The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-05-09
NANCE AND COTTON
FINANCIAL.

| iif
FINANCIAL.
- Gazette says, very significantly.
MI rsl Ma ,,ork specula,ion In this country:
~ rslrss ',s,en fol- making public traffic re-
Ia tnd ~, either by law or custom, and,
| ~ 10 iVsVS Nan publication does not suit the
|.sengn Hnonreal. The Pennsylvania rail
,rirs 'as! .nd has for long been honorably
| 4 spne Srnm the other big corporations in
|.sn,ai'neu Every month, be the times good
n, Nspec.h ,shes not only Its gross traffic ro-
Isl W. he net earnings, as near as can
fes bal i aS ,or The month preceding, following
\ et1Aleu,,, he example of the Southeastern
Ees r sH companies in this country. But
saslsm only publishes gross figures
Il me w a,p favorable. and has not let figure
|nfr lnG sinee last October, The New York
in1Sp never publishes any figures at
II sid IA not stated In the
|Gaeh m we know the United States cen
CAV. HH tU Ind considerable trouble In get.
iaho.snnts for the census. sinner of like
|ps s W ~ the Baltimore Il Ohio, which in
pnlinlc s,.t That il has borrowed more than
|faa ltv England, Is treated in great meas
|sNW we're tho private property of Mr.,
Ii q Il MI lind Of secrecy often produces
|Qwr Iun,,bie surprises for those imprudent
~ tsss ;nyest in the securities OF dark
|tasa 70 va. and viii continue 10 do so. Last
" fV'u,,omnle. when the Wabashs COM
|e' pl a v we're selling its stock here at high
rJ NY snssim line WAS not earning the interest gu
Fs y, NV Had that fact been known. IT'S need
Ns %, hat none Of the stock would nave
D p,rrers In this country. men the uino
= y ". avs the article with which we are
~ that receptions IKE these afe OK posed
bAs abose official position gives them q
I. neh ""' If tho company's affairs
lrreus.. :, have sold out their stock. aud actu-
n bi9Ih ~ of II, 50 as to make another
u Na ,Ss inevitable fall in Its price. only
reI", Wv "a ago another paragraph runs
~. 49,. y. was informed through the publics-
w I'M sgv AXE shore report for 1851 filed In
ilg ,n,g that this company last year charged
IM nai,sI Searly f5l00O0 for things which had
Y, md nroperly gone, into working expenses
w ana vears Thsse examples might be
asiol Id ify fold, and they ali warn the Eng.
4 ;I nppSe 10 'et speculative American railroad
,,zlIiies alone
., yew York Commercial Bulletin has pre-
~. las accord of the April fires In this country
n r,nsJa where the loss in each IRE e1-
~, sioe O From this list II appears tha'
~, wore lll such fires, whose aggregate de-
xs foots up $3.50 900, making an
49, IN 40 coo each. OF fires between TO-
Y ssd son,OO each in amount OF loss, there
'.,'et between .0p00 and 50 900 there were
'' S,syeen SO OOO and $4,000, IA; between 90
\ nj III O II; between 5000 and SlOOOOO, .;
..rsen 10000 aud 500, eco, 9; between w wv
N sSn0O 9; between 300 OUO ana s4Oo,oVO, Z.
III, fires of the month whose loss was from
y ia upwards were these: Hopkinton, Mass
ND Stockton, al, 1000 fltisOurEh, fa.'
NOs Cincinnati, 100000; \ rlh Attlenor9,
d, sl50OO,; Delhi, o.. 100000; New YORK
y ~ IA 0nS Titusyille, Pa, $4,000; Elizabeth,
IN ;iG,G0t DE Pere, Wis, $4,000; Eau
HI Wis 500 40; Lake City, Mimi, ,sSi7,So
lsreland, o.. 100000. These IL fires are
irreable with Just one-third of the s., 800, 600
mn Of property destroyed by the entire lii
!, already referred to No fire OF less than
400 Is taken into this account
TuB Reno tCal J Gazette reproaches eastern
tmslists' for belitiling tine Comst OK ioue;
Ihe,e people." 1t SAYS, know not WHEREOF
NJ sneak The benefits, direct and indirect.
Ahh has conferred upon the world are meal
liable Ii has been pOnderous factor IN me
nmerce OF this country. it has made uniteo
lei bonds solid collateral for their isoi
inaghout the world; AZ commemorative
Inument to labor, 1t Is the most siupendous ~
isworld. for the largest Egyptian pyramid
lrA be tucked away in one of its chambers
d not DO found without the aid o.
electric light. The length o
! shafts, tunnels and drifts IL more
An 30 miles During the past INVENT!
Ar $50 zoo, 00l tons Of waste rock nave peei
,ied, to say nothing Of the enormous quah
y Of rich ore extracted; l,75O,COl tons OF Whts
We been pumped to the surface, ana the no
suit Of this work was sS25.OmtOi IN bullion
! must wait until the twentieth century U
certain il the Com. stock equal has been dis
reied and IL numbered among the MINES 10
y. Every dollar II has yielded has swelle'
e circulating medium of the world. IL ma
tn the treasure vault OF u nation, ana man.
: inclined to the belief that 1t has not ye
aehed into bnrronness."
IHBNew York Tribune contains the follow
& THE state OF foreign exchange Is sucl
a money would be drawn from this side II
ne amountsif there were much demand 10
ibtoad But the great foreign banks ar
'gely increasing their reserves. The bank o
llland now holds Sis. $500 In gold; IN
INK Of France SIG, $50, 65l In gold; aud IN
nk Of Germany sl3g, go, 900 In gold and silver
evident that there Is not employment II
nope for all the money now available there
\ Ibis fact tends TO prevent shipments iron
y side Exchange IL no longe
~ down by purchases OF Amer
N securities, however. and IL !
pof'e1 that there have been considerable sale
Nlnk line stocks on account of recent unfaVOi
Y reports as TO the earnings on the Pennsyl
la aud the Lake Shore, Undoubtedly III
lways have had u season OF unusual decreas
uanic, following nine months of unpreCe
lkl reduction III rates, but good crops, VIII
nsloration of peace between the trunk lines
MD make their securities much more n
'c'IVe to unemployed foreign capital
Ihere & excellent authority for the statemol
!, lhc tallN commission. II congress shout
notle the creation OF one. will not 9ontul
\ extreme free.traleTs, and Mr., David 4
'ns y mentioned rs u gentleman who woul
! Do moderate men IL Is said eX-SonGtC
pn may be selected, and Il IL suggested tn,
republicans will be representatives of tn
ia,iiies of the country. In selecting repr,
aMn'esof these industries 1t would he yer
!! nke extreme prolectionists. The con
sSloh,hlll Is becoming an elephant ON tn
nus Of those who Introduced IL, and II Is n
ied that Mr. Kelley is preparing little tart
DALLAS EXCHANGE AND COIN.
Y, IL, SSsPar@S 8. Louis b@s PafS
,,cago, heApari@A n. 0..h@APar0S
weston y Par@A Houston..k parGl
i'at.ehsnge, all points < oNdiscount. stcrlin
,al n Francs, SOS 10 Marks, 2j
sde dollars, ,gOO,s. Mexican dollars. scot
'1ioan halves. .t0cts. Mexican quarters loo,