The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-07-11
FINANCIAL AND COTTON
FINANCIAL.


fur text Of the bill reported 70 uie SSn" ~
Y <m Inc finance committee by MT Aot l,u W
nce internal revenue tsHauoh y a. .sa.,,' 81
EFcTfoS l. That ON and a'ter the pasSsss y.
aat eycept as hereinafter proNlueu' wy
~ herein specified, imposed by the lnterhal
oenue laws now in force, be and the S"lle ny
preby repesled, namely; iSSes VI .a ,rneH,
IN taycs as are now due ana payable on anu
H. The LIST day of May, lS9S; the stamp YAK o5
ni- checks drafts, orders aud vouchers aho
IN tax on matches, petumery, meulStna. E,o-
~ rstiOns and other articles, imposed by sche,
Inn 4 rollowiuE section 3SI OF SAID revised
@sotnta nroyided' that no drawback shall be al,
<lnwed unon the articles embraced IN sald aEi,e
IN that shall be exported on ana amer May
n Sec That from and after the first day OF
rUay lSS3 dealers in leaf tobacco shau puS w,
In manufactured tobacco. shal, pa! - ~, "n
manufactured tobacco shall pay sG ma 'a'.l"S ,,
ais of cigars shall pay o., poddlers oil tob"ye9'
snur and cigars shall pay speeA' '"NeS' - ''''
i' 'PS first class as now deAAed by law
APed de s second class, shall pay SIS.
peddlcrs third class, shall pay s1:2u
X tpaddlers fourth class, shall pay S5,oO
x. Retsil dsnlertin leaf tobacco snail pay s@9O
solOo for each dollar on me s Sa,e az ss0O ~
Sac 4 That ON cigars, which snail De manu-
afactured and sold or removed ior cohaulhpi!Uou
and sale and after the LIST day OF Jahua,E toSS,
there shall be assessed ana cotecteu my .o.,VM
Ing taxes to be paid by tho mahui"c'u'o'
AI on nil cigars of all descriptions, made Of to-
hacco or any substitute therefor, 81 per 'hou-
M On cigarettes, weighing not more than three
:, polnds per thousand, 70 cents per thousand;
Non cigarettes weighing more than three
bounds per thousand, 81 per thousand
Hnr. ,,,nroontiIn ouonpy Of II &. DIM " Co.
(. has lust issued the table showing the numberof
failures in the United States ana Canada iot lhe
past three months. and for the first half OF the
Year 1889, as compared with the same peIi,oH III
4 jSsl, together with the amount OF naOlhues.
\ The failures in the United states for me Irss
half of 1882 were 3,697 as compared win .So2 ior
the first six months of 1881. The hablilues tor
the first half of the present year are s3Ouo3U0,
Is against so, 600 900 for same period IN 1851.
Tic following table shows, Tor series oil years
the number of failures IN each quarter -
WI First Quarter Second Quarter.
"a No Amount
# Fail Amount of No. of L.iabil
{ Years 'ures. Liabilities. Failures tues
H1S7S. ..855 SS2,O7S,slO 2,l70 sS,IjSglO
'1S7g.. 1924 43,ll2,665 l,53l p go 20
1ss9 AZ 213,3SSnld iY ,S5 q ia5 SSS
lsS2 2ig5 83,%3Sa7l l,i70 l7,g426ig
81 The report says although the failures eX.
hiblt Observation-Disclosures In number and
amount the figures reached are ye. so prop rodi
ground for apprehension. Judged by the con-
parisons which are possible with previous years,
\ both in number of casualties and In the sound
ness OF trade in propolton TO us extent when IN
3 In the main satisfactory. Thus in 1873 the
I failures for the first half of the year were 3, .
SIS with liabilities Of $3.50 000 00O-aIl increase OF
q per cent over the year previous. For the iirst
II half 1879 q. failures were iOtS, with liablll
Ties OF 81 OO0toi subsequently in 1850 and 1881
1.-THE failures I'LL Ia very moderate hgures, VIZ
III, 497 and q s6l respectively, but thiswas because
ssthe storm had spent itself ana because trade
x had become restricted to very narrow limits;
now, however the figures for the past hnli OF the
4 2presont year amount to S,S91.
NJ TIE value ofinports of foreign merchandise
/, In May was eos, iSl S29; tho value OF exports of
K domestic and foreign merchandise was Sl9,l1b -
4 Boz excess Of imports, or what tho financial
II wiseacres call the balance OF trade against us,
4 So 256,3.6 A Ike monthly excess continued
for yeGr would amount In alto about t23l,
n O0l 00O or to something like tho annual excess Of
Imports during recent years. During, the same
q ,month the cYpOrt OF gold exceeded the import
Ssby about els 10000 which was Is the rate OF
y $3.50 900 GEO Il year The financial wsencres are
" borrowing trouble about this drain OF gold
{ IT doesn't seem to have occurred to them that He
q distressing calamity overlook European coun
/. tricswhen We were draining the gold away. from
Y them ut an equal or greater rate. Iherc Is NC
need At all OF worrying about the balance:
Natural laws will take caro- OF that easily
enough. And besides, t is .ofno use TO worry
seeing that VIC cannot thereby alter the coursC
! OF trade.
IN SAYS the New York BurunI Tho latgones!
NJ of our current importatons suggests the ques
n tons what becomes Of the goods? DO they
1 so into consumption? or are they IN owe
"a supply and docs large surplus 90 into bonded
IA warehouse An answer Is furnished by q state
III nent furnished us by tho chief of the bureau o.
g statistics showing that the value OF goods II
III United States warehouses on tho 3lst OF May
N 1852, was SIS OBJ 900 This Is about $40, 0Ot
4 more than the amount In bond on the LIST o
u MarClE which may be IN n large Measure due I,
tho fact that goods destined for the fall trade art
d now accommodating In bond IN order to postpon,
n the payment of tho duty until the seasons tradl
sets In. The amount however, Is not large rcla
4 lively,
On the Slst ~ May last year-when the i'm
ports were ranging 20 per cont below their pres
q cnt volume the amount In bond was S5,ltO00
q above the value at the same date this year aut
3 ut the end OF May. 1850 the amount was SIS, 100,
q coo more than this year, Notwithstanding
therefore the largcucss OF the imports, the relR
y lively small amount of goods in warehouse
x shows that they are not in excess of the curren
wants of consumption. This conclusion !
Y against the probability OF any carly reduction o
& the importGtions; Il even leaves room for tn
possibility that in tho event Of good harves
Il aud large exports of cereals, the present meas
II ure OF our importatiouS might be exceeded dur
N ing the next few months.
DALLAS EXCHANGE AND COIN.
Il n. Y buying. Selling. Buying. Selling
Chic, Elk, h@Spar@s 81 Louis h@% Para
n Chicago. h@%PG@A n. o. h@%pGe
n Galveston y PnrmA iousOnS Par9
Exchange, al points XtoSdisoount sterlm
Sight g. 5, Francs, 59S 10 Marke, %,
Traie Il ollars. 80 eta Mexican ollNrs, IS
n Meginan hal Ives. i0cts ! Mexican Guart5r5