The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-02-15
Financial ana oommerciai Notes.

Financial and COMMERCIAL Notes.
The New York Sun glves some interesting
statistcs about tn ilCrrase of our exports to
the rest OF the world-such as building twelve
hundi ed miles OF telegraph by Americans in
CHM; exporting early nite million feet Of
lumber from Oroa N i0the same couniiyj and
sending Beyenty-sIX thousand cattle and one
hundred and tntftyilve thousand sheep and
hogs 10 England, where none had over been
seen from our country five years before. We
produce $50, i 90 900 worth of blk year, and
our consul (PeixOte) Mt Lyons thinks that
France Will begin to take our SIR. We are
putting oysters into herman wgler, painted
earthea tiles into England, lager bter into
New Zealand, watches into switzerland and
wheat into Russia
The Cincinnati Enqsrer says There Is no
great staple in tue world 80 wasteluly handled
and prepared for market rs notson, unless 1t
be sugar, which still rests under the blight OF
slavery, which has been removed fgom cotton.
III cotton were properly packed aud baed, IL
would bring 40 per cent more than now,
and II properly ginned, t9e quality below
middling would command nom to per
cent. more. The greater part OF the cotton
crop deteriOratas 10 per ceuI from the time 1t
is picked till It Is turned utirom the com press
for shipm5nt north II can be far more eiil-
ciently cleaned before 10 Is packed than after
ward ana with Cnc.thhd Of tho labor. There
Is a richer profit 90 The southern people in td-
proving their methods Of picking, ginning
and ballng tho cotton lhan In their eNtray-
CANT hopes Of its manufacture duWA there"
That paper, The Enquirer, should have
stated the gins we use axe all made up north
They are poorly made and do Imperfect work,
We need gins ineue 10 home and of better
quality and the sooner we have gin Gnd cot
ton factories too the better The south
has folly made up Its mind 20
manufacture cotton upoh aerand scale and
the day win cpme when l. viii be as hard 10
get the shipment ola bale from no as IL ~ now
10 get q sh'pment ofr2w Silk from China.
Last week the sock transactions IN New
York ware only four thousand shares under
three millions. 1t may he said that the week
ly shures for the past month have averaged
three Millions, which Ell an average value
of $50 a share, makes $3.50, goo, coo as sales per
week
New York brokers for tho gamblers in future
cnttonn are paid 100000 per day as commits
slons The telegraph con- pany makes another
Sl0, 600. Like bstttrs at faro the cation gam
bier 10 sooner or later fleeced OF his last cent
the owners Gnd runners Of the game If he sticks
long enough New YCak years and yeats $50
lost lis real cotton trade through the uishon.
esty of Its detlers, but Is now fOurishng by
bleeding country fools who put NY their
money upon futures. They are truly objects
While the Americans are discussing free
ships or SUI slides, Great Britain last year
launched b0S Iron steamships, sggregating
QUO, 100 tons American merchant ships are
chiefly engaged now In distant voyages, such
as that flom California around Capes lloru
aud Good Aopa to the East indies, where
steamships eau not compete. \ steamer load
or grain has never yet been carried from CAL
ifurniQ TO Europe, but IL Will be ATTEMPTED
this year, under the offer of $50 u ton for the
round voyage The journey WOHld take alb nut
fourteen hundred tons OF coal,
New York hotels are charging double their
price before business resumed Prices range
from S3 10 SIS per day. One man and his VIE
pays $50 900 per year for six rooms at the
Victoria, but six rooms are too many for two
people.
total cost ofhauliug the o5elisk from the n lie
TO the Hudson. Rumor saye that II was $780,.
900, besides $4,000 for the pedestal. The whole
thing was superiluous, and the same amount
OF money might have given us really nue
statuary monument, or gallery of casts of all
the naive sculpture 10 the country,
Green ID. KSum claims to have stopped
Illicit whiskey making to the eXtont OF one
hundred m .llien gallons dsy, which was a
loss of 600, 600 per day 10 the revenue. He
Gays that most OF tho mO0nshners were
Union men. driven int outlawry during the
war, who began distlliing as u means of sup.
pOri. The busiAess OF placing supervision
over tho distillers instead of istting them
swear TO the results raised the revenue from
$4,000 O0e to S45. 00e000 u year. In 1876 there
We're six thousand Illicit stills In tho mOun-
tain districts of the south, and some years
afterwards three thousand men made Il vol
untary surrender Of themselves, and admitted
TO having been muOnshlners.
The stock OF the new telegraph company or
ganlzed In Chicago Is to De appOrtioned as
follows:
Chicago. So. $500. 600 Milwaukee,. 300
Buffalo ..... tO,0O0l Clevel9nd".. % eco
TOledo.,... 81 600 New York.. 100000
Detrolt....'.,.. 5Oi we -
II that Is nj the money the concern can
raise II will take y long time to get up
much opposition TO the mOnOpOly
A few lines will DO run between the
blg cities and rates reduced, but the country
outside and 10 its remDtest points will be re-
quested to make good the reduction. 10 has
taken the Western Union and its predeCes-
sors forty years to build the existing lines of
to-day, aud although we do things quicker
thnn we. used to tue construction of vast
system OF wires which will AMOUNT to real
opposition will not be accomplished in few
months, in q few years, nor in less than ten
years. The government wouldn't build ten
miles month. AS we are completely nc the
mercy of JAY Gould, II Is hopOdhc will make
good his recent promise, reduce the rates cheap
er than ever. But az he has little matter
OF $50 ,000, 600 Of canital atock, or ab 1ut So
COO, 600 more than The three companies held be-
fore consolidation, upon which TO make diyl-
dends by the workings OF the lines, can he re-
duce the rates a single cent? Did monopoly
ever lower price voluntarily? Perhaps 10,
bat the instances can be mum bered on the iln-
gers Of one hand.