The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-11-17
~ FINANCIAL.

II seems from the reports in all the money
articles of papers in the North and East,
that the great volume of transactions in
money circles is done in bonds and stocks,
and that cliques and rings are formed to
run up certain lines one day and dispose of
them the next to outside parties, and this
these Spectators make money off of their
unsuspecting victims. The New York
Graphic says the street is filled just now
with gratuitous advice to buy all the South
western stocks, including the Texas fancies
and host of other trash, the most of which
has never paid cent of interest and never
will, The cliques possibly expect an oppor-
tunity to unload again upon the public but
the market is so narrow and the distrust so
general, that the movement can hardly sue
coed. Intelligent and unprediudiC brokers
say that there is little or no legitimate out
side business in the Stock Exchange, and
stocks are simply moved up or down upon
the whims of the cliquer. Aside from this
the speculation has no feature, and the
grossest manipulation is evident to even the
most careless observer,
That we are a silver-producing nation is a
fact that strikes one with great force, when
reading the Census Bulletin on mining. In
1855 the product was $4,000; in 1860 1t was
$4,000 in 1865 il was Sll 100000; in 1870
il was SlG0O0,0000; in 1915 the amount
Jumped to S35, 100000, and in 1850 10 $751;
100000.
British exports increased during the
month of October nearly $l3,000,000, and
the imports increased at the same period
about Sl6,000,000 over those of the preced-
ing mon h.
The actual gold yield of California since
its discovery in lSiS is matter that can
never be ascertained, but it is of record that
the amount deposited in the mint up to 1880
was over $500, 100000.
Official reports of county assessors in Ne
yada, to the State Comptroller, show bull
lion yield for the first half of the year, 1881,
OF Si,5i2, 507, against S56SD, 1913 for the cor
responding half of 1880: and the full returns
for the year will doubtless show decrease
of S2,000,000.
The disbursements of the quartermaster
generals department. the last fiscal year
were. 81 1896 less than the appropriation,
$l3,S57,lS7.
The bonded Pacific railways earned
during the year for military transportation
SoOO,uO>, Withheld DN inc secretary oil the
Treasury, to be applied to liquidation of
their Indebtedness to the United States.
The total value of tariff rates for service
rendered to the war dcpdwmcnt by rail
roads during the year was 81 ,S07 $50.
We wonder sometimes why the United
States mint is manipulated SO as to make
gold coin inconvcnent for general circula-
ton. Why should more than half the coin
age Of last month have been in ten-dolnr
pieces? The gold coin most largely circu-
lated and convenient is about 81 in value.
Our tlve-dollar piece answers the purpose
excellently The ten-dollar coin is too
large. Why not use the mint to run out
the gold as the people want it? The double
eagle--S2O-is too clumsy for general use,
aud yet our mint has until recently been
devoted to it, If we are to be specie-pay-
ing nation we must be u specie handling
nation and gold coin should be in the peck
cts of the people, as well as in the vaults OF
of the bank.
DALLAS EXCHANGE AND COIN.
Buying Selling
New York Exchange ,..,,.,,...,,h@4 Par@ Z
81. !'nNs ACKNOWLEDGEMENTS,
NnCNsC '',''''''''''''.','''......
Galveston and Houston. ..........,h
Commercial exchange upon all points 4 to y
discount
sterling sight 81 IS.
Francs 5G5 10.
Marks -.
- Gold, silver other than trade dollars, par.
iraue uoilMS'....... NO cents
MeAichn uo,ln's' ''''''''''......'''',.''S 80
Mexican halves. ...,,.....,..........i 10
N n