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COTTON AND NCE N. FINANCIAL ITEMS. de of specie is still against us. Last received only $6,000, and exported the corre-ponding week were The rates close to the abroad very Stapl while our S continue only not receipts $340,000. in yet going $5,700,000 shipping in of in and discus- foreign point, large our of The Financial Chronicle subject suggests in explanation that been sold in London and covered the bankers have here. ds. the price Dills being in "stocks have securities and for the proce relatively drawn of higher demand American here. As soon as in this respect it is a change London than resumed. probable there that spe- is will he chandise movement Theme shipments continues imports strongly reached and last week our adverse total of $12,10 or the for the same week of essounding than to us. 851, while than $5, 6,450,000 this. the more $1,000,000 larger year last year our Althis date exports were imports, exports last whereas were they only $.9.00.000 are now for our staples as the present ing high nearly price and, below has stock them. brought is not The about much rulfor home we will any coubtful more this result. than if sufficient improvement requirements, in in it this is respect until the new crop comes rate continues as it has been during the of the year will be cut down first three Ip the debt quarters fiscal by July '81-2, 1st beside $152,- the is a comfortable of the British exchequer a 00,000. national the state This showing Briti-h with income deficit The average sources of revenue is ours about per annum of over $2,000.00 for mall $334.000,000. about including $406,000.000 Our aver- inage for all purposes, foot up terest on expenditures the debt, be $268,000,000, applied to leaving the of $66,000,000 to exthe debt. and than we, and in maverage duct of tinction 000,00 government more of England intereston either spends finds her for debt$138, herself the condebtor with a beggariy surplus of a few millions, which sometimes sorely puzzles the administration to so dispose of it as not to do mischief Her cabinets have come to be so used in the budget that they don't know how means of a here we the to deficits We should to provide explain spending that governments have surplus. used of the two for a average, defiincomes 1879-80 as and probable outgoes British treasury though the for this eit stated is that of the fiscal year All the enormous British expend ture is for the carrying on of government for the 35,000,000 people of England, Scotland, Wales and Ireland, e colonies generally being quite self-supporting, and in all events contributing more to the revenues, directly and indirectly, than they draw out. Hashrinkage of produce exports from New York and is growing even more marked week to week. continues, from Last week the thus shipments from that port were the lightest far this year, the total being but $5,296,139, agaiast $6,520,451 for the corresponding week of last year. The petroleum movement was moderate, and the shipments of breadstuff's, provisions, and cotton small. Since January 1 the total exports amount to $94,184,370, against $113,666,375 the same time in 1881. A comparison efexports and imports at the present time is of special interest, the latest returns showing the latter to be averaging about double the former. In the one case there is an unusua ly light movement, and in the other an exceptionally heavy one, creating a balance that will have to be settled some time further on Sacramento Record-Union: For nine years a Sacramento mayor failed to pay the interest on the city debt. A member of a banking firm in this eity, taking advantage of the depreciation caused by the failure to pay iarerest, bought $146,000 of city bonds at 18 cents on the dollar The mayor, on some pretext cashed $35,000 of bonds belonging to himself out of the treasury. and the banker sold his bonds in Germany at 66 cents on the dollar. The net result of failure to pay the interest: $28,000 profit to the mayor. 855.000 profit to the banker and an increase of $00,00city debt. The Portmouth (N. H.) Chronicle says that as the charter of the First National bank of that city, which was the first national bank established in the country, expires by limitation of the law May 1, and as congress has taken no measures whereby the bank could continue bus iness by a renewal of the present franchise, the directors have obtained a charter under the exlisting national banking laws for a new bank. to take the place and business of he old bank, May 1, with the same title and capital Bonds to the amount of $4,000.000, issued by the city of New Orleans in 1852. have been declared by the Un. ted States supreme court valid obligations, and the municipal authorities are ordered to levy special taxes for the paymentof principal and interest. DALLAS EXCHANGE AND COIN. Buying. Selling Buying Selling. Ex. % Par@ Y St. Louis. Par@Y N. o Calcago.. 1@XPar@M y@% (Par@)/4 Galveston 1/6 Par@ Y/ Houston. 1/a Par@Y Exchange, all points to (discount. Sterling sight @4 85 Francs, 5@5 10. Marks, 25. Trade dollars 90cts Mexican dollars. 80cts. Mexican halves 40cts. Mexican quarters 15cts.
