The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-06-20
FINANCE AND COTTON
FINANCIAL.

An eastern financial paper comes out
strangely in favor of railroad presidents civ.
;nS tull statements OF the physical and
spsncial condition Of the roads under
,hsir control Men who own stocks and
bonds now study railroad matters more,
and show an anxiety to ascertain what
sronpds the business men have for their
sppsrent mistrust OF the management of
Ne roads in this country. Generally I'M
tsken as confession of previous extortion.
srdt enormous reduction of late wear =
in onr railroad rates has stimulated rather
han alayed public antagonism. This
e wholly owing to the almost utter
neglect Of the rtilr).d managers TO
make and keep the public advised
81 their service and charges and the
relative cost OF the service. Transportation
Il such an instant, constnat and vital ele.
ment in every question ofmodern produc.
tion and consumption, 80 closely aud con-
tinuously touches every person at all hours,
that complaint and distrust swiftly as
snme formidable proportions unless at
once met with explanations.
The st. Louis Commercial Gazette says.
1.-THE fire insurance companies are COM
plaining of Improbable business and de-
rreasing dividends. The complaints are
we'll founded, and the fault is their own.
They have stretched the principle Of COM
petition far beyond the safety point, and
The strain is already dangerous to the pub
lie. Cutting rates is an amusement the
fire companies have voluntarily INDUCED
in, and the most intelligent portion of the
public don't like the situation. We pre-
sumo there will have to be an epidemic of
bankruptcies among the fire companies, at
the peoples expense, before the fire insur-
ance men will recover their senses again.
In the absence of extraordinary conhagra-
tons, the people are safe as to indemnity
when the companies are making money by
charging good rates-and not otherwise. -
The Mexican Diario, official, is authority
for the statement that the trade between
Mexico and the United States for the last
wear amounted to $50, 975, 900, being an in
crease OF 81 3iS, 1856 over the trade of 1881 &.
The United States sent Mexico goods to the
amount of $l5,575,O00, and consisting
chiefly of cotton, steel, iron, wood, petrole-
um, and provisions and receiving in ex-
change $l5, 400,0 600, nearly two-thirds of
whlch-$9, 0OO, 0O0-being in gold and silver,
S., 200 900 in hemp, $l,S0O, 900 in coffee, ST.
100000 in leather and hides, and $500 900 in
cattle. The trade was thus entirely in favor
of the United States so far as payments
went, and if the trade of Mexico with all
countris is on the same basis it is no wonder
that her finances are in a bad condition,
and that an issue of paper money is serious.
ly contemplated.
There are eighty firms and individuals in
San Francisco who are assessed for more
than 10000 worth OF personal property.
The highest assessment OF this kind OF
property is s. 1869. Thirteen persons
are assessed tor more than $500, 900 each.
The entire assessment of personal property
in the city is $57 ,9l4 Sf5, an increase of ST.
&7,S70 over last year.
The Indicator California; says: "Atthe
mouth OF Big Backbone creek, Shasta
hands are e1cavatiHg cuts to put in stone
culverts, q body of gravel was discovered,
and an old miner who stood by remarked
that if he had chance he would pan out
some of it. Contractor Scoble and his
book keeper, NcKanloy, thsrsupon pro
cured a pan, and in about two hours washed
out $50 in nice gravel gold"
The Silver Islet mill last week deposited
q brick at the Pitkin bank that weighed
l,O35 ounces and was 975 fine, and is valued
at 81, 800 1t is the largest brick ever made
In Pitkin county.
San Francisco reports that thus far this
year it has exported about So O0O, 900 more
specie than last year to China, and about
Sl,750, 900 less has been sent eastward to the
Atlantic seaboard.
The issue of standard silver dollars from
the minis for the week ended June . was
$4,000. The issue for the corresponding
period of last year was $2ll 400,
The next annual convention OF tn,
American bankers association will be helC
a. Louisville, October 8 and 10.
Eighteen people in the United States ant
abroad, hold S257 100000 Of our govern
ment bonds.
The bullion output of Arizona for 1888
was So, 0l9, $50, and for 1881 $500, 600, ant
that Of 1882 was $ll, 702, 2S4.