The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-02-28
FINANCE AID COTTON.



NEw YonK advlces stgto that the general
features OF the commerolaian and intnolal snua'
uon may be SUNNI, Il up la the facts hat lrahc
Is stlll dull and profits small tho rh there mas
apparently uecn some i'm nToyemr nj In sons OF
the impurtai lines VI indusry. as In the glass
and iron trades The traffic aln earnings OF mo
railroads throu ghout the country continue 10 re-
cord gains thou h In some cases the compatl
son n with small figures year ago. Tn ~ tue
general status OF mcrdsni . n1d CORPORATE
weeks Ia addition. It ia boliuv that tie worst
has been seen with reiorfuce - ths develop
mont OF unsoundnes, In the c1rp 'ratlons wh.he
turbing inilu-ncc But there are some olher
features OF the general financial situation a
less hoyefu character. Thus our exports
of domestic products couti iue small,
and tho rates OF foreign exchange arc
steadl y tuining aga INST Ms, so that consider
abo OK orts OF specie are wit In the rhngoo'
probab liues, and the movem-u mt was inisisu'
rated this week by the shipment 81 100000 On
Thursday. Ia vieS OF this probability OF the
exports OF pold, and the CO unued coinage OF
silver dollars there has been revived of the
question OF paying the debt balances Of the
United states sub.treasury TO tho New York
clearing house IN silver dollar and ihonsh II
Is claimed by the treasury officials that there
was nothing Official Whatever in tho charac.
Yer OF the verba. inquiry made OF the New York
clearing house as 10 what would be Tn effect of
the sub-tressury offering 70 pay its debit bal
ances In 81 yer, II Is positively known that tho
inquiry was Of such q haracter as to elicit
written response Tom the New York cles ing
mouse 10 the secretary OF tnc trcftury Ont utS
this week The exact terms OF his letter nave
not been N AIDE pub ic, out T. understood That
while tho banks omit 10 answer what would be
the eRtct, cy refer to the TACT that me unilci
States sub-treasury became an ass .ciate mem
Der OF the New York clearing house under the
rules OF the association adopted In 1873 to the
effect that they would pay their oalances -
each 9th " xc u.ivcly In 20 and legal tender
notes payable 10 gold The money markets
throughout the country presentthe same ap near-
ance OF stagnaton as Tor some time past. Money
In the New YORK market remains nj the pheno.
menally low figures Of land u per- mt per
annum on call oans on sto X colla'erals ana At
sx to per cent for time ans on dividend.
paying stocks as collateras Mercantile Rates OF
discount keep Rt 4 Anu Az perc mt for irst-clsss
double names tor 30 or 60 days, aud ~ aud
for siugle names At the west the dullness OF
trade has ailo sed money I, accu mulatc In the
banks, aud advances are made on grain and
provisions In store NJ per cent. The last W ek-
~ statement OF the Nes York banks showed an
increase OF e3.975, 100 Of loans, which
was construed in some quarters a,
movement In progress In the stock market.
There was also an increase OF ~, as 500 In de-
posts, which, being accompanied by loss OF
legal ienders can.ed a reduction IN the surplus
reserve Of 81 OSs. co. leaving II. however stu
above S20.OQ0,0y0. The weekly statement ~ tho
Bank OF England showed u gain OF EH300l Ia
specie the gal In toe prev Gus week navi x
been cilo.000 The percentage o. reserve TO LA
bllites, however, showed no.increasc, and TO.
ma ned at 20 1916 per cent The Bank of France
Qainef ~ sol COO francs gold and 1895 600 francs
10 silver. the BaLk OF Germany gained 1860
COO marks In specie.