The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-02-14
FINANCIAL AND COTTON
FINANCIAL,

qus railroad capital raised in Europe in iSss
X.soriire 10 the Belgian Moniteur des intefeis
ssteriAls was S56i. 81 90. loi loo.voO OF wAleh
Ess for America, while s2-oc0.OO was Tor
ssst Britain and its colonies. The Russian
R,sSs raised s25.000oos Holland and Austria
|inngsry ereh about Sl6,O0O.OJO The total ~
k.,ss Of new capital in Europe for new railroads,
yoyernment and municipal loans and banking
STAB lshments for Ave successive years are re-
~ :. $50, 10000 ISL slio2s 600
"a S6Oo0, 600 lssl s3 5l6,0e
ES0 lO6el0, oo0
The amount is thus smaller last year than in
kither Of the two previous ones; ali. .,,o.
The coinage of subsidiary silver coin since
ks5s nj amount outstanding December 81, lsS2,
q as fnilws: From 1855 10 November 80, 1852,
<oinel sl07, SIS, 297: in the treasury, s2GS4 i5f
Outstanding. S., 7SS since the passage OF the
koinage aef OF 1878. coined, sis,s0s7g7 In the
reasury, s26,5il5lt outstanding, s2lsGi,lS
kince the passage of the resumption act OF 1910,
koined, 81, 999 lOl: in the treasury, se6di,5it
Outstanding. sl6. ash So since the passage OF the
|oiut resolution OF 1916 coined. sl1 VS6 OLE IN me
Treasury, $40 5i45it There is now about 500 COO
Rnuces of silver at the assay oillee. which 1t is
Rroposed 20 mint into small coins, mainly.ie-cent
bieces. of which there are said to Dc scarcity
Ind demand,
t'Both fire insurance companies and those pro-
herty owners who went short on insurance,
Hnnnd January fine month. As in 1882, the
Wear has begun in wasteful fashion, as regards
Eyhatever was combustible, Our own fires, III
koddition 10 hundreds of less costly Tres, have
recorded no less than Iss in this country and
where the loss was $1,000 or more
|fhe aggregate destruction by the lSS fires loot
Hing up 81 100000, With due allowance for the
|smaller and the unrecorded fires, our estimate
lis that the total fire loss for the month would
moi fall short Of 90 5000 OF this estimated
Isl 500, 900 of aggregate loss, some 100000 was
|borne by the insurance companies
4 The military committee of the senate have
|agreed 10 report favorably Senator Jones olli
Eto adjust the claims of the state of Florida
against the United States. According 10 the
|plan of adjustment the United States Is to pay
Florida s9l, 900, and to cancel state bonds Oh
Florida TO the amount of slS2,00 Senator Jones
worked hard to secure this adjustment OF the
claims of his sta against the United states
ana 1t looks as If success would crown MS EFFORTS
The Evening Post says: The main points OF
4 the agreement between the western Union nla
Mutual Union Telegraph companies ana when
only await signing, are as follows: the western
Union will lease all the lines and property OF
4 the Mutual Union and pay per cent lnteres'
on Mutual Union bonds and Ma per cent uiYl,
dends on Mutual Union stock: consultation OF
service reduction Of SH tse Western union
will, it is believed. give the Western Union a
net profit of $500 900 to sSSo per annum on the
lease
world and finds tina. the average output has
been on ths decline during the past twenty-five
wears, the total having been 500. 600 oOO from
ISL I, 1861: $50 OCO 900 from 1862 TO 1866 $500
moo from 1867 to 1871; Coo from 1872 TO 1876
and SIS 900 900 from 1871 to 1881, against less than
Ito 600 900 In 1882 this country still taking the
lead. followed closely by Australia and Russia.
In fact Russia is very uniform and growing
producer on whom the world can rely for $50 O0o,'
The government has paid out to the people
SlOl, OOl, 236 in silver. and is now deriving the
benefits of the sum thus used. This silver has
cost something less than $50 Oo,W0, aud the DIFF
ference-say SIC, 0O0-has Injured to the treas
ury. 1t cannot therefore be considered very
losing business TO the government to have sill
yer currency.
/ The Manchester Guardian notes that the ten.
dency to higher rates of discount, which has
been feature of the past few years IN the chiei
monetary centers of Europe, was maintained
during last year. 1t appears that that the ave
rage for the year 1882, taking in the rates each
month at all the chief CENTER. was Il per cent
as against g. % per cent for 1881, 8 46 per cent
for 1850, and 8. IS per cent. for 1873.
The Indicator says: II is reported that thu
earnings OF the Missouri Pacific justify an extr,
dividend. There is no doubt that the southwest
ern roads are having the finest run OF earning
this season OF all lines west OF ijt,sburg ant
Buffalo. The traffic OF the section covered b.
these roads is very large and the rates profitable
The total railroad Indebtedness of the towns o
Connecticut is s., 406, QUO; the total indebt dnes
for state institutions is s1035,0oO; the total wa
debt il s93i, 00A, making al aggregate OF town III
debtedness Of &7.O75,O0O. The grand levy assn
Director Burchard states that Of sl35, i05, OSoi
standard silver coined in the past five year
there are S9Is7l1l1 IN circulation and sl2 ~ a
represented by certificates. The silver lllio
in dollar has shrunk from % 40 to 50 81 sine
March |, 1873.