The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-11-10
FINANCIAL.

The financial columns of the papers pub
lished in the great money centres of this
country are taken up with reports of sales
orstocks and bonds, and comments thereon.
With the single exception of the Chicago
Times, one would be led to Judge that
these papers are bought up in the interests
ofeither the bulls" or the bears" The
Chicago Times, however, displays an hon
csty in its opposition to protection tariff,
aud fairness in all matters except its oh
iections to the purchase of the continued
bonds, in which we accredit it with honesty
that we are constrained to
give il the credit it deserves
We copy two paragraphs from leading pa
perS of the country, which are so widely
apart in their opinions in which, under
any view of the case, they should nearly
agree, that we are constrained to believe
that some influence outside of the true
facts controls them in their statements.
The first is from the New York Evening
Mail, which says:
"TeXas Pacific will give the Southern
Pacific a longer haul than can be afforded
by transferring business to the Atchison
Topeka Il Santa Fc, aud will have better
connections eastward than any other Texas
road. Hence for a year to come, or until
the completion of the Southern Pacific line
and New Orleans, Texas Pacific will oc-
cupy a favored spot, and par is confidently
predicted for the stock"
The Chicago lnter-Occan Of the same date.
has the following "Forty-seven and three
eelghths was the highest price touched by
IeHas racine last year it closed Saturday
at 56l. The stun is actually worthless, the
road is not earning the interest on its bonds,
aud an intelligent prairic-dog would not
llVc ON the so-called valuable lands be-
longing to the company. New York houses
say that the stock is not controlled by a
pool.
Now the above is a fair sample of what
appears in many of the metropolitan
journals Of the north ana east, and iustiiics
the belicfthat they are controlled by some
outside influence, beyond giving the facts
Us they transpire and the true status of
bonds and stocks Offered in the markets.
An exchange says the people prefer to
use paper certificates rather than the coin
which the certificates represent. Treasurer
Glliillan's annual report shows how much
the use of them increased during last year.
The amount outstanding at the end of the
fiscal year was SOL l6G53O to Sl2,374,-
20 at he end of the preceding
year. OF the sos, 322 7O5 Bland
silver dollars, S65 9i0, 20 were in the vaults
1.-THE treasury at the end Of the year, the
total amount of gold AND silver ON hand
being $500, 1O6 1886. 1t is probable the
amount would be much increased were
more certificates issued The convenience
OF the paper substitute for coin is such that
the people. would gladly use it, permitting
all the. gold and all but the small silver
COINS TO he IN the treasury. The paper cur
rcncy OF the country might he much ey
tended, and to the general satisfaction of
the people: by the issue of paper certificates
to represent every coin of the United States
oi denomination of one dollar or more.
An ounce of silver is worth Sl0i: pound
sixteen ounces, $l6.S0, a ton (2,2l0poundsl.
So 6j2 cubic inch is worth Sll; a cubic
foot, Slo,oOs a cubic yard, 5l3,2l6 The
largest nugget yet obtained was produced i'm
Arizona, and weighed 1920 ounces valued
nj S3i, 800, The amount of silver in exist
rNce, IN the shape of coin, bullion, watches
l'W"lry, and other ornaments, is estimated
'u ne S6,3UOOO,0OO which, if melted into
one mass could he contained in n cube of
siNtNilyc feet.
Tine anount paid on annual and accrued
pensions by the bureau up to the end of
June, this year, was $40. 2S31l7. The az
Eregale annual value ofall pensionsis S2S,-
169,B7.
The treasury department offers to pur.
chase extended bonds to the amount of
S2ooO,oOO each Wednesday until further
notice.
The British board of trade returns for
October show an increase of exports of CO.
53D,02l, and an increase of imports of 81
S7l ,2H}, compared with the same month last
year.
Houston & Texas stock is selling at 30.
DALLAS EXCHANGE AND COIN.
Buying. Selling
81 Louis .............
NWVhEu ''''''' ACKNOWLEDGEMENTS"
~" NliNohn' .,,s'''s's'ssss,,,,s.,,,.
Galveston and Houston Il"
Commercial exchange upon all points y tok
discount ~
Sterling sight 81 IS.
Francs 5g5 TO-
Marks 25
=, Gold, silver other than trade dollars, par.
Irhue uOllhrs, ,,,.,..,.,.,,.....,..,., 10 cents
s,cAiCuh uoilhrs' OBSERVATION-DISCLOSURES. 50
McAiouh huNcS. '''...''.,,,.,,,,,,.,. 10
"eN'V"n pu"rciS' '''''''''',.,,,,.,,,,., 10
- s--s