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

DALLAS, November lO.-The money mar
ket in this city has improved somewhat in
the last week, but the amount of cotton
held in store, upon which heavy advances
have been made has caused striny ency in
some quarters which will probably be felt un.
til the cotton is moved. Loans, however, on
good paper are easily effected at ruling
rates, say from eight to twelve per cent
The demand has been lighter this sea.
son than usual, and commercial paper
finds ready market Our banks
have had heavy calls from some of the coun-
try banks that have advanced largely on
cotton, but there seems to be disposition
now to dispose of the staple at present
prices and not wait longer for the expected
advance The prospect now is for an easy
money market all winter.
The Confederate bond bubble appears to
have been prieked, and the demand for
them has almost ceased. The
heavy decline in England seems
to have weakened the nerves
of operators in this country, and we can
hear of very few transactions now being
made in them anywhere The London
Times and Pail Mall Gazette both assert
10 the credit of the Confederate government
which. in view of the fact that the Confedc-
racy was always short of funds, would seem
20 verify the assertions ON the contrary il
is stated that officers of the treasury de-
parment at Washington are trying to as
certain the basis OF the buying movement
One treasury official is reported as SAYING
that the Confederate government had Sc
GREETED in Europe at the close of the war
property valued at many millions of dol
lars AT least ten steamers belonging to
the Coniedcracy were in foreign ports also
valuable machinery for rilling cannon, etc
During the past year iitty-tour national
banks were organized and twenty Went into
voluntary liquidation, leaving 2l3G doing
business at the close of the year. No
national bank failed during the year. The
semi-annual duty accruing from the
national banks was SS,493 So, all of which
hasbeen collected and paid into the treasury.
making the total amount collected by the
treasurer, since the establishment of the
national bank system in 1869, sos, $50 02l.
Comparing the condition of the treasury
September 80, 1851, withits condition on the
same day last year the most striking
changes are the increase in gold coin and
bullion and standard silver dollars on hand.
and in silver certificates outstanding More
than S23000,00O in gold has been deposited
with the assistant treasurer in New York
for the purpose of exchange with the west
and south, payable in silver certificates
During the last fifteen months
the gross amount of gold and
silver coin and bullion held by
the treasury in 1881, was S26J, 706,OJ6. The
increase within the past year has been $55,-
100000, of which amount over S3g,OO0OOO
was in gold.
L. $. bonds amounting to SSj,30i0JO
were retired during the year. Aggregate
amount retired by purchase, redemption,
conversion and exchange, from March llth,
1863, to the close of the fiscal year, is ST.
1884 800.
United States currency outstanding at
the close of the year was 1862, 539, i37. There
was redeemed during the year S71 ,069.974,
making total redemption since the first
issue ofthe currency Of -, 300, l4l,O73.
DALLAS EXCHANGE AND COlN.
Buying. Selling
New York Exchange, ilG4 Parg4
" LOUIS ACKNOWLEDGEMENTS. ......
,UlVbhn' '...,-.'.....',,,,.,. .,.,....
New Orleans. Observation-Disclosures"
Galveston and Houston. ........,...iS
discount,
sterling ,Irt'J 81 S.
Francs 40 TO-
Marks ~.
cod. liver, other than trade dollars, par.
li".V uoiliIs 10 cents
MeNichn uoilHrS, Observation-Disclosures.
MeNicah haNtS, ,..,,.,...,,...,,..,,. 10
MS~lVah qu"Ilcls' '''''''s'''..,',,,...., 10