The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-05-31
FINANCE AND COTTON
FINANCIAL.

The New York Times says; "A story
has been circulating in Wall street during
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 q bid
iron persons in England tor sc, 600 shares OF
Western Union stock at 80, which he says
he refused. He informed the English
peopl, while he did not propose to sell any
of his own holdings. If they wanted 90 OOC
shares OF Western Union stock he would
get it 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. e. Connor in repeating
this denial yesterday afternoon, remarked
Mr.. GouId has got his property in just the
position he wants, and do not believe that
there will be change of 5000 shares in his
holdings of stock between now and the time
will probaly be ready tor use in few
weeks, but Mr.. Gould does not expect to
start on his long voyage until next fall.
His yacht will sail under the colors of the
new American Yacht Club. There will
probably be months when Mr.. Gould will
not be aole to hear word regarding the
New York stock Market said an intimate
friend of the millionaire yachtsman. i
will wager that Jay Goulo will not get be.
ton with this Market said Rufus Hatch,
emphatically."
For many years past it has been known
that large sums of gold are lying hid in
Egypt. II is calculated that about t4O,-
100000 in bullion has from time to time
been imported into the country. About
f6, 900 900 of this is in circulation, and it
has recently transpired that during the vice.
royalty Of 1smail Pasha, ANOTHER 5000, GOO
was secretly transported to Constantinople.
This leaves EOS, 100000 unaccounted 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 by
houses, furniture, manufactures, railways
shipping, bullion, lands, cattle. crops, in
vestments abroad, ETC., is $42. 600 10000
which, adding roads, public lands, etc.
valued at 81, 200, 900 900, gives grand total
of $40 zoo, 900 900. This he states to be more
than $4,000, 900 900 in excess of the aggre-
gate wealth OF Great Britain. The wealth
proper of the latter he estimates to be
$3S ,94S 600, 900, and the value of English
roads, public lands, etc., 81, 100 600 00C
making grand total of $40 $40 GOO, OOO
The wealth per inhabitant is 81 ,lG0 in that
country, against 1856 in this.
The total expenditure per head in Canada
for the past year was $500, while it was but
$5l9 in the United States, and during the
same time the Canadian debt increased
81 500 900, while the United States debt ex.
hibited great decrease. The Canadian
exports to Great Britain fell of 1857 ,078 and
those of the United States increased over
500 OOO, 900.
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 Gardia
bay, opposite to Buron island, where there
is good harbor, plenty of water, wood,
etc. A 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 total reduction over the pre-.
ceding year of $4,022 5lS.56. The total as
sessment for 1888 is $l13, l00,6 4S,5S, while
that tor 1882 was $117 100, 1914.
Below the seven-hundred-ioot level In the
Arizona Silver King mine the richness Of
ore is said to be simply marvellous.