The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1881-12-16
FINANCE AND COMMERCE..
The Homo and Foreign Mar.
kets Xesterday--Gene
Reports.
EXAMINER OFFICE, December Is.
LOSS on GOLD coin.

|
A New York writer says: when tn
statement was made in these column
some months ago that the loss to til,
people by the abrasion of gold coins il
! circulation was Il serious one 1t wa
| thought by some to be exaggerated
| How well taken the point was is shown
by the results just made known in Bos
ton, where the banks have been making
their clearinghouse settlements from
one bank to another. Ii has been founC
that this transportation of the coin il
gradually reducing its weight, and if the
practice is continued the gold will
within less than a month, cease to be le
gal tender. As it is, it is found that the
average weekly depreciation of $1,000,
| 600 is $500, or at the rate of $4,000 pei
year. This is on the basis that a gold
coin in actual use loses annually
over one-fve-hundredth part in
weight. In reality thousands OF
dollars are daily Withdrawn
from circulation being found under
weight. The Boston banks have deter
mined to adopt the suggestion made by
the Tribune and appeal to the govern
ment for the issue of gold certificates,
which could be circulated as substi-
tute for coin. The cost of the certif-
Gates would be nothing in comparison
with the loss to the public by abrasion.
And the certificates would be better than
the coin. Business is suffering from
Secretary FOlger's persistence III the
policy of his predecessors in allowing
large sums of money to accumulate in
the treasury TO be discharged in equally
large amounts at long intervals. The
financial barometer is subjected in this
way to distressing alterations of high
and low pressure. Some new system
must be adopted, SO that a steady and
equal inflow and outflow may be secured
by the treasury. As long as operations
directly swell or contract the volume of
the currency business men have the
right to demand that its policy shall be
regular and certain, and easily calculat-
ed by them in advance"
DEMARARA SUGAR.
Nowadays, especially in LonIon,"
says an English paper, people have Il
great fancy for Demarara sugar, which
they innocently suppose comes from the
country of that name. Most of it no
doubt does come either from Demarara
or some neighboring port, but there is
variety of 'Demarara' about which we
have secrets to tell That is called
'Whitechapel Demarara, because in that
delightful neighbOrhood it takes its
birth. We do not mean that it has
grown there, for it comes originally
from the continent in the form of white
French crystals made from beet-root.
But sugar retiners have found out
the public mind, and they know
the people have prejudice
against beet-root, and like to
think they are eating produce
of the sweet, juicy cane. And so they
turn the whIte--rather dirty white
beet crystals from the bags, and spread
them upon the floor; and then they
pour upon them some of the molasses,
which is the DRAWINGS of West India
hogsheads, and have, therefore, the
smell of sugar from cane, and men 90
with their naked feet and trample the
syrup into the crystals by a kind of
wriggling movement, until the spurious
damarara is produced. The men who
do this are called the "Tipperary gang,
and are supposed some times to wash
their feet; but we know on good author
ity that a large producer of sugar, once
watching the motion of the gang, felt
constrained to address one of his men
thus; "My lad, don't you think you could
get bit of the crust OFF,
The St. Louis Republican, discu ssing
the late influence of rapid crop deliver
les, says: There is strong undertOue
in the market that should forewarn the
short interest of a rapid appreciation,
and numerous orders to buy handsome
round lots were executed by all the
brokers. The English market is de-
pressed by the heavy receipts, and the
conservation of the spinners
which teaches them always TO hold off to
the last moment, with the hope of fore
ing the spinners this side to disgOrge
some of their heavy holdings. Their
persistency in ignoring the short crop
estimates is remarkable feature, and 1t
is said that the spinning interest is
building its prospects of lower prices on
Il crop of 6,50O,000 bales, whereas the
most sanguine statisticians here estl-
mate the shortage at 100000 bales.
Cunningham, the great Liverpool cot
ton dealer, notified his st. Louis agent
yesterday to encourage buyers at quo
tations, as it would be fertile field of
profit after January l. The cablegram
further said: "The buyers here will not
believe in a short crop, or they are
bound to become victims to Ranger"
THE STOCK MARKET.
The following prices are ruling at
San Antonio:
Cows, per head. SIG O0@20 col
Mich COWS, per head. 800. % 0OM35 90
Yearling steers II heifers. 10 0O@11 90
2 old steers and heifers.. E. II 00@15 90
3 $3.50. Is 90
/ "....... % 90
No. Oxen. ......... % O0@30 90
Horses, unbroken, II hands IA 00@ 1890
Broken horses, II hands. % 00@30 90
Mules, ii to Is hands,. % 00@55 90
". IN OnEx1n M