The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-08-12
FINANCIAL AND COTTON.
FINANCIAL.

49,. york sun saws: when Il was
lh ,,npossible 10 place inc nohdA OF inc
huna ~ National railroad on THIS country,
Meant Palmer, OF pen'erS klo 1rands no.
prely, w and Frankfort He has now returned
don Vork and shows according To his own
10 New that the first reports about ms success
saTi...n', were false. Instead OF placing ma
n hgn'0,io with one OF the great houses, such ~
NHphthchtds. Earrings or ArlahSefs' ne mas
TIC hS'ssther a syndicate OF some my small
sol os' nitb II firm named Malheson X Co. at
bNAt'1 These persons have, IL seenS, taken
helt 49, IN -, some figure which President Palmer
49, mention, and have agreed To LAKE an
hS " an the remaining s5,WlIOo Tor elghI
epuoh This il very different thng from
mohlhs' ga sS bonds at par. Mexican Sc
PAyiaS have been looked upon with great dis
cuflAIs IoniOn ever since the Mexican goVeru-
hto, undated the loans which II had made
pevS s and France. Both countries with
90 ssbair representatives ron the city OF Mon
dIeN - snd il was only last year that F!anGc
k-9hs, nn,,ed Diplomatic relations, While Eng
again NsNII refuses to do So PreSl-
laho liner ,gem. to think that 1t Will be posi-
Ssu ,t s@rnre a quotation for hi. bonds on tho
oeSon stock eAuhans, but he must knew mule
Ls,hat body Il he has any such expectations IL
~Mns' m nfedict that IA lon. us the Mexican
b @,s continues the policy of reputation,
Efnnlou stock exchange VIII reissue admIS-
wy -, any rAilrosd or other securities coming
non mat country. Another stngularly mis-
HUM vri; statement which General Palmer make.
nam Interview published IN an evening news
i ~ "a a. that the stock and bonds OF tho Vera
pofte Mexico railroad command the highest
w. ~ nm The London stock exchange. General
tTn,sr must know that the securities ol mat road
iiSdf,r xnominal amount until TWO years ago, and
IVY, me road never earned dividend During
ihrse last two years, however, me enormous
w Vnae,iiy OF railroad and building material
gg1tnh has been carted up the mountains Tor the
pn'aS,,Ictiou of General Panmers and other
,jIjcat enterprises has put handsome sum
,n,o The eychcqucr of thai company As this
n,Sysnent canuO. last forever 1t IL clear that The
sDparcnt prosperity OF th3s concern purely
ephemeTal
nay Evening Post SAYS Ordinary specula-
srs rapilalisls IN Wall street can cOnuOl prices
Snti has often been shown that az against tho
nnhlic unless the other can be dcmoraliZcd,
,YSsv are inferior power, NJ least through the
,ariy stages OF the contest
T6e sic paper saws the secret Of strength Of
N. market is the exclusive buying by tho public,
which each yrul has more ana nulc muucy 10
;,vrJ The public now appear To beinlluenecd
,nthgir purchases mainly by Two considerations
one that even with snort !leld ol some crops
here and there, tn country asa whoic viii have
the largest crop ever produced, and from tho
nf,,ept Indications will have good market for
iben, and the other that the trunk lines policy
I'M, wear is directed tu securing full rates Tor
inlshls, where Il year ago It's purpose seemed to
he me reverse, In OlnCr words, the pubic In
having ,bales in railroad property are cuuutn.
aarge tonnage and on good rates Tor the same,
Ind cations clearly point 10 another bull move.
mant leading operators having been large buy
m, on the recent decline, There is Il COusldCra-
bic short interest in the market, = fact " hich
vii asst. rise materially.
DALLAS EXCHANGE AND C0IE.
IL Buying. scliias, Duging selling.
Ghio. liz. Aa4ParGa ST. Louis NON parg "a
Chicago, .h@A Parg4 \. u.,.,5.UA par@ a
Galveston y PareDs lOuston..H far& a
Exchange, all points Il toa discount sterling
Sight, 81 81 francs, sos 10. Marks, -
Trade dollars , 90c,s Mexican dollars. 80
Mexican halves. .403ts | Mexican quarters Is