The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-10-12
FINANCIAL AND COTTON


THE New York Times says Of the gold cerili'
ates, the issue OF which began this week
Few, II any, doubts exist that the public
will quickly accept them, gladly PAYING over 10
the treasury department coin for the exchange
There Is likely, however to be one exception 70
the rule. The associated banks keep Tor thelr
own purposes a large amount OF gold IN special |
deposit with the Bank OF America where most |
OF tho gold Is packed for shipment nbtoad |
This gold, generally aggregatinB over 65OOOo'- |
coo, Is represented by certificates Issued by me
Bank of America For reasons involved IN the
policy of the clearing. house management there
is little likelihood that this gold viii be trans
ferred to the government in exchange ior new
certificates, or, at least not lmmedia'eg, , 1n one
of these reasons is 70 be found in the iact that
the Bank of America eertincates are ADsolulcy
valueless to any holder not member OF the
Clearing. bouse association, while me govern
ment gold certificates are negotiable every
where and worth their fare value to any
holder. -,,oo.... ,,.,,,
simplify business transactions. Using them
payments can be made more readily more safely
and more satisfactorily in many ways than by
the use Of coin.
hands even within the narrow bounds of the
Wall street district, is enormous beyond any
idea Of the average man. Inc last annual re-
horse association, showed that within the
twelve months covered by his review 500, OO0 ,VO
in gold coin was taken through the streets OF the
city to meet the requirements of the three-score
banks included in this association. This s3Io,-
COO coo weighed over CSC TONS coming from the
sub-treasury TO the clearine-h house on balances.
OF course these balances vary from day TO day.
During the administration of Assistant Urea
surer Acton. the largest debit noted for any day
was on July 3 last when over - TOO wv went
out Prior to the appointment of MIR. Acton the
balance on one occasion reached over Us, OOUOVU,
and to pay it seventeen tons OF gold had ID be
taken from the sub-treasury vaults and passed
over to the clearinghouse AUTHORIZES lot
proper distribution among the creditor banks
Not the least interesting feature Of this immense
daily transfer of gold under the direction OF the
Clearing house association Is the fact that each
and every dollar of the millions is carried
through the streets and delivered by one man,
or rather By one man and his assistants.
FINANCIAL ITEMS
Nevada postmasters have been instructed to
receive pennies in pay for postage stamps; .
Vermont has sixteen savings banks ana AZ, 0S3
depositors with sls 675, 260. II to their credit,
Internal revenue collections for the month of
September in Nebraska were ISL, 973 81.
Over 400 mines, including silver copper, and
other minerals, are being worked in North Car
DINA
the Paris mint number of silver and copper
coins, of the total value of over E1200O0. These
pieces are to bear the efgy OF King George L.
and with this object a photograph of his maJes-
ty has been sent with the order.
Last month coinage at the mint in Phladel-
phia was valued at 6l2, and consisted OF
634S,9O0 pieces, of which 222,59O were eagles,
5000 dollars leo half-dollars, 100 quarter dollars
800 100 dimes 800 5-cent pieces, 800 Scent
pieces. and !, 250SOO cents: total s263O,OOO in
gold, $1,000. 1856 in silver, and slO1,427 IN base
metal. -, :.
road receipts continue so large and that there is
every promise of profitable winters business,
the tonnage in sight being large, ana II being
gers is to keep up profitable rates. the large
foreign buying of our stocks is also favorable 10
firm prices"
stock exchange to list sl,950,0OD first mortgage
bonds, and 81, 100000 stock of the Fort Worth ~
Denver City road.
during the month of September last was S5,Ol1,-
1873, as against S.. 090e for September ISL an
increase for the past month OF sl,9GO,5.5; Ihe
amount redeemed for the quarter ended sep
TENDER 80 1882, was Sl6,650 1856, as against Sl2,
179, 200 for the same period in 1881, an increase
for the quarter just ended of s',lSO.0SO;
1t Is stated that the late change in the STOCK
market have been with three objects IN view
First the acquisition of the control OF the Metro
politan stock by Gould second, the estapnsn,
& Ohio and the Louisville d Nashville throagh
Huntingtons influence in the management o.
the latter company; third the aolnsuinaent OF
the relations between the Union Pacific ana
Central Pacific on basis more favorable TO the
Central Pacific company.
The statement of the business transacted az
the United States assay office at New 1ork, ior
September, shows gold deposits OF 81 OOO, OF
which the chief items were sl62, GOO IN foreign
coin and bullion and s76So0o in United states
silver deposits amounted to $500, COZ, OF which
$40 800 was foreign bullion and coin, ana the re-
mainder chiefly from mining districts, IN which
Utah leads with $4,000; Montana second, with
5000: Colorado third, with $4,000.
Columbia and Venezuela alone now have q
foreign trade of eos 900 coo and the five states OF
Central America s3l. COZ 900. OF this the United
States are credited as follows: Trade. with Ven.
ezuela 10000 00G trade with the United states
of Columbia. $4,000 900; trade with Central
America, IS, OO0 OOO-making total of s27 OOJ,-
600.
Seyenty-ive millions Of dollars OF this trade
finds its way to Europe and, remarkable IA II
may appear, passes through the United States
in transit
York during the week ending September %
were $500 $50; consisting Of s3l5,5sl in gold and
$S3 $50 in silver, against total OF sl,0ol 92o
for the week ending october last year. the I'M
portatons since the list OF January and since
the list of August compare as follows with the
movement during the corresponding period last
year; a.. r..,
1881 siiiee sou. s lOszs53 s2OOOs6s s 3,Os2 72l
/. 1881. A275,13l 2ls36lO 46'i5S7'l
1850 AiLs42 5l2GJ0 9S7, 1872