The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-02-10
FINANCIAL AND COTTON
FINANCAk


CHICAGO TIMES The tressurers statement of
liabilities aud assets on the lst Of February
SHOWS gold coin on hand to the amount of sl2l.
Ms 4S2 against lls. va 1856 on the I'd Of January;
gold bullion 81, ~ SsS against ol,ssl ~ from
. fhis statement alone 1t might be inferred that
! The gold belonging to the government Increased
some IS hat during the month. Such, however
was not the case, Us there was considerable in
crease in the outstanding total of gold cert d.
Gates ON the I'd of January ths amount OF gold
certificates 10 be deducted was 80 5li sl0. leaving
sol COS Sc in gold coin belonging to the govern
| men. On the lst inst, the amount OF certificates
10 be deducted was A, ga $40, leaving only IA
1855 l2 in gold coin belonging to the govern.
ment or nearly 100000 less than month
earlier As the gold bullion ON hand was dimin-
ished over half a million during the month II
will be seen that the treasury Is about
Il was month ago On the other hand,
the silver dollars IN the treasury increased
from 9i0l6.si2 to e7,5S0969, and tho
amount belonging 10 the government increased
from 25 $40, Isl TO 20, 0l2 l49 From this ii ap-
the government was over S,5G00e0 during the
month, which was about 100000 more than the
months coinage. That Is 10 say, tie actual cis-
culaliou of these coins decreased to that extent
ia January This shows that so far from there
being demand for more silver dollars, the de-
mand has already been more than met and TO
continue the coinage is - supply something
that is not wanted OF fractional silver coin the
q, 1925 month earlier. The amount of these
coins held has remained pretty constant for
long time, and II seems 10 be much larger than
is required to meet any demand that is likely To
a'ise for some years, II may be suggested,
Therefore, that the treasury vaults might be
somewhat relieved by authorizing the secretary
of the treasury TO dispose Of some 10 coo, 0C0 or
use 1t instead of buying bullion for the dollar
coinage, That, however, would be q clumsy
and ineffective mode OF aaording relief as com
pared with a suspension of the useless dollar
coinage.
The new tive-cent coin is certainly the hand
soonest in circulation both In design and work
manship. The head side has strong side
face view of the Goddess of Liberty, the word
Liberty appearing on the band resting on the
brow, and back of this Yankee tiara rests Il
stars surround this head, and beneath il are The
figures, "lSS3 On the reverse is the letter ''V'
In the center around which are ivy aud oak
leaves twined about two circled corn stalks. on
which appear the grain and leaves, evidently
meant to be embematlc OF the eyer-freshness
and strength of the country's prosperity, On
the upper half OF this side, circling the edge OF
the coin. are the words, United States OF
America The lower half the coin having the
words. "E Pluribus Unum," running about 1t.
1t is larger but thinner, than the ordinary
nickel, aud 1t will, no doubt be some time be-
fore the new coin gets into circulation IN these
parts.
THE statement of the United States assay
office at New York for January shows depos' Is
of gold 10 the amount of u, COS GEO. the items OF
which are $3.50 600 foreign coin and bnlllon Sj75,
800 in United States bullion Gao 800 are redepos-
itsl and s23l70 in jewelers. bars and refined
gold. The total deposits Of silver were S4i6 900,
which, with the exception of 3l3S, 600, was from
the several silver producing states and terrific
ries. Utah still loads the list for the month with
$3.50 Montana follows with SOC, SOC, and Col.
orado and New Mexico each with $4,000. The
amount from each of tho other territories was
small
The New York Post says Both our internal
and foreign trade have been improving for the
last four or five months. Money has been aocu
mClatng, rates Of interest are down, there has
been an increasing disposition 70 invest in in
terest- paying bonds all of which indicates al
increase of floating capital available for invest
ment in stocks when the owners OF the capita
are convinced that prices OF stocks are AT thu
bottom" As yet however, there is no evidenc,
Of disposition Of either the American or the
foreign public to buy stocks-there never Is un
I'll the market has advanced enough TO show
that IL is going up without them.
The amounts paid for dudes on foreign i'm.
ports at San Francisco in January for a s.rie!
OF years were aS follows; 1873 Si6l l0t 1879,
s32S. l0c. 1880, fi4, o. 1881, Si9S 000 1857 t6L9
900, 1888, 1857, 400. The total last month, with
the exception of last November, is the smalles
since May, 1882.
The public debt decreased during Januar!
el3,G3jSs3. The obligations of the government
less cash in the treasury, are 81 500 908, 49,! Sec
rectary Folger ISSUED a call for extended PEI
cents. to the amount OF sl6,oo000O, payabl,
May1.
The pension appropriation bill appropriate
sS6,o75,OOO, and resppropriates the sl5,SO0,O0
uuex pended balances