The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-08-17
FINANCIAL AND COTTON.
FINANCIAL.

g., sseret Of strength of the security mark ct
lsasV orS Is the exclusive buying by the pub.
hNsss,cs each wear has more and more money
~ ~, The public now appear to be in
p.Hua.a5 in their purchases mainly by two con
pggs.ssstons-One that. even with short yield Of
hle. c,ops here and there. the country, as u
S Sns viii have the largest crops ever pro,
suo1 and from the present indications will
aueVS nod market for them; and the other
hne,Ss frunk lines policy this year,,is directed
nssssnrlnr iull rates for freight where year
wy. nuTpose seemed TO be the reverse In
NJ words, the public in buying shares in rail
W.. .S nr5perty are counting on large tonnage
IA an rOnd rates for the same. Indications
Snni nv noiut TO another bull movement leading
S 80 ors having been large buyers on the
vssSsnt decline, There is considerable short
interest in the market, TACT which Will assist
y, ~, Law Gould said yesterday that he thought
i, a ae,rii he impossible to ho. d the market down
.,v LANCER as people who buy this year
a. mo, part with stocks SO readily as heretofore
M. aiyices were that we shall have the best
H IONS we have had since 1879 and IN immense
Ssnsnd for them from abroad.
~snmeihing more than half of tho 100000
.s,ss al land in Kansas Is not taxed. The ag-
or,gate value of the taNablo lands In tho state
ssss IN O2S, which is figured on a basis of q
ssction less than $40 per acre.
III estimated that ince 1854 the territory of
tlSho has produced upwards ofsgO, 0000 o in god
Tbs amount of notes issued by all the national
hanks is stated by the comptroller of currency
"a he .70O0IOt0 less than the amount they arc
entitled TO issue under the law,
The Iowa central company notifies tho stock
exchange OF q proposed issue of 1850 shares
ofneg stock of which L. 900 shares will De used
IN ACQUIRING new road and 800 in retiring old
stock "
lot. 4 u hus sold
nI lCO an advance Of siOJO over the last pre-
vops price paid for membership
The bank of England discount rate is expected
n he raised to four per cent
The revenue Of Mexico in the last fiscal year
amounted to S215OOO0O.
AsrccFssloN of seven crop failures Is a severe
aY upon Country's resources. The London
telegraph comments on the probability that the
wear iss1 will add to the long list of English dis
.sers of this kind mild winter and an early
spring we're offset by cold blight In April,
Su ungenial May" and "a dripping June
The hay harvest was interrupted by perpetual
showers" the wheat shrivelled and the roots
were ChOked and even with the help of IA
warm still and dry August the crops will fall
below good average. without rejoicing IN
Mybody's msfortunes, 1t may be said that In
hk case they will enlarge the profitable market
6r the plentiful harvests which are promised
Inc United States.
Senator Beck says that the knit goods bill Is
not a law, the body of the act referring TO
wong section Of the Revised Statutes for amend
ment that the finance committee put in the right
section because ii was necessary to correct the
error and make the bill valid and that this last
amendment OF the senate committee was drop.
ned because ii was Known that there was no
quorum Of the house to agree to the amendment
sad pass the bill He says that the courts will
hsrn this from the public record and will be
bound TO set aside the pretended law, If the sec
n.sry Of the treasury shall act on it. lie thinks
tho merchants will resist the collection Of the
Increased duty, and that number of suits will
bebrought to test the power of the treasury OIL.
GERS to collect H.
Dispatches from London yesterday STAYED that
M GOwen has secured SIS, 600, 900 ON his I've per
cent bonds. having disposed of that smoxnt 10
lLondon syndicate. The rest of the $3.50, 90 900 !
will be placed on the general market This Is |
not a cheering outlook for the success Of the
loan
DALLAS EXCHANGE AND COIN.
Mic Ex' HSxpar@s St. Louis X OK Par@sS
Chicago. .h@%Par@A N. o.. H@xPar@& |
Galveston \ Par@A Houston..h Par@k
Exchange, all points Y kdiscount Sterling
sgat 81 IS, Francs, sos 10. Marks, 25.
Trade dollars. scots. Mexican dollars. 80
Mexican halves. .4Octs. Mexican quarters Is