The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-05-04

.".,' Gee. 500, COS, 500 $500 $50, 100
lcAss, no soon that the change in the aggre-
WV ..,oTnt of bonds on deposit has been small,
,Scn 500 OOU--while tue changes in the
,s,iion, of bonds have been considerable,
y. i,5ierest on the b per cents had ceased before
i.s.mb.r ISL, and II is therefore not Sutpris-
W., ,b,re has been Il reduction in this item.
Under i that any bonds of this kind stiil
ON deposit. since il is evil
tL5l' more profitable to Issue cirCu-
l .,s mon interest, bearing than upon nOn-in-
ss'1 t''ariue securities. Since the p ice of the
siS. .6ss been steadily, though slowly adyauc-
49, ot easy To understand why bankers
"a long neglected TO convert their bonds
lyman interest has ceased into others bearing
49,, The decrease of nearly $1,000 900 IN
lttnr,16S is due, of course, to the calling in
~, hands tor redemption. What is remarka-
9s M, connection is that the increase IN csn-
.,l u has been nearly equal TO the decrease
s.-1,iouel Gs the difference being less than
'ol one would naturally expect To find
NM replacing the called bonds with Others
- rou, siderable time TO run. But it ap.
go matter OF fact that they have increased
r-,i, per cents Uuly about $4,000 o and their
y, 1spis only about Sl,3 600, while they have
ii;j nearly S. ,GUOuul to their continued SIS
i which will be called in for redemption
,stlo few years unless either the government
1nss are largely decreased or the eXpeudi-
~, largely increased. The course pursued by
/ \. bapks would seem to indicate the prevalence
JAe DpiniOn among bankers either that taxa
~ win SON be greatly reduced, or that the
,,n,sed expenditure of $1,000, 900 In mud wall-
E,Ge Mississippi river is merely Il small be-
'snIng of increased appropriations, or that the
iTeent bonds are destined ut no very distant
| n to sell Al a price considerably below that
M current Il can hardly be that they
I'M the prospect is good for Il decline IN
4. price VI is since securities of this
IA are growing sCarCer, while the de-
|srd for them is growing continually, and Is,
|0llappesrauceS destined 10 grow indefinitely
|sv1d seem, therefore, that the bankers are
-sing to luck the old flag and an appropria.
|tI-rspecially the appropriation. In case OF
appointment We may be sure they will sur.
mier circulation pretty extensively us the con
ased bonds arc called in.
IL the contest between the two houses over
\ amendment Of the senate TO the post.otice
ppppriat on bill by which the appropriation
!; fcilit ing fast mails was increased lIom
|rNNO TO : $1,000 the senate compromised by
|gtmg of 10000, and instead of the require.
IL mat the sum appropriated shall be rata.
N distributed as nearly rs may be on railroads
hing 10 and from the principal cities in the
lssNut sections Of the United states" the sen
Il has agreed 10 IN ALTERATION OF tlle prONlSO so
althe said facilities shall BE extended as far
q practicable to the principal cities of the
Tsled States " Senators say that though in
As shape the measure is not satis factory, 1t is
Asbest that could be secured, and will be the
ztlN Of ailurding better mail facilities at
points where there is lenty of room tor improve
neat,
lrsnOw believed that the floating supply of
government 4 S is less than ut any time since the
9aynal issue was made These bonds have
Dow advanced to higher prices than any other
government security IN the world, Id they real.
ne less to investors at present prices than do the
English cOnsOls, for they pay about l5.l6 on
tie Investment while the British consols pay
aoaI2 Sl3! The bulls argue that, at present
Pies, the As are not Attractive NJ all to private
HIesors, OF To anybody, In iact, except those
'Ao are compelled by law to buy them, and
nil, as a consequence, there is likely soon TO ne
avery active AMI strong market for the best
nIOld mortgages many of which pay as high
k6percent
DALLAS EXCHANGE AND COIN.
Buying Selling. Buying. Selling.
J J, Ex. hGkParGs St. Louis I.@I ParG I
asago. h@kPar@A N. .H@xParGt,
Glvelon "a Par@A Houston. u ParaI,
Exchange, all points J, toS discount. Sterling
.Al -, Francs, 800 10. Marks, rs.
Iale dollars. Scots Mexican dollars. scots
fsIican halves. .40cts. Mexican quarters l5cts