The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-06-09
FINANCE AND COTTON
FINANCIAL.

The Wall Street News says just as soon
40 th. little pools are made up TO bull u
stool the company jumps in with a new
;ssne of il, which is most encouraging
stste of affairs for the pools. Nearly every
onmnane whose stock is active at all seems
~ he eagerly watching for the first symp-
ms of buying in the market. Those
w,I'ich have. not got out their fresh issues
ara only waiting the chance. 1t is pre-
no.terous 10 attempt TO bull stocks on
srnch conditions. 1t is the companies against
NAL street, No one dares buy, for as soon
as The buying begins to show itself the
managers are ready for 1t and the company
nuts itself in funds by making the bull pool
iake a new lot OF stock. The trouble is that
81 many concerns are desperately in need
of money, they jump at the first chance
"a get 1t, and the big man in the company
who has been lending to tide il along takes
his share first. The recent new ISSUES of
bonds and stocks including those of yes.
,erday. are merely a foretaste. There are
several big loads waiting TO drop.
THE following extract is from the Vir.
oinius, newspaper published at S,aunton,
Virginia, and is to the point on the silver
H"Siiver coin has been put in a vault o
the United States sub-treasnry in New
York, says paper of that city, until forty
six tons-$22, 600 600 in dollars and 49,
66S 900 in smaller coin-are lying idle there;
AMI then that paper proceeds to comment
on what it calls the folly of coming more
silver, The folly" lies IN the fact that
This coin is not sent to the interior points.
where it can be put in calculations for be il
known that there is in all the thriving and
rapidly developing parts of Virginia and
West Virginia-and presumably in other
similarly conditioned parts of the south-a
dearth OF all kinds OF silver COIN The bust.
ness operations of this section are seriously
interfered with by the inability of the
banks to supply exactly this kind of money.
Our negro laborers-the very best IN the
world for mining, railway construction,
and all coarse and heavy manufacturing
operalions-prefe it in all cases. Nothing
promotes thrift and economy more than an
abundance of silver coin in circulation
According to the Public careless legisla-
ton did very nice little favor for the
paper says SIN repeating the law proyjd
ing for tax on the capital and deposits of
banks, congress also RENTED two months
taxes to the national banks, and three
months taxes to all other banks and bank
erS. Whatever may be the opinion favor.
able to the exemption OF the banks from
taxation, 1t cab hardly be claimed that con
gress Intentionally relieved those institu.
tons of lakes virtually, although not vet
legally, accrued. IL was in fact an over.
signt, Just such one as has resulted in
giving large number of postmasters in.
creased salary for several months while the
revenues are reduced. In business, men
who make mistakes are held responsible
for them; The same rule in politics would
make very desirable change in the ad-
mlnistration of the affairs oil this country"
The foreign trade of France during the
calendar year of 1882 was in imports to the
value of 1872 070, 900 francs, in exports to
the value of 1896, 1874 900 francs. The ex-
cess of imports, 1916 $4,000.
During the calendar year of 1882 the value
Of domestic and foreign merchandise ex.
ported by Great Britain was 1907 ,30i 1856;
the imports Of merchandise fil2OOl ,6S3.
The excess of imports was fl0i ,697 ,527.
During last year ending December, 1882,
the value of domestic and foreign merchan.
disc exported from the United States
amounted to $767 1857 1887; the imports oil
merchandise TO 1852 ,Sil, las. The excess o.
exports was but SIS, lB, 1872.