The herald., 1897-09-11
OFFICE OF THE HERALD,

OFFICE OF THE HERALD,
Los Angeles. Sept. 10. 1897
Government receipts for the month of
August amounted to s19. .O23, ,615. which rep
resents decrease of about $40, 900 as
compared with those Of July. This is ex-
plainable doubtless, by the fact that the
payments Of duty. IN anticipation Of the
passage Of the Dingley bill. were very
heavy in the first three weeks of July
whereas there has been corresponding
falling of in the receipts for August, owing
10 the importations having been hurried.
large quantities Of goods which would, un-
der ordinary circumstances, have paid
auty in August having been withdrawn in
the preceding month. AS compared with
August last year, the receipts show de-
crease Of over ss,5ooooo. The decrease is
almost wholly due to the falling Off In COL
lections from customs, the decline IN this
branch Of the revenue being very marked
% compared with August last year. The
receipts from internal revenue for the
month were almost UP to those from the
Bame source in August last year.
+ 4 +
For the two months the receipts from
pustoms amounted to $2S 954, ,5O5, which rep
fesents a decrease Of little over $4,000
- compared with the corresponding period
Of last year. The receipts from internal
revenue on the other hand, amounted to
30, se1 OPT, which represents an increase Of
nearly s4,7O0OO0 as compared with the cor
responding period last year. Miscellaneous
receipts were less by about $3.50 900 than In
the months Of July and August, 1895. Taken
together the different items of receipts
aggregated SIS, S,10s,719 in the two months
lust ended, an increase Of over So, 500 900 as
compared with the corresponding months
Of last year. The expenditures on ac-
count of the war department show the
most marked change as compared with
July and August of last year, an increase
Of over Sc, 600, 900. The only other item show
ing an increase is pensions, from which over
q, 900 more was paid in the two months
period just ended than in July and August.
1896. The expenditures on civil and mis-
cellaneous account showed decrease of
over 81, coo, 900, those on account Of the navy
= decrease of little over 100000, those on
account of Indians a decrease of over $780,
900. and those on account of interest de-
crease of a little over SCI, ,0O0 The ex-
penditures aggregated $50, 1885, which rep
resents an increase of nearly $5900,O00 as
compared with the corresponding period
of last year. Last year for the two months
period there was a deficit Of nearly $685.
100000 For the two months period just
ended the deficit amounted to over $25, $780,
900.
= + +
The cash balance has, thus far this year
shown falling off. It amounted on Sep
tember 1st to $21S, ,561, POI, which represents
q decrease of $14, ,495, $50 for the month of
August and of $21, SIG, ,42O for the two months
since July 1st. The total debt, less cash in
the treasury, amounted to $10OS,3S 121.
which represents an increase for the month
of ,475. The interest bearing debt
amounted to $S47, ,365, $40, the debt on which
interest has ceased since maturity 81, 1886 $50.
and the debt bearing no interest $37S, 945N,
q total of 81, 226, 1896. 327. This does not, OF
course. include the certificates and treas
ury notes outstanding, which are offset
by an equal amount of cash in the treasury
and which amounted on September 1st to
$593, ,961 1858.
Mr.. J. s. Jeans, secretary Of the British
iron Trade association, in a recent article
in the Iron and Coal Trades Review. Jars
somewhat rudely upon the complacency of
those who have been wont to think Of Eng
land as the synonym Of commercial and
industrial supremacy He says that the
working population of England has not
appreciated the enormous increase in the
oh of bo Tr;t -
only for neutral but also for British mar
kets. The competition from this country
he regards as more to be dreaded than
the competition of Germany and other con-
tinental countries, serious and increasingly
successful as that rivalry has been." He
refers to the foothold obtained by Ameri-
tcan pig iron, rails, blllets. cars, loco
motives, cranes, machine tools, ETC., in
England and in markets heretofore largely
controlled by England, and suggests that
the facts In this regard SHOULD surely
make our workmen pause in their ill
considered demands for conditions that
would greatly assist that rival in a compe-
tition that already exposes our industries
to unusual stress and strain"
Conservative estimates place the peach
crop Of New Jersey at more than $500, 900
baskets. The season is now at its height
and the growers are rushing their product
to market as fast as they can. While the
crop is bigger than ever the fruit is small
and present prices are low.
+ \ +
1t is reported that the American mailing
combine has been completed. The amount
of money involved In the new combina-
tion is said to be $50 600. The output of
the mailing companies amounts to rs, ,OO0,-
900 bushels of barley yearly.
4 +
A prominent bicycle manufacturing con-
cern has sent a representative to Pitts
burg to purchase cold-drawn steel to be
used in manufacturing bicycles at the
companys Birmingham England) works.
4 + \
First 1t was the Lake Shore Railroad
that FUNDED Its debt at 3h per cent, then
came the New York Central and now the
Michigan Central wheels into the same
line. 1t is expected that it will soon an
nounce an issue of $4,000. 900 81 per cent
bonds to retire g. O1O OO0 ner can+s opd