The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-03-16
FINANCE AND COTTON


/. 3;s..-s,iue the situation, the Financial
- IN, avs "a events O. general interest
S.-.-..Tscek has been more lruluul thAa
" -. since the opening ~ the current
-! The passage Of the revenue aud tar
yea. NJ adjournment OF congress the
III o.., ~ of about SSOO,JlO gold Tor this
shll'..,' nom foreign ports; anc The share
GU. .-i. Il, our call loan market have all
.lle,,ib,ted 20 create decided ANIMATION
y. financial circles.
" v ~. stri, ssncy in money has had the et-
90. nj choosing in some degree the ACTIVITY
:, he stock exchauge,. and the general
"s1';,,on seems 20 be he'd among bankers
META INN, II not an active, money Market
il likely 10 be experienced Tor some weeks
II r,s There Is q difference OF opinion
70 .V'ti nro babe decrease in government
% Nv ~ result from the changes IN cas-
Nv. and internal revenue collecions;there
sSO,,c1 reason, however, 10 think that with
~ smaller appropriations made by the
,,,s congress, aud very moderate losses to
az irnm the changes in the tariff law, the
'",,ysrnnent surplus revenue applicable 10
H., rs3rmutiou OF bonds will stlll be larger
,ben mas commonly been estimated.
5rbe shipments OF gold from foreign ports
h.s LeruD. curOusly enough, just ut the
,,n,s when the other circumstances II tue
tg'r,,,,4I environment show the changes
nv referred TO. II would have been re-
csiypd as a good omen about the middle OF
Tsbrrory had the cables from London then
advised us Of The shipment OF some S5uOO,-
an gold len q single week, ana there seems
IN have been nothing in the state OF the
exchanges that would have lorDludeu the
earlier maturing OF those events which have
now led 10 The Shipment OF gold but It
goes without saying that, from the move
Snept of securities, or other causes the con-
d,jop oi affairs was not then ripe Tor it,.
Rom October until this time the prodi-
lions cotton crop has been the chief item
IN the exports oi merchandise, and this year
cation is emphatiCally king. The port re-
ceints TO date are 5000 bales ahead of the
crop of lSSl2, but in addition to this in-
crease the excess in average weight OF bales
in This crOp Including overlandl is SO lar
enual TO 22l ,OGl bales more of increase over
ISL.
THE director of the mint received o letter
from ] W. HelifriCh, formerly conner at
The New Orleans mint and.now superlntend-
ent of themint coming nickels at the City
of Mckee, stating he has contract for coin
inc 100 ono 900 pieces of nickel coin for the
Meyican government. lie submits speci-
mems of |, and 5-Cent pelces as COlneu by
him. and says over $3.50, 600 worth are al
ready in circulation. The value of these
nickel coins is designated simply by the
roman numerals. The reverse side of the
Mexican nickel is almost the exact counter.
part ofthe reverse side of the 5cent nickel
now being issued from the Philadelphia
mint They are also ABOUT the same size.
The face and inscription, however, are en-
tirely different. 1t is also stated in this
connection that the French government
has adopted nickel coinage instead OF
bronze.
The following statement shows the oper.
atoms Of the treasury department up ia
this date, under the per cent funding act
When the aw went into effect there was
$4Ol, SOB 800 continued SIS aud Sl6,5Ol ,31y
continued Gs subject to exchange into IS
OF this amount So, $50 6's were paid
under the 10th call, being the balance
not funded. There have been funded into
3 per cents $13 ,22l, $50 of continued
Gs and 1884, 36l,0 Of continued
5s, making the Total amount of 3 per cent
outstanding under the act, $207 500 600.
Nrs.aa pfV WIN