The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-02-08
FINANCIAL AND COTTON
FINANCIAL.

Avipg: The production OF precious metals IN
enico was SO great that a. early as ias s, u g,
l1unded), by royal mandate from The king oil
0pam. mint tor the coinage OF The precious
Heua19 was established al the ely OF Mexico,
and dice that time the coinage OF the gold aud
omoonted to the enormous sum OF S. rs. lS9eQ
--&hr<e billions seven hundred millions-lhis far
axcetds the estimated coinage of ali the re-
Uainder of he earth since that time. The
sholai Is only OF the coinage, but from the best
md Dost reliable record and otfoial documents
70 ~ had il IL found that the total gold and sill.
seF pzpducuon OF Mexico up to the ?, e,ent time
hno e6ceeded SC 900, Co0,0C0, L sum far greater
th1r1hat produced by all the other countries OF
U>Carth. Not only have these pro
ons been great In the past but
< psesent time 10 sharing in this rich hsr.
aud nom sS0oCQCt6 to SS5,o0O coo in all
Ind So, oooIo TO 10000 e5O in gold is an.
U04Ny produced. Compare these figures with
~ yield nom our own mines in the states and
Alu1ories and 1t W III be Seen how Mexico leads
: 49, su-sya produces nearly three-fourths OF
NJ annual yield Of the entire earth, and this
20 Win the crude, rude aud imperfect mine.
volnpg and e.reducing systems, ways and
planl adopted in that country As au instance
o1 whM may be done by the use of skilled and
veaned labor and Of new, improved and useful
macninery, 1t may be stated that the American
ana knglish operators IN the state OF ZacaIecas
are producing over S6tO00V0 per apnum In sold
sn9 shVer from the mine OF that sta alone
n -
ana with Increased facilities and extended on
eratiuns, as the country has mines Ia Justify
ana support this production of S6000OOO can be
increased to $40 0NC0O in that state alons-at
ieastsuch Is the opinicn Of American experts
and mining men who have listed the country
ana are capable OF Judging correctly.
The interesting fact is noted by the Mauohes.
ter Guardian that the tendency 10 higher rates
81 dissount which has been feature OF the past
h.Al .h af
rope, was maintained during last year The
Guardian extracts from u Brussels publication
the following table, showing the averages at
eacn OF the chief centers for the past two year,;
1881 1881. 1882 1851
London .."..t.l2 az BRUSSELS ,,..s 9s "A
Paris 49,. 3 50 s % Berlin .463 AIS
Vienna. .....,4 q 400 Frankfort A So 446
Amsterdam. A IS 400
uappears that the average for the year 1852.
taking In the rates each month u. all the chief
centers, was Al per cent, as against s " per
cent for 1881 3,A6 per cent for lsSO and 8 IS per
cent Tor 1873 AS will be seen from the table
given above, the average rate at Paris WAS
lower than AZ any other center. The market
there was very stringent during the FIRST two
months OF the year, but the rate declined In
Msrch, and since the end OF the month remained
81 86 per cent. Concerning the London market
its remarked that the rate there fluctuated be.
tween wider extremes than those reached by
any other center In the Hat 1t was high during
the hrstquarter OF the year, rising higher than
summer months II sank below that Of any other
center. but after September again it rose as high
- that Of any other center In the list aud above
me rates at Paris, Amsterdam aud d, uSsels. the
vienna rate, II IL noticed. remained very steady,
maintaining the same uniform level us In 1851. 4
per cent until October when 1t rose to per
csnt. AZ when level IL continued to sand dur
Ing the remainder of the year.
A W4sHINGToN telegram says: There has
hhuTn
between the treasury department and The
FOURTH National bank of New York In regard 10
wnatthe former considers was very sharp prac.
tlce on the part OF the latter In the transfer of
SO0O.C0J from Boston to New York at an ex.
pense 10 the government of about 5000 The
bank had $3.50 90 in Boston which il wanted
70 getto New YORK, but instead of having 1t
carried by the express company or by a lnesssn-
ger OF the bank, the money was deposited with
the sub.treasury for exchange In standard dol
lars. The certificate was sent 10 Washington
with request that the standard dollars might
be sent TO New York The treasurer of the
United States sent the order to the United states
mint aud the silver was sent on and paid over
70 the bank Officials, who turned around and re-
uepositeu the coin in the sub-treasury md de-
manded silver certificates which of course nm.
ger the law they were entitled to. II then
pecame apparent that the request OF standard
COLLARS In bulk was mere pretes TO yet the
money transferred toEew York without e expense
70 me pank rhs treasury officials were very
cessitatsd the handling of ninety tons Of silver
~ an expense of 5000. The bank was hauled
up Sharply about the matter and Secretary FOL.
ger took occasion to speak his mind very freely
about the transaction which has Occasoned no
emo OF comment in the treasury.
the following is from The New York InGica.
sor In J.. bruaIy Of this year the int rest pays.
Ole OIL railroad and state bonds, and dividends
on railway and other corporate shares, amount
70 JIG $50 500, against Sl5,4l3,757 on the same
class OF securities In February, 1882 decline
N the amount OF state bonds ailoat Is Obhery I'd,
while the increase In railway securities Is re-
Aected In ihe larger number and increased
amount OF bonds ana the marked increase In
STOCK dividends for the monih In February,
1857, half yearly interest to the amount of E5. {.
W, 7Ss was paid on bonds of the par value OF
tisa0-6,s l6, and quarterly and haf-yeurly divi.
dends TO the amount of ST. 46s sg5 were distribut-
ca on shares Of the par value OF S659. S24
For this month the halfyearly inter 1t pay l..
menH on railroad bonds aggregate S. lis, 043 on
a total sum OF 207 i7S,96S and the dividends de.
ciared aggregate Si57, i9s on stock, of the face
value Of SSi2 o. ls The increase IN railroad
bonds that pay interest In thi /, mouth over Feb
ruary, 1882 Is only 10 a52,l42 while the amount
olthaIe capital ON which dividends are declared
payable Ii larger by G,5i9SO4 nOIwiths uuuiny
me withd avail of Louisville 4 n shvie from
the list which road paid for the last time in
EeDruary OF last year per cent on lS Ilb S %
Inc Total payments for interest on bonds in
Guiding governments and dividends on stocks
!0r this month aggregate 10, 763 Sos not iuc,ud-
ing interest on municipal bonds aud dividends
on mining and manufacturing shares. which
now amount 10 very considerable sum 10 each
month.
DALLAS EXCHANGE AND SILVER
Eal