The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-03-02
FINANCE AND COMMERCE.
pISANCtAL.

TISANCiAL
RrppEsryrArIyE CARLISLE estimates ihal
by his internal revenue bill ON lhe uasls W
last years business, there VIII ue Io"u.'
tion of about S27 10000 no allowance pt-
ING made for any increase OF prouucIQh'
The friends OF the tariff commission clalih
that the revenue can be reduced inuch
more than that amount. Mr. 'ahuau DC,
lieyes that taxation can be saItlY Ihheh on
10 the amount of S1OblO,uVV Inc revenue
reformcrs wish o reduce part OF the reve'
80. frn,, The customs duties, although
thrv do NOT admit that a decrease IN the
ratS If duties will be followed by decrease
in revenue. The tobacco .lnterests are not
very DESTROYS of changes in the present
scale unless the whole tax can be swept
away; but they see that Is Impossible, anu
that being the case, many OF them prefer
10 let the law remain as it is until they can
secure all they want at once, rs they say
tbatamerc change in the tax disturbs busl-
ness without substantially beneltingl II, ana
that they can better afford to pay the pres
emf tax than to submit to fluctuations
caused by tampering with the statutes.
A delegation of hoop iron manufacturers
held conference with the republican mem
hers of the ways and means committee, at
the Ebbitt house, on the 2lSt. The delega-
ton came here to see that the Mckinley
bill be promptly reported to the house by
the committee on ways and means ana
passed. The visitors felt quite confident
that their influence would be sufficient to
accomplish their purpose, but the gentle
men on the committee gave them to under
stand very emphatically that to push the
Mckinley bill at this time would be sui
cidal.
The members of the committee explained
that the tariff commission bill would be
taken up in the hoQse next Tuesday, and
its fate be decided before any action would
be taken in the Mckinley bill.
1t is understood that the delegation Will
endeavor to have introduced in the house
and reported from the committee on ways
and means single bill fixing tie duty on
cotton ties at II cents a pound. There is no
Likelihood, however, that any such bill will
be reported by the committee, for the
reason that it would be instantly loaded
down with riders of every description and
defeated.
The total shipments of gold and silver
coin and bullion and currency from San
Francisco for the year 1tSl, through regu-
lar mercantile channels, were as follows ;
Hong Kong, So, us, Col; Yokohama, 81 425,-
S5l; England, 1900; Germany, SCI 100;
Central America, $25l, CSS; Hawaii islands,
$l30, lS6; Mexico, $1,000; Apia, SICOO; Pa
mama, 5,095; New York, SG,2B,5l9; total,
$l1 ,S73, $50. The descriptions embraced in
the foregoing total are as follows: Silver
bars, So $50 $50; gold coin, $5,l593l6; Eng
fish sovereigns, $1,000; American silver
coin, SlS3, 252; Mexican dollars, $22lO, 459;
South American silver coin, 81 800; gold
dust, $33 500; currency, S424,2G3; total,
S11 ,S73 $50, This is the smallest amount OF
specie shipped abroad from San Francisco
for many years. China and Japan took
most of the fine silver and Mexican dollars,
all of the gold dust, and some of the gold
coin. New York took most Of the gold
coin, some of the fine silver and silver coin,
and all the currency.
Mr.. Kasson had a short conference with
Mr.. Carlisle and Mr.. Morrison on the sub
ject of calling up the tariff commission bill.
Owing to unforeseen demands upon the
time of the house, the bill cannot be
reached, as was expected, on Wednes-
day. Mr.. Kasson has now given
notice to Messrs. Morrison and Carlisle,
who will lead the .opposition to the meas
ure, that he will max an effort to call up
the bill next wosE, Tuesday. He was told
that there would benz g.ID. ton TO the con-
sideratiou OF tho oIaaAJ az. iime he might
choOsg .D call +. up, but o. reasonable time
TO- de5a.s would be ins-, - a". This he
The saaul.li1 listed on .la I0Adon stock
ezchaug classified ilat fol. which is given
in r,gg..u. number Of ne London Econ
omist=-auglU. ~ the Dewilderlng sum Of
S2s, lt5.' $50. Commenting thereon, the
Econ bm,sl says: The London stock ex.
, Chanre, indeed, covers an enormous field
1t mus not, however, be supposed that all
Taking the largest item on the list-foreign
stocks with dividends payable abroad
e. 20O, 351 347 ($l1 ,O0l, 757, 235)-it is, prob
able that scarcely more than one-twentieth
of that vast sum is in the hands of British
investors while from other foreign stocks,
foreign railways colonial and foreign banks,
ETC., large deductions must be made, and it
has recently been estimated that somewhere
about G3, 500 0C0 (Sl7, 500, 100000 covers
the amount OF such securities at present
owned in the United Kingdom.
There has been slight increase in the
production OF both gold and silver
during the year 1881, over the previous
year. .,
until within the past few years never been
practically and scientifically worked in
California, and now only to a limited ex-
tent, Statistics prove that from the discov-
eryJof gold in California until the present
? money invested. The total bold yield in
the state for 1850 was l7,7j0,OOO, of which
the hydraulic mines gave $l3,OOO,O0O. For
the wear lust ended the product from all
sources will not exceed 100000, the n.y.
draulic output being reduced TO Sll 600 900.
Chicago is taking rapid strides in the di-
rection Of becoming a bullion market.
of bullion from Montana, were shipped from
Ogden to that city. a large amount is also
regularly shipped from Utah, from the
Horn silver mine, TO be separated at the re-
finery there. During the past year 1881,
$50 in silver were shipped from san Fran
cisco to that city, the larger part Of which
was from Mexico.
The Times-Paris dispatch SAYS: a credit
mobilier with a capital Of hundred million
francs styled the Omnium Francois, is be-
ing formed to buy stock and shares at
present prices. The seven directors repre-
sent leading financial establishments.
There are now before the house committee
on printing propositions, in the form OF
resolutions, etc, Tor printing which aggre-
gate upward Of s3OCO,OJJ. The proposition
To print $4,000 copies of the Medical and
Surgical History OF the War" would alone
cost 81 ,0l7 800.
The bullion shipments from BOdie, Cali
iiornia during the year just closed were the
largest Of any year since the revival Of the
district. They amounted TO the sum OF
s3173OO0
The National hank Of Mexico has 5000
600 capital, OF which is shown S3,3y0,O0
actual cash on hand.
Twenty men Of New York city. together,
are worth SGgO.OOO,OOO.
-.s.
COMMERCIAL
DALLAS. February PIT j. generally
.,0.coN.H tI.f na1faa Il uurr and u-i1 alr-rr-s