The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-04-15
FINANCE AND COTTON.
FINANCIAL.

TuE debt statement for March shows a de-
.,sase of debt less cash in the treasury of sl6.-
sss el6 during March From comparison with |
he February statement II appears that the de. ,
rrease in continued per cents outstanding and
hsaring interest was sl9.572,900. There was,
however, an increase of s2,6lS0O0 In the debt on
which interest has ceased since maturity, which
secounts for most of the difference between the
Secrease in the continued 6's still bearing inter-
al and the decrease in debt less cash In the
treasury other changes In the form of the
debt during the month We're unimportant. Tho
decrease of the debt during the fiscal year to the
end OF March was slli So 49, or at tho average
nate of about sl2,600OO per month.
should the decrease continue at
he same average rate during the re-
naming three months the total decrease for the
wear would be about si52, iO0, 600 Although i'll.
icrest to the amount of nearly sil,ooo,ooo will
al due within the three months, and although
certain internal taxes will probably be repealed,
there is not much reason to doubt that the
average rate of debt, payment will be main
,alned during the remainder of The year
A comparison of statements of liabilities and
sssets shows, on the liability side of tho account
adecrease of S., 1000 D in round figures in treas
rrer's transfer cheeks and drafts outstanding, an
increase of 81, $780, 900 in interest due and unpaid
and Of g, 70O, 900 in matured bonds and interest
and a decrease of $500 in outstanding silver
certificates. and of S5.100t00 In available bal
ancO, It GLIDING bullion fund. On the other side
an Increase of ST. t,0p In gold bullion on hand
Of more than $1,000 coo in silver dollars and
500, 200 in silver certificates aud decrease of
about $40 100 in United States and national
bank notes, and deposits held by national bank
repositories The fact of principal Importance
is the increase of silver dollars and silver GER
uhcates in the treasury, which was nearly fifty
per cent. greater than the coinage during March.
A coRREsroNpENT of the Chicago Times, writ
Ing from New York finds among the representa-
tive men in financial and commercial circles
disposition 10 attach great weight to the recent
utterances of Abram 5, Hewitt on the omnous
signs of the times in the business world.
The prospects are that good deal of
coin and bullion will be exported be.
notice with uneasincss that the balance of trade
against us is running up with uncomfortable
rapidity. 1t is believed that the only thing
which can Obviate a heavy expectation Of coin
will be poor crops in Europe and heavy crops
here. The foreign trade figures of this port ut
present are anything but satisfactory. For the
week ending Saturday, the imports of foreign
merchandise reached Slopes 429, of which up.
ward of s. $50, 600 were dry goods such as silks,
satns vevetS, laces, etc. The imports for the
first three months this year were sl25 666, Ss6,
against 81 g0lO9S2 in the corresponding period
last year, an increase of about 10 per cent Dur
ing the same period our exports fell oil Sl4,N6.
l0i, or l6 per. cent. Last week these exports
amounted TO but S5,sl7, i25, and from present in
dcatons the exports will be equally inSig-
nifcant comparatively speaking \ good many
people here think that il does not require pro-
found knowledge of economics to discover that
such facts as these point Enthusiastically to break
eS ahead.
Mr. CHARLES A. MISToS expresses, in the
financial columns of the Herald, very lucid
views regarding the future of the railroad bond
market: Leaving Vanderbilt, Gould, Sage,
t.1.l 9
question: there does appear 10 he some rca
reason why certain bonds and stocks listed upon
the Stock Exchange Should In the near future
advance upon their own merits. Within the
next three months some s6O0O0000, 10 BIO dis
buTsed by the United States treasury. will bt
seeking investment. Government bonds are toe
high to buv, real estate Is precarious investment
and railr nd stocks are not allowable rs u depos
TORY for trust funds. Where this great sum o
money is TO he safely and surely invested in or
der to produce Il living interest Is already per
picking its owners. Until permanently placed
one portion of 1t will undoubtedly be loaned 4
the, street under the pledge of stock collat
erals. the other and far greater portion vii
seek the best investment that oilers. Thii
would seem 10 be In the better class of rnilrOa,
bonds-nOt those that are already as high an,
as good as governments but those that hav
fairly paid their interest in the past aud anor'
good evidence that they may be relied upon L
pay II regularly In the future, While thes
bonds are not as good as gold and suffer some
what from the slur of speculation, they seem Z
be about the best and cheapest properties 70
sale Mt present, and are likely therefore, TO in
vlte the first attention Of investors"
THE following is the monthly summary Of tn
imports of foreign dry goods at New York 70
the month of March they have been sll, 597 G7s
against 035 the same month last yeal
sl2,2SS, $50 for the same month in 1882, and S.
dl35g2 the corresponding March In 1879 For III
three months of the calendar year ended wit
March the total imports have been so, 52s, 10,
against 81 l92, $40 for the same period last yeal
s3SGi,So6 for the same time In 1887 and s27
1901 for the corresponding. period 4
1879 For the nine months Of The iscJ
year the total imporations reach the larg
nguros Of SOS GiI9il against $50 6Ss 55S last yea
ss1632, SS2 the same time In 1850. and SOL 23i, 81
the corresponding period In 1879. The tott
merchandise thrown on the market during tn
three months amount to sil, l0G,27l, or SlU6 q
more than the imports, The increase is generi
in all classes of goods, but more particularly |
cottons and silks, and Is sufficiently large TO n
tract attention.
plus of exchange ON Berlin, drew German gol
therefor, to the extent of $1,000 900 In. Unite
states money, and shipped the same TO ii
Bank of France the National Bank OF Belgiw
bearing all the expenses of carriage, whiC
amounted To $1,000 In United States money, m
received from the Bank of France ~, 900
silver iivc.franc pieces. 1t appears that the NJ
tional Bank of Belgium makes no difference
is bank statements between gold and silver flv
franc pieces, and being short of the latter M
not wishing TO encourage gold Withdrawals CAV
us above, the benefit of the German gold to Il
Bank OF France aud took from the latter n sim
lar amount In Silver hvc-iranc pieces beside
paying all the charges
DALLAS EXCHANGE AND COIN
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