The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-07-07
FINANCIAL AND COTTON
FINANCIAL

FlNANUlAL AMI OUl1UN
FINANCIAL.
WASHINGTON, July 1.-The following state.
ment shows the condition of the treasury at the
close of business Friday evening:
| Extended skies ....-.'''.'-.....''', .HYatlol
extended ives ...,..,,..,....... i0l, sos 9 0
| -Four and half per cents ........,.. 250tO000
| Refnnling certificates. 49,. .......,. 465O5O
Navy palsion fund, lLoO0,OJv
Total with interest ........... e. el,l6& SO, 400
Maured debt ,.......,.....,,.. ...... lG2dhsO5
| Legal tender notes ...... s%fG7t0.7ll
Certificates of deposit, Is $1,000
| Gold aud silver cerf...,. 1llSiSD
Fractional currency .,,.. hOiI251
Total without interest...........S 4SS9il, 7SS
Total ,9ls 5l2g.A
Cash in treasury, ,..,....,........, 2i&2S9 80
Debt less cash in the treasury see. 81, GSS 9l4 100
Decrease during Juue .... .....,... 1860 696
Decrease since June 80, SSl .,..... 15hs>lS5l
Current liabilities, interest due and
nieb on which interest has ceased IL % sos
Interest thereof .,......... .,..,.,.. 535 2il
cold and silver certificates .....,.. 7l,l33 so
L. 5 notes held Tor redemption of
certificates of deposit ..,......,... $4,000
Cash balance available July ], 1852 1'06JtiG
Total seR2S95ls
Available assets, cash in treasury. 5l9
Bonds issued to Pacific railway
companies interest payable in
NEUTRALITY-SUSPICIOUS.. GL6235l7
Inteiest accrued aud not yet paid. lg3S,7uj
Interest paid by United States zoe, 5S,lO595
,sporation service 49, ll22n63
cls.,asss -, ......,.' - G5519S
GuinlpS of interest pGil by the
United States ....,...,.'..,.,..... 37,53OOSj
THE following are the views Of the Agcotstcel
on markets for manufa lures
In view Of the fact that great manufacturing
interests are building up In nations which have
heretofore been almost exclusively devoted to
agriculture there is Il feeling of inqueiudo
among many people in older manufacturing
countries lest their foreign markets should be
lost and cOngumitnnt decline in manufacturing
should result, In England, perhaps more than
any other country this fear Is honestly enter
taned ana the British Trade Journal, in view of
the supposed importance Of the matter feels cali
cd on to devote considerable space 10 an article
showing the idlcucss of the fear ANA the improb-
ability of Il result 80 dreaded.
In this country there are few manufacturing
interests that would he affected, even were our
foreign markets closed against us and, as con-
sequence we are not in so unhappy a state OF
perturbation rs our trans Alahue Drelnfen'
The day is rapidly approaching, how.
ever, when, for our own peace and
profit, it will lie necessary for us
to enter into active competition with other ma.
tons in other than home markets The Unied
States is destined to become to the American
continent what England IS to her colonies and
Europe-"the workshop" Mexico, Central
America Columbia Venezuela, the West Indies
and Brazil are legtimateiy and naturally our
fields for barter aud traffic, as the future will in
dictate. SON %! these countries are bountiGlly
supplied by nature with raw materials for man
ufscturing. but, on account of climatic draw
hopls nd Vat IIrN III cd In Inn
they are permanently deharrcd from all manu-.
featuring Importance. 1t is 10 be expected that
before these fields are won sharp competition
with foreign nations will result. but the supe-
peiority OF American goods and our proximity
to the fields will be advantages which cannot be
wthStOod. In these profitable fields we viii
never be ,hsrrassed by the fear that is distress
ing our friends across the deep blue sea y
THE New York Shipping List remarks In
speaking of this subject
The cause of the present serious labor strikes
in various parts uf the country-which is widely
felt among people who do not feel that they
can re- ease themselves from it by II revOlt-lies
upon the suriHce. It's, ina word, the increased
cost "t living represented In the higher prices
OF mos, Ot toe ARTICLES of domestic production
anl consumption. When the workinglnan finds
that he wage which he is paid viii not go far
by Twelve or ilitecn per cent. in buying the
neccsssries Of life as they did II year or two ago
itdoes not lake him long 10 perceive that the
elect upon him is the same as If his wages had
bdcn cut down by so much and if he strikes
Tor an advance of pay 1t Is that he may
thereby equaiac this difference against
him. But because he is worse
in the cost of living, it does not follow that hi.
employer is better on, and able CouScqusntly
to pay him higher wages. 1t would be well
that he should look with some care into the
matter, and see whether IL may not be that the
pressure which he feels is not felt by his EN-
ployer also, coupled perhaps, with some extra