The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-04-20
FINANCE AND COMMERCE


FIsAsCiAL,
sTItE Chitag1 Times says whcn y came 20 be
.cccpted A. "A settled fact Inst specie payments
would be resumed IN tho MICA 1hle. hnd
that nuctu ting and unstable ineIlum ol OK
.Iao,,e ,sotiid Le replaced by stable one, con.
ndegce was promptly restored, the long night OF
Industrial depression drew '9 ~ 'u.o, nlu lnc
1aSsr n,psnetlng ever since, Every willing hand
can nud enough 10 do ana BQod pay ior doing
a. The national revenues haNe lhtgely, N
rrea,ed. the rate of Interest on uIc plslic debt
md the principal Of the debt !is'lf have been
srTTihy cx s Of Italy seems to have been
wear eao Inc resolution TO make provision for
~,jesumppn aqd Stable cWIspcy was
Lcaanl.c.y .er.:th anu loan o.
gold and silver TO carry the rsolu,
Maitland the minister of finance, is able, In his
ol,ieial statement 10 dwell with pleasure upon
The progressive improvement of the finances
The surplus of 1881, which was estimated at no
more than 77j0,'O o. lire, rose to more Than six
times that sum. or 70, 900 lire Ordinary re-
repts exceeded ordinary expenses by liD,tUOOW
lire The surplus of the current year is cst-
mated at 70Oa,t0O lire Notwithstanding an addi-
tonal allotment of l2000,000 lire for army pur-
poses Sgnor Mazliani gives absolute assurance
That the abolition of the forced and deprecated
naper currency will speedily be accomplished.
And well may his government adhere to its wise
Z purpose since experience has once more prsYed
lhat nOnesl! IL lile pVsl polCy'
THE New York Evening Post of Yesterday pub
fishes the following version us to the sickness OF
the stock market:
is but one construction 10 be placed upon the
market that we have had during the past few
days. There Is extreme weakness and depres-
sion on one side, while there is u marked steadi-
ness and strength onthe other. The diff Of this
condition of affairs, TO our mind is that Mr.
Gould is manipulating certain stocks for lower
4, 1a 10 atl. ttf Ia fst
q future bull market most significant fact OF
the above condition of affairs is that Mr.. GOuldS
bank, where he keeps his largest deposit has
been for aSeek large creditor at the Clearing
house-As much rs $4,000 in Il single
day Yesterday this condition Of affairs
changed and this same bank has be
come a debtor to the extent OF Sl,7jO,-
600: This fact considered IN connection
with steadiness of certain stocks identihed with
MIR. Geulds interest is very significant and
leads To the conviction that he Is the supreme
controller of the market to-day lie is evident
ly. WIN 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 we usually issue, and we
have no hesitaHcy in stating TO our coustomers
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 as
10 force them 10 sell out.
There are one hundred and twenty-five bills
before congress for appropriations for public
buildings, the aggregate amount of money aked
being Sl7 00J. Five states asked more than
$1,000 each New O 9or6 6o demands $1,000
for h"dnr eGsei lion site of of bs old
Office in Nassau street. Brooklyn wishes an
$4,000 office; Rochester one to cost $780,
900; Troy, s250,0OO and Syracuse, 5000 600, Buff
falo asks S250O0 to enlarge her custom house.
Texas demands Si,525OC0; Kentucky demands
sl,l5GooO; Michigan, sl,O25,O0O; and Pennsyl
yania, 81, 0S5, 0oo Louisiana stops with an even
sl,N0.oO0. The states asking more than half
million dollars each are: California, 1915 COO |
illinois s75o0OO Ohio, sizes, COZ and North Caro-
Lima s520Ot.
THE New York World says: 1.-THE principal
Influence in the stock market up to July ! will
be the ease of the money market which Is as
,Sured. Tho payments by the government Tor
called bonds viii, within the next three months,
amount to not less than s55. 00O.UW for interest
BIS O0O 600 will be paid out of the national treast
AIRY, and about go 1000 more Will be paid by
RAILROAD and other corporations. Besides this
an enormtNs amount Of stock has recently been |
taken out of the market and the money therefor
will have to be reinvested. II Is reasonable to
the supply before the end of the fiscal year.
What is TO be done with 1t? 1t can't be invested
or renvested in governmest bonds, for they are
too scarce ana 100 ny ,, y VIII n9t go into real
ridden. 1t must go into good securities They
have suffered more OF D. duprcs siOn than they
have derived. and are the most inviting invest |
lnent the country OhCis
= THE protests tEd are coming 'p.0 Washington
npm bankers, Inerchnnl' 1.d al classes Of mc-
s'cdnRe men agglg-- w sage o. We 'ohH'e
senator's ana many Of theL. pbo we've a. ag,t Inc /
clined to accept he committees bill. nov say
that they are saiisIie ne measure is not one 70
be commended, and Gus 90 u- Hcitattd No
attempt will be made to sei pcuou on thg plll
during the absence of SenatSf ttmunIE Who
went south some two weeks ago IL iaa nope of
lie louo farfC health F n ra-
turns an effort will be made TO get the BIZ. before
the senate for consideration and early action.
The members of the Judiciary committee will
stand by the BILL but outside of the committee
the feeling does not seem TO be very friendly
towards IT, The indications point clearly to the
defeat of the committee bill when final action is
had
THE frequency and magnitude of fires occur
ring since the beginning of the current year in
this country are such as TO justify grave appre.
tensions on the part of the underwriters. Jan
nary commenced by achieving record involy-
ing an even sl0000,0OO total loss in the United
States and Canada, or nearly s3,W0Ut0 more
than for the same period last year. February
not quite so destructive-has, however, piled up
an aggregate loss anything but pleasant to con-
template while from the imperfect data now
accessible, II looks as though the month Just
ended would prove the most destructive March
known for some years The record of the large
fires for the single week commencing with The
23d uliimo and ending with the 3ts. shows a
wide range and large aggregate OF losses, footing
mp more than 81, 00OOoO. Beginning with the mill
fire at Leayenworth, entalng 5000 loss, we |
layc also sc5,oCC GrC az So Louis, $4,000 al
Cleveland, SIS coo at Cincinnati, s5Ni 90 at Rich
mond. $1,000 at Toronto, and $4,000 at Buff
faio besides the loss Of s75, 600 hotel at Kear-
sage mountain. The insurance involved in
these fires is about 500, 90. fully 100000 of
which will prove TO be a total loss 70 the conf
panies. These fires be II remembered, are only |
eight OF the more noticeable during seven days |
of the thirty-Onc.
DALLAS EXCHANGE AND COIN.
Buying. Selling. Buving Selling
n. Y. Ex. K@kPsraK st. Louis 1s9R Pare = |
chicago. h@xPar@n n. O.. ,h@&Par |
Exchange, all points >. tok discount. Stirling /
sight a. IS Francs. 5ee5 10 AaIkA 25.
Trade dollars. .eocts Mexican dollars. Scots
Mexican halves. .t0cts Mexican quarters lets. |
COMMERCIAL