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Figures On The National Income

Figures On The National Income image
Parent Issue
Day
18
Month
June
Year
1895
Copyright
Public Domain
OCR Text

i ASHiAGTOíi, June 17. - The treasury receipts trom customs and infernal revenue so far during the month t June show no improvement over last month, while the disbursements reniain practieally the same. The receipts from sugar iraportations are exceedingly low, and the expected large increase (rom whisky withdrawals haa not materiallj incrcased. For the first half oL the present month rhe receipts from customs amouat to Í6,i2l,7i!5, and from interna) revenue Í5 197,035, inaking the total receipts from cusco ins for the eleven and a half montos ut the fiscal year $146, 843.687, and 1 rom mternal revenue souroes ïlbö,954,163 1: is estimated that on June 30 the total recipts trom customs will aggregate for the year flöii,6l8,962,and from iuterrjal reven uk Í142 7.j7,077, and the deficit at the end oi the year is estimated at 845,000,000 in round numbers. othwithstanding this showing tor the year there is no expectación from any source of au extra seseion of congress. er of another bond issue before the regular meeting in December. The gold reserve now amounts to about $99,5UO,Ü00, with an avaüable cash balance oí nearly SISl.OUO.UOO, which is regarded as ampie to meet all ordinary demands. The spirit of oonfidence and security which pervades the treasury department at this time is largely dueto the provisión in the last hond contract obligating the syndicate to protect the gold In the treasury from withdrawaU tor export. The ability of the syndicate to carry out this provisión ñas been amply demonstrated the last several moutus, when the rate of sterling exchange ha3 at times ruled far above the export point. This obligation connoc be discharged until October 1 next.

Article

Subjects
Ann Arbor Argus
Old News