The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1877-02-03
COMMERCIAL.
HERALD OFFICE.

day. Weather mill and spripg-iike. /
The number ef country people in town
greater than ut any time for a week
past We have no market changes TO
note in the leading staples. Money
continues sufficient for commercial de-
maids and the accom- odstion of
parties with good collaierals. We are
glad 10 note better and more hopeful
feeling prevailing in business circles,
and note good PROJECT for a reac-
ton. The recent failures are to be at
tributed more ts an unforeseen combi-
nation OF circumstances aud shrink
age of values than any lack OF a close
adherence to cardinal business prinei-
pies.
Many of the merchants in the South
bought heavily Of jobSers in New York
just before the panic in 1873. The
panic then came and the very goods
they had bought few months before
went down from third to half.
Then it was that the West bought;
aft a
better state than those of the South
The Southern merchants, To- hold their
own and meet a portion at least of
their paper, had 10 mark down their
goods at a ruinous rate. Cotton prints
which they had bought just
before the panic al twelve
cents, some months afterwards
were sold by the New York jobbers for
six and half cents. To compete then
with thnse who bought after the panic,
those who had bought before il were
compelled TO cut down prieesright and
left. The result was that the Southern
merchants have been pulling against
the current, sacrificing property to
meet paper and in many instances
flour deriug along under an over
whelming accun ulation of paper. The
stsgnancy of trade for three years has
not enabled them 10 meet il. II they
had bonnht after, instead of before the
panic, with all the lights before them,
they might have so trimmed their sails
a. to have weathered the storm.
They have as u class carried their bur
dens msufulIv. and succumbed only
when crushed by the weight Of them.
They merit and should receive the
support and credit necessary to re-
cuperaA their shattered fortuues
What We have said is as applicable to
the merchants of Texas aud Dallas, a.
| anywhere else in the South.
| The subject of manufactures con-
hnues to receive attention. The COM
Pletion and operation Of the cotton
seed oil factory has demonstrated
what little energy and capital will
do. The quality Of the oil is as good rs
that made elsewhere, and the farmer
is offered another source oil income In
the sale of his cotton seed.
The Cotton Market.
The market is declining, the receipts
light. Spectators only are operating;
buyers for spinners holding Off We
quote:
Ordinary. loo, strict good ordinary, las,<s
io3sc; low middiing, i01.Slic; middling. II Ia
Ike
The Galveston News, of the S0th,
| says: The net receipts at the outports
since Saturday were large, and foot up
3l,sl5 bales, against 23,0l0 last Mon
day, and 1857 for the corresponding
period last year. The stock AZ the out.
ports this evening Is SOS, $50 bales,
against 91s, +62 on the corresponding
day last season. In this mai ket there
was next to nothing doing. and sales
Of only 22S bales were reported. The
Exchange marked prices down &c. on
all grades. and builetined the market
as closing irregular and nominal"
The heavy receipts at all ports thus far
this week have had a very demoraliz-
ing effect in Bill the leading markets.
HSdes.
| The New York Shipping List of the
oath says: The demand from the trade
is fair, and the market closed steady.
The sales are 5515 California, twenty
three pounds, at - cents, thirty days /:
| QUO w. 6un Ott-nhlf
pounds. y cents, sixty days; 1000 do,
kips, eleven and one-half pounds, Is
cents, thirty days, all gold; 1888 Gal
weston, twenty four and one half
pounds, twenty days, currency; 1867
dry salted Matamoras, thirty-three
pounds, 1873 Texas, twenty-o e pounds,
so do. Kips, ten pounds. 1000 Calves
ton kips, ten pounds, lido west salted
do, twenty-three pounds, and 200 city
slaughter, seventy to eighty five
pounds, on private terms.
wHEAI-rhoice, 81 20; good, 81 s5esI s.
average, u 25si 81.
Hides aaA wool.
| HIDEs-Hsavy VI rs aud over, - cents
light under AZ r-; IL cents Dry, u lbs sne
over, " cents, under u lbs. cents. Drs
salt, II cents Deer skins, Is eents. Buffalo
baiis, IS eee5 50 cows $ tess %.
grey. s.e@si IS; coyote. z5s'se: lo1. ies0c
WOoL-firm, iSSS
Corn fec, demand moderate. Market rru
at 2I,c 10 sc for corn fed. No sale for grass
i.d.
Calves aud Yearlsnxs.
Demand fair and prices fiIun at u. scss7.
i Hogs.
I Market full and prices weak At &C y y.
II THE GENERAL MARKET
Nork---Our quotations give prices for larx,
iots from nrst hands, uniess othsrutae stss<d
Higher pI ices are charged In AIling anal
| orsiers from store. Tine ngures are the rAiel
charged to cash purchaser or where pay
ment Is made on tbs Arst Of ths susain,
month.
} APPiEs-Ars plentiful and dull q g 10
!, In car lots, with higher dsnre . bssI Ell
| BACOS-for clear rib and shoulders q
sugar cured according 70 brand and eondi
ton
BuTTkeGrhs apply L f.ir; price. arn