The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-04-27
HyNCE AND COTTON
FINANCIAL ITEMS.

aa Of specie is still against US, Last
W. os;vad only 5000, and exported
liz In the eorres pouding week of
49, receipts were IS, 100000 and our
ran only $4,000 me rates rN;on g, iT moigi
Al0pr continue close 10 the shi p, Po,at
The financial Chronicle in discus
srhiset suggests in explanation That
sSg ,l.ss ge.n sold in London and covered
Ypck " he bankers have drawn demand
htfe su ,he n,oce ds, the price OF Amerl-
ks w, y, being relatively higher in
ca han here. As soon as there is
loaas. IN Iris respect II is probable that spe-
.niseueb,s will be resumed ,-.,--
De 50 " IN andise movement continues strongly
Them ~ and last week urimports reached
ii'en,easnSlng t,tal of sra 10000, or s, 5000
BE r saen fSr he same week of S5l, while the
De a' sere Il $50 600 larger lastyear than this.
upv, dste last wear our exports were only
w ss1, {,ss than our imports, whereas they
v w, nearly $50 0,00O below them. The run
m imam price for our staples mas Drought ABOUT
.,asnli. and AS the present STOCK Is not much
IN than sufficient LOT nome requi,ei,Sits, u
,,asieiIjfw we will see any Improvement IN this
.snsst until the new crop comes IN
,,,Ae rate continues as 1t has been during the
~, h,.e quarters of the fiscal year 'Sl-2 the
nr,sanal debt viii be cut down by July list sl52,
lau oD This is a comfortable showing beside
" s,se of The British eNchequer with deficit
w says, . COOOOl The average British income
g' m sources of revenue is about sis6, 900 100
w Annum; ours aOout s59tcVuV19. our aver
" !. saynenditures for all purposes, including in
.ssst IN The debt, foot up EGGS, 100000, leaving
syprage of s6G 600 900 10 be applied TO the ex-
,..GSn al the debt England spends for the con-
l.e.,ofgoyerpment and interest on her debt $685.,
" n more than we, and either finds herself in
XXI or with beggarly surplus of a few mil
Sns which sometimes sorely puzzles the ad-
sTistration TO so dispose OF 1t as not 10 do mis-
Apf Her cabinets have come to be so used
~Ss6cits in the budget that they don't know
iow "a provide means of depending surplus.
NJ should explain here that we have used the
hS,eS and outgoes of the two governments foe
isalsO as probable average, though the def
,estated Is that of the British treasury for this
bal year,
Nj ihe enormous British expend ture Is for the
arylng on of government for the s5,0O0,000
pOpe Of England, scotland, Wales and Ireland,
ae colonies generally being quite selt-support-
\, and in all events contributing more to the
avenues, directly and indirectly, than they
isw out.
;ag shrinkage Of produce exports from New
York continues, and Is growing even more
rArked from week to week Last week the ship
relts from that port were the lishtest thus far
nl year the total being but s., DO l39, against
bllljl for tne corresponding week of last
var The petroleum movement was moderate
iailhe shipments of breadstuhS, provisions,
rl cotton small Since January l the
Ml exports amount to s9i,lSiS7O, against
Nll666,315 the same time in 1881. A comparison
oiexpOrts and imports at the present time is of
special interest the latest reusns showing the
LITER TO be averaging about double the former.
In the one case there is an unusua ly light
movement and in the other an exceptionally
heavy one, creating balance that will have to
b settled some time further on
Sacramento Record Union: For nine years a
Sacramento mayor failed TO pay the interest on
hs city debt. A member of a banking firm in
hieiy taking advantage of the depreciation
ulsed by the failure to pay ilrerest bought
slBQoO Of city bonds at Is cents IN the dollar
The mayor, on some preteXt cashed $500 of
ndsbelonging to himself out of the treasury.
and the banker sold his bonds in Germany Mt 30 |
cents on the dollar. The net result of failure to
Ig the interest: $4,000 profit TO the mayor.
@WJproht to the banker and an increase of
sac Getty debt.
The POrImOuth IN. H. Chronicle says that rs
heeharer Of the First National bank of that
uy which was the first national bank estab.
l'ned IN the country, expires by Limitation of
uehw May |, and as congress has taken no
sE"uleS "HeIcDl tne DNuk coulu commune DuS-
ass by renewal Of the present franchise the
tietOrs have obtained charter under the ex-
sung national banking laws for a new
Mnk, TO take the place and business of
MSld bank, May !. with the same title and
Bonds TO the amount OF si,OOO.OO issued by
lsecly Of New Orleans in 1852. have been de.
sEel py The United States supreme court valid
'.,..a ana Inc municipal authorities are
FAcpal and interest.
DALLAS EXCHANGE AND COIN.
y " Bnying. Selling. Buying. Selling.
~, l. Ex' h@S paraN ST. Louis lt@H Par@4
ssI,eago.. h@%par@A n. o, .h@kParmI
srveson ParGA Houston. IL Par@a
, ,a all points y tox discount Sterling
NV Francs, sos 10. Marks, %.
Asacan halves. .t0cts. Mexican Quarters l5cts.