The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-11-09
FINANCIAL.


country are discussing the question
whether or not the mines of the world ar,
likely to yield sufiiciency Of the precious
metals for money and the arts, There can
be no doubt that the volume Of gold in cir
culation and in the public treasures and
vaults Of banks is increasing year by year,
and the only thing to be considered
is the exhaustion of the mines. There is at
present in this country $52O,OOOOOO, OF
which about 1924 600, 600 was held as treas
ury national bank reserves, and S256O00,-
900 was in actual circulation. There has
been total gain of gold coin and bullion
to the country since July 1870, Of $25i OVO,,
600, Of which S35,0O0,0Oo was added
to the treasury, $59,0O0,00O to the
banks, and $40, 000 600 to the active circu-
lation. The amount estimated to be IN
England in 1850 was $3.50, O,OOO of which
$428, 900, coo was in actual circulation; and
France with 1927 900 of gold, had
circulation of about $4,000 600, making
grand total of $2,043, 100000 of gold in the
three countries alone. From the best
estimates that can be given this does
the gold of the world. The products of the
mines in the United States, Australia,
Mexico, South America and other coun-
tries ii is estimated, is adding annually to
this gross amount at least O sum equivalent
to $40, 000, 600, The amount consumed in the
manufactures and arts, 1t is thought. will
reach at last $500 600, but this of course
is not lost TO the world, but is still
in existence in another form than
money and which could not be used
in that form for commercial purposes.
In addition TO this the silver used in
commerce should not be left out of the
question, and which is increasing and adj
ding to the quantity of precious metals
almost as rapidly ash gold itself on
the whole wecan see nothingin this matter
at present to cause so much discussion
or to awaken the fears OF anyone in regard
to u scarcity ofgold in the world now or at
any near future period,
A dispatch from Washington says the
government receipts during the present
month, including those of Saturday last,
have been us follows: From customs, SlS,-
100000; from internal revenue, Sl5,-
100000; from miscellaneous sources,
100000; total, $37 100000 The
expenditures during the month
have been $l60e0,000, including $4,0O0,0O0
for pensions. Careful estimates made indi-
cate that the reduction of the public debt
during the month of October will reach
about $l5,0O0,000. If this amount is real
lied the reduction of the debt for the first
lOuT IlOutuSsOl lllc UHTTeIlI llSCdl year Will
aggregate about $57 100000.
The weekly statement of the Bank of
France shows an increase of 7,4750O0 francs
gold and decrease of 10,47500O francs sill
yer. The bank of England shows decrease
of specie for the week of f3S6000. The pro-
portion of reserve to liabilities, which last
week was 81 SIG, is now 81 ll-lG. The I'M
perial bank of Germany shows an increase
insspecie of 100000 marks.
The amount of the Turkish debt with
which the bondholders have to deal is
amount to f53O,000 or enough to pay one
fourth per cent. per annum on the debt.
The coinage executed at the Philadelphia
mint during the month of October aggre-
gated $3.50, 500 pieces, valued at $S,G63, 800.
This amount was made up of 1884 800 eagles,
10000 halfeagles, 100000 silver dollars,
and 4,350,000 cents.
The reduced rates in the star route pos
tai service during the month of October
aggregate S55,77S, making n total since
Postmaster General James began his reduc-
tons of about 81, $4,000.
The Peoria internal revenue district paid
for October collections 81 AIS, 632, against
81 ,O32,5 52 in October last year. The in
crease of revenue for the first fou" months
of the fiscal year over last year work is
S960,000. The internal revenue collections
In the Springfield district for October were
S2l3,9070S, the largest amount collected in
single month this year.
DALLAS EXCHANGE AND COIN.
Nav yor. rro,.rro Buying; s Selling
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SnlchSo.,.,,''... .,..',.'...,',.,,...,
new orlehns, ........,.,.,.,,,,,...,.,
Galveston and Houston, ...,....."H
s, Commercial exchange upon all points X to X