The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-03-10
FINANCE AND COMMERCE
FINANCIAL.

FINANCIAL.
The price of seats in the New York stock
exchange is regarded as a pretty good index
of the hOpefulncss or depression of the pub
lie mind. When speculation. was very act
i've, some eight months ago, and the pros
poets ahead were bright, few seats were
sold at $4,000 apiece. Within the past
three months the price has ranged from
S27 600 to $4,000. Another booming mar
ket it is expected will send the price up to
the highest point again. Only two years
ago seat could be bought for SIT, and
u year alter the panic seats went begging a.
5000. Only 1000 persons are privileged to
hold seats in the stock exchange For n
while after 1873 brokers could hardly make
their salt. Now the average sum from COM
missions on purchases alone that goes daily
into the pockets of these thousand brokers
is over $4,000. Their interest charges and
other sources of profit are estimated to fully
pay the expenses of their business.
Some idea of the magnitude OF the specu-
latlon now being arranged on the bourses
of France will be gathered from the figures
of the Bank Of Franc. published re-
Gently. Its note circulation has risen to
tll5,UO,OOO, and its discounts and advances
to to3OVO,OOO. While credit is so dstended
III
talk the worst being over. Mercantile bust
ness is not in need of much more capital to-
day i'll France than it was three years ago,
and then the note circulation of the bank
was only sol 100000, and the discounts and
advances under $50, 900, all told The
difference between then and now is due i'm
great measure to bubble blowing. Is it to
be supposed that the throes OF a single
bourse liquidation, however agonizing, can
obliterate the result Of years of folly?
The New York Herald, in an article favor
ing the establishment of postal savings
banks in the United States, cites the history
Of those i'll Great Britain, and says: while
the main purpose of postal savings banks is
to encourage thrift and economy among
the people by atfording them the most CON
yenient and secure means for saving their
earnings, the management of the banks
has been money gain to the British gov
eminent. According to a late report of the
postmaster-gcnera Of the United Kingdom.
the amount of surplus interest arising from
Investments and paid into the eXcheguer as
net. gain during the three years ending
with 1879 was more than one and three
quarter million dollars, while the same
authority reports that since their establish
ment, 20 years ago, the government has re-
allied from the banks net profit of more
than $1,000, 600"
The New York Indicator publishes the
following summary of disbursements that
Will be made in this country during the
present month:
Railroad bonds .",:.,.. .s26, 490S5 s L7793jl
Railroad stock dividends. 2l5li5ll9 l,Sl939O
state bonds ,.,..,....". 2,925,0l0 03. 1870
Municipal sccurue....... l3,5O6,527 3s2,25O
miscellaneous. ....,....,., 6G.SS0,732 l,S27. 1856
Total, ...... ,S5i6, GlS,2G Sli.4Io,GO7
Among the railroad dividends that will
be paid the LIST of this month are the fol-
lowing:
Amount Per ct Amount
Name OF corporation of stock. div pnynbls
Chicago & Eastn MS 100000 3 1900
Chicago, Burlington Il
Quincy. 55,26S,C00 ? l,lO5, 500
Chicago II Alton...... I,lslM li7,273
Chicago y Alton pref. 2t2l4OO 1 s9,Ol6
Ghicae91 Northwestn 2l,525S52 ~ s7d,d03
City ......... 2,6225Ol ~ C9,s52
Illinois Central..,,,,., 2g,O COCO 81 iOl5,0 o
81; Paul & Duluth pref 1866 4 IA N,3ls
For the two months of this year the sales
of Robinson consolidated mining company
amount to l,ili,5 95 shares. As the entire
capital stock is only 100000 shares, il would
appear that the whole capital has been sold
seven times over in nearly as many weeks.
In the absence of any general disposition
on the part of the public to engage in min
ing speculation, it is safe to say that Robin.
son capital has not found its way into the
hands of seven different sets OF owners
since January !. or the course of prices in
the general list little can be said: the mar
ket has been SO dull, and prices so low.
that the one prevented an advance, and the
other decline. The cent stocks are far
more numerous than the dollar stocks lust
now, and if any change is to take place il
must be toward either higher figures or
nothing.
A oubit inch of gold is worth $40: Gu.
bit foot, 1862 $50; cubit yard, 50, 707, 7G2
AT the commencement of the Christian era
there was then in the world 1927 ,OOO, 900
in gold. This had diminished TO $67 ,OOO,-
600 ut the time America was discovered.
Then IL began to increase. Now the
amount of gold in use is estimated to be
$6,OOO0OO, 900. Yet all this welded into one
mass would be contained in cube of
twenty feet.
The new bank. which it is proposed to
form to resuCitatc the Union Generate in
France will have u nominal capital of go.
100000 francs. Bonds giving the right to
share in the profits will be allotted 10
shareholders and creditors of Union Gcner.
ale as partial compensation for their
losses.
Thirty.iour bills authorizing the erection
ofbulldings in twenty states, which will
cost S5,600,0OO have been reported to tho
national house, The chances of any ndi.
vidnal bill are not very good,
The failure of the telegraph construction
steamer Faraday to lay the new Gould
cable has advanced the value of Anglo.
American Telegraph company's shares In
London.
England exported S27 $50 900 more Of gold
than she imported, bimetallic France, that
has silver circulation of ut least 5000 900.
600, gained S2,05G,soo of the coveted uletai,
gold.
The debt of New York city Is sos, OOO, 900.
Cincinnati borrowed S20,0O0,0O0 to build a
single railroad, and Chicago owes only $lS,.
100000.
There are 100 tons of silver coin on de.
post in the vaults of tho sub.treasury in
Chicago.
The Hour thinks that nothing but big
crop or the promise of one will start n bull
movement In Wall street"
DALLAS EXCHANGE AND COIN.
=. Buying, Selling. Buyng Selling
N, Y. Ex. s@tpar6ok It Louis, hCpsPar6DE
Chicago. =. heAparDA In. 0uu,h@A ParCoA
Galveston Y PareoA Iouston..h Pardo 4
Exchange, all points Y to \ discount. Sterling
sight .! " Francs, sos 10 Marks, 2a
Trade dollars. .pOcts. Mexican dollars. scots
Mexican halves. .+0cts. Mexican quarters. itcts
IT.
COMMERCIAL.