The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-12-08
FINANCIAL.

DAxLAs, December There has never
beend period in the history of Dallas when
money was more plentiful in the banks
than to-day. II is true that there is a
larger amount of cotton in store, and held
for higher prices in this city and surround
ing cities, than in any former year, and
that the banks in this city are called upon
to advance money to carry this cotton until
the time arrives when holders are willing to
dispose of it. Yet, withal, there is such an
abundance ofmoncy awaiting demands tOrit
that even our bankers themselves are as
tonished at the accumulatlons IN their
vaults. The only demand for money now Is
upon the legitimate paper of urmerchants
and the small amounts required in building
improvements. There is Il growing demand
for county warrants and scrip ON the part
of taxpayers, but the discount on them is
so light that sales are restricted in great
degree and purchases have been small.
Scrip and warrants are now sold freely
ut from IS To 90 cents. Ii is now thought
that all the county warrants will be paid in
full in the next twelve months, and that at
the end of that time our county expendi-
lures will be liquidated as fast as they ac-
crue.
THE following is a statement of the dispo.
sition made by the Treasurer OF the United
States the national bank notes redeemed
during the month and five months ending
yesterday, as compared with the cores
ponding, periods of last year;
returned to the banks of issue
for the month, SlSI,G00; five months,
$l,0l4, 100; notes unfit for circulation as
sorted and delivered to the Comptroller OF
the Currency for destruction and replace
ment with new notes-ior the month 50,
5SS,700; five months, SIG, 207 100; notes of
failed, liquidating and reducing banks de-
posted in the Treasury-for the month,
Sl05950O; five months, 1882, 100. Totals
for 1SSl--for the month, Si,S32, 800; five
months, $50, ll3, 300 totals for 1SS0-for the
month, So, l24 500; five months. SlS7l2, $50.
Increase-for the month, 81, i0S,0OO five
months, S3,i0l, 100.
THE foreign commerce of the port of New
York last week shows large falling Off in
both exports and imports, the former lex
elusive of specie amounting to S62S6,790,
against $7,0O5, 30 the previous week, and
the latter to $7,ISi000, against $500, 159
the previous week. AS compared with the
same week last year. the differences are
still greater, the exports of domestic pro-
duce and miscellaneous goods showing
an increase of nearly 100000, and
the imports of dry goods and general
merchandise an increase or about 81 800 900.
The returns are not satisfactory, but this is
owing chiefly to the grain speculations in
this country, which retard the export
movement of brcadstutls. The specie
movement for the week, consisted of ex-
ports of $lS7,65O, and imports of $3.50, 922.
The total exports of domestic produce and
miscellaneous goods from New York since
January |, this year, arc a5,542,670,
against 1868 ,570,055 last year; imports of
foreign merchandise, $685., All, 100 against
$43S,2S3, 23j last year; exports of specie,
$lO,37 ,2S7, against 81, 1853, 1857 last year, and
imports of specie S5i Dds, 433, against S56,
174,93 last year.
The following is a statement of United