The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-05-23
nance AND COTTON
FINANCIAL.

NV 49,
FINANCIAL.
,ascial statement Of imports and exports
~ nst in the eight months ending with Feb.
~ our exports of Indian corn fell OF
I'm COO for the corresponding period Of
l.esdng year ~ s240S7Oo0; wheat fell Off
riS9l9OOO 10 SIS, les, 600; -four from 49,, 2i7,-
tql4S p0O cattle from s9,ASJ,O.0 to S. 26S, =
f,ssn from slSS, 500 900 to $500 90 o. bacon
M, 600 Ia $50, 267. 900; hams from s., 42l. =
-.ss5 COO: fresh beef from a. 1 600 to SIS.
y hntter from s., 2l4, 90 10 g., &c., 000 cheese
~ 5000 to Sll, 0i9,u0; lard from s93 sos,
,sNgs7. OO0 preserved meats from 81. as, 100
MOO pork from si63l, 100 to S., les, 600; TO-
Am SIS, ~, 00J to SlS,4s6, 900. The only
4 that shows Il considerable increase
sismIuatng oil, which increased from
,sSa0 to go, $4,000 Our total exports of
.',te merchandise fell of in the eight
ssss ending with February, 1882, as com.
n Min the eight months ending with Feb.
= ISL. from s607, S}Iq.W TO Sis 1853 900 In
'ane time our imports incrcas' d from SlOS.-
smm s5S 65s 600. coffee imports increased
~ .IleOO0i pounds 10 2 100000 pounds:
t.spd skins, from sl7,Ss2, coo to SIS. 7S9, GOO;
On nom s5,67L0O0 To SS9ig,000 chemicals
n 4 gi6 900 10 Si6l0, 600, cot ON manufactures
II III 10000 10 S23,0lO,0oG. stone and china.
y. from si3i6 900 to Sc, 9S7, U00 flax goods
erS6l, 900 to $40 $40, 600 fruits from $685., 10
tyig2 (6G steel ingots from s2y70 Ou0 to S.
IN lin plate from SS,S9S, 900 TO $40, 7O5, GOO,
.ro from g, 6l2 90 to Sl,l70 00O; dress goods
taa Isl, 900 TO sll,7ll,Oo0,
ava the New York Chronicle: The subject
jAe suspension of the coinage Of silver dol.
4 and the withdrawal of the silver certificates
lain before congress, this time ON the report
Ie banking and currency committee Ii il
IN that the present condition of our finances,
rAnlnce congress TO give this matter immedi
rsifutOn, The last report of the treasurer
rAe United states showed that on May l there
IN IN the treasury Sl5gjt56 silver dollars and
NNl+is In gold coin. At the rate at which
aphrer is gong out of the treasury and the
iner going in, the silver VIII soon be IN excess
iDl The governmental has, since tie coinage
rd February -, 1878, went into operation
tnA about los co., 0Ol of standard silver dol
\, virtually absorbing almost the entire pro-
hs Of our mines and locking ii up in
ri country when, had II not been
kAS coinage. the metal would have been ex-
bad as other products Of the country have
lsHent abroad silver dollars and certificates
Ngong into our custom house in lieu of gold
she fale Of about 5000 u weekly; they pass
ene into the treasury, and the certificates do
tNOut unless wanted simply as amedium for
transmission OF money from one section of the
slnay 10 the other How long we can SUCCESS
NJ continue the contest for gold with EurOpe
rihoE long the currency OF the country viii
zlltain itself under this fire in the rear, our
slned congressman should know as wen as
The sold-bearing territory OF Australia is Of
rnen,e extent rhat Of Victoria is estimated
aSQO square miles, of which about 1000
yne miles have been opened up to mining
Tentons. New South Wales is stated To pos,
salSGjO square miles, and Queensland 1900
slAr miles As in California, gold is found
Sh n quartz rock aud 'placers," some of the
asr being % extraordinary richness. About
he hundred nuggets have been picked up from
rne % TINE III Victoria averaging $40 ounces
athin weight Some of these have been of i'm.
nsl@ value, fur surprising any of those found
nlalllOTnia. six OF the largest produced si7,-
~ Sg62l sS?,525, s2LG60, $4,000 and SIS, 100
speelyely.. Some Of the quartz veins have
yea worked to depth of 1000 feet Like
" mines of California, those of Austria
are becoming less productive but the
sd Is still quite considerable. Two years af.
Y heir discoyery-that is in lSj3-they appear
Daaye reached their highest point of product
IitneS the yield being over S5S,0O00O0 Up 10
|Nend OF 1879 the value Of the gold obtained In
I@a Ous colonies has heennearly 81, 800, CO.. 90.
|.hfa, however, includes sl7O $3.50, 1913 l.3. from
|sT Zealand Victoria has been by far the
|rApoductve, the yield Of this colony b.ing
Ew@550OOl Next to California, Australia
Il mus seen 10 be the most productive of gold
|kGhg countries
& JIM LoNGYEAR writes to Chicago mining
/ gan, maintaining the statement that in 1851 the
~ mines OF Michigan alone were more protita.
n hau all Tue gold and silver mines of the
.Mu states. The published statements, he
I'm snow mat the gold and silver mines ofthe
.lel states paid dividends last year
E.9nnung to very nearly s7,5O0OOO Ac-
Esuas 70 the most trustworthy estimates
III pioh's OF the iron mines of Michigan during
w same time amounted To S, 10000 The capi.
" NcS OF he gold and silver mining compa.
!. ~ leClaflng the dividends of s7,5 0, 600. was
Nv. s-VNO 1000. The average dividend, there
Nv was only 81 per cent ON the capital stock.
4. ~ Wy capital stock of the iron mining compa.
.sW Alchigan amounted to about $40. 00O,0 900
'r:,,, Jug Their net earnings of $4,000
\. To lOper cent, of the capital stock. If
Y ltse figures may be accepted as correct, there
4 s%I ~ Np nom the conclusion that iron min
~ "a hichlgan isvery much more profitable
=, sohi ana mining in the whole coun-
W r,fhapS one reason Is that iron miuing Is
protected by tariff duties, while gold
sl,Net mining is not, and cannot, be so pro-
\ Y o.,. AND II is pertinent question whether
M Sgc i9lr TO protect the iron industry so that
=, llIsl invested In II may earn 10 per cent.
NJ snen capital invested In gold and silver
s,.,ag earns an average of less than per cent,
' uaals me tariff commission will furnish an
'-''e''o MS question-and perhaps II will not.
, sn fohk, May ae.-stocks fairly active and
s ,ns Money s. Exchange long. lsya: cx.
IA Ssg snort lSlS. State bonds fairly active
Ss,o,s. 'E ;ntt Government bonds Irregular,