The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-11-16
FINANCIAL.

TIE Wall Street News says: The sooner our
readers get IL out of their heads that the elec-
ton is the disturbing feature IN TINS market we
better. The election is only one point in the
situation as evincing the desire of the people 10
overthrow monopoly and compel reasohGoie
observance of the duties of public servants. The
main factor in the speculation is the rottenness
of the majority of the corporations whose stocks
are now dealt in upon the exchange: MOST OIL
these companies have been obtaining me
money to pay interest ana dvidehus out 81 ahe
all kinds of stocks and bonds with
ont question, relying upon the assurances
of the managers as TO gross and net
earnings. Now, when the buying capacity OF
the public has been exhausted the corporations
can get no more money, aud their bankruptcy Is
only the question of few weeks or months.
The Wabash, the Denver q kio Granue, tn re
have existed in this manner, and as their earn;
ings are not sufficient 10 pay fixed charges, ana
no more securities can be sold, Ihey VIII newt
ABLY collapse. Nobody cares to lend them
money when there is no earthly prospect OF get
ting ii back and those who have already been
singed will not be inclined to throw good money
alter bad. when solid stocks are getting hurt II
Is n poor time 10 hold on 10 those that are un-
questionably tainted.
THE credit ofthe United states government is
said. upon what appears to be very COCO hu,
thority. TO be the best Of any government In the
world First Comptroller of the Treasury Law
rence recently stated that while British consols,
which are perpetual ana pa! pes cent? ~.
worth only g3 cents on the dollar; our-3 per cent
bonds now being issued, and which are liable
10 be called in within few years are worth
premium of per cent He expressed the opin.
ion that II these per cents. were certain not 70
be paid inside Of 10 years, they would sell AZ 2
premium Of from TO 10 per cent. The reason
assigned for the high standing OF bonds Is thal
the banks, which must have bonds as the basis
OF their circulation, hold large numbers OF them
and their requirements keep up the price.
our tariff imposes a duty OF 10 per cent on i'm
ported bananas and plautains, 20 per cent. on
piSeapp,es and cents per pound on coeoanuls
Last year we imported bananas and plantalns .
the value of tG5AOO. and collected duties or
them 70 the amount of t6bOo9 pineapples " the
value OF sl2i 659 and collected duties on them
20 the amount Of $1,000 aud cOcoanus 70 tne
value Of els, 600 and collected duties on them y
the amount Of 500. The total revenue SERVED
from thess three articles was %, 0oQ The con
sumption Of foreign fruits and nuts in this -
try Il largely increasing
The mines Of the Wood river arc saw Ioo, ,l
districts Of Idaho. win. Il f. estimated, yield
81 600 600 in bullion during the present year
which Is double the yield Of the territory o
Idaho three years ago. whcn these districts wer'
s,aasly being made in these districts M,
amount Of capital invested 10 mines IN I'M
Wood river district alone this year VII be owe
4 new smelling establishment went into op
Grafton al Beadville last month. with suthcien
ores on hand b keep II running Tor iWelV'
months 10 come. Beadyiile nov hes twenty
eight furnaces in operation. AL Of which com
bIued are unequal % the wOrf Of treating IN
ores produced In that locality. and large quaint
ties are sent 70 Denver and other pisces ,"
Ths provincial imnigrstion scent states TIA
~ "a 40 va brought into Namt0ta By Europe
ens 0ulr. He estimates that Americans broush
- on 90 and Comedians IS 00l1l4
The Banters ana Hershanis telegraph CON
uarr's stock has been recommended 70 pe h-iei
-. a a. uaN