The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1878-12-05
Total bales Id date.


We have no transactions of impoI-
tance in wool to notice. The market
is dull at 10 to 16c for six months
clip.
Hides would command 12 lee for
dry flint. Supplies arc very small.
10 grain the market has been quite
active. O.ts are scarce at 81 ID to
500, with 3jc asked, retail Corn is
firm at Soc, end wheat is wanted at Csc
for sound water.
i Securities have advanced during the
past week.
Ok'd accounts are selling 1t soc; sic
asked
Pension certificates are irmer; round
lots would bring II to ~ &c, but
none are IN the market. We believe
the Legislature Il make the necessary
appropriation to pay the certificates,
and we anticipate much higher prices
. for this security.
III essnTy warrants under offer
ings of moEthly salary payment
are easier. We quote them 06
bid aud o. asked. We can learn of
no sale Of bonds during the week,
bGt-qlote pension bonds at los fat
LIE uI oD0NH AtE AGNiN tAAob.t nNAN
July, and Is the State can borrow at
per cent. We have no doubt but that
eli pension bonds will be called in by
the mex. Legislature.
Lsnd certificates are lower to sell
alteInates are dull az $50; strGights are
firm at 500 bid, end lnternaiionals
commend S2i5 70 $500 With the de-
create of the ub &c domain, land GER
6eates nuqhl to decline, and undoubt-
edly VAL, for nat only does land be-
come scarcer, but Il is reasonable to
suppose that the quality grows worse
as selections are made.
There is no abatement in the de-
mend for money; - per cent. ia the
lowest figure at which banks WILL loan
20 regular customers, but outsiders pay
from 20 TO 80 per cent per anFum.
Gold is up is in New York, and silver
u ffmer and higher.
The action of the New York banks
Regarding the course to be followed
with the silver dOllor, winch will be
paid out alter the first of January,
1S19, by the Treasurer of the United
5tstes in exchange for greenbacks or
or The wao,s of the government, hiss
Fery unnecessarily stirred 10 thViIe OF
b Western aud Southern papers. We
hphesi'atiugly approve the position
taken by the New, York bankers, but
We regret that they did not so far
enough. This silver business is one OF
1nresty or dishonesty, one of psyisg
ZOOS on the dollar, or reputation of
2oc on every dollar. We would like
20 see the mstter take sharp, active
epd decisive turn, aud we doubt not
: where The victory will be. To day a
eilvgr dollar is in,nnsically worth but
e3c in gold, tomorrow it may
be wcIth 10 cents, or so cents, accord
Ming 10 supply and demand. The
|nount OF silver dollars now coined is
et too tTifiipg TO occasion any Sc
as harm, bat should the Secretary
the Treasury see 81 TO pander to
10 silver cTkze by coming $1,000, 900
month Of the "buzLard" dollar, the
Injury TO be done to commerce cannot
now be estimated. When the country
. resumes, il means dollars worth 100
Acert< each, and not so cents dollars,
10 make it palmer, 4l2 1-s grains,
-fiuc, of silver are not worth s5
grams Of gold; vet gold dollar
ins by law, 20 $40 grains of
Y1Ie people have already decided
kesinsk The silver dollar as cumber-
some and f. only fer tokens-tke poll
.ieiaas aud demagoguSs hsve not. The
bonanza kings OF the Pacific coast
want unlimited ccinnge, IN order to
pluuder the country; the East wants
AZ honest dollar. and ns il is in the
powsr OF the banks 10 insist, for once,
on honesty. Il Is right that silver so
cent dollars shalt be taken only as a
special deposit.
FRANCES B. Forster.