The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-12-04
FINANCIAL.

ALL the financial columns Of papers pub
Hshed al the money centres Of the country,
give evidence of growing demand for gov
eminent and other secure bonds, and also
for good .diyidend'paying stocks. The
amount OF money now in the East seeking
profitable Investment is greater than II ever
has been before, and II is increasing daily,
and will continue 10 increase. The amount
invested in internal improvements is
not lost even to these capitalists at
the North, for II returns to them in
interest on their investments for material,
supplies and in many other ways, and
each year hnds them possessed OF about the
same actual amount Of money to invest
AGAR In the same way. A comparison of
prices Of iirst-clns5 bonds show that there
has been in the past year an advance in
each successive month"; and apparently the
end is not yet. And all this is an evidence
Of substantial prosperity, of which the
South u now being recognized as the
best field for Improvements of a
national character, with assuran-
ces of perfect security for any
and all investments made in developing
its great resources and industries. Texas
is receiving her full share Of all the benefits
arising from this abundance of money, and
who can predict to what greatness she will
attain IN the near future, or when the sys-
ltIll vi IullTOblS llDW ullItT CONTRADICTION
ana IN contemplation are completed,
THE report Of the Naval Advisory Board
was made public hv the Secretary Of the
Navy on Wednesday, II recommends the
construction OF IS unarmOred cruising yes
Sels and number of rams, torpedo gunboats
and torpedo boats. The numbers and
types OF vessels that will be available
Tor service IN the navy at the expiration OF
eight years il the programme devised by
the Advisory Board Is adopted, win be as
follows: Twenty-one ironclads, seventy
unnrmored cruisers five rams, five torpedo
gunboats and twenty torpedo boats.
The government receipts during the
month of November will fall short OF s30,-
OvOWO the expenditures will aggregate
more than Sl6,0O0000. The public debt
statement, to be issued tomorrow will
show reduction Of between $700OO0O and
$S,UO,0O0.
A DEBT Of S22,00O,0OO hangs over the Dis
trict OF Columbia, which the United States |
q, lnrpe arc asked to pay to relieve the Dis
trict government.
An eIurt VIII be made TO obtain from !
Congress larger appropriation for the Life
Saving Service Of the United States The |
amount Mt present granted is $500, 900, which |
is 100000 less than is absolutely needed.
There are on file in the clerks office of |
the House 1900 Southern claims that have
been rejected by the Southern Claims Com
mission and brought to Congress for action.
There are also 5000 cases dcbarrcd for non
prosecution, which have never been acted
ON In any way, on file.
The largest English gold coin is the SOW
ereign, equivalent to $4.S6I of American
money, while in France, out of a total
coinage during the last II years of 81 ,743,.
2SS,VOO Of gold nearly 80 per cent was in
pieces 0fless than 50.
The largest accumulation Of money in the
savings banks of California was in 1877,
when the line reached over $40, 600 600 The
returns for July, 1891, show total of $iO,-
During last week 397g07 standard silver
dollars were put into circulation, against
fV0n'' the corresponding period in 1880
Inc national banks outside of New York
mold more gold than they ever held before.
DALLAS EXCHANGE AND COIN
New York Exchange. Buying S Selling
ON LOUIS OBSERVATION-DISCLOSURES"
SmVhbV' '''''''' '.''',.,....,..,,..,,"
NuW prlchllh Observation-Disclosures.
Galveston and Houston. ..,......,S,
discount w.
Sterling sight q 81.
Francs 5@5 10
Marks 25
=, Gold, silver, other than trade dollars, par.
=, NY uoiInin w cents.
M M Aican uoilhts' ''''''''''..............S 80
m Nichh hhlVeS.. .,.......,,,.,.....,.. 40
hVAiV"h quhrWts'. '.',...,..,..,,.,,,,,, 10