The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-04-18
FINANCE AND COTTON.
FINANCIAL


THE Chicago Times says when Il came to be I
..sntea as a settled fact that specie payments
,sonld be resumed In the United States, and
,bsta nuctu ting and unstable medium ofeJ- i
hsnre would be replaced by a stable one con- p
S5epCe was promptly restored, the long night of
Industrial depression drew 10 a close, aud the J
day Of prosperity dawncd. The country has
been prosperlne ever since Every willing hand
esn ind enough to do, aud good pay for doing
!, The national revenues have largely in F,
creased the Iale of interest on the public debt /
and the principal of the debt itself have been
Greatly reduced
unch like our own. something more than q
Tear ago the resolution to make provision for
resumption and u stable currency was
S SSia and silver TO carry the re,ol1,
5on into effect was authorized And now Signor
Nazuana, the minister of finance. is able, In his
o6cal statement, to dwell with pleasure upon
me progressive improvement OF the finances.
the surplus of 1881, which was estimated at no
more than 7,750,0l lire, rose 10 more than six
times that sum, or ~, coo 0 lire, Ordinary re-
ceipts exceeded ordinary expenses by 100000
ire The surplus Of the current year is esu-
mated at 7,0OO,to0 lire, Notwithstanding an addl.
iioual allotment of II 00000O lire for army pur-
poses signor Mazliani gives absolute assurance
hat the abolition of the forced and deprecated
PAPER currency will speedily be accomplished
And well may his government adhere To It's wise
nurpose since experience has once more proved
hat honesty is the best policy
THE New York Evening Post Of yesterday pub
fishes the following version as to the sickness Of
the stock market:
10 old experienced Wall street heads there
Is but one construction to be placed upon the
market that we have had during the past few
days. There is extreme weakness and dcpreS-
sion on one side, while there Is a marked steadi-
ness and strength on the other. The drift of this
condition of affairs to our mind. is that Mr.,
4. 1FNt,. tain
prices, While he is buying Others with view to
a future bull market. A most significant fact of
the above condition of affairs is that Mr.. Goulds
bank where he keeps his largest deposit has
been for Il week u large creditor at the Clearing
house--as much as S2,500.Ol0 in single
day. Yesterday this condition of affairs
changed, and this same bank has be-
come n debtor TO the extent of sli50,-
600 This fact considered In connection
with steadneSs of certain stocks identified with
Mr. Goulds interest is very significant and
leads to the conviction that he is the supreme
controller of the market to-day. He is evident
ly, with the control of the Vanderbilt markets,
buying his own securities, and creating among
the holders of his securities distrust based up
on the weakness of the general list This re-
sumo differs from what wo usually issue, and we
have no hesituscy in stating to our cOustomcrS
that the market is being manipulated by Mr.
Could with Mr. Vanderbilts approval for the
purpose OF buying stocks and creating such a
distrust among holders for the long account us
i''NN ''N'' - 'N"'''
There are one hundred aud twenty-five bills
before cOhSLc's lOr HpPlopIia'iioHla luI Pupu9
puill'Ss' ts ~ Hssigsa.e VI iioies aSeu
eellg SiIooloo' rNS st'cS nsne1 ni S iso aaa
sl,WOWO ench. New lork uehlands 60, ioVVoV
OF wnlch shov'Uo Is ueslreu
Tor the crectoll Oh gov
eInmeht ouildlhg on tne sue o. the otu posi-,
$4,000 post office Rochester one TO cost $500
oO; Troy, s2oO, wv ana syracuse, w ,OVo' Bui'
lalo ASKS s2oOuo 70 emlarSe ner custom mouse.
Texas dcmanlS ShoS,uDi henlucky demands
sl,loOoOOi Mlcngail 5l,o21OOOi ana fehnsyl'
yania u, OS5,0oO Louisiana stops with an even
NWOW0 Inc stalss asking more thhn hall Il
million dollars eaGh are Calilorhia, sS'5,0O0
Illinois, SOU wv; ONO s'UoVoo; ana North caro-
INA, solOVoJ
THE New York World says The principal
influence in the stock market up To July ! viii
be the ease of the money market, which Is as
sured. The payments by tho government fol
amount TO not less thai s55,VVoOOtf Tor intercs
sl5,W1O0O VIII DC pald out OF inc national treas
ury, anu hpout ;ZV,oVpuUo more VIII pc PAM D!
railroa. anu otler cotPorauohs, BESIDES thls
an enormous amount OF sloch nus recently Deei
mken out OF the Market ana tue money thcrefo
VIII have TO be relnvested' IL Is reasonable u
sY that SlonVNUVJ OF money WIN DC ADDED u
tlesuppy before inc END oil the lscal year
what is TO be done with w IL can't be lnyestc
or reihvesled III goNerhmest ponds, Tor they ar
too scarce and too high II VIII not 60 into roa
estate, for II IS AZ fancy prices ana dreadilly TAX
ridden. IL must so INTO COCA securities Inc
have suffered more OF q depression than the
have derived, ana are III most inviting invest
ment the country oilers ,,.,,,-
TIE pr3tests that ate coming iu'o MnshigkVo
from bankers, merchahlS, anu nll elsssSs Oh mo-
camille men agalllst lhe passage Oh me sehh'
bankruptcy bill are having a nna'Keu eilect upo
senator's ahh maiiy Oh mem Wno WGI S NJ htstii
chneI 70 accept NE conlihll1Ve pili, now 81
ihat they are SauslSu tne measure Is NOT 10 !
DC commenced anu ought 10 De defeated. a
MenPt WIN DC nla'e 10 svt hcuo,i Oh ,hc "
uurihs the aoseive oi senator n.'ihunus, WI
went sputh So'1o Mp MSek f nEI III ,Ie h1pe
IMPROVING iis ua u nealt hc III, h h
Turns ail ei'ott wiz ~ lavo .o KY 'i,o PHI oeio
N.Y. ny Sv,,aSH io' ,a an'o a,',o
I, me M ,Sn II te ytUIdn I'm
sSn ~ NV % Dot sue 10 wv
rbn ;1toSins W ", ~
49,, %, ,bo nn,r,,i,,o" Mi ,Ia Gn"i oo ~
b0S VI ''' 'o"'''''''' o''' "''''' N''"' "''''"
"""
nm, c.,,r,no,. an, ,,,nr,,,i,,o -, o,,s ooo,
IT, W ~ ~ 4, ~" -, ~ ~ ~ ,'. 49, 49,
this cnuntry oro such M IN mStirv rrHvc ann nnnr
nary commenced bv achieving A record inyoi
am nnn, ~.