The herald., 1898-04-15
OFFICE OF THE HERALD,
LOS ANGELES, April IA, 1898.
s'There are two sorts Of ruins; one Is the
work of time, the other of men,"

Government receipts for the month of
March from ordinary sources amounted to
1880 ,250, which represents a slight in
crease as compared with those for the
month preceding. The figures given. 1t may
be remarked, do not include 50, ,651 800 on ac-
count Of the sale of the Kansas Pacific
railway. The expenditures for the month
amounted to $31 ,S82. .444, which represents
an increase of nearly IS, 900 as compared
with those for February. For the nine
months ending with March the receipts
amounted to 1907 7,516,713, which, it should be
recollected, includes about $4S 900 900 on ac-
count of Pacific railroad payments, thus
renudering comparison with the figures
Tor the corresponding period of the last
nscal year misleading unless that point is
kept In view. Leaving these extraordinary
receipts out of the question, the gain in or
dinary receipts over the nine months end
Ing with March last year was not quite
NS,ooOOOO. Customs receipts for the period
amounted to $l07 502. .147, which was less by
little over s5,S00,000 than for the corre-
spending three-quarters in 1S96-97. Internal
revenue receipts, on the other hand
amounted to S123, TOT ,424, which was over
900 more than for the corresponding
period of the last fiscal year. Expenditures
Tor the nine months amounted to 5000, ,370,-
~ which represents an increase Of over
vi 500 900 as compared with the nine months
ending with March, 1897. Some Of the ex-
penditures lately incurred have been In the
nature of emergency or extraordinary ex-
penditures, but even leaving these,
amounting to about SO, ,000, 900, out on the
question, the increase, as compared with
the like period of the last fiscal year, was
over $1s,000, 900.
Transfers Of gold from European finan-
rial centers continue to be made on an
unexpectedly large scale. The total of such
engagements for this week, says Brad
streets, was $500, 900, and since the begin
hing Of the movement. in the latter part of
February, nearly $40, 900 gold has been
taken from Europe or Australia in answer
to the demands of the United States. The
present week has also witnessed contin-
nance of the decline in exchange rates,
due in part to the flrmer position of the
London money market and the advance of
the Bank of England rate from per cent
to per cent. This step was evidently de-
signed to impose check on the withdraw
pls of specie from London to New York,
but 1t may be doubted IL 1t will prove ef-
keotual or that 1t can, at most do more
than partially turn the demand In question
on the Paris and German markets. The
developments In this conencton would sug-
yest that the credits abroad created by our
export trade for the past year were much
At the San Francisco Stock and Bond
exchange yesterday morning Market
Street railway sold, ex dividend, at SLY,
Epring Valley Water at 99H, and Hutchin-
son Plantation at Az.
The Investment board reports sales of
Giant Powder at Al and Hawaiian Com
mercial at "a.
The Market Street Railway company of
Ban Francisco is paying quarterly divi-
lend of 80 cents per share for the first three
months Of this year. The aggregate sum
Is about s1le,S0O.
An Akron. Ohio report has it that deal
Is nearly completed for the consolidation
Of the art and tile works In the country,
about a dozen in number
Final Incorporation papers were issued
last week by the secretary of state of Illi-
nois to the American Wire company, with
head offices in Chicago, and with a capital
stock of $24,00O,000.
According to the Journal OF Commerce.
the fire loss during the month of March
shows a total of 81, GAS, 200 This very moder-
lte aggregate brings the figures for the
hrst quarter of 1898 much below those for
the same period In 1897. and represents the
lightest month since last November. The
following table gives comparisons:
1896. 1897. 1898.
January ...s11 O4O, 900 $12 049. 700 s 9472 500
February 80. 973O,1O0 S,676,75O 12,629 300
nnn IN rnna ~