Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1873-01-04
SNOW STORMS,
Rank SUSPENDED,
From the Galveston News.
East Texas and Galveston.

Since our comments yesterday
morning on tho probability ofa
large portion of the trade of Eas-
tern and Northern Texas seeking
this market, we learn that holders
of cotton now in store at Jefferson
and Shreveport are looking in this
direction, and that as soon rs the
International reaches Longview,
which will be about Christmas, we
may look for heavy consignmonts
of the staple from the country bor-
dcring on Red River and the Cy-
presses.
From what we can learn regard
ing the intentions of lines Of trans
portation, liberal tariffs will be
adopted and arrangements made by
which there will be no excuse left
for Drawing the hazards Of Red Riv-
er and the high rates Of freight and
insurance which have ever been
characteristic Of that most uncor-
tain stream.
So short time has elapsed since
merchants gave the fertile country
we propose to make tribuatry to
Galveston any attention at all, that
dealers and planters in that region
are unacquainted with the facilities
offered, and such gentlemen as have
been induced to make inquiries and
examine stocks, have been aston
ished to find houses here carrying
rs heavy and well-selected stocks
as can be found in Now Orleans,
and that figures for staple articles
are usually below those demanded
by Crescent City traders.
In the disposal Of cotton we as
sert, without The fear of successful
contradiction, that Galveston is u
better market than New Orleans.
Better, for sundry good and sufii-
cient reasons; one Of which is,
that purchasers from abroad know
when they buy in this market that
they get Texas cotton; they have
no such assurance when drawing
their supplies from any ofthe other
cotton marts, and it is an indispu.
table fact that Texas staple is the
best that is made, always bringing
o quarter of a cent more than any
other short staple.
Taking the published rates OF
freight from Troupe to Houston
and thence to this port, we find that
cotton can be laid down here at Sc,
currency, per bale the charges for
drayagc, weighing, storing, insur.
sance for one month, and commits
sion for selling, amount to 81 60
more, making total charge of 49,
60, cents currency, per bale, Mid
ding cotton was quoted in New
Orleans day before yesterday at
10 1-Sc, currency, and gold at 113
These figures would make the cot,
ton worth 16 93-100c, gold. The
same grade of cotton sold in Gal
weston, on the same day, at IL &c.
gold, showing a difference in favor
of this market Of 57-100, more than
half cent per pound, which, on o
bale of 500 pounds, would be So 85
gold. If sold on a currency basis
and converted into gold, the differ
ence in favor of Galveston will bs
near three-quarters of a cent pei
pound, say 74-100, gold being nigh
er in Galveston than in New Or
leans.
1t is seldom wo introduce th,
name of a person or firm in con
nection with the development of,
great trade, but those energeti
gentlemen, Messrs. Afford, Miller 4
Veal, have done SO much to awakel
the people of Eastern Texas TO tn
advantages afforded by Galveston
that we cannot, in justice, dismis
the subject without giving then
honorable mention in connection
with the experiment. Besides tn
efforts made by Mr.. Miller, who j
an East Texas man, this firm ha
had an active and intelligent agen
in the section lying along the line
/ of the Great Northern and Internf
tional railroads, and the informa
ton circulated amongst merchant
and planters has been of vast benz
I ht to the whole city, and it's graf
flying to see that the firm to whic
we have alluded are receiving SUI
stantial evidences Of appreciate
from those most benefited by the
; efforts. We notice consignment
, ofootfon tn Mpssra. Alfhrd Mn,