The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-04-12
FINANCE AND COTTON
FINANCIAL.

IN ;ts financial review of March, the FL,
napcial Chronicle saws: Inc month VI
March was singular in some respects, anu
The GENE raj result of business in flnancial
circles was not altogether SATISFACTORY
Congress adjourned on the attn. after pass,
ing the revised tariff aud internal revenue
laws and then general Improvement was
na,cted But. SO far as Nsw York was
Concerned, this was not realized, ior lhe
activity was impeded by severe strih.
oencv In the money market; the CITY paiiks
being considerably below the legal rec Gire,
menf in their reserves. Money ruled az
ahont 10 TO Is per cent, with exceptions
above and below these hgnres, lor nsaiy
three weeks, and during that .iihe ousti;1a
at the stock board was reouCeo W
mum. .o,t,,onts the de-
,,and for Government bonds was large III
the latter part OF March, 10 mest IhG IA
onirv coming from some OF the New Eng
lana states and from New jersey, rom COZ
norations and individuals VINO uesiie W
prepare themselves for taXatlon:, ,o,os
pSpsculation was very dull, and the sales
q, he stock board often presented the ap,
nearauce of a midsummer stagnation. VI
Some stocks there are hardly sales enough
at times to make live quotations.. Ing si..
nation was such that those who held stocks
and had been carrying them Tor some tllis
were unwilling to throw, them oyetpoaiu
inst when there was prooaoillty Vi IlsnS
sales as soon as the money market ;ndnca
On the other hand, there was httie llouee
ment for outsiders to come IN ana puy
stocks when they had to pay III 10 10 PEI
cont Interest for carrying them. Late IL
rhe month. when the money market relaxed
there was a more confident tone.
3ILIINoIs financiers are startleo py SUI
hat
laws stock certiiicat is not saie secuIl-
Nv for the repayment of borrowed money
The ruling is that unless the STOCK STAND IN
the name of q vendor or pledger upon w
hooks of the issuing company IL 10 llaui.
10 an execution in favor OF JauSlneli
creditor of such vendor or piedger, aithougl
he may have pledged or sold ms st3ch an, ano
delivered the certificate taeieoi. . of A an5
frate: b BUYS block OF STOCK OF "a any .
NAYS for it. and receives the certihcates' a
suffers Judgment to go against him or con
fesses one before the stock IS TRANSFERRED u
ID upon the books OF the company iSsuins
the stock. The execution against cal
then be levied ut the office OF the company ny
and B loses the property he has IS p n,I 90
During the month OF March 9o,A1L i,, ounJ 40
IF GOLD and 30,007 ounces OF silver were u s
,,osS;ted at the mint in San Francisco, TO
roinape n1rposes, and 81 ,094 ounces OF cruz
silver we're deposited tor fine silver. i n6n
We're 81 600 double eagles coined and o1o'
600 silver dollars. ort
An, analysis OF the s'atls'lcs VI eHpo, az
and imports for the fiscal year 10 oa'6, d,
lords to the New York Evening Post
ayr for tie presumption that we hay
either bought over $780, 100000 Of stocks an an
securities from Europe in the ss.a last crd iSi
months, or else there are stu iarge crg Ti,
balances owned here and held abroad. IN In
london Economist would indicate tnat vi
Iottar uae fhe case