The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-03-29
FINANCE AND COTTON
FINANCIAL.

,-.,ssirs the situation the Financial
Nui;cls avs, ANY activity at the stock
lnlvn,s. which might have been developed
exchAns ehoked down by the stringency IN
has o.'" There is TO feeling of panic; no
mont ..,lins In prices; 10 extraordinary
gfea. ~ Inc bears; but business drags
siiseAsS - M day TO DAY with the volume Of
a0us IONS near a minimum, while those
trslls"s'' carrying stocks tenaciously hold
VIZ - ,bose who are out OF stocks peril
on, sly mold OF. 1t is suggested by some
nae. iVei loading brokers that whenever the
o. ~ for money get down to reasonable
MI N;n, with q good prospect OF staying there,
pull nave every reason to LOOK Tor consld-
M purchasings of stocks by out,
ssieS.s This opinion is iortlned
~ reference TO the iaet that
W. 10 March ith there was no induce
PM PM m buy, and every inducenent to keep
nnt n the market, and since March 4th
. re- has been such a stringenoy IN money
lnut ~ forbid the undertaking OF
$ nav obligations. AT the same
any the railroad situation is becom-
I5 daily stronger, and the earnings for
W. IN the trunk lines at least, will be
l%h.o,mally large, with every prospect for
au,nnsretiyely heavy business during the
evr It three months. Thus, it is supposed
M only favorable outlook in the none
. .a, Situation is required to stimulate an
so,ive business. This opinion is n good
ors, there is no objection to be made to IT.;
S S should the market happen to. so the
s;,ht wav. we will hereafter be able to re-
taSstoit as an utterance OF wisdom.
Tur Wall Street News, an inveterate
hsar always croaking and predicting fnan-
c,oi troubles and disasters, says; So far,
,be market has held with wonderful
strength in the face of stringent money and
a LARGE list OF important failures. The
cpss,ion in the minds Of the best thinkers
Swbetherstocks have not driited into such
strong hands that at the first let up in tight
yroney and the number of failures, the big
onsraiors who have held their part, will
need signalize their victory by showing up
nrices The more they have bought, the
less they would have to take, and the task
olliftinc quotations would thus be rendered
mnch easier and less costly than if the
nnbc held many stocks. On the other
hand, there may be failures so great rs TO
hurst even the cliques, in which event
widespread ruin must result. Things are
pretly well mixed Just now, and we imag-
Inc the great operators are rs much at sea
rs the smaller ones.
A SPECIAL from Washington says: In an
swer to a question as to whether or not he
had received any official or trustworthy in
formation respecting the action of the
Texas banks in adding the discount on sill
yer to exchange rates on all collections of
notes and drafts and deducting the same
from their remittances, Director Burchard
said, last evening: 81 know nothing about
it except what have seen in the newspa-
pers," Il do not think any such practice
has been generally adopted by the banks,
although it may have been at few places
where the banks have combined for the
purpose. AT most, the loss cannot be u
very heavy one. donot share the fears of
some that this is the beginning of the end
the driving OF gold out of circulation.
When the time comes we shall see gold be-
gin to flow out of the country, and then it
will be time to call a halt on the coinage of
silver" Comptroller Knox, in reponse to
the same question, said: II have no off
cial information on the subject 1t seems
to be only another result of trying to force
upon thepeople currency that they do not
want. Why should the government trans
port silver coin free any more than il does
Oats2n