The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-04-05
THE BUSINESS WORLD
FINANCIAL,

TTr Financial Chronicle, in presenting
4he situation, SAYS the week has not been
marked by decided animation, but the
money market has relaxed and the general
feeling has perceptibly improved. Inc re- |
turn Of Mr.. Gould from his southern trio
ia commented on as one of the points OF the
week, and the newspapers report MN, as
usual, as expressing feeling OF much con-
fdence in the future strength OF the STOCK
market.
In commercial affairs, and particularly IN
the movements of staple products on 1ne
railroads, the month OF March VIII snow u
conspicuous increase IN business over VIC
same month of last year.
The relaxation in the money Market IS ail
encouraging feature OF the week, ana u -
believed that the open market rates Oh ~ W
is per cent. have had their reasonable III,
fuence in drawing loanable funus toward
this center. The new law mas peen hole
thoronyhly tested this time than ever be-
fore. and it has worked to the general salts
faction of Wall street,
the old method OF paying a commission
ner diem made the rates actually mucn
higher, while it was always an evasion OF
the law and an undignitied method OF trans
acting business. The treasury uispurse-
ments of April interest and the notice tnat
on each of three Wednesdays, beginning
Anril 4. the treasury would pay in advance
As 600 600 of the bonds embraced IN tne
Tooth call, have had much to do with the
growth of ease in the loan market.
on Saturday, the 9th, loans to stock
brokers were as high as II per cent, but on
Monday rates iell off to to ~ per cent;
ana from that gradually declined, until
they reached normal prices OF to Z per
cent. on Thursday. To-day the rates on
stock collateral were about per cent.
Government bond-dealers have had money
at "A to per cent. throughout the week
Prime commercial paper is quoted at 10
81 per cent.
THE comparative statistics of our foreign
trade for the calendar years 1881 aud 1857
have lust been issued by the washington
bureau. They show that the merchandise
exports exceeded the merchandise imports
in 1881 by SAB 1853, SOB, whereas, in lSS2' the
latter exceeded the former by $500, 100,
making an aggregate difference between
the two years Of STAG, 1886, FOL. In 1881, the
import Of specie exceeded the export by
Gao 327. 44S, whereas, in 1857, the
export exceeded the import by
$3S 537 PSI, making difference OF SS2o64,,,
500 between the two years. The excess OF
specie exports last year consisted largely OF
silver, and, with the product OF our own
mines thrown into the scale, we increased
our stock of gold to some extent,
The imports last year exceeded those OF
the previous year by about $50, 900 900. The
increase last year was largely in raw mate e;
rails OF various industries. The totai
increase in the value of imports OF crude
rubber, raw silk, wool, jute, rags, wood,
indigo, argols TIM pigzi5noo pig S5s and scrap
iron, and leather, was $23 995, $50. Some o.
these articles, such as tin plates, might not
be classed among raw materials by some
statisticians, but they unquestionably are
the raw materials of important industries
There was also large increase in the I'M
ports of manufactured goods, especially ID
the classes not enumerated in the tarlil
schedules; in cotton, wooden, silk anc
Ajax goods, and in iron and steel moi
specified, the increase was, ST., SSl, 739
Among enumerated articles there was an
increase of more than 81, 900 in wooler
dress-goods, and $2700,000 in cloths anc
cassimeres. The increase in imports O
sugar and molasses, including those iron
the Sandwich islands under the treaty, was
SIC, 1886, 500. The import of brown or REIN
ing sugar was 2,lSS, 900, 900 pounds las
year, or more than ten times the average
annual product of Louisiana.
New York exchange was quiet as follows