The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-03-06
FINANCE AND COTTON
FINANCIAL.

A NV YORK paper says There can be no
question that the uncertainty attending the
movements OF the stocks whose destnieS are
uominally OF actually. presided over W Jay
Gould. has Of lale had much 20 do with pre-
venting the general list showing any continued
d sposiJion toward improvement When de-
cliues have been N orier they have led the rest
and when rallies have beea both possible aUt
probable they have been the l6ggardS But
they have not stopped here The street has
been told that great things were TO happen to
some OF them Dividends were TO be inc eased,
combinations were To be made that would make
them the suunsest stock on the list yet they
have continued { sink, aud Wiener anybody
was disposed TO hammer them they have been
found practically wi h0ut support Only two
days ago the point was put in circulation that
something was likely to be developed regarding
the Iron Mountain bonds, which would
the Missouri Pacific the hes. on
the list On the same day the Daily
Stakeholder published the statement made
up In the Office of the company, but not vet
made pubic officially, showing that the earn
mas last year amounted to over ~ per cent, on
the capitol stock. Then the stock was ham
mered apparently by every trader In the room
but just enough buyers being found to prevent
It's going To pieces
Yesterday, although exactly the same number
of shares changed hands, Missouri Pacific was
among the most backward stocks in following
the tendency Of the general market 10 rally. Its
position was supported By the Wabashes and
the rest OF the s0uthwestetns, none OF which
showed sptcis' activity The deduction to he
drawn from all this is that Ir Gould is ont of
stocks, iucuding his "uet" Missouri Pacific, or
that he Is encouraging q short interest in them
preparatory to sudden upward twist Judging
from all the circumstances. we thiuk the latter
theory Is more nearly tNe true Que but the move
ment is not vet sufficiently marked 10 give il
positive direction. Our advice to stockholders
and shorts is simply 10 wGtcd Mr. Goulds oper-
atoms very closely for the next few days and
get i'll or out, rs occasion may demand, with
la
The Wall Street News says A good many poo
pie think Central Pacific stock, paying & per
cent, is pretty low at So We doubt if this be
the case On the contrary, IL Is more than
likely to so Il great deal lcwer, The Central Paci
fc people in building the Southern Pacific have
invested, So We arc told, at least slC0u00,0 J.
and the propertv is practically dead. The only
chance of saving 1t is in building up the country
byinducing emigration, and this they are about
to do by carrying passengers from New York
via New orleans, for S25. OF course the Central
Pacific and Union Pacific will 30 u the dogs
but the only hope ofgetting the SlCJ,C0O0 coo out
OF the southern Pacific lies i'll the new scheme Of
popu0ting the Pacific slope. We are told the
Central Pacific people are resolved upon this
scheme, aud 10 let the government take back
its property for the amount of the mortgage
as wei as that the pro rate would not have
been made with the Union Pacific last winter
were II not that the Central Pacific people
wanted a little more time to get out of their
stock Under these circumstances we would
not advise the purchase of the Pacific stock.
statement of mining dividends in 1882
shows 33l dividends from siXtv,fOur mines, az
gregatng 'l3S0S, 100 There were 1927 assess
mens made upon lS2 mines amounting to
s., 6O5,SOO Nevada levied 1853 assessments on
seyenty-seven mines, amounting TO S5l4i4tO
California levied 1913 assessments on seventy
mines, sggregating Sl,55S700. The state OF
Colorado, III the year just passed. produced
S25, 7jb.s9S, au Increase over 1881 of 81 5i7 $50
Colorado is credited on the list rs having paid
in dividends only Sl,sSS, $50. Utah the past
year produced over &c. COO go in bullion, and Is
credited with s2,l4.C90
The Mexican government recently adopted a
national banking system similar TO that of the
United States. The beneficial results of this
action are already apparent, business men find.
ing financial transactions much facilitated by
the existence of uniform currency. Formerly
different standards Of value prevailed in various
parts of the republic, causing considerable con
fusion, which is Obyiated by the use of the new
national notes Mexico is showing herself alive
to the demands Of the present progressive age.
The British government is issuing new series
of cOnsOls at q. per cent. interest and they are
selling in the market at Slj6. Large amounts of
the per cent, which fetch 1929 to 1923, are
being sold by their holders and the money rein
vested in AIS there being a slight profit in the
transaction The holders also fear the loss OF
premium If the TX S are soon paid off at par.
Statistics of the foreign trade of the United
States show that from 1860 to 1876 we lost. by
importing more than we expo ted, sl,l7i,6lS,567;
from 1876 to 1851 we collected from Europe 81,
lSO,66o ,Oj. The light crops of 1882 reduced the
balance in our favor for that year TO S2j sos GSS
and IN the last three months Of the year lSS! we
had u balance III our favor of $50 357 S3y aud for
the first half of this fiscal year the balance is