The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-02-03
lNCIAL AND COTTON
FINANCIAL

!, - IN. New York financial losrnal con-
- ~ following: comparison OF the sgere-
~ mes Of the stock exchange IN ~ Win
1&k ISL indicates 4 reduction ia volume, que
111k - he extraordinary character OF speeu-
1@15dS1 n the later year than Ia any decay II
I1n11 in the former. although there wtre
r6rko1s AZ pronounced depression curing Ihe
5SsP jn1f closed of considerable Duration. Ihe
<oSlInr1 IN stock which most nearly rsheel tue
me c0olition of stock exchange ua4ing, lAli
IN liffio;short in volume from these OF the year
lo3l bc16g III 0i0, 9iS shares, against IA oo4ol1
~ ~ A that year, decrease OF only about
nm m Lanes. or less than u OF per cent Com
nsSS6 v5k 1850, there is au increase Of over Ia
I'M ~ Ares, or about II per cent There Is
I3rS6 Iease shown, however. in the uansac-
{ioS6 bends of all classes, TACT proba-
6fr{< 1oeable to the better opportunity
So EQUATION Owed by stocks than
SO. "a class o. Turtles. on the
- <1nd. the inye .JtnI demand Is rather
than for stoess and in the absence of
nes of n W bonds being put on the mar
~ dealings in bonds must be more or less
~ In railroad bonds theref Is decrease
Z ~ Gee COO as compared with 1881, or over SIS
~ Gont while the decrease from 1880 Is over
1OC0 or nearly 90 per cent, There Is a
l1o11y decrease in sales of government bonds,
~ )Glhe continual withdrawal Of these seeuri-
&o4o1Dn the market by investment purchasers,
6u0 b. the redemption operations OF the gov
1z1m6nt. In 1852 the sales were nearly $1,000 E
90, or nearly SO per cent less than In 1881, while
UIXX W0It 1iu,WUIuO, VI uDout ~ Nti NSits les
16Gn In 1881 State bonds were active, but com.
pared with 1851 they show adecrease ofabout 45
per cent while they were 20 per cent In excess of
1coQ Bank shares show an increase OF 81
shares over 1881, and a decrease of 6OlS shares
nom 3SS0
Il THH following securities amounting TO $50,
$4,000 In stocks and bonds, have been recently
Hated 1t The New York exchange. The primer
nal Item In this Is 5000, 900 of the stock of the
ut Nln.aWf Il
isaue OF lol 600 COO The next largest is 1S SOU
Q00 OF the first mortgage, and 6,750tOO second
mortgage bonds of the Galveston, Harrisburg Il
Can Antonio railroad. The other securities
listed were 600 tirst mortgage trust bonds OF
the OREGON y TraDscontinental railroad; 2, 5OO,-
00eddiuonal Pennsylvania company, 45a per
cent. Guaranteed first mortgage gold bonds; j.
2300l additional first mortgage cousols OF the
Denver 4 Rio Grande railway company; oeOOOt
stock and 100000 first mortgage bonds OF the
Bradfosd. Bordell x Kinzua railroad Ito the free
1isO: 20, 900 additional Missouri, Kansas ~ Texas
bonds.
Regarding the impression that capital has
lately been going Into bonds or various Kinds
for Investment instead OF the usual tnvestmen,
Ut this season of the year in stocks, the New
York Evening Post says comparison of prices
with week or two ago does not Indicate any
such movement. III railroad bonds there has
been little more activity, but the negotiating
OF new loans has so fully supplied the demand
for Investments of that kind that the issues thai
( were already in the market have, with one OF
two EXCEPTIONS, advanced but little, while
many oil the special bonds are lower than tel
dayGag 1t fnfers, therefore, that the invest
menti ID bonds of anv kind in the last two wpek
has not been very active.
i a Washington wrller says 1.-THE juticiar,
committee of both houses have determined, b!
agreement that no business shall he presented
70 this congress beyond that which is on tn
calendar. This means that no subsidiesfor ney
railroads. nor the Interstate commerce act, shal
pasA and no interference will be made with rail
Ioadn whose land grants are supposed to hay
lapsed. The United States treasury is poor;
has about s1ls00oOO0 of idle money, which
about $50 600 900 less than is needed for the re
demption OF greenbacks. There is no hope fo
any call of bonds during the fiscal year, and pei
y haps none for this caleHdar year"
Although the railroad system OF Colorado
but twelve years old, yet on January l. ISIS
there were 30SS miles of railroads in that state
The value, as assessed. of these roads for tn
year 1881, was Sl7.6l3, 725 The $50 miles adde
In 1882 will advance the value to S25,O00,00O fC
the present year.
Texas has 81, 100000 lying idle In her treasur!
but Is unable TO apply 1t to the reduction OF hi
debt Of g. ,0l0O, because her creditors ask 81 Il
for her bonds, and she Is unwilling to pay tht
v,rov