The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-03-24
FINANCE AND COTTON
FINANCIAL.

FINANCIAL.
mares of the Union Generate were worth
~ ,,,ss al the end of 1880; at the end of last
1asrhad advanced TO 9, 800. The only ground
Az. ADVANCE was the liberal watering of the
We he capital, which began at 5000, 600.
..n.en increased to slG0@0,0, Sl5, 00,0lO, and
IN 10 SO, 00,OC0 for which the purchasers
y p.ii IS per cent and % mi,ams, amount;
X Il all to $ 1000 =, snS stoesholiers had
er,rant the rapid rise in the quotations of
,,ock, But the concern was rich in ex-
,.ionS It's deposits rose from 220Ou.-
s"ncs in 1915 the first year of its existence
", 40 OOO last November, of which $1,000, 600
t..oa GALL II established branch banks in vari-
/ : mnpean cities, and undertook vast con
IN ior railroad building, mining and other
{ssnrses IN Austria, Servia and elsewhere.
N November il was decided to increase the
s'nl stock again by selling loo ZOO worth
thares for eli, 000 OJO. 1t was represented that
N we're undivided earnings amounting Ia
IN nine million dollars, aud the shares at
5dtme had gone up TO 800 francs. A CLIQUE
{iSborts' in the stock had the reputation of
{esf something like 100000 on their deal
IN Il han since TRANSFERRED that the Union
Feerse kept the price Of its shares up by
EgIDg them itself a considerable portion of
6es& therefore, must consist of its own
La A suspicion of this kind is not calcu-
f,lto keep the price of shares up and by the
IN Of January the price had fallen to 81, 100.
Taf secretary Of the treasury will issue cir
IsNGDn0uncing the decision made by the Su.
kmme court in the sugar eases, and the changes
EAergulationS of the department in regard
EAemte OF duties upon sugars, as the decision
Ihe court confines the imposition of duty to
EMOr test The regulations OF the depart.
other tests and the polariscope
EmiuatiOns are abrOgated These regulations
krhen in force since September 1879. and
EeNess OF duties charged during that time will
kNpb be refunded TO the importers At the
sa1y department there has been no estimate
Eaned 1.-THE eXact amountwhichw will have to be
khnied II is known, however, that tho
|nsult involved in the cases at the port of New
|IgsaDne is 81, 10000, and it is thought that
L entire amount will reach 81 500, OOo or s., 900.
N There viii also have TO be changes made
Z The form OF blanks, which now require
|Tlisope examination. Altogether the Aecis.
|nEll make quite heavy drain upon the
kgny
iM Post says The failure of L. A. Des-
rNis was this afternoon, announced, and
rth Of Denver " Rio Grande, New Jersey
Qinl, Erie X Missouri Pacific were bought in
sAtl AlV iNAN i'A mo uiNbullL DbSUuTClS MtlS
Miarge trader, but is one of the bears who
hd to cover when the upward reaction began.
lkhrge bears who have notcoyered are strong
cash. and can stand heavy losses Ii
worthy of remark that while the heavy
kh1e OF the last nine months forced no failures
Ehebull side, the first important upward reac-
n brings failures on the bears. To those who
Eafstand the ways of Wall street speculation
us not strange for while cash is the main
,hofthe bulls stock .in-trade, that ofthe bears
'1st OF what may be dignifed as courage to
aher peoples property, and the power 10
Ne holders of stock so sick of their holdings
Ghey will sacrifice them. A member of the
idexchange can do more on the bear side of
! market with $4,000 Fash than he could on
kbl side with 100000.
iE Banker and Broker mas this: General
Nations strongly favor the belief that n ppr. +
l1ent bull movement has commenced. No fire |
fS are likely for some time, but steady APP
ltailon of the Vanderbilt and Gould securi-
\ Followed by all of the lately depressed
us That have any attraction 10 investors.
IDS certain II is certain that the public has
loeen holding for some time past, and that
bulk of securities is in the hands of dealers
managers from where they will not be taken
iny quantity soon, except by the better in.
ned investors TO hold for much higher prices.
sMosi rapid bear must feel that prices of Sc
lues re below the condition of the country.
inc price OF labor and products, and any
sral talk on the bear line Is from biliousnesS.
lcoyer short sales"
~ heene's bear paper, the Wall Street News, /
ms way about the present deal: I'VE pro. .
10 MT the prices ofthc leading stocks about
itenl day for several weeks to come" il /
Information given In the papers controlled ,
ae new bull syndicate. Not a word as 10 the I
lhgs OF the propertiesnor of the better pros |
y simply an attempt TO restore the conf !
nOt a swindled community in various cor |
lions by bidding up stock exchange quota !
|. But how long can Il last Not very long, |
Fe certain, for facts will tell. stocks bought
10 be paid for, and great many more nre
ug INTO the possession of the bull clique
most people dream Of. The roads are put /
eif wits end TO borrow money, and their ex- I
ues are sure to bring them up with short
In the courts.
iERY high price was obtained In New York
unique Confederate coin at the sale of the
zion of John II. Scott. A Confederate half
y OF 1861 was bid OF ut $50 on an order sent
10 sncuoneer previous to the sale. 1t was
lased In the name of South" the auction |
eclining TO say who tho purchaser was. |
SAID that only four OF these half dollars
ever struck One was In Jefferson Davis
sSion al the time of his.capture, and has no,
been heard Of aud there Is no trace of the
two. of the four; therefore the only one
: known TO be eNtant is the one sold to-day 1
We're many other coins sold at very high
: Fer instance, the celebrated sommer
rs slNpenee, the only known specimen |
sht slN Il was secured by South" A
hg piece of the Sommer islands, part of the
money coined In America, of which there /
10Y more than six specimens In existance
d In l6ld, sold for $50
TROY, New York, correspondent writes.
\ bills. ranging In denomination from So To |
nave been accepted at banks In this city, |
a. IL Is discovered, are an inch short of the |
.ar size, The persons engaged in the fraud !
Unknown. They have reaped rich har. |
me device consists of cutting two.thirds !
a 1ill, and then one.elghth is cut from an. |
Dill OF the same denomination and the two
; ATE pasted together, making an appar- !
genuine bank note. Five 81 bills In this |
Q SEQ" ''"'
DALLAS EXCHANGE AND COIN.
buying. Selling. Buying. Selling |
!, Ex' hakpr@A ST. Louis I.nAPar@S |
am h@APar@A N. 0,...k@A ParGpA I
eslon y :, Para Y Houston..H Par0pA \
.ehangc, al points X to Y discount. Sterling !
tg y Francs, sos lc. Marks, 25.
y dollars .eocts Mexican dollars. scots !
'cah halves. .aOcts Mexican quarters. lscts |
COTTON.
Z receipts by wagon to-day were thirty |
aud by rail about ten bales The roads I
improving very rapidly, hut in the lanes and /