The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-02-16
FINANCIAL AND COTTON
FINANCIAL

Ia speaking Of the financial situation, the
Financial Chronicle says. Inc fecelps
Of cotton this week arc about lohVvV paies'
against 500 bales in the same week OF IS.
Tic receipts of grain of all sorts al tie western
markets for the latest week reported were
: Sl4 O(O bushels against $1,000 bushels IN the
corresponding week last yeat THESE are me
Statistics pertaining 10 the movements IN lead'
inc articles of domestic production. and they
certainly show a decided increase over the
movement of last year al this time. But the
month of January was not favorable Tor ACTIVITY
In mercantile business or for large iailroac re-
states. aud when to these circumstances is added
The cloud of uncertainty suspended over bust
mes circles by the discussions in congress, II is
no, difficult to account for temporary lack Of
A. nation at the exchanges.
Nghon careful examinat on is made OF the
o. Sc leading to the recent irregulaTity and de-
rression in stocks-causes really bearing upon
Values, and not mere influences having mo-
nentary effect on priceS-it viii be found that
The competition of new lines of railroad has
much to with the decline Of several oil the most
important stocks. This prospective oompeh'
lion has frequently been referred to in our re-
ports DUNG the past year, and II has Often been
suggested that the business In certain Sec
tions must necessarily be divided, and unless
the tonnage Increased. the old roads must, to
some extent be the losers. IL ii not true that u
present or prospective competition has had ma
terial influence on such stocks rs those VI the
vanderbilt rOAus lI'luultlE NO.iuMShlSit dll
Omaha, Erie, Union Pacific, Denver Il Rio
Grande, Texas Pacific, and some others II is
quite possible that the effect Of such cOmpeti-
ton have been unduly exaggerated, but the
basis of truth was there and was made the Ioun-
dation for an attack on the stocks.
The money market has been quite easy, and
8 per cent is rather an exceptional rate for call
loans TO stock borrowers the bulk OF business
having been done at IS and AZ per cent. Gov
ernment bond dealers have paid pas per cent.
Prime commercial paper of two TO four months
is quoted at a5k per cent.
The Bank Of England weekly statement on
Thursday showed gain OF 2sO,O0O pounds IN
speeie and the percentage OF reserve TO liabili-
ties was 46ls against a. SIS last week; the dis,
count rate remains at per cent. The Bank OF
France gained 9,l760O0 francs gold ana l's'5,-
900 francs silver.
COLORADO product of gold, silver, lead and
copper last year was ABOUT s-o'uIV;o'o ne
search for gold has developed coal mines Ia
that state that during the past Twelve in9il !i
have produced . $50. 900 tons OF coal WIN the
coal are operated iron-mines aud steei mn
that turned out last year tons Oh steel rails NE
and 81 900 tons ofsteel ingots there a,eover ooou
miles Of railways in the state, anu her farmers
sell 81 600 600 worth of wool and S51U, wv worm
OF sheep Her grain crop is 3,oUO,sO0 busnels'
and her cattle and horses are assessed az s1'So9
600. The Gunnison country has opened heiu
of anthracite coal that may i'll time rival the
great deposits OF Pennsylvania.
DALLAS EXCHANGE AND SILVER ,,,..
Buying. Selling
"A SAM