The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-10-07

Total s2e29,ss9 s7,7@,C3 5S,7cl,6!7
In Chicago November wheat opened at
.42s, and closed ut l.l2b, u quarter lower
than last evening, Corn opened
at 69i and closed at 6Sk, three
fourths of cent lower than last
closing Oats opened at Nc 5-s, and closed
- 40 ~, being decline Of half cent. 1t
viii be seen that grain has been gradually
declining Tor several days, .t.
Pork opened at 1906, the closing quota
ton last evening, and closed ut 1890.
MONEY AND STOCKS.
1t is thought that the call made by the
secretary of the treasury for continued
bonds may reduce the circulation Of bank
notes materially. These bonds are largely
held by the treasury for security for
national bank circulation, and rs they are
cab cd in for redemption, the banks will in
all probability, surrender n corresponding
amount OF their circulation. Other bonds
are SO high in the market that banks will
hardly invest in them for the purpose OF
continuing their circulation of notes The
New York Post suggests that bank note
contraction can be obyiated 'if the treasury
will discontinue calling specified bonds for
redemption and will contine its purchases
or rcdcmptions to such bonds ms may be
offered, it being safe calculation that the
banks will not offer any oftheir bonds.
There seems to be o prevailing opinion
all over the country that government Is
collecting more taxes than is required but
how tho reduction is to be made II the diff
Guilty to be met. The dealers in and pro-
ducers OF whisky, tobaccos and beer are in
favor Of taking off the revenues from these
articles and making them free TO the trade
us other products now. are. The southern
people generally IRE in favor of abolishing
the tariff on cotton ties, wooden and cotton
goods, farming implements and machinery
generally. The duty on pig iron alone
amouts to $300O0,O00 q year and of this
sum only about Si,3O,0OO goes into the
treasury, and the balance into the pockets
of the protected class. Another reason
given Is thut the collection Of the
revenue costs the government in the neigh
borhood of IS 100000 yearly, which vol II
be saved To the government ns well az ali
the losses sustained from corrupt officials
md extravaganza in office We would be
glad to see reduction in our national
taxes, and trust this matter will come before
congress at an early day,
WASHINGTON, September SO--Thc Bureau
Of Statistics makes the following statement
Of the imports and exports Of tho United
States. The excess of exports of mcrChan-
ulsc was ~ lOlloWs'
1880 1881
Month ended Aug 81. slO,07,6B sS,sG, l9i
| Eighth month ended
| Aug. Sl......,......... 8,SOl,Wi III, OIL
| Twelve months ended
Aug VI '-'.,....,.... lViUTIbH 0l,SlOlH
The excess Of imports Of gold and silver
coin aud bullion was as follows;
| 1854 1851.
Month ended Aug. ~. s0,23s,33g s47pL log
Seven months ended
Aug II ..,........,. lO,4gl,Gl8 27,421,6ll
| Twelve months ended
Aug. Si............. ~, $50, 4Sl H,2l7i7
There is much excitement among New
York SOck-brokors, owing to the decided
action Of She government officials, who have
suddenly demanded that thoy shall pny a
bankers tax OF LA Of per cent upon all
deposits and money loaned without security
dating bnck the claims OF liability ns far as
1864, and also adding penalty Of 100 per
cent, The Graphic says that Internal Rev
enuc Commissioner Raum, Of Washington,
through Assistant Collector Blake Of New
York, is now examining the books of about
thirty OF the largest stock brokers' concerns
In Wall street in order to determine their
liability, and II is stated that the
government officials are determined to
make the law apply TO both
brokers and bankers, and that all deposits
ofbrokers, whether margins ar loans, must
pay tribute. The brokerage fraternity ara
very much agita,ed about the matter, be
cause the amount In volvcd iSavery large sum
Of money SO great in fact, by accumulation
and added penalties, NJ to probably occa-
sion embarrassment in some cases. One OF
the largest brokerage concerns in lower
Broad street, OF whom was demanded the
other day access to the books and accounts
OF the house, at first refused 10 comply and
was on the point of ejccting tho officers,
| but was informed by their law advisors
that such action would hardly DO advisable.
Russell Sage said that he thought brokers
would be justified In protecting their prop
erty, but they will unquestonably be com.
PEELED to submit TO general overhaulng OF
their books and accounts, rs demanded By
the officers OF the government The sums
which may be demanded from stock.brokers
will probably run from $4,000 TO $500
apiece.
1t is said NJ. Gould holds 5000 shares o,
Western Union rtocks One ysur ayo there
were only 10000 shares all told. Now
there are 10000 shares in existence. The
question Is, does Mr.. Gould own these
10000 shares of increased stock or does he
not
Stocks arc weak and nearly oil have de
clined II shade in the market. st. Paul
opened ut l.09 S-Sand closed ut Loo, a hal
cent decline, Western Union opened at 81 Is
md closed ut SS 7-S, a decline OF one cent
Union Pacific opened at LII 81 and CLOSED
at LIS, half cent decline. Delaware
Lackawanna and Western opened at | o.
advanced to ID IL, the same figure as thu
close the evening before.
Financial.