future value of their property. So of the " Calumet" and "Hecla." The former was set off as a dividend from the Hurlbert Land Co., and for some time it had a merely nominal value of less than one dollar per share. After the accidental discovery of the " Calumet Vein," and Its property became highly valuable, a portion of the territory was set off to its stockholders at $5 per share, and called the "Hecla." The market-value of these two mines now is fully $5,000,000 against $800,000 assessed. DIVIDENDS on the "Pittsburg" Copper-Mining Company were so many dollars per share on 6,000 shares previous to Aug.,.1858; since, on 20,000 shares. In addition to cash dividends, the "North Cliff" mine was set off, share for share, In Oct., 1858, and endowed with $50,000 from the parent mine. This stock afterwards sold as high as $14 per share. The "Minnesota" paid on 3,000 shares in 1854 and 1855; since, on 20,000 shares. In addition. stockholders received dividends, share for share, in the Flint Steel River, Rockland, and Superior mines; and the combined marke.t-value per share of these three companies has been as high as $90, and only small assessments had thei been levied. The "Minnesota" sold in 1857 for $179 per share of 20,000 shares, or $3,580,000. Since then, $18.50 per share has been assessed, and the stock is valueless. Notes on the Boston Stock Market. 99 NOTES TO MISCELLANEOUS COMPANIES. American Molded Collar. -Paid monthly dividends of $1 per sh., Dec. 31, 1864, to Aug. 31, 1865, inclusive; then 4 pr. ct. monthly to June 30, 1866; 9 pr. ct. Oct. 10th, and six quarterly dividends of 6 pr. ct. to April 20, 1868. Passed to July, 1870, $2, and Dec. 31, $4, making a total of exactly $100 per share. American Shoe Tip. - Dividends quarterly Jan., &c., and all 21 pr. ct. since 1865, except 2 April, 1868. Paid 2 pr. ct. extra Feb., 1870, and 2 pr. ct. Dec. 15. American Watch Factory.- Established in 1854, at Waltham. Not proving a pecuniary success, it passed into the hands of the present company in 1858. Its prosperity dates from the outbreak of the Rebellion, when soldiers' watches were in great demand; and its stock, of $100 par value, rose as high as $400. Its capital, then $300,000, has been increased, from time to time, to $1,250,000, and the stock seldom finds its way to the public market. Its value the last five years has ranged from 131 to 175 per cent, and in Dec., 1870, was about 185 offered to 200 asked. 750 hands are employed, about one-third being females. Number of watches made per day, 225. Whole number made, about 600,000. This enterprise, a credit to American industry, has achieved a world-wide reputation. Boston Exchanqe.- Since 1856, payments quarterly, Jan., &c. Boston Sugar Refinery. -Paid 50 pr. ct. extra in stock, Nov., 1864, increasing capital from $500,000 to $750,000. Boston Theatre. - The old stock (par 1,000) was all sunk, and a new company organized on its debts. The quotation of 450 in 1858 was for new stock, par 500. Boston Water-Power. - In 1856, 25,000 shares were issued, at $10, making 40,000 shares; and in 1866, 25,000 shares more, at $20, or 65,000 in all. Since reduced to 51,500, by cancelling shares received in part payment for land sold. Collateral Loan. - Formerly the "Pawners' Bank." East-Boston Land. -Paid $2 per share cash, April, 1870, the only dividend since 1854, - then $10 per share in land. $2 per share was assessed, June 1, 1866. Essex Land and Water-Power-Original capital, $1,500,000; reduced to $1,084,200, by cancelling 4,158 shares in 1858, and to 1,000,000 in 1861 by cancelling 842 shares. Returned 20 pr. ct. of capital, April, 1869, reducing par from 100 to 80, and capital $1,000,000 to $800,000. Gilberton Coal. -First dividend, Aug., 1864, then Dec. and Jan. and April, 1865; since, Feb. and Aug. Goodyear Dental Vulcanite. -Dividends in 1868, Jan., April, July; since, April and Oct. Mc Kay Sewinq-Machine. - First dividend, Aug., 1866; then Oct., and since quarterly, Jan., &c. Also four scrip dividends, amounting to $81,786. Mount Pleasant Coal. - Dividends in 1864, paid Aug., Sept., Oct., Dec.; 1865, March, June, Nov., Dec.; 1866, April, July, Oct.; 1867, July, Oct.; 1868, Jan., April, Sept.; 1869, Jan., and none since. Music Hall. - Paid its first dividend of 6 pr. ct., July, 1870. Roaring-Brook Coal. - Dividends pr. ct. In 1865, paid Nov.; 1866, Jan., April, July, Oct.; 1867, Jan., June, July, Oct.; 1868, Jan., April, Sept.; 1869, Jan., and none since. Saco Water-Power. - Paid $100 per share of capital, July 1, 1867, and afterwards merged into the Saco Water-Power Machine-Shop. Short Mountain Coal. - Set off from the Franklin Coal Co., at $35 per share, April, 1864. First dividend in Sept. of that year; then Dec. and March following, and Jan., 1866, 1869, 1870. GAS-LIGHT COMPANIES. The following companies are omitted from the dividend tables, the treasurers having declined to furnish the required information: Charlestown Gas-Light, Dorchester, Fall River, Fitchburg, Newburyport, Newton & Watertown, Salem, Springfield, Taunton, and Worcester. Boston. - The first company organized in Boston for the manufacture of gas was the "City Gas Co.," a joint-stock concern, formed Aug. 15, 1822, and located on Sheafe Lane, now Avery Street. This was the second company in the United States. The first was in Baltimore, 1816. In 1823, the "Boston Gas-Light Company" was incorporated. Both these companies failed, the stockholders of the latter receiving $3.30 each, in 1824, as the proceeds of the property sold at auction I 100 Notes on the Boston Stock Market. In 1826, the present works were commenced, by parties who had purchased the charter and property of the old concern; and in 1835 the company was established on a fitrm basis, with a capital of $75,000. Increased $175,000 in 1836, and $250,000 in 1837. In 1852, increased from $500,000 to 800,000; May, 1858, $800,000 to 1,000,000; Oct., 1864, $1,000,000 to 1,250,000. From 1826 to 1835, the property was in the hands of a few individuals, and no dividends made. Since then, it has been a regular ten per cent stock, the dividends being usually paid March and Sept., until Dec., 1851, when quarterly payments (24 per ct.) commenced, and since continued regularly. Beverl. — 'lhe second dividend in 1868 was paid in April. Brookline. - The dividend for Feb., 1868, was not paid until Aug., two of 4 per ct. at that date. Cabridge. - First dividend of interest, Feb., 1854; then 3 per ct. Aug., and 4 +-4 in 1865; since, in tables. Extras 5 per ct., April, 1859, and 5, Oct., 1870. Chelsea. - First dividend, July, 1856. Paid 25 per ct. stock and no cash, July, 1860. Inc. cap. in 1870, from $150,000 to 200,000, at par. East Boston. -Incorporated in 1853. First dividend, 5 per ct., Jan. 25, 1855, and not included in the tables. Paid 8 per ct. extra in stock, April, 1861. Jamaica Plain. -First dividend paid, April, 1856; since, Jan. and July. Extra, 10 per ct., Feb., 1861. Lawrence.- Extra dividends were paid in 1864, Aug., 4 per ct.; 1865, Feb., 4 per ct.; 1866, April, 15 per ct. Lynn. - New, 1853. First dividend paid May, 1855, and second, June, 1856, both given in tables as for 1856. The dividend for 1857 was paid in April; since, Jan., July. Extras, 1858, April, 6 per ct.; 1860, April, 5 per ct.; 1861, Sept., 3 per ct.; and all included in table. Has a surplus of 15 per ct. Malden and Melrose.- The dividend in 1869 was paid April 26. Roxbur.. -Dividends quarterly, Jan., &c., since 1857. Paid 16~ per ct. extra, July, 1861, and some others, probably in stock, not given. South Boston.- Dividends previous to those given in the table: 1853, July, 3 per ct.; 1854, Feb., 3, Aug., 3; 1855, Feb., 3, Oct., 3 per ct. MINING COMPANIES. [See notes on Lake Superior Mining Companies, pages 92, 98.] Hecla. - First dividend, Dec., 1869; then April, Aug., Nov., 1870, and a fifth, of $5 per share, Jan., 1871. Minnesota. -Dividends, May and Nov., previous to 1861. Since this Co. stopped dividends, in 1864, $18.50 per share has been assessed without favorable results. Pittsburg 4 Boston (Cliff). - The dividends previous to Aug., 1858, were on 6,000 shares. This Co. paid dividends for very nearly twenty years ($2,280,000 in all), and then became of little value. i ii II I APPENDIX. STOCK FLUCTTTITUTIO NS. JANUARY, 1870, TO JANUARY, 1871, BOSTON NATIO NAIL BA.NKS. Bank Surplus, 1869. Highest and Lowest. 1201 131 112* 125 127} 153 ij5*iii4 621 70 1421 157 116 125 104f 115 115 1251 1151 128 110 117 112 121 109 1174 1064 113 160 1561 128 133 164 172 126 152 122 135 118 1271 951 1134 100 1171 108 1174 1171 126t 1074 118| 115 124 115| 125 1141 1201 116 135 100 108 125 136. 1111 1256 1064 1134 125 148 118 160 116 150 140 155j 1301 156 113 125 130 141 104 1154 1174 1254 121 13.3 994 1091 120 127 128 135 130 144& 101 1131 I I Bank Surplus, per cent. 1869. 1870. Oct. 9. Ap. 1. Oc. 8. a38.25 38.19 39.55 15.47 14.81 15.80 a27.03 28.06 28.48...... 22.66 21.50 13.19 13.70 14.52 a43.38 43.68 43.48 32.51 32.04 35.71 18.80 19.99 21.28 a14.82 15.84 16.81 30 15 30.38 31.77 28.26 27.50 28.54 11.40 13.44 14.20 17.60 19.20 20.26 b 14.58 16.03 16.79 15..63 17.67 23.45 54.66 58.15 62.14 a20.95 21 52 22 26 a80.02 86.18 89.07 30.68 30.80 30.85 30.54 29.78 31.01 13.28 14.37 11.36 0.27 1.06 2.28 b9.99 10.17 10.68 12.75 13.01 12.66 24.87 23.16 22.45 29.64 28.63 24.96 a17.88 16.06 17.87 a41.25 41.65 41.99 22.45 21.82 25.10 31.99 36.36 39.52 4.08 7.52 9.49 a40.47 41.35 43.93 18.70 21.50 20.58 6.79 7.53 751 40.96 40.62 44.40 a19.38 22.31 23.29 17.29 17.98 18.41 45.97 46.24 49.61 29.89 32.19 34.02 17.85 17.57 17.44 a24.17 25.25 24.97 17.99 20.90 20.45 a22.04 22.17 22.75 40.97 43.05 40.45 19.12 17.55 19.93 a24.55 23.10 23.14 40.20 42.62 44.01 33.75 33.52 33.64 4.92 6.00 5.95 1. 5 3 1 3 1 3 I I i I i I I I I i I I I I I 1 2 1 1 1 2 1 2 1 1 I CAPITAL Jan. 1871. $750,00C 1,500,000 1,500,000 200,000 1,000,000 900,000 500,000 200,000 1,000,000 1,000,000 2,000,000 1,000,00 1,000,000 1,000,000 200,000 1,000,000 1,000,000 1,000,000 60,000 1,000,000 750,000 1,500,000 1,000,000 800,000 800,000 400,000 250,000 3,000,000 200,000 1,000,000 200,000 1,000,000 1,000,000 1,000,000 300,000 1,500,000 2,000,000 300,000 1,600,000 1,000,000 1,000,000 2,000,000 1,500,000 300,000 600,000 2,000,000 1,000,000 760,000 1,500,000 11 D D D D D 3 I I I I I I I I I I I I I DIVIDENDS. 1869. 1870. a a O, 4 0 -A 0 < o < o 5 5 6 5 5555 5 5 5 66 6 6 5 5 5 5 44 4 4 5 5 5 6 7 7 7 7 7777 5 5 5 44 4 4 5 555 55 5 5 5 5 5 5 5 5 6 5 55 5 5 3 4 4 4 66 666 i 5 6 6 5 5 0 5 5 5 5 5 5 5 5 4 5 5 41 6?5f 6 7 6 5 6 4 5 4 4 5 5 6 4 I A 5 6 6 5 5 0 5 5 5 5 5 5 5 4 5 4 6 5 4 7 6 5 6 4 5 4 4 5 5 6 4 5 6 6 5 5 4 4 5 5 4 5 5 5 5 4 5 5 41 6 5 4 7 6 5 6 4 5 4 4 5 5 6 4 I j j I I I I I i 11 c c I r i I I I BOSTON NATIONAL BANKS. Atlantic National....... Atlas National........... Blackstone National..... Blue Hill National....... Boston National......... (Old) Boston Nat. (par 50) Boylston National....... Broadway National...... City (National)......... Columbian National..... Commerce (Nat. Bank of) Continental National.... Eagle (National)......... Eliot National........... Everett National........ Exchange (National).... FaneuilHall National... First National........... Freeman's National...... Globe National.......... Hamilton National...... Hide and Leather (Nat'l). Howard National........ Market National......... Massachusetts Nat. p. 250, Maverick National....... Mechanics' National..... Merchants' National... Mount Vernon National. National B'k of Redem'n, National Security........ New England National.. North National.......... No. America (Nat. B'k of) People's National........ Republic (Nat. B'k of the) Revere (National)........ Rockland (National)..... Second National......... Shawmut National....... Shoe and Leather Nat'l.. State National........... Suffolk National......... Third National........... Traders' National........ Tremont National....... Union (National)...... Washington National.... Webster (National)...... 1870 Highes and Jan. Lowest oan Jan. 1. to April 125 125 131 115 115 12( 130 130 138 118 11 8 121 108 108 113 65 64 67 156 1534 157 120 120 125 1071 107i 110 125 125 127 117 117 127 111 1114 119 117 114 123 114! 114 121 108t 108o 115 151 151 1N60 131k 1314 135 174 1744 181 133 133 142 124 123& 128 120 120 125 1104 1101 117; 102 102 109 1114 1111 1171 120 1120 126, 1154 115| 122 123 123 126J 119 118 126, 118 118 12.3, 1273 1271 136; 105 105 109 130 130 137 1121 1121 122 1071 1017 1131 *142 142 147 121 121 130j 117 117 1221 150 150 160 140 1394 1444 115 115 125 140 140 143 108 108 113 120 1191 127 125 125 1354 10140 101O 109 1224 1224 1271 130 1130 1374 140 1334 142 104 104 1091 it 1870 Highest 1870 Ap' 1 and Ia 0 I, 1. Lowest, J. Ex. April 1 Iull. Div. to Julyl. 1. I 125 124 127 115 114 121 1211 13 1341 131 13737 1 116 116 120 120 31 1081 108 1131 113 41 631 634 67 664 7 150 148 150 1481 120 120 122 122 )1106 105t 109 109 1 1211 1214 125 125 119 119 1274 126 114t 114{ 118 11l 1181 118} 1221 122 1615 1159 120 120 111 111 112 112 1531 15.3 165 165 130 128 1304 1 30 1741 1741 182 182 1.36 134 137 137 123 1211 1129 1291 12 120 125 125 1131 1121 117 117i 105 102 1091 108 1114 11l 116 1141 120 1194 124 1241 117 116 '118 118 121 121 125 1224 1191 119 128 128 118 1181 1251 12!5 1304 1294 1401 139 104 104 106 106 130k 129 137 1364 116i 115* 121& 1214 109 1084 110 110 143 143 145 145 124 1221 130 130 1118 116 119i 119A 153 153 1564 1561 1138 138 142 142 118 115 123 123 137 137 1411 140 1081 108 11141 1081 122 121 126 126 131 131t 140 140 i103} 1031 110 1081 {1201 12U1 1261 126 130 130 135 135~ 1334 133& 137 137 10 103 110 09 Highest 1870 and Oct. Lowest, 1. July 1 Ex. to Oct. 1. Div. 127 1351 1301 1190 124 119 137 144 11381 120 123 118 1091 11 110 66 70 67 1481 155 148 122 125 120 109 1131109 125 130 125 126 133 128 118 1201 115 122 1254 1201 1181 122 117 112 118 114 165 1671 1614 1304 135 130 182 190 184 137 144 1.38 1291 135 130 1241 128 123 1174 121 116 108 111 106 1141 122 117 1244 125 120 ~1124 118 1124 1224 125 120 128 1314 126& 125 132 127 1384 1404 1344 106 112 108 1 1354 140 135 1204 122i 1164 110 113 10841 145 150 144 l 130 132 125 1 1181 124 120 1 150 157 150 1 142 1494 143 1 12. 12511201 1 139 144 1.38 1 108 112 108 1 1231 130 125 1 136 144 140 1 107 111 107L 1 126 130 125 1 135} 14141136i41 137 144 1.38 1 109 1114 1071 1 1 1281 1304 1181 120 138 145 118 120 109 112 67 70 148 153) 120 123 108 1094 125 128 123 128 115 118* 1204 123i 117 120 114 117 1611 165i 130 133 184 188 1371 140 1274 1301 1221 125 115 1171 106 1084 116 117 120 1261 110 1161 120 122 1224 127 1264 1294 1344 138k 108 1121 135 1411 1161 122 108i 110 144 150 1244 130 1165 120 150 155 1434 1511 120 1221 138 1454 1056 108 1244 1311 140 1461 103 110i 124} 128I 1364 144; 138 141& 107 108 I I II i I i I I I I I I I I I I I I I I I I I I I I I I 1 1 1 1 1 1 1 1 1 130 120 142 120 112 70 1531 123 109 127 124 1184 123 120' 117 165 1.33 188 140 130 123 1174 108 117 1261 116 122 127 128 1374 112 1411 121 110 150 130 117 165 151 1221 145 1071 131! 1461 110 128 143 1411 108 Ilighes and Lowest Oct. 1 to Jan. t 2. 1871 Jan. 2.?t L I I. 49 No increase of Capital, or extra dividends, in 1870. * Ex-dividend. 1 People's changed from January and July to April and October; paid 6 per cent in January, and 4 per cent for three months in April. (a) Surplus Fund. - These Banks own Real Estate, which is taken at "Assessors' valuation." (b) The Eliot has $60,000 in suspense; and the Howard, $49,013.73, not deducted from Surplus as given. (s) Repubtic, in stock, April, 1869. T.1:A E 8JPU PEI:IOIIR CO0 IPE I, iEt - M I I NING C 0 M IP'ANI3 E3 S.. I I., I I I I I 1866. 1867. Highest Highest and and Lowest. Lowest. 1868. 1869. Highest Highest and and Lowest. Lowest. No. of Shares Assessed per Share. OFFICIAL. Jan. Jan. 1st, 1st, 1870. 1871. Dividends 1870 Jan 1871 LAKE SUPERIOR COPPER MINING CO.'9. 187O.Highest tan. Lowest, *. to Apl.l. 1870 ApI. 1. Highest and Lowest, Apl. 1 to July 1. 1870 J'ly 1. Highest and Lowest, July 1 to Oct. 1. 1870 Oct 1. Highest and Lowest, Oct 1 to Jan. 2. 1871 Jan. 2. [ i 1I 5 1 75 40 51 24 704 36 132 8 37 5 75 7 191 10 20 [24* 46 6 14 A44 60 37 70 2 11 2 12) 15 75 20 40 18 75 8 391 3 12 2 121 3 10 14 26 1 6 15 46 15 374 2& 10 2 7 25 58 20 30 12 24 61 tl6 21 61 26 88 2 4 3 7 t4 94 2 10 124 27 15 *31 + 5 14 7) 50 61 2( 334 3 174 8 24 1 t6 70 86 11 3} 3~ 8 3 144 6 17 54 23 18 37 i 24 20,000 6.00 20,000 15.00 20,000 5.00 20,000 25.50 20,000 16.00 20,000 25.00 20,000 25.00 2)0,00 21.80 20,000 5.50 20,000 9.25 20,000 38.00 20,000 5.55 20,000 10 00 20,000 16.75 6.00 15.00 5.00 25.50 16.00 2500 25.00 21.80 5.50 16.75 $5 5~ $4 Ma....555........................~.... rch... $5' r.... rch. Allouez.......... Calumet......... Central.......... Copper Falls..... Franklin......... Hancock......... Hecla........... Minnesota...... National......... Pewabic......... Phoenix.......... Pittsburg........ Quincy........... Rockland........ 14 61 20 5 *75 3t 17 11 23 4 1 2 1 61 80 70 20 27 *23 5 71 63 6 10 6 4 2 ~ 75 90 90 2 3 2 3 6l 31 17 18 18 74 11 7 17 32 *17 4 @14 i 1 67 78 20 23 4) 64 2 6 i 1i *85 88 17 18 7 8 17 20 78 20 6.31 88 2 2i 17 7 20 A 4 1 *71 78...... 16 17 5 7 171 21 1 2 1 75 20 7 3 14 85 2 14 16 5 184 1 80c 1 75 *130 17 8 1 3 3 1} 11 85 *135 1 I 16 18 4 6 184 24 1 136 20 74 3 1i 135 2 14 5 24 1 I * Ex-dividend. t Assessment paid. ~ DIVIDENDS.-Calumet paid Aug. and Nov.; Hecla, April, Aug., Nov., and Jan. 5, 1871. ASSESSMENTS LEVIED IN 1870. —Atlas, 5 cts. per share, June 15; Dudley, 10 cts., Jan. 7; Victoria, 15 cts., Juy 9.! Entered, according to Act of Congress, in the year 1871, by JosrsH 0. MARTIN, in the Office of the Librarian of Congress, at Washington. 101 NBEW-ESNGl.IAND MA NAUFAC'TUIIIIq COMiPAN:E3S. 1869. HIGHEST AND LOWBST. 1475 1700 1024 1401 1210 1380 714 904 99| 1241 1240 1475 1250 1460 675 6724 276 315 665 740 70 85 460 635 100 1284 100 146 100 160 750 9474 260 276 1190 2301 1200 1300 60 80 860 1135 650 740 682A 786 952410574.350 375 4924 680 671 *87 87 1380 87241042 *1200 1655 150 181 550 6774 *111 1443;85 665 1100 1200 1800 2120 7974 995 1495 2133 275 320 77 90. *1100 1350 400 475 425 475 95 124 1257i1460 CAPITAL, Jan. 1871. DIVIDENDS when Payable. 3,000,000 Feb. Aug. 1,000,000 Jan. July 600,000 June Dec. 1,500,000 Jan. July 1,500,000 Jan. July 1,200,000 May Nov. 600,000 Apr. Oct. 350,000 Feb. Aug. 420,000 Jan. July 1,000,000 Jan. July 900,000 Jan. July 750,000 Jan. July 800,000 June Dec. 1,000,000 Jan. July 1,500,000 Jan. July 1,200,000 June Dec. 600,000 Jan. July 1,000,000 Jan. July 600,000 Jan. July 600,000 None. 1,007,000 Feb. Au 800,000 Jan. Jury 1,500,000 May Nov. 2,000,000 June Dec. 300,000 Jan. July 600,000 May Nov. 1,470,000 Feb Aur 1,800,000 Jan. July 1,800,000 Jan. July 2,500,000 June Dec. 750,000 Jan. July 1,000,000 Jan. July 1,500,000,Jan. July 600,000 J an. July 600,000 Apl. Oct. 500,000 MayNov. 2,500,000 Jan. July 1,000,000 Feb. Aug. 1,000,000 Jan. July 600,000 'Jan. July 400,000 'Apl. Oct. 1,250,000 Jan. July 600,000 Feb. Aug. 600,000 Feb. Au. 1,650,000 Jan. Jury 1,200,000 May Nov. DIVIDENDS. 1870. g 440 4 5... 034 330 5 6... 5....- 1 r r y F r F y F r 3 u 10 8 5 8 0 0 0 0 0 0 3 0 0 3 0 3 10 5 4 5 6 6 3 O 10 10 3 0 $40 50 10 10 8 4 3 3 0 0 3 3 3 4 8 7 4 4 4 3 ~6 3 4 4 10 10 12 6 10 10 6 5 4 3 $3 $3 4 3 0 0 0 O0 4 0 8 10 20 8 0 0 0 4 5 6 8 10.3. 6' 4 5 o 3 6 3 N. ENGLAND 1870. X MANUFACTUR- 1 Q ING Jan. P COMPANIES. 1. 1000 Amnoskeag..... 1500 100 Andro coggin.. *100 1000 Appleton..... 1210* 100 Atlantic....... 714 100 Bates......... *.6j 1000 Boott......... 1260 1000 Boston......... 1200 700 Boston Duck... 575 100 Chicopee.......*275 600 Cocl co.....*640 100 Continental.... 70 t500 Dwight........ 450 100 Everett........ 100 100 Franklin.......*100 100 Grent Falls.... 00 1000 Hamilton Cot'n *730 100 Io. Woollena*265 1CO Hill........... *116 1000 Jackson....... 1200* 100 Keai saige..... 60 1000 Laconia........ 875 400 Lancaster......*642 1000 Lawrence...... 6-5 690 Lowell.......... 970 2001Do. Bleachery. *350 500 Do. Macb. Ohop 5(0 100 Lynian....... C8 1000 M ancheter Pr't' 870 1.00,Massachue tts. 1*F50 10001Merrintnck....1300* 1001Middlesex.....1*50 500 Nashua........1*530 100 Naumk ag..... *111 600iNew maiket.... 515 500 New Erg. Glass 6021 1000lOtis........... 1200 1000iPacific........ 1155* 5001epperell...... 89J5 100, Saisbury...... *160 300 Salmon Falls.. *263 801Sandwich Glass 78 1000iStark Mills.... I11CO* 500 Sufiolk......... 4024 600 Tremont...... 440 100 Washington... *95 1000 York Mills..... 1427~ Highest and Lowest, Jan. 1 to April 1. *1400 1540 100 111 1200 1210 714 81 96 101 *1200 1285 575 670 225 275 600 6474 65 70 440 455 98 102 99 105 95 1021 705 785 250 255 1141 117i 1200 1310 40 60 *795 875 595 646 685 725 950 1016 350 400 500 525 68 *80 755 -70 8.5 900 1150 13(0 150 161 495 550 1074 1184 500 560 6974 6171 1200 1300 1750 1855 875 *9121 150 1,76 226 263 78 83 960 1100 4(10 402o 4'5 440 931 101 142711450 1870. Highest 1870. Highest and and | A. ril I July l'to July 1. | to Oct. O. 11420 1,;5 1450 1450 1*1395 1450 i 11 *100 1111*100 75 104t 1200 *1100 12371 1130* 1130 1210 I75 5 82 *79 711 79 96 93 98j *965 854 P5 1250 *1200 1250 1200 1200 1275 1200* 119241200 1192I 119241200 *650 E25 650 625 575 625 225 *200 225 *200........... 00o 600 640 *6 00 600 660 65 60 65 60..... 450 430 465 430 425 447& 98 884 98 o90 88 90 100 99J 1031 99t9 90 991 95 95 100 *97 92 98 705 705 725 700 690 7021 250 *225 250 i*225 200 226 1141 112 118 *1 13 112 130o 1300 *1250 1310 1250* 1250 1275 40.......... 40..... 800 750 850 850 4374 650 6CO 600 700 *t;(50 650 675 700 1 700 *720;25 710 735 050 * +900 50 942{ 9174 9974 4C0 400 420 *400 No sales. 525 *5CO 540 500 500 525 751 70 76 74 *69 75, 760 725 780, 256 80 725 845 t00 90 *860 860 8,74 1150 1110 1200 1150* 114741175 160 1524 161 *154 155 160 495 485 520 *5CO 600 525 074 1o00 108U *101] 82 1091 00 500 530 *600.......... 600 550 600 550 *530 550 13(0 *1200 3300 1300 1300 1335 1760 *1600 1775 1600* 1535 16024 875 867 975 I 97b *62(0 77J 1]5 150 155 *150 1386 ]50 225 225 229 *220.......... *80 80 604 s0 O 82 960 *900 960 *900 8174 9(0 400C......... 400 390 400 425 410 425 410 390 410 96 90 96 90 80 90 1450 *1375 1450 1450 14345 1475 1870. Oct. 1. 1410 75 1210 76 86 1275 1200 5~5 200 650 60 425 694 90 92 690 200 1304 1275 40 450 675 710 995 400 625 69 687} 8874 1175 160 525 85 600 *530 1335 1575 675 2I0 *79 8174 390 390 874 1475 Highest and Lowest, Oct. 1 to Jan. 2. 1390 1425 75 88 1210 1250 76 80 86 88 *1236 1295 *1150 1200 565 600 200 250 660 676 426 4471 873 90 874 90 92 97 655 690 1974 200 128 1.30 1276 1300 No sales. 385 4524 660 6724 710 765 995 10224 *500 525 6(56 73 550 6921 8874 900 1175 1215 160 1813 525 550 84 95 500 520 530 6324 *1235 1335 1575 1635 5974 675 1364 141 220 225 79 82 8174 900 385 390 385 390 874 914 *1400 1520 1871. Jan. 2. 1425 87 12(,24 *74 85 1250 1150 600 *230 *635 60 4474 88 *93 670 200 *125 1240* 40 400 *630 750 *960 *400 500 73 550 *860 1175* *1714 *526 913 *505 532i 1250 1660* 600 *135 *216 82 *t60 I90 390 8f8 1425 * EX-DIVLD. t Dwight, capital cut down from $1,500,000 to $750,000, and par from 1000 to 500. f Great Falls, capital cut down from $1,500,000 to $750,000, and par 200 to 100; then an equal amount of new stock made at $100. ~ Newmarket. - The January, 1869, dividend was 3 per cent, and 3 per cent for interest on new stock. MIS C ELLANEOIUS COMPANIES. I 1869. Highest and Lowest. 10 35 9 11 123 1301 635 700 *786 825 54 37 896 1002l 530 650 134 183 225 350 35 38 *130* 1411 6 83 100 106 90 100 60 76 *115 12z 10 14 *2 30 113 141 23 40 175 200 38 63 75 83 103 1181 14 24 DIVIDrNDS. DrVIDDS9. --- When Jan payable. 1870. 1871 Jan. July tQuarterly None. Quarterly, Quarterly. None. May Nov. None. None. April Nov. Jan. July Feb. Aug. None. Jan. July Jan. July Jan. July June Dec. April. Jan. July May Nov. Feb. Aug. Annual. Quarterly..... July Quarterly. Jan. July Feb. Aug. None...$2 $4 2i-2j-2t t21 2_-2j-2l! 2' 24 Mar&c..1.. 4 4.. $2 $7 0 5 t5 4I i*.. 0 4.. 2 2 6 4.. 82... 4 4 4 $4 4.. 7 3.. $2-1 -2.. 61.. 4 4.. CAPITAL, Jan. 1 1871. 300,006 i 1,200,000 1,046 she i 325,000 1,250,000 500,000 750,000 125,000 51,500 shs 600,000 7,000 shs 350,000 60,000 shs 1200,000 113,500 100,000 400,000 20,000 shs 175,000 800,000 500,000 100,000 50,000 shs 100,000 1,000,000 800,000 225,000 125,000 shs PAR 10C 25 30( 506 506 56 100C 60a 100 100 100 5 100 100 100 100 25 80 100 250 lO 100 100 50 100 5 1870 Highest 1870 Highest 1870 Highest MISCELLANEOUS and and and IsLoestl Lowest, Jy Lowest, COMPANIES. Jan. Jan. 1 p. Apl. I Ju July 1 1' to Apl. 1 'to July 1. to Oct. 1 Amer. Mol'd Collar, 12 9 12 9 9 19 19 19 25 American ShoeTip. *11 *101 11 *10 10l 113 *11 103 12 Boston Athenaum. 130 1284 131 127 127 130 130 128 1351 Boston Exchange.. *700 680 700 *675 675 692 *680 680 702 Boston Gaslight.... 817, *795 8174 800 800 *820 8024*800 802$ Boston Screw Co... 22 104 22 10t 2 10 13 114 10 11 Boston Sugar Ref'y, 855 855 890 885 885 *9 00 900 940 Boston Theatre.... 650 625 650 625...6. 625 625 650 Bost. Water Power, 141 144 18i 17i 15i 19 151 144 16 Boston Wharf...... 310 *290 310 *290 275 290 275 250 275 Boat.& oxb'y Mill, *35 35 45 40 40 45 *38 35 38 Cambridge Gaslight, 135 *135 140 140 140 146 145 145 152 Cary Improvement. 61 64 7 6 64 6 7 7 74 74 8 Chelsea Gaslight... 106 106 110 110 110 114 *110 110 125 Collateral Loan Co.. 95 95 97 97 97 104 *100 97 1004 Dorchester Gaslight 75 743 764 74 72 742 *71 71 75 Douglas Axe.......* 115 115 115 1 121I 115j! 1151 120 East Boston Co..... 14 14 19 *17 13 17 14 E. Boston Gaslight. *29.......... 29 29 30 *29 29 30 Essex Land........ 133 133 140 140 *186 140 140 1344 140 Gilberton Coal..... 39 *32 42 32 31 34 33 *31 34 HinshamSteamB't, 200 220 225 200 200 188 200 McKay Sew'g Mach. 434 434 56 *54 53 55 *53 51 54 Music Hall........ 83 83 85 85 85 95 95 *89 95 l'ulman Pal. Car Co....................... 112 *104 112 Short Mount'n Coal,! *12 1 13 1 13 151 13J 124 13 So. Boston Gaslight,l 115 *113 1171 115 114i 117 117 1*113 115 WaverleyLand...... I 13 11 lj 14 Ij 11l4 1! 1 1i 1870 Highest 1871 and Oct Lowest, Jan. Oct. 1 Jan to Jan. 2. 2. 25 22 31 *27 *11 11i 12i *12 134 1254 134 128 *690 685 700 700 800 800 *836 835 10.. 10 940 *865 940 880 650 650 700 700 144 14 20t 194 250 *212*2560 215 35.......... 6 t147 1461 148 148 81 7 81 81 125 120 125 125 100.......... 100 75 75 80i 80 120 *115 120 116* 14 13 14 '14 30 30 31 *30 135 *1293 137 130 314 30 31i 31 190 150 190 175 *52 484 52i 511 95 95 100 100 104 103 105 103 13 13 14 14 115 115 1171 1174 11 14 1 14 * Ex-dlv'd. t EXTRA DIV'nD. Am. Shoe Tip, 2 p. c. Feb., 2 Dec. Camb. Gas, 5 p. c. Oct. $ Chelsea Gas, incr. Cap. $50,000 in July. 102 BONDS, GOLD, ANID 0 OVERtNMOENTSs. 1869. 1870 Highest Highest 1 Highest18 Highest 1 ^ -- INTEREST. AMERICAN GOLD COIN, 18 and1870 aand 1870 and 1871 Highest UNITED-STATES, STATE, CITY, J Lowest, p Lowest Lowest, Lowest, Whnd]n' Jan. I (e?[Arl1 t~t[Ot. J [an. and April 1 J~~~~~~~~~~ ~ ~~~~~~~~~~uly Jul c.1 Lowest. Payable. AIND RAILROAD BOND9S. toAl. Apo JOt to Oct. 1. 1. to Jan. 2. 2 119 1624.......... American GoldCoin. 120i1101123 111 110 115 112 111I122 114 110 116C 111 901 94 May Nov. Albany City (Railroad)............... 6's 1896 91 91 93 93 89* 93i 891 891 92 92.......... 92 914 95 Feb. Aug. Albany City (Municipal).............. 6's 286-'92 93 93 95 95 93 95 93 91] 94 94....... 94 88 94 Feb.15 Au. Augusta (Me.) City...................6's 1887 88 88 89 89 89 90 90 90 911 914......... 91: 901 94Ap1.20 Oct. Bangor(Me.) City.................... 6's 1874 91 91 96 95 95 96' 95 93 96494 94 95 95 82 934 Divers. Bangor (Me.)City (Railroad)....... 6's 1894 84 841 87 856 85) 87. 87 87 89 88 86 884 86 95 Api. Oct.15 Bath (Me.) City (Municipal)........... 6's '93-'98 89 89 92 92 90 92 90 904 91 90 884 90 88) 86 91 Jan. July Bath (Me.) City (Railroad)............ 6's 1891 86 834 89 87 86) 901 894 89 91 894 88 89i 871 101 108 Divers. Boston City (Gold interest)........... 5's long.101 96J 1021 99 956 99i 96 96 981 97 941 971 941 100 102 Jan. July Boston City(Currency interest)....... 6's 1880 1004 100 101[ 100 1004 101 101 100 101 1004 100 101 1004 94 99 Apl. Oct. Boston & Lowell Railroad............ 6's 1879 95 95 97 97 97 98 98 98 97. 98 97 88 92 Jan. July Bost., Concord, & Montreal R.R......6's 1889 88 88 94 94 90 94 90 88 90 90......... 90 60 84 ]Passed. ftBoston, Hartford, & Erie R.R. (old). 7's 1884 60 45 60 45......... 45 45 50 50 50 58 [& 40 674 tPassed. fBoston, Hartford, & Erie R.R. (new). 7's 1900 47 32 491 334 271 43 294 244 30 29 18) 30[ 224 904 956 Jan. July Brooklyn City (N.Y.) Water Loan.... 6's 1899 90 89 95 93 93i 93) 93) 92 931 92 92 92 92 81 91 Apl. Oct. Burl. & Missouri River R. (Land Gr't). 7's 1893 83 83 88 86 86) 90 88 87 894 89 89 904 904 New. Jan. July Burl. & Mo. River R. (convertible).... 8's 1894 90 891 100 99[ 99) 101 101 101 102 1024102& 'i04 104 New. Jan. July Burl. & Mo. River R. (in Nebraska)... 8's 1894.... 89 90 89 9 974 97i 95 97 964 95* 97 96 854 90 Feb. Aug. Cambridge City....................... 5's 1882 86 854 87 864 861 90 88 90 88......... 88 98 100 Divers. Cambridge City....................... 6's long 984 98 991 98i 98) 99) 994 98j 100 99......... 99 New. May Nov. Carthage & Burlington R.R........... 8's 1879 95j 95) 968 961 961 99 99 97 99 97 96 97 96 85 934 May Nov. Cedar Rapids & Missouri River R. R.. 7's 1916 856 85 90 88 87 88) 874 873 90 89 87 90 87 90 1014 Jan. July fCentral Pacific R. R. (gold int.)...... 6's '96-'99 *89 89 96 91 90 93) *90 83 903 90 90 93) 93 85 90 Apl. Oct. Charlestown City..................... 5's 1877 93 91 931 91 91 92 91' 90 91 90....... 90 97 100 Divers. Charlestown City..................... 6's'74-'89 98 98 99) 994 99 991 994 98) 991 984....... 98] 891 93 Jan. July Cheshire Railroad.................... 6's '75-'8o 89 89 96 92 91 92 92 90 92 91 911 93 92 45[9~ 2 19 0 2 014 911 934 92i 1~ 107 1121 Jan. July tChicago, Burlington, & QuincyR.R.. 8's 1883 *111 107 113 113 113 117 *111 110 111 1101 1104 113 113 84 88) Jan. July Chicago City (Municipal)............. 6's 1880 84 84 87 87 87 89 s 88 89 88 85 88 85 923 984 Jan. July Chicago City (River Improvement)... 7's '90-'94 92 921 96) 964 964 99)[ 97) 974 99 98 96 98 96 93 99 Jan. July Chicago City (Sewerage)..............7's long 934 934 974 97 97 991 98 98 99) 98 96 98 96 1011 104 Divers. Cincinnati City (W. L. & Municipal)..7.30 '89-99 102 101, 104 103 103 103) 103) 102) 104 102 102) 103 103 72) 75 Feb. Aug. Cinn., Sandusky, & Cleveland R...... 6's 1900 74 73 741 744 74' 76 76 754 76 76........ 76 70 764 June Dec. Cinn., Sandusky, & Cleveland R...... 7's 1890 70 70 76 734 731 834 83 764 83 764 73 764 76 974 99) Jan. July Connecticut State.................... 6's '81-'84 984 971 99 98 98 99 99 98 994 99........ 99 884 93 June Dec. Conn. & Passumpsic Rivers R.R...... 6's 1876 90 90 96 941 94 94 94.........944 94 94 94 931004 June Dec. Conn. & Passumpsic Riv's R. (notes). 7's 1876 100 100 100 lOO100 99 100 100 99 100 99 984 99 981 9l 97 Ma Nov. Cook County (111.)................... 7's 85-'90 92 92 974 96.96) 99.1 96 9(, 984 98 95) 98 95 89 90 Jan. July Dixon, Peoria, & Hannibal R.R...... 8's 189 9564 95 964 96) 964 99 99 97 99 97 96i 97 96J 94 96 Feb. Aug. Eastern Railroad (gold interest)...... 6's 1874 944 944 99 97 96 99) 99 97 99 98 98? 100J 10oo 91 956 ApL. Oct. Eastern Railroad..................... 6's 1885 92 92 93) 93) 93) 95 94 93| 95 94......... 94 95 96 Divers. Eastern Railroad (Registered)........ 6's 1889 96 95 96 O95 95) 96 96.........96 95 96 95 *104 109) Apl. Oct.fHannibal& St.Jos. R.R. Land Gr't.. 7's 1881 106 1too109 0 105110 110 106*110*106 106 108 108 924 99i Divers. Hartford (Ct.), City Water Loan...... 6's '79-'93 92] 924 97 94 94 984 96 96 974 974 95 974 95 93 95 Jan. July Kal., Allegan, & Grand Rapids R.R... 8's 1889....93 94 934 934 96 95 93) 95 93 93) 94 94 83 884 Divers. Lynn City (Municipal)................ 5's 1882 8 84 886 85 5 87 87 87 884 874 85 874 854, 98 100 Feb.15Au. Lynn City (Municipal)................ 6's 1887 98..........98 98 99 994 98) 991 984 98 984 98 80 85 Jan. July Lynn & Boston (Horse) R.R.......... 6's 1886 80......... 80 74 77 77 14/ 77 741 74 75 75 97 991 Divers. Maine State.......................... 6's long 98 97! 99g/ 97/ 97 98[ 98i 97P 99 97, 974 973 971 New. Jan. July Mansfield & Framingham R.R....... 7's 1889 85 85 90 90 90 96 961) 934 96 94) 90 94) 93 4 4 ~~~93 101 1104 Divers. Massachusetts State (Gold int.)....... 5's long 101 964 102 9681 944 984 974 97) 99) 98 95 98 954 1114 122 Jan. July Massachusetts State (Gold int.). 6's '74-'76 112 107 112) 107 1054 108 107 107 112[ 108 103) 108 103 100 1021 Mar. Sept. Mass. State 5-20-year (Currency int.).. 6's '71-'86 100 1004 1003 1004 100 101 100 100 101 100 100 10 1004 112 133 Apl. Oct. fMichiganCentral R.R.(convertible).. 8'-:882 117 117 122 *118 117 1214 121 121 123 *119 11t 119 117 New,1870.Jan. July Michigan Central R.R. "AirLine"... 8' 190 New..........102 1024 108 108 106 108 106 1054 106i 1061 85 87 Mar. Sept. Middlesex (Horse)R.R............... 6's 1884 87 83 87 83 81 85) 81 81 83 83 81 83 814 i 594 75 Apl.17 Oct. Narragansett Steamship Co........ 7's 1877 744 731 79 79 75 79) 77 77 79 79 79 80 80 96 100 Divers. New Hampshire State................ 6'8 '76-'84 974 971 98) 97 974 98J 984 984 994 99 99 99 99 *85 96 May Nov. tNew-York Central R.R............. 6's 1883 85 85 92 91 884 94 94 90 95 91 *89 92 91 100 1024 Jan. July Ogdensburg & Lake Champlain R..... 8's 78-'79 100 1004 102 102i 1024 103 103 101) 103 103 102 103 102 192 964 Mar. Sept. Old Colony & Newport R. R........... 6's '75-'76 93 93 95 94 94 96 951 95' 96 95 95 96) 95 7'8187 104[ 00102'[ 102'1 102' 103i1103 {102 103 [102['~lO ~ 100 103 Feb. Aug Old Colony & Newport R. R...........7's 1877 1 100 102 102 102 03 103 102 103 102102 103 102 94 974 Divers. Portland City (Municipal)............ 6's '86-'89 95 95 96 951 951 95 95 95 96 9......... 954 95 1 95 6 5I 5 5|9 94 4...... 94 99 June Dec. Portland City (Building Loan)........ 6'8 1887 94 94 96 9 964 959 95 95 95 951 95 90) 93 Jan. July Portland City (Railroad Loan)........ 6's 1887 91) 90) 92J 92 89) 92) 914 90) 91 } 90 90 91 90g 93 100 Ap1. Oct. Portland Water Co. (goki).6's 1888 93 90 93 90 88 90 881 83 881 83 80 85 85 964 100 Divers. Rhode Island State............ 6's long 98 97 99 981 98 1014 100 994 100 994 99 99) 994 1304 160 Passed. tRutland & Burlington R. (1st mtg.).. 7's 1863 130 1254 2002 195 19......2 200... 200 Ne{.........l 20088o o7 S~ New,1870. May Nov. Rutland Equipment (new)........... 7's 1880 New... 78 78 80 80 75 856 75 74 80 794 81 854 Divers. Saint Louis (Mo.) City................ 6's long 82 82 8 85/ 85 87 87 84 88 85 8 86 86 914 954 Divers. Saint Louis County................... 7's 1885 92 92 954 95 95 98 97 95' 97 695 95 96) 954 981 100 ApI. Oct.lSalem City (Water Loan)............. 6's Ion 99 98 99 98, 984 99) 991 98| 99 99 98) 994 99 78 85 Jan. JulySummit Branch Railroad............. 6's 1875 78 78 84 83 83 86 85... 85 85 8 86 75 82 Jan. JulyStanstead, Shefford, & Chamnibly R.R.. 7's 1887 76 76 82 791 771 82) 82 811 85 83 82 84 821 804 994 Jan. JulyUnion Pacific R. R. (Gold int.)........ 6's '96-'99 80 80 88 83) 83 85 84 794 84 821 69 824 74 54) 57 Apl. Oct. Union Pacific (Land Grant), currency.. 7's 1888 55 55 74 73 72) 77) 76 68) 76 69 50 73 s6 New. Mar. Sept.iUnion Pacific (Incomes), currency... 10s'71-'74 60 60 854 83) 82) 88 856 70 854 73 29 734 35 112 1224 Jan. JulytUnited States Coupon (old loan)...... 5's 1874 *109 109 114 108 1084 110) *18 105 109 108 108 10941 *106 104) 1144 Mar. Sept.'fUnited States Ten-Forty Year....... 5's 1904 109 104 1144 106 106 108 108i 106) 109 106 106 107 106o 111 125.Jan. JulyltUnited States Coupon............... 6's 1881 *115 1 114 113 113 118 *1154 112 115 114 1134 1144 *110 6's~~~~~~~~~' 188 '151132 188 114~113 1 18 [1057113~ 15{, 111 1254 May Nov.itUnitedStates5-20, Year1862........ 6's '67-'82 113 109 16 116 110| 116 12108 1141124107 113 1048 107) 123 May Nov. tUnitedStates 5-20, Year 1864......... 6's 69-'84 1124 108) 116 109 *110 114 112 108) 112 11 107 113 107 107) 124 May Nov.+tUnitedStates5-20, Year 1865....... 6's '70 't5 112 10W 1164 109' *110 114) 112 108 112 111 106 112 108 1064 122) Jan. JulytUnited States 5-20, Year 1865, July.... 6's '70-'t5 *111 107 114 107 107) 114'114 * l 107 111 114 109 110 *107 106j 122) Jan. July'tUnited States 5-20, Year 1867......... 6's '72-'87 *111 107 115 109 1084 1144 *111| 1074 1114110 109 110) *107{ 107 122] Jan. July fUnited States 5-20, Year 1868......... 6's'72-'8 *111 108 115 109 108J 115 *111 108 111 110 1091 1 *107 994 111 Jan. July United States (Pacific R.R.'s), cur'cy.. 6's'96-99 108i 108) 1134 111 1111 114 1134 1104 114 111 1104 111 110 97 100 June Dec. Vermont State........................6's 74.'78 98 98 100 98 981 99 99 99 99 99 99 9 99 756 85) June Dec. Vermont Cent. R.consol'd IBtmortg.. 7's 1886 77 774 8.31 82 814 874 864 83 86 831 83i 85 85 35 42) Passed. tVermont Central R.R. 2d mortg...... 7's 1891 35 35 43 42 42 44 42 36) 42 36) 344 39 38 984 103 May Nov. Vermnont Cent., and Vt.'& Canada.... 8's '75-'77 984 984 101 994 994 104 103 102 1041024102 103 1021 99 102 May Nov.!Vermont Cent., & Vt. & Canada R.R.. 8's 1889 99) 99 100l oo 1004 1004 I4 104 102 1041 103) 102 103) 1021 884 921 Jan. JulylVermniont & Mass. R. R.............. 6's 1883 90 90 91) 91 91 94 924 91 92t 92 92 924 921 New. Jan. July Vermont & Mass. R. R.............. 7's 1879 100... 100 100 100) 100 994, 994 100 9) 96 984 Apl. Oct. WesternH. (now Bost. &Alb'y), gold, 6's 1875 97 95 9 76 96I 96 101 100l 100 10:3 00) 100 104 lo1l......... Apl. Oct. Wilmington Railroad................. 6's 1887 90 90 93} 93 93{ 93 3 9393j 95 94 93 95 93j * Ex-Interest. t Sold "fiat," all others interest added. f Passed. Last Coupon paid on Hart. & Erie (old) Sept. 1, 1865. On mew, do., none paid; first due, Jan. 1, 1870. Vt. Central 2d mtg., paid Dec. 1, 1867. 103 ]ELA.I Ili EROlA.D CO40M]PIAN IIFS. 1869. DrviDzENDs. RI OA 180Highest 180 Highest 180 Highest 180 Highiest 17 -A — CAPITAL, DITIDINDS. R-AILROAD-1870 and 1870 and 1870 and 1870 and 17 and Jan.0 CMPNES Jn 1' Api. April 1 Jily July 1' ct. Oct. 1' Jan. Lowest. 1871. payable. ~~~~~~~~~coto Apl. 1. to July 1. to Oct. 1. 1. to Jan. 2. 2 HigsstWhn O 180 OMPNIE. an.Lowst Lowst, LoestLowsn 114i 6011965970I~ n. July 10 5 5 5100 Boston & Albany.... *142i 1404 155 143 143 154 *1484 1454 150 1494 1484 155 *1494 12 1461,1,05n July 8 4 4 4500Boston & Lowell....* 128 1128 137 137 1324t 137 * 133 133 136 1.36 136 140 *134 I1324 146 4,550,000 Jan. July 10 65 55100'Boston & Maine....*140 1140 147k 146k 146 1514 *1454 145 150 1494 148 153 *148 11294 138k 3,700.000IJan. July 9 5 5 5 0lOBoston & Providence, *1311f 1314 142k, 1414 1414 144 *1404- 140 1461 145 145 153 *145 70 75 800,000 May Nov. 6 3 3.. l00;:Boston, Con. &Mon'I 72 72 75t 754 *72 754 75.......75 *74 77 75 74281 25,000,000 None.......100'Iloston, Hartf. & Erie, 8.. 24 9J 3 3 64 144 3 54 5 1 54 2 60 90 1235,000 None.. 100,Burling'n & Missouri, 70 70 82 82 82 874 874 874 91 91 91 92 92 94103 727,800 ApI. Oct. 9 44 4. 100,Cambridge (horse)... 99 99 1044 *99 99 101 101 1014 1024 *994 984L 101 101 60 68 747,960 Jan. July $5 $23 24 6OCape Cod.......*65 65 69 69 69 72 *684 684 71 71 71 72' *70 68 854 2,100,000Jan. July 6 3 2 3 00 Cheshire, Preferred.. *82 82 934 89 8 14 2 914 *82 914 8 3 824 881 *85 145 200 16,590,000 Mar. Sept. 10 5 5 -100 thc ul Qic,1916 5 4 4546 161 *150 162 1514 150 153 152 19 251 2,757,750 None.. —50 C~nn. Sand. &Cleve'Id, 20 19 234 22 22 374 354 1914 37 204 151 254 23 714 79 1,500,000 May Nov. 10 5 0. SConcord........77 764 84a 84 *75 90 75 75 76 76 *7441 8011 77 1274 1.351 1,700,000 Jan. July 10 5 5 5 10Connecticut River.... 1*125 125a141 140 1364 140 *1341 133 1351 135 1,35' 1384 *133 854 94 2, 100,000 Feb. Au~ 6 3 3 3 100Ct.&Passumpsic,P'd,I 86 86 *874 84 84 944 91j *854 914 851 83 864 *83 113 1194 4,062,600Jan.' Juy; 8 4 4 4 0loo1Eastern........ *114 1134 1184 117 11(14 128 *1204 120 121 1202 1204 124 *120 129 137 3,740,000 Jan. July 8 4 44 100'Fitclhburg.......*12(21 1274 1334 1334, 1324 137 *132 132 1354 133 132 137 *132 9019 4151,700.... Aug.. lO3. 10tHanuibal & St. Jos.. 107 105 116 106 105 1214 1184 *1064 119 111 90 1141 93 644 884 1,180,000 Jan. July 4 4 4 4 lO0llousatonic, Prefer'd. *844 844 87 87 87 90 *90 90 944 941 914 109 *1 13 20 6,18.5,900 None..- 50,;Indianapolis & Cinn.. 13 10 13 1 Il 11 19 19 15 22 15 54 15 54 127141354 1,000,000 May Nov. 10 5 5..100 Manch'r & Lawrence, 127 127 1374 134 *1324 138 134 134 1354 135 *1304 136 136 62 714 1,250,000 Jan. July 10 5 555 50I Metropolitan (horse). *651 65~ 674 66 661 694, *67 684 7 14 714 681 724 *694 114 1386 13,512,500O3an. July 10 15 5 5100.Michigan Central.... *118A 1174 125 1191 1194 126 *1204 118 1214 120 120i 1214 *116 59 75 400,000 Api. Oct. 3 3 0..100,Middiesex (horse)... 68 68 784 *74 72 75 75 73 76 73 624 73 6.3 133 150 720,000 May Nov. 10 5 5..100Nashua & Lowell.... 133 133 1404 140 *135 142 142 142 1441 1444 133 *1421 144 120 160 9,000,000 Jan. July 10 5 5 5100,'fN. York & N. Haven,. '*132 132 146 145 143 159 *1544 144 155 I149 149 157 *148 844 2171490,000,000 Api. Oct. 8 4 4..100 t New York Central.. 854 854 98 *15 1 04 984 010'*2 9 44 91 104* 119 3,068,400 June Dec. 8 4 4.. l Northern (N. H.).... 10710 1141144- 114~ 1204 *115 108i 1154 1114 *064113 1064 90 1124 2,363,700 Jan. July 8 5 55 100 Norwich & Worces'r,.*107 1054 109 105 1054 1074 106 *1024 105* 103 102 106 *100 634 704 3,051,800 Jan. July 3 3 3434 100'Ogds. & Lake Chan. i*64 63 1 86' 80 840 95 *914 851 911j 86 86 92 *86 1014110 2,000,000 Ap.Ot?8 4 4 '.. IOOOgds. & La(H'n d, 10 0 ij*0 0410 09 1011*07 0517 17 9241034 4,958,400 Jan. July 6 3 3 3100 Old Colony & Newp~t, *95 944 96 95 I95 1004 *964 1964 974 '964 96 98 **944 100 120 1,500,000 June Dec. 6 3 3 I. l Portl. Saco, & Ports. 110 102* 114 $1054 105 1154 *111 111 115 1124 1124*116 *116 25 35 2,600,000 None.100, -- I Rutland common.. 25 20 25 20I 20 31 31 26 35 26 26 35 35 50 814 4,300,000 Feb. Aug. 7 34 34. 1001 Do. preferred.. 60 60 70 70 691 80 80 *73 854' 734 73 804 794 20 242,750,000 Feb. Aug 8 3 3.. OSummit Branch....264, *22 264 241 1244 424 404 *37 4 1 374 36 40 40 100 119 400,000 Jan. Jufy18 4 44 100:Taunton Branch....*974 974 1044 1044 *00 1041 *100 100 1014 100 100 102 *98 83 103 200,000 July Nov. 0 4 4 100lO'Union (horse)........ 103 100 103 102 102 104 *100 100 103 103 *100 104 102.36,745,0001 N one.0l...... 00 Union Pacific.....20 20 46 414 39 45 39 234 394 244 10 274 134 *9651044j 2,500,000,June Dec. 8 4 4. 1001 Vermont & Canada.. 98 98 103 1024 1024 1064 *1044 1034 107 105 *102 1064 104 55 65 2,860,000 1Jan' July 2 0 0 0100,Vermont & Mass~tts.. 55 55 6.3 60 60 651 65 606 6514 634 634 70 70 50 65 9,520,8501 Jan.Jl,8 4 44 50Wilmington...*50 50 53 524, 524 6 *54 524 5441 54 *495 57 *50 124 13241 1,705,000IJan: July, 81 5 55 1100 Worcester & Nashua. 1*121 1121 1314 1364 1304j 137 * 132...... 132 132 135 *130 *Ex-dividend. t New-York prices. $Portland 4t Saco, dividends In gold; 12 p. c. extra in currency, March 2.3, for back dividends. DO0S'IONIN ULA CE C MP NIS 1868. 1869. I DIVIDENDS. BOSTON 1870 Highest 1870 Highest 1870 Highest 1870 Highest 1871 ~.-'.. ---. ~.-' ---.,Capital DIVIDENDs, —' --- —, and __ and __ and __ and Highest Highest Jan. when 0. INSURANCE - Lowest, - LowestJl Lowest, Oct LowestIJan. and and ~~~~1871. Payable. Fj 1870. O'. COMPANIES. 1. Ja. A. Arl1 1. Jl 1 Oc.1 2. Lowest. Lowest.. to Apt I. to July 1. to Oct. 1. to Jan. 2. *145 - 1631155 175 300,000 Jan. July 16 10 10 10 106 American....*155 1565 170 170 170 185 *175 168 180 180 180 190 *180 100 1194 116 136 300,000 Mar. Sept 12 6 6. 100 Boston.....133 131 1364 *1304 1.30 133 133 133 1.38 1*132 132 133 133 0245 285 2714 3004 300,000 ApI. Oct. 135 15 15.. 10 Boylston....280 280 315 315 *300 315 300 2861 300 1 296 *2&3 296 290 120 14041140 147 200,000 ApI. Oct.110 5 5 50ICityf......143 143 145 *140 140 15.3 150 150 152 *147 147 150 150 155 195 184 200 300,000 ApI. Oct.116 10 10 I00I1iiot...... 200 200 210 *200 200 211 211 *201 211 *201 291 2114 2113 275 304 291 318 300,000 Jan. July 24 16 16 12 256Firemen'st.... 0300 300.323 315 315 328 *312 312 328 328 328.341 *312 764 100 98 110 300,000Jan. July' 9 5 5 Sl00 Franklin. *302 102 1124 1124 1124 116 *111 111 116 116 116 120 *115 98 1034 984 1151 300.000 Api. Oct. 8 4 0. 100 HIde &Leath'r 110 110 114 *110 110 116 116 100 1174 100 93 100 100 1094 150 140 150 200,000 Apl. Oct. 10 5 5.. 10 Howard.. 150 I 150 155 155 *150 153 153 153155 155 1484*150 1481..~~~~~~~~300,000 Jan. July 7 3434. 100 Independent.. *1094 1094 113 1124 1121 116 *113 1114113 113 113 1144 *111 9310 9 003 100,000 Jan. July 7 aj34 343 100-J. Hano'k Life *95 95 100 994 994 10314*100 99410 993 9941004o *97 200 260 260 290 400,000 ApI. Oct. 30 15 15 I. 10Manutacturers' 276 276 307 307 307 *3154 31543159 325 325 *310 325 315 112 135 133 1404 300,000 May Nov. 15 8 7 100 Mercantile.... 140 140 144 144 *140 144 1424 1424 145 145 *140 145 142 145 165 150 170 500,006 Apl. Oct. 12 10 8..100 Merchanis'.... 175 17041 180180 *175 186 185 186 190 190 *1854 190 187 $41 62 45 *564 300,000 Api. Oct. 134 5 63.. 30 Nationalt. 65 5 6 *4 7 54 7 43 7 *3 40 44 4 140 *185 165* 180 300,000 ApI. Oct. 20 15 10.. 100 Ne~~ ~~~ pune...... 170 170 180 180 *170 180 175 175 186 186 *17618 10 77 104 1014 130 200,000 Jan. July 6 3 3 3 100 N.. Marine.. *115 115 1271 127 127 128 *125 1204 125 122 122 125 *122 200 250 240 260 20,00 an. July 20 10 10 10 100 No. Amaerican. *250 250 270 270 270 275 *265 265 270 270 270 275 *26 110 120 120' 140 200,000 Apl. Oct. 10 5 5. 100 Prescott.... 140 140 150 *145 145 150 150 150 155.*150 150 153 153 120 150 150 190 200,000 Apl. Oct. 16 10 10. 100 Shoe & Leath'r 1784 1784 210 *200 200 215 215 215 220 '*210 210 215 215 85 120 120 145 150,000 Apl. Oct..10 55..100 Suffolk.....1434 1434 148 148 *143 148 145 141 145 '*140 140 145 145 100 106 106 112 200,000OJune Dec. l10 5 0..100 Tremont....*107 107 115 115 *110 115 *1 10 108 110 108 100 10g 100 120 1694 165 217.300,000 Api. Oct.120 10 10...100 Washington... 190.190 200I210 1*192 210I 205I1954 210 210 1*200 2 10 205 * EX-DIVDn. t IsnSUrance Stocks are quoted so much per cent on'a par value of $100, except National, so much per share of $30. 104 JOSEPH G. MARTIN, COMMISSION STOCK BROKER, No. 10 STATE STREET, BOSTON. Purchases and Sales made at the Brokers' Board or by Auction; and the same attention given to orders per Mail, Express, or Telegraph, as though the principal were personally present. D' Parties seeking information will always be cheerfully attended to; and inquiries respecting stocks are solicited. A long experience as Broker, and the constant study of the Stock and Money Markets, furnish unusual facilities for acquiring information respecting all descriptions of Securities. An ANNUAL STATEMENT, similar to the APPENDIX in this Book, will be published about the first of January of each year; and the same can be supplied for the past ten years. REFERENCES BY PERMISSION. SAMUEL H. WALLEY, Pres. Nat. Revere Bk. ALBERT BOWKER, Pres. _I. Amer. Ins. Co. ROBERT S. COVELL, Pres. Nat. Eagle Bank. GEORGE F. OSBORNE, Pres. Neptune Ins. Co. FRANCIS COGSWELL, Pres. Bos. 4 Me. R.R. ISAAC LIVERMORE, Treas. Mich. Cent. R.R.. RECENTLY INJTRODUCED SOLID ANGLE-WELDED STEEL AND IRON Burglar-Proof Bank Safe Is attracting the attention of many prominent Bankers, as possessing absolute protection against the expert bank-robber. Drilling, Wedging, Spreading, Stripping, Dra wing of the Door, Insertion of Liquid Explosives, and all practical appliances of the expert, have been skilfully guarded against. Bankers are invited to inspect over a hundred tons of these Safes now nmaking for different Bankers in NJew England. They are secured with the best Bank Locks in the market. Bank-Vaults, Steel Doors, Fire-proof Safes, &c. CHARLES E. KERSHAW, (Late Edwards & Kershaw,) 11 GREEN ST. (Gore Block, opp. Revere House), BOSTON. 105 Nfeptune Insurance Co. CHARTERIED 1830. CAPITAL $300,000. MARINE AND FIRE INSURANCE. GEORGE P. OSBORNE,, President. EUGENE B. HIINKLEY, Secretary. ANqDRE~w T. HALL. CHARLES HOMER. CHARLES J. MORRILL. DIRECTORS. BARNABAS DAVIS. BENJAMIN SEWALL. ISAAc THACHER. GEORGE F. OSBORNE. CALEB A. CURTIS. k JACOB C. RoGERS. OFFICE, 64 STATE STREET, BOSTON. Tremont Fire Insurance Company,, of Boston, Give notice that the amount of their CAPITAL paid In and invested is $200,000, And that they are prepared to insure against Fire, not exceeding $20,000 on any risk, at their office, No. 68, State Street, Boston. G. M. DEXTER, President. JOSEPH H. WELLMAN, Secretary. HENRYv UPHAM. JOHNs A. BURNHAM. CHARLES 0. WHITMORE. Amos A. LAWRENCE. DIRECTORS. JOHN G. CURBING. JAMES F. CURTIS. W. D. PICKMAN. S. R. PAYSON. CHARLIES U. COTTYNG. A. LAWRIENCE IEDMANDS. RICHARD H. WELD. GEORGE M. DEXTER. FRANKLIN ISURANCE COMPANY. Incorporated 1823. Office, No. 44, State Street, ]Boston, Mass. Fire and M~arine Insurance. CAPITAL $300,000. DIRECTORS. EBENEzER DALE. E. T. FARRINGTON. FRED. H. BRADLEE. FRANCIS W. WIELCH. D. D. STACEPOLE. GORHAM ROGERS. WM. C. PETERS. I J. T. FOSTER. Wm. M. BYRNES. EDMUND B. WMITNEY, SECRETART. WM. M. BYRNES, PRESIDENT. BOSTON INSURANCE COMPANY. INCORPORATED 1823. FIRE & ARINE INUANCEn Capital $300,000. DIRECTORS. N. H. EMMONs. R. C. MACRAT. CRAB. J. WHITMORE. J. P. ELLICOTT. GEO. Z. SILSBEE. CRAs. L. YOUNG. B. F. BURGESS. J. B. TILLTON. EzRA H. BARER, JR. BENJr. B. W=LLAMS' SEWELL TAPrAN. HENRY WASHBUR.N, Secretary. JOSEPH B. TILTON, President. Office, 62 'State Street, Boston. 106 CITY FIRE INSURANCE COMPANY OF BOSTO. Capital.. X $200,000. Assets (Jan. 1, 1811),. 400,000. INSURES AGAINST HAZARDS BY FIRE For Long and Short Terms. OFI PICE, NO. 4 OLD STATE HOUSE, FRONT ENTRANCE ON WASHINGTON STREET. -DI 4E —TO ~DIlE=~lCTOl=S. E. JOSEPH S. ROPES. GEO. WOODE IDSON. WILLIAM H. HILL. THOMAS GA WILLIAM BROWN. MORTIMER ( SAMUEL Q. COCHRAN. AUSTIN W. ] 'ON. EDWIN F. ADAMS. CHARLES L. ABRAHAM T. LOWT GEORGE C. RICHAI OTIS NORCROSS. JOB A. TURNER. EDMUND P. TILEST HENRY C. SHOR1 3 RICE. FFIELD. a. FERRIS. BENTON. PITTS., President. r, Secretary. CHARLES L. PITTS, TI-E North American Fire Insurance Co. OF BOSTON, Having Cash Assets exceeding $ 30 0,0o 0, continues to insure against Hazards by Fire on Merchandise, Furniture, AND OTHER PROPERTY. Also on Buildings, for One or Five Years, not exceeding $20,000 on one risk. Also insures DWELLINGS and FIRST-CLASS STORES perpetually. AT THEIR OFFICE,.. 1 OLD STATE HOUSE,.. BOSTON.:DIREOCTORS. SILAS PEIRCE. A. A. WELLINGTON. EZRA (C. DYER. JOHN P. OBER. JACOB SLEEPER. SAMUEL E. SAWYER. ALBERT BOWKER. BENJAMIN E. BATES. SAMPSON REED. CHARLES HENRY PARKER. PAUL ADAMS. FRANKLIN HAVEN. JOHN JEFFRIES. JR. E. WIGGLESWORTH. ADDISON L. CLARKE. IRVING MORSE, Secretary. ALBERT BOWKIIER, President. 107 Fire Insurance Company.I Office No. 63, State Street, Boston. 4 ~~~Incorporated 1849. O)AI'ITr-A.I-j $300,'000. GEoROGR A. CURTIS. RoBERT CODMAN. WILLIAM PARKER. F'RANKLIN EVANS. DIRE C TO0R S. DANIEL DAVIES. CALVIN W. HAVEN. GARDNER P. DRURY. BETH TURNER. DAVID W. WILLIAMS. Wm. Fox RICHARDSON.' HENRY HASTINGS. H1. AUGUSTUS JOHNSON. CARMi E. KING. WILLIAM M. LATHROP, Secretary. GEORGE A. CURTIS, President. THE BOYLSTON Fire and Marine Insurance Company Gives notice that the amount of the Capital paid in and Invested is $300,000; and they continue to Insure against FIRE and MARINE RISKS, not exceeding $30,000 ON ANY ONE RIS1K, at their office, No. 45, STATE STREET, in Boston. N.S. JENNEMY, SECRETARY. JOSEPH W. BALCH, PRESIDENT. Imloemdnent lusuram ee Go. CR&ARTERED MKARECH, 1S67. CAPITAL $300,000. ASSETS $630,000. OFFICE, 46 STATE STREET, BOSTON. Fire, Harine,, and Inland NavigatIon Risks TAKEN ON ACCEPTAB.LE TERMS. C. W. FREELAND, Vice-Pres. GEO. A. EASTMAN, Secretary. GEO. 0. HOVEY, Pres. HORACE S. HART, Assistant Secretary. GEO. S. BULLENS, Treasurer.,C. W. SPROAT, Special Agent. ISAAC F. DOBSON, General Agent. 108 Manufacturers' Insurance Company. (INCORPORATED 1822.) OFFICE, 59 STATE STREET, BOSTON. Capital Stock,...... Gross Assets (Jan. 1, 1871),. $400,000.00. $1,480,464.49. FIRE AND MARINE INSURANCE. POLICIES ISSUED PAYABLE IN GOLD. DIRECTORS. -S DANIELL. JAMES H. BEAL. REUBEN S. WADE. VJAMIN F. WHITE. JAMES McGREGOR. WILLIAM G. WELD. &ILLES L. THAYER. WILLIAM T. ANDREWS. SAMUEL GOULD. OTI BED CHi JAMES J. GOODRICH, Secretary..A.G-ZEX'CIES SAMUEL GOULD, President. BIGELOW & COIT,..... RICHARD VAN RENSSELAER, NATHANIEL F. DEERING,. New-York City..Albany, N.Y.. Portland, Me. HIDE & LEATHER INSURANCE CO. Office, No. 18 Devonshire St., Boston. COAPITAL -, - -. 300,000. CONTINUE TO INSURE FIRE AND MARINE RISKS, NOT EXCEEDING $30,000 ON ANY ONE RISK, JOHN W. CARTWRIGHT, Jr., President. OLIVER H. COLE, Secretary. LAWRENCE FIRE INSURANCE CO. 0:F BOSTOT, OFFICE, 34 DEVONSHIRE STREET, Give notice that the amount of Capital paid in and invested is 250, O0, And that they insure against Fire, not exceeding 25,000 on any one risk. Attention specially paid to insurance on Rents, Dwellings-Houses, and Furniture, for a term of years, and Merchandise of all kinds, at equitable rates. C. A. B. DIMON, Secretary. WILLIAM C. CODMAN, President. 109 SPRINGFIE:ILD Fire and Marine Insurance Co. OF SPIRING FIELID, IMCASS. Capital, $ 500,000 111,, Assets (Ja EXCG, $ 900,000 INSURES AGAINST HAZARDS BY FIRE ON BUILDINGS, FURNITURE, MERCHANDISE, AND OTHER PROPERTY. EDMUND FREEMAN, President. SANFORD J. HALL, Secretary. DWIGHT R. SMITH, Vice-Pres. DIR]ECTORSS EDMUND FREEMAN. A. D. BRIGGS. LOMBARD DALE. CHESTER W. CHAPIN. HENRY E. RUSSELL, WILLIAM STOWE. MARVIN CHAPIN. of New Britain, Conn. JAMES BREWER. DANIEL L. HARRIS. WILLIAM BIRNIE. DWIGHT R. SMITH. GEO. C. S. SOUTHWORTH. GEORGE WALKER. 0. L. COVELL. GEORGE A. HULL, Boston. BRANCH OFFICE, 2 OLD STATE HOUSE, BOSTON. REED & BROTHER, Agents. JOHN C. PALFREY, Office for Supply to Banks, Insurance-Companies, Brokers, and others, of U. S. REVENUE STAMPS, 22 COURT STREET, Three doors from Washington St.,. BOSTOSIT. Stamps forwarded by first express or mail, on receipt of Bank Cashiers' Drafts on New York or Boston. A liberal commission in Stamps allowed to dealers and regular buyers. The Suffolk Fire Insurance Co. Capital Stock,.... $150,000. PAID IN AND INVESTED. INSURE AGAINST RISK OF FIRE TO ANY AMOUNT NOT EXCEEDING $15,000 ON ANY ONE RISK. Office, No. 79 State St., Boston. EDWARD FOSTEB, Secretary. JAMES I. LUNT, President. 110 FRANKLIN S. PHELPS & 00., MARINE & FIRE INSURANCE AND ADJUSTING OF AVERAGES. E. A. KELLOGG,.... Average Adjuster. 55 STATE STR —EET, -T,.... BOSTO1T. Insurance effected in Boston and other First-class Companies, in any required amount. HEW-EHGLAND MUTUAL MARINE INSURANCE CO. INCORPORATED 1839. ASSETS, - $1,000,000. MARINE AND FIRE. Office, Sears Building, head of State Street, Boston. BENJAMIN LYON, Secretary. GEORGE C. LORD, President. DIRECTORS_ E. H. BAKER. PAUL SEARS. GEORGE G. RYDER. M. DAY KIMBALL. FREDERIC NICKERSON. GEORGE K. GUILD. J. S. FARLOW. W. A. TOWER. GEORGE C. LORD. ALPHEUS HARDY. J. CUSHING EDMANDS. HENRY GARDNER. N. G. CHAPIN. OSBORN HOWES. J. HENRY SEARS. J. C. TYLER. B. K. HOUGH. ISAAC TAYLOR. PETER BUTLER. JOHN GARDNER. HARTLEY LORD. J. W. SEAVER. CHARLES CUNNINGHAM. JOSEPH L. BRIGHAM. ROYAL INSURANCE COMPANY, LIVTERBPOOL, 8cENG. (Incorporated in 1845.) Assets, over......... $9,000,000. Funds held by American Branch, over $500,000. FIRE RISKS Taken in amounts not exceeding $40,000 on any one risk. Policies issued and loss paid without reference elsewhere, at No. 22, Devonshire Street, Boston. W. C. HIGGINSON, Agent. JOHN JEFFRIES, JR., Negotiator of Mortgages, AND AGENT FOR THE PURCHASE, SALE, AND LEASING OF REAL ESTATE, 34 DEVONSHIRE STREET (First Floor), BOSTON. Constantly on hand for negotiation, CHICAGO MORTGAGES, principal and interest payable in Boston. Twenty years' experience has proved these loans to be first-class investments for trustees and capitalists to make. 111 GREAT REDUCTION IN PRICES! CHICKERING & SONS' Grand, Square, & Upright Pianos. We this day issue a New Catalogue, in which we print our very LOWEST PRICES, and from which we make NO DISCOUNTS OR DEVIATION whatever. Our object is to furnish to our patrons the very best Pianos which can be manufactured, and at the very lowest prices which will yield us a fair remuneration. Rosewood 7-Octave Square Pianos, Agraffe Bridge, Carved Legs, and all Modern Improvements, at prices from $475 to $600. It will be our aim, as it has been during the pastforty-seven years, to make the very best possible Instruments in every respect. Our rules are, never to sacrifice quality of work done to economy of manufacture. Rosewood 7 1-3 Octave Grand Pianos, from our latest and best Scales, from $1,050 to $1,200. Our prices are set as low as they possibly can be to insure the most perfect workmanship, and the very best quality of materials used in every branch of the business. Every Piano made by us is fully warranted, and satisfaction guaranteed to the purchaser. CHICKERING & SONS, 11 East 14th Street, 354 Washington Street, NEW YORK. BOSTON. CHARLES K. DARLING, Blank-Book Manufacturr, Statioer, AND PUBLISHER OF LAW-BLANKS. WRITING-PAPER OF ALL KINDS, ENVELOPES OF ALL SIZES. W CHECE-BOOKS PRINTED TO ORDER.. No. 15, EXCHANGE STREET, BOSTON. GEORGE HEWS & CO. (ESTABLISHED IN 1831), GRAND AND SQUARE PIANOS At Wholesale and Retail. We will sell a good Piano for a small profit, and warrant it, which we feel justified in saying after ail experience of thirty-five years in the business. Any person wishing to purchase, and not feeling able to pay the entire price down for an instrument, can, by payment of $25 to $100 at the time, and from fifty cents to one dollar a day afterward, have the use of a fine Piano, at the same time having this convenient method for paying for it. Grand, Square, and Upright Pianos to rent, and a portion of the rent allowed toward the purchase. Second-hand Pianos, Organs, and Melodeons, in good order, at prices from $50 to $250. Pianos tuned and repaired in the best manner. Old Pianos bought or taken in exchange. GEORGE HEWS & CO., 379 Washington Street. 112 IENERAL BOOKBINDING CO. 3 05RAfl 03 O t R L 6 QUALITY CONTROL MARK