The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-11-22
FINANCIAL.


now an abundance of money, and discounts
have been unusually light during the past
week. Cotton is beginning to move TO
other markets, and holders, it seems, have
tired of longer waiting for the expected ad-
vance in prices Our merchants represent
collections good, and the asking for money
on commercial paper has fallen off largely
in the last month. Rates of discount have
not changed. while the demand for money
has fallen far below that of any previous
year. The financial status of Dallas.and
North Texas is in more satisfactory condi-
ton than in any previous year in the his
tory of our State. Our farmers and planters
are prosperous, and year by year their in
dustry is adding to the wealth of our city
and our State.
All the silver dollars coined are now in
use as money; the Treasury has only II
small balance of silver now belonging to the
Government. Ofthe $4,000, 600 of silver dol
lars coined, there arc 100000 in actual
circulation among the people, and there are
G6000,0O0 outstanding in the form of silver
certificates, 80 at this time there are no sill
yer dollars in the Treasury belonging to the
Government; the ownership has been trans
ferred to the general public. The silver
certificates are redeemable on demand in
silver dollars, and these S66 900, 600 are add
cd to the general currency of the
GERS, true to their hostility to the silver
dollars, always speak of the silver
in the Treasury as so much coin refused by
the people as currency, and carefully ignore
the fact that an equivalent in Treasury GER
titicates for every one of these silver dollars
is outstanding. So that all the silver dol
lars coined since 1873 are now practically
circulating among the people. The demand
for these silver dollars is increasing, and
such is the demand for silver certificates
that the Treasury has recently been forced
to refuse to issue silver certificates in eX-
change for gold because of the want of
silver dollars to represent them.
The report of the Acting Fourth Auditor
of the Treasury shows that the amount APP
propriated last year for the United States
Navy was SIS, 7l3, 462 0G and that the amount
expended by warrants aggregated Sli,-
055, ii0.55.
Russia is about to place very large loan
soon. In view of the volcanic condition of
things there, it will hardly be very popular
among the European bankers.
The annual report of Surgeon-Gcneral
Barnes says the cost of medical and hospital
supplies uNludllN lSSutu uuTlllB INC luSl US-
cal year was $lS3 25342 The Surgeon Cen
eral calls attention to the necessity for an
increased appropriation to meet the expen-
SEES of the medical department for the fiscal
year ending June 30, lSS3,and says that $780,
coo will be required for this purpose. One
important reason mentioned for recon-.
mendng an increased appropriation is the
fact that the department Is obliged to fur
nish medical and hospital supplies for the
use of several thousand Indians held az
prisoners of war Respecting the health of
the army during the past year, the report
shows that the total number of deaths
from all causes among white troops was 49,
or 0 per 900 of the mean strength, and the
total number of deaths of colored soldiers
renorted from all causes was iS, or 20 per
1000.
Register Bruce, of the Treasury Depart
ment in his annual report for the fiscal
year ending June 30, 1881, refers particu-
larly to the immense amount of labor inn
posed on his office by the continuance of
and 6per cent bonds at 81 pr cent, His work
was not completed at the close of the fiscal
year, but the aggregate amount of bonds
issued during this year was nearly $500, 000,-
900, an average of about $4,000 daily. The
issue of continued bonds EVOLVED much
more labor than the issue q new loan
would have done. In the latter case the
bondsare issued upon certificate of deposit,
signed by the Treasurer OF the United
States, but in the former upon the surren-
der of old bonds each one Of which had to
be examined to ascertain that the assign
ment is in proper form and duly attested.
DALLAS EXCHANGE AND COIN.
Buying. Selling
New York Exchange, .........."h@k Par@A
.. LOUIS ,,....,.'','.,,,'...'.'..s
OllCNHO' ,s'.ssssss,s''s''s'ss..
New Orleans. OBSERVATION-DISCLOSURES"
Galveston and Houston. ..,.........h
Commercial exchange upon all points y toK
discount
Sterling sight 81 IS.
Francs sos 10.
Marks %.
Gold, silver other than trade dollars par
lIhuc uolius w GEMS.
Mexican dollars. Observation-Disclosures
Mexican halves. .................,.....4 10
MeAcau quarters, ,,,,,,.,,...,...,,.,,,, 10