The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-10-19
FINANCIAL AND COTTON
FINANCIAL.


!, an article on mining the Interior reuar Ks
u, iiyiufstone and Stanley make mention In
~, ,ep0rts Of explorations in Africa OF the ex-
.snee Of the precious metals in great quaint
y. ma s,a,isticians place the product of gold In
frca since lA9e at u. OlpoOW The produo-
IN al gold In the Ural mountains. in Russia
,hcnsh not practically developed until lSlO
N nof exceed $50 900 up 10 lSl6 1850 il had
nss,sssed to 100000. In 1880 the Siberian gold
us,ss we're discovered. In 1888 the production
~ slSeO0Oa, but now they reach but SIS, OOO,.
~ nrsent tine Is $50 90, 900, The total out.
Xxi ali the gold mines Of Europe since their
.,iesl workings up to the present time is 81
lTbOOJ. The Australian gold mines were
.oyered in 1851; In 1883 they reached their
sSest output amounting to SIS, 900 600: in 1879
loaehed It's lowest point the product that
IN being only 7jS9N ounces Australian
MI averages within ~ cents of so per
saee. Taking that sum ACKNOWLEDGEMENT cal
ssiion, we find the yield i'll that year SIS, l7S,-
M The total production of the United States
That year was SIS, 9O1,l00 gold and SO Sl2, 900
I,lyer. The gold product of this country in
hatyear was In excess OF Australia s. $50 GOO and
sfihe gold produced in that year in this coun-
wCaliiOrpia furnished Sacooco), Since 1879
|Hsre has b m slight decrease in 0urgold pro
Ind Thel cid of the Victoria mines from lS70
ISL incli,iye, may be of interest. In 1870 the
|swJucl was sai,455,9d0 ISL, sl7l09, $40; 1872
sS S0 49G 1873 s2iS2i6S0 1874, s2S l0i 40 1875,
40 1879: j,l60,O9i; 1850 sl6,26l $50 1851,
| iS4l a6O-making an aggregate OF l2,S40,572
cunces in gold for the twelve years, aud
srrreEting at so 10 the ounce, the
sum Of S2i6,Sll,4i0, The production las, year
year was 81, $4,000 more than In 1871 The total
.mount produced by Australia from 1861 to 1882,
/ NN 10000 The New Zealand mines were dis
Covered in ISL, and their annual product at the
present time is ST. 0OO 0O0 and their total product
| he t00OO0. The total product of Asia, inelud-
M Australia and New Zealand, from the earliest
lines to the present is set down at g. 25 0O0 COO
The number Of men employed In mining in
Australia has decreased from So, 2i7 in 1870 TO
& so in 1850. In 1870 the average yield t. each
miner YVES $il2 co. in 1850 it rose TO si2l Gkper
miner and for 1852 il promises to be about Sos.
The upward tendency of mining in that country
N in our own is attributed TO improved ma
hinery in the way OF drills for prospecting and
Development Of work rs well as in processes for
he reduction Of ores.
THr southern states, says the Baltimore Jour
nal Of Commerce, now offer most inviting field
tg the Investment Of capital in many ways. In
some Of the states, especially Florida, the lie.
mand for money is much greater than the sup.
ply and the tate OF interest Is consequently much
higher than where money Is more abundant.
The legalrate of interest In Florida is per cent.
but the rate actually paid runs from that TO 10
and y per cent. The savings banks OF the state
pay from "a to per cent and are anxious for
al the money that they can get, while the Bal
tnore savings banks pay per cent, and limit
Lldep0sits TO so to $50 a month There is n
large demand IN Florida for loans on mortgages
1t from to 10 per cent
The treasury department will continue the re.
iemptiOn, both In New York and Washington.
dhe Nth call bonds without rebate of interest,
huowners, while receiving full interest TO De.
em6er %, will be required to deposit sum
equal to three months interest from August l.
~ to November !, lSsa, check for this
three months interest will be forwarded by the
United states treasurer to the registered owners
Of the bonds on November l in the usual man.
nei The effect Is, of course to pay now to the
lolders OF called bonds interest from November
llo December q the three months interest due
November being paid on that date
IN ms rep0rtof last December Secretary Folger
ND The circulation of some sixty-six millions
WMVercerlhcates seems an inexpcdient add.
uOn 70 me paper currency. They are made legal
lender for the purposes named (all public dues,
!etIhey nave for their basis about IS per cent
My OF their nominal value. There is no prom.
nom the government TO make good the diff.
leiencc between the actual and nominal value"
hodlig these views, the secretary recommended
ma. measures be taken for a repeal of the act
Murhg the issue OF such certificates, and the
'"" 'puIuihoHt VI luelH from clrCuIhuOu,'
Asanta Fejournal reports: "a New Mexican
reporter has been shown some specimens from
ne Ira southwestern niue In the New Placers
astrc' which excel any specimens of gold ore
when New Mexico has produced, not excepting
le Homestake mine, of White Oaks. or any
S Sahel property In the territory. Besides being
aSked with minute particles OF free gold, the
glMI, which is of a free milling character, con
@aS nuggets as large as a green pea The
quart Itself Is exceedingly rcn aside from tho
aee god, and the specimens assay away up into
usufes that are almost Incredible Ii Is said
WAY there isa four foot vein of the ore from
which these specimens were picked all of the
mineral being exceedingly rich, although there
y OF course, much that would not come up TO
he specimens above mentioned The vein is
Wen defined, and there is every probability that
y VIII make Its owners independently rich.
among those interested III this property are Ed
Brown and Jacob Meyers, of Santa Fe, and D,
e. ferry, OF the New Placcrs"