The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-07-18
FINANCIAL AND COTTON
a FINANCIAL.

rru secretary of the treasury, on the 18th,
,ssned A circular addressed TO all holders Of 81
nor cent continued bonds, in which, after quot
lne seclon IL Of the bank charter act approved
,hss ISth instant authorizing the issue OF 8 per
cont bonds in exchange Tor l-2l, he says
,Iinder the provisions Of this law the depart
rnent will be prepared to receive ON and after
he list day Of August next at l0s. M, until fur
ther notice any bonds issued under the act of
March 8 1868, and per centum bonds issued
nnder the acts OF July "a, 1870 and January 20.
ISL, continued as stated above, 10 bear interest
atSl.2 per cent. per annum which have not
been called for payment by call therefor issued
prior to the date hereof and as early as prac-
ticable thereafter will issue in exchange there
Tor like amount of United States registered
bonds bearing interest at the tate of 3 per
eentum per annum. as provided by the act
approved July u, 1882, 10 effect the change
bonds should be surrendered to the secre-
tary Of the treasury in accordance with
Inc terms Of this circular They will
then be accepted for that purpose In order to
surrender them 10 him. and new bonds bearing
interest at the rate of 3 per cent per annum will
be issued in the same order in lieu thereof. A
letter Of transmiltal should accompany each
package Of bonds for exchange, setting forth the
purpose for which they are forwarded and Civ
Ing the address to which new bonds and checks
for interest thereon shall be sent. When bonds
are already in the custody Of this department or
any officer thereof, or are transmitted otherwise
than with letter a letter advising of the proposed
requisites for letter transmittal and with such
other acquisitions as the case demands, under
the regulation prescribed by this circular. Sur
render may be made by mail or by express and
not otherwise, beginning on the LIST day Of Au,
gust next at 10 II. m. lfmade by mail, the post
master should stamp or otherwise mark upon
the envelope containing the bonds or the letter
advising the surrender the day, hour and minute
at which received by him, If made
By Eon,o express lilo the express agen
mark the envelope. Bonds held by the treasurer
of the United States in trust for national banks
may be surrendered by letter addressed to the
secretary of the treasury accompanied by thu
treasurer receipts, representing the bonds, to
gether with the resolution of the board of direc
tors of the bank authorizing the treasurer to as
sign the bonds. Interest on bonds surrendered
VIII cease the LIST day of August next and th(
new bonds will bear interest from that date
Envelopes should be addressed to the secretary
of the treasury, division of loans, Washington
d. C., aud marked Bonds for exchange into
per cents Bonds should be assigned 10 th(
secretary of the treasury, for exchange into
per cent, bonds Where new bond is desired
in the name of any one but the payee of the ole
bond, the old bond should be assigned to tn,
secretary of the treasury for exchange into Il
per centum bond, in the name,-(heie insert the
name of the person in whose favor the bond II
to be issued.) The department will pay no ex
pense of transportation on bonds received unde
the provisions of this circular"
REFERRING to an interesting article by NJ
Paul Leroy Beauleu on the influx of gold int
France this year. the London Times says: 9TH,
most important point to which he draws atten
ton is the fact that the enormous increase in tn,
gold RESI- rye fund in the Bank of France Is duC
chiefly, il not wholly, To importati0ns iron
abroad, and not to drafts on the internal circula
ton. lie gives the following figures which w
have placed IN tabular form, showing the golC
impoyts and exports of France during the frs
four months Of 1850, 1851 and 1882 I'm hundred
Of thousands francs, 900 0 omitted:
Excess Exces
of of
Imports. Exports. imports exports
lSS0..."... 70a 700 SO. Q,
lSsl...... $50 $50 80 =,
1852. ....... 1850 400 1921 %.
NJ. Leroy-Beaulicu ttteTs word of warnln
to those who expect that the remarkable move
ment which has occurred this year will con
tinue. As he observes, il has arisen out of IN
peculiar condition Of the trade of the Unite
States with Europe, which has necessitated tn
export from America of large quantities of spC
Gle, Just asa few years back different condition
of trade caused II great flow of gold to III
United States The latter condition may yer
we'll recur, il is needless to say"
DALLAS EXCHANGE AND CoIE.
4. Y Buying, Selling. Buying SELLING
Chic. Elk. h@kPar9k 81. Louis h@N Para
Chicago. .h@&Par@k N. .H@&ParG.
Galveston y Par@A Houston..h Par@o
Exchange, all points < toN discount Sterlin
Sight "a rs Francs, 5@5 10 Marks, 25.
Trade dollars. Scots. Mexican dollars. e
Mexican halves. ,AOcts. ! Mexican quartz RS