The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-02-01
FINANCE AND COMMERCE.
FINANCIAL.
FINANCIAL NOTES.

Five new national banks were organized
| last week.
During the two fiscal years ending June
80, 1881, the Carson mint made profit o.
| S2Si 637 50 on the coinage of silver.
The thirty-nine savings banks of Rhode
Island hold $46,77l,7 23 an increase Of
S2,0OO,OJO in year. There are 102, 99l de-
| positors.
No application has been made to test the
western Union on the London stock ex-
| change. The earnings of the company in.
creased Sal 600 last week
The increase of the taxable value of all
property in Alabama, for the year 1881, was
sig 900 over that of the preceding year.
The total Indebtedness OF the State OF
Alabama, as shown by the late report OF
| Auditor Carmichael, is 50, Ill 800.
1t is stated that the Menomince mining
company will divide 81 ,200, 600 as the prof
| its of its business last year. The company
produced 5ll 900 tons OF ore at net profit
OF over So per ton.
Gold in the Bank of France since last re-
port increased II ,323 900 francs, and silver
1882, 600 francs.
The Michigan state treasury held bal
ance, since January Dist, of 81 1893, 43S GA, OF
which S509,OOO belong to the sinking fund,
S6Ol ,236.T are held in the trust funds, and
F''' 1-'''F' oiN iOl BOlltIul Hul-
poses.
Mr.. Mulhall, of the Statistical society OF
London, estimates the amount earned by
commerce, manufactures, mining, agreul-
ture, carrying and banking in Europe in
1851 at u ,eSS, 100000, showing an increase
for Great Britain of 1887 900 900, against
Gl,2lS, 900, 900 for the rest of Europe.
The treasury department disbursed for
interest during the current month $685.
600 and S2425,0O0 in redemption bonds.
There are 100000 standard silver dol
lars in the treasury, and S52, 000, 000in silver
certificates outstanding.
Treasure receipts per Wells, Fargo e. Co. s
express for the year 1881 are given at $i1,-
SIS, 100, against $ll $3.50 in 1880. The de-
scriptions Tor the past year are given as fol-
lows; Silver bullion, $l3,s22 ,054; gold dust
and bars, $40, S4S, S2l; coin, $l7 ,4O6,934
Mr.. George introduced a bill in congress
to encourage agriculture and manufactures.
1t proposes to repeal all duties and imports
now laid on machinery for the manufacture
of cotton or woolen goods or goods COM
posed OF hemp or iutc; also on all tools OF
mechanics which are used solely in manual
labor; also on all agricultural implements
and on all iron cotton ties.
The bourse in Geneva is deeply impli.
Gated in the Paris crisis, and panic pre-
walls. Several failures have occurred One
banking firm lost 100000 francs. The
losses of promscuous spectators aggregate
an enormous amount.
There are eighty mining districts, en-
hraclng five million acres, in Utah, and
mineral has been found in every county.
Mining was begun in 1870, and since that
time the territory has produced SOS, 600 900
in gold, silver and lead
The secretary Of the navy rnpnrtS ibn
equipment of sixty-nine vessels during the
year. coaling station was established on
one of the Samoan islands, at cost sf $40
900. There are SS5 enlisted men in the
marine corps The chief OF the bureau of
ordnance says the most pressing question
OF naval armament is the manufacture of
suitable high-powered cannon.
a statement, showing sales of real estate
in Wisconsin for the year ending August
81, 1881, as required by section 1907, re-
vised statutes, has been prepared in the
secretary Of states office. This statement
shows that |, 266, $50 acres of land have been
sold in the state. The consideration given
for this land, as shown by the deeds, was
Sl5,640, l2i6O The average paid per acre
was $l2.35. The assessed valuation of this
land was 50, 1853, 7l.9i
An examination of the finance reports
during the time when business prosperity
has added so enormously to the revenues OF
the government shows that it has been inn
possible for secretaries TO gauge future re-
ceipts. The following table will show the
truth of this statements
Year. Estimate, Rcccipt.
lSIS,,...u,.,. .".,, $3.50, $50 600 S273, SCI lsi
1850 ACKNOWLEDGEMENTS, 26i,5 0.0e Gil
1851. .,,",..........,. $4,000, 900 5sL7s2, 2o3
The United States treasury now holds
the following bonds to secure bank circula-
ton: Currency 6's, S3,536,0U0: SIS, Sl44 900.
AS, 49,, 2l6,650 As, 500, 1876, 900; SIs, 1913
26235o; total S372, 355,650 Yesterday
quotations for government bonds ranged as
follows;
Matured Rid. Asked.
United States IS ...,...,..,l007 lis llS2.s
united states ths,,,,....,,.1Nl lltl-2 ll47-s
United States avs, eN Us. 1881 l0Ol-a lOl
United states 3}s's, OK, 5's. 1881 1925 le2 "a
District Of Columbia 3.6js. 1924 l06 "a los
The following is statement of tho de.
crcase in the public debt for the year ended
December 81, 1881.
Decrease In primo pl int hearing debt s2o 100 500
Decrease In intrcst accr'd and unpaid 6OS0 $50
Total decrease ,.,.,..,,, ..,..... sl26, 7sO,559
Less increase In debt bearing no in.
terest. ,;.,,:.,...;.,.;....,.....s 2tls49ll
Increase In debt on which interest has
ceased ACKNOWLEDGEMENTS. 4ss7O
Total increase ....,,....,.,.,......s 2tl7S7sl
Nctdccrcssc In principal and nt'rcst slos al III
Increase cash in treasury, ...,,.... a OLA oii