The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-05-30
FINANCE AND COTTON
FINANCIAL,

The New York Times saws "A story
has been circulating in Wall street duing
two or three days that JAY Gould had been
negotiating for the sale OF his Western
Union stock. Mr.. Gould yesterday denied
that he was trying to sell any OF his tele-
graph stocks. He recently received bid
from persons in England Tor so 900 shares of
Western Union stock at so, which he saws
he refused. He informed the English
peopl while he did not propose to sell any
of his own holdings, if they wanted 50 600
shares OF Western Union stock he would
get il for them at whatever price he
could. Mr. Gould has been suspected of
being ready to unload Wabash upon the
market at the first chance that offered.
Both he and his friends deny that he wants
TO sell either Wabash or any other OF his
stocks. Mr. W. Il. Common in repeating
this denial yesterday afternoon, remarked
.Mr. Could has got his property in lust the
position he wants, and | do not believe that
there will be a change of 1000 shares in his
holdings of stock between now and the time
he starts on his proposed trip. The ATLANTA
will probaly be ready for use in few
weeks, but Mr.. Gould does not expect TO
start on his long yoyage until next fall
His yacht will sail under the colors of the
new American Yacht Club. There will
probably DO months when Mr.. Gould will
not be able TO hear word regarding the
New York stock market said an intimate
friend OF the millionaire yachtsman. Il
will wager that Jay Goulu will not ret be-
yond the reach of Geographic communica-
lion with this Market said Rufus Hatch,
.mphatically."
For many years past it has been known
that large sums Of gold are lying hid in
Egypt. II is calculated that abou. f4O,-
0OO0OO in bullion has from time to time
been imported into the country. About
100000 600 of this is in circulation, and it
has recently TRANSFERRED that during the vice
royalty OF lsmail Pasha, another $4,000, 600
was secretly transported to Constantnople.
This leaves f2S 900 900 unaccountpd for.
and this sum must either have been alb.
sorbed in the gold ornaments of the coun
try or must be hidden away. Should good
government bring peace and security to
Egypt, this or considerable portion of this
sum will return into circulation and assist
in the development of the country.
According to figures recently compiled by
Mr.. Mulhall, of the Royal society OF Lon
don, and an eminent statistician, the prop !
erty Of the United States, as represented bv
houses, furniture, manufactures, RAILWAYS,
shipping bullion, lands, cattle. crops, in
vestments abroad, etc, is $40 900. 900, 600
which, adding roads, public lands, etc.
valued at 81, 600 coo, gives grand total
OF $40 100000 600. This he states to be more
than S0,0 900 900 600 in excess of the agsre-
gate wealth Of Great Britain. "he W, It'll
pr0per OF the latter he estimates to be
SIS 9lS 600 900, aud tho value of Envlsh
roads, public lands, exc 81, 700 600 OGG,
making grand total Of $40 60 Ooo 600
The wealth per iahab,tant is 81 100 in that
coun ry, against $3.50 in this.
The IN a pyupnuitnra nor haol n, ra,aJ,
for the past year was $780, while it was but
$5l9 in the United States, and during the
same time the Canadian debt increased
81 700, while the United States debt ex-
hibted a great decrease. The Canadian
exports to Great Britain fell off $685., 07S and
those of the United States increased over
$22 100000
The reports of the discovery of placer
mines in lower California are confirmed by
the arrival OF parties in Guaymas bringing
coarse gold. The mines are only some
fourteen miles inland, from Angel Gsrdia
bay, opposite to Buron island, where there
Is good harbor, plenty of water, wood,
etc. large party has started from Quay
mas, and there will be rush TO the new
diggings.
The assessment rolls for the city of New
Orleans Tor 1888, which have Just been com.
pleted, show a total reduction over the pre-.
cediDg year of S4,022 5lS So. The total as
sessment for 1888 is BIB, 100 GAS So, while
that tor 1882 was $ll7, IL, 18Th.
Below he standardization level in the
Arizona Silver King mine the richness OF
ore is said to be Simply marvellous.