The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-02-09
ANClAL AND COTTON
FINANCIAL.

.
IA lew York Commercial Bulletin reviews
~ 0Uclnl returns OF the hra insurance compa-
~ q lhAt state as follows: Five companies
Hn~n 6r0pped by the way-the Importers /
31n1og5. Manhattan. Relief, rradesmen's, and
X1nR>oun-all of Them Withdrawing voluntarily
nnA honorably after taking due care Of their
Dn1IcI- kolders Thus there has beea 4 reduc-
Uoo q ~ 900 in the capital aud assets OF the
New York companies since the last annual ex.
MIN. nriefy stated, the net surplus Of the six
V-a1x oonpanies left 10 report is about $4,000
~ 1nan the same companies had a year ago;
4k0lH 6wpremlums are s2090O0 less than seven,
- - Hnpanies received in 1881 with siSS co
49, r. q for lossesE the marine and inland
are 10000 more, and their losses un.
head $4,000 less than In ISL the
paid for dividends was sS67,-
<I mSn me previous year.
Income for interest rents. etc, was
OCo less than then; their total Income
year was s2i 1882, and their total dis.
~ ents We're s2S SSi. Sli-!eayipg a margin
- 0OO or about per cent. OF total income
- : t4psurance reserve for the unex pired por-
- 81 come IS 600 900 of risks written during
xo11 1of III. O0o0OO OF premiums The fire loss
x14o Of the New YORK companies In lSSl was
~ - cent. Of me premiums; the marine and
m4lAQ muo OF loss was o. per cent. and the ex.
p41o4 alto, computed on fire and marine pre-.
mUno combined, was S9a per cent So that
04Woerwriung proper shows about per cent
ooNcQ out OF every slOO received in premiums
Without taking account of the increased amount
o. enearned premium-the other $40 having dis.
appeared III the merry furnace or been paid for
procuring, inspecting, and managing the bust,
THk New York World says Mr.. F..O, Boyd.
tne chairman OF The committee on distilled
npHlm OF the produce exchange, has called a
meeting of the committee, TO he held ia. morrow
20 take Act N to sustain the bill before congress
II 70 proposed that the Exchange shall formally
requcst congress TO grant the relief asked for in
10
been taken by the board of trade In st Louis,
Cincinnati and other cities. Mr. BDyd says that
the failure OF Mohr & MOhr, of Cincinnati, and
the comments in the press upon it, had unques-
uonaDly strengthened the Till and would help
Its passage. While the failure of Mohr & Mohr
was not directly due to the delay IN the passage
OF the bill-for it Is believed the firm had little
whisky that VIII have to be withdrawn in
february-yel il was indirectly caused by
II ,ior banks in the pr, sent uncertain
condition of affairs, might hesitate to extend
credit Mr.. Boyd has no doubt that il the bill
should fail TO pass, the. result would be a large
number Of failures As yet, however there has
not been very much whisky exported to Jamai.
CO or England TO avoid the payment of the tax,
~ can be done al triiling expense and then
reimported and left in bond for another period
MI. boyd, has however, established a bonded
warehouse In Liverpool for this purpose and
1000 barrels OF whisky that must be withdrawn
from warehouse on February are already ship
ping or are about to be shipped, TO avoid the
payment OF duty Before February . much
larger amount will have been shipped. Every
honorable means is employed to secure the
passage OF the extension bill. which, while af.
fording immense relief 10 great trade, will not
cause the loss of dollar to the government
THE duties on American imports last wear
amounted to,sll6, l3S ZIG. OF this amount sugar,
m0ias9es ana confectionery paid .sig,207 ,279 de-
rived from an average duty of sos per cent:
wool and manufactures Of sa9, 35s, 0l6, from duty
AR liz
ofs22 GSs 1877, from duty OF So IS per cent; cot
ton and manufactures of, Sl2, 227, 1903 from duly
averaging 50 0S per cent: steel and manufac-
lures OF. sl2 1885, from an average duty of
~ o1 per cent; iron ana manufactures Of SILL
zS06ll, from an average duty OF 4O.3s per cent;
max and manufactures Of S73SS 655, from an NV.
erage duty of 50 81 per cent; spirits and wines,
s6!7l,42 from aduty of II AZ per cent tobacco
1905 per cent The duties on all these articles
amounted to Sl57 657 17S. or about 70 per cent of
the total duties. Nearly 60 per cent OF ill the
duties Is collected at the porto New York nearly
II percent at Boston and about 8 per cent at
Philadelphia. The average rate of duty of A, \
per cent on all dutiabo articles compares with
an average of 435 in 1881, Al in 1850, 4s 6 in
1878 and 1871 In 1873.
THE London Economist says. "Produee ia
coming forward freely from America, and the
natural causes which operate on the exchange
between the two countries are working in di
recu0n 10 depress exchange as between us and
me United States. With this may be coupled
the fHct that some new American loans are
kelly to be brought forward Should these be
hoated here, they would provide u further sup.
ply OF bills, together with those drawn on ac-
count OF produce, and Il low rate for money
won d additionally attract these operations 10
our market Uncertainty " to THIS renders II
difficult To look forward witRSany near approach
70 exaotness, but the line taken by the exchange
houses noted above shows that they ut all
events, think it advisable to stand prepared "