The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-02-11
MONEY AND TRADE.
WEEKLY RESUME or MARKETS.
The Course Of Trads-PluctuatlOnS In Values
A Steady Gain Upon Nearly RVsrythIng-Tho
Present and Pat Position Of Cotton,
Grain, Meats, Pi visions, Real Estate,
Notes, Remarks and Quotations,
DALLAS, Tuesday Afternoon,
EnhIunnN Id. lhlln.


The course of trade for the week ending
to-day has been somewhat irregular Cotton
has gained, corn has lost, meats have ro-
manned steady, general groceries stood and
are standing firm throughout country pro.
duce has luctuatei and In some items fallen,
The volume Of business has been larger than
the preceding week and fully up to any cor
responding period duringthe year.
In staple lines of groceries and provisions
where changes have occurred they have nd
vanaed. And everything Is still advancing
with the full confidence Of holders, buyers
conceding that they know not when and
where prices win stop going up, Such an
impetus has now been gained that q reaction
would be difficult in getting u start yet there
must be n hating point somewhere, or else
prices will become prohibitory TO the con-
sumption Of the amounts produced or manu-
featured,
But little spot cotton has been offered or
sold. There is not much more 10 come for
ward and that still behind Is in the hands OF
planters not pressed for money and therefore
Indifferent about selling just now II Is to-
day bringing better price than for ak or
seven years, and offers more money TO farm
ers than for greater period
There has been steady demand for Kan
sas corn. 1t has huctuated II iow cents per
bushel during the week but closed steady
at the quotations, with but moderate
stocks in town. The trade in it will hold good
for several days to come, and after that there
will DO more or less doing until II new crop is
gathered.
Meats have been moderately active and in
good supply. In the absence Of any specu-
lativc spirit, the purchases being exclusively
for direct consumption, quotations have not
been changed since the last general review.
Smoked Is slowly crowding out dry salts, and
will ere long, if the weather continues TO
gradually grow warmer take the place OF
them altogether.
Sugar and coffee have furnished nothing
new. Syrups and molasses also occupy the
same position. There has been u regular and
steady trade in these, adyices
from producing districts and countries
giving no indication that they will be cheap
er during the present season.
In country produce the market has been
characterized by good deal of dulness
wholly on account Of limited supplies
Eggs are more plentiful than last week and
have fallen to 12l Is. We are almost
bare of young chickens. Last fall, well
grown, command the fancy price of $3 10 to
SO % per dozen and they retail at 30 cents
piece.
Seed oats, seed potatoes, garden seeds, in
fact seeds ofqall names common to North
Texas have been, and are, very brisk. The
ipo ipnip
ished and this will be kept up for several
weeks to come or until our crops of them
shall have been planted.
DALLAS AND THE RAILROADS.
1t has been an eventful week in this re-
spect We have secured the construction of n
brand new line to the southwest in the direc-
ton of Cleburne, and have received positive
assurance that the Missouri, Kansas " Texas
will be extended from Whitesboro to Dallas
over the Dallas Il Wichita. These new lines,
in addition to the existing Texas Central and
Texas IL Pacific, will place Dallas in the cen
ter of the railway system of North Texas,
double and quadruple its present great i'm
portsnce as a grand distributing and pur-
chasing center of the products of the earth,
and quickly advance it to the line of great
cities in the Southwest.
THE FINANCIAL SITUATION.
There has been great activity in real estate
sales during the week. Many lots in the cen
ter of town have been purchased for the pur-
pose, as rule, ofmaking immediate improve
ments upon them.
There has been fair demand for loans,
with gilt-edged paper readily commanding II
at the rate of per cent. per month, and
doubtful and Indifferent reluctantly dis.
counted in small exceptional way at u
and 2. Exchange upon all points still sells
at premium.
The banks hold an abundance of coin and
currency to supply all mercantile and legiti-
mate wants. The outlook from financial
standpoints remains most cheerful, with every
assurance that the present satisfactory conui-
ton will steadily grow more so still.
COTTON.
The market has gained from an / to / since
the last general report. The tendency has
been upward, and closes that way. we
quote:
Low Ordinary. .........."......".'"St
Good Ordinary. ..."......."..'..''.!T
Mlddling...
Good Middling... .'...''..''''""..'id4
Middling Fair........ ......'.".''.."..".."llf
TNorE.-7He quotations toilotOing, unless
otksr1oise stated, are for Wholesale spot cash
lots. When time is asked or small amounts
purchased, higher rates are denaaded.
FLOUR, GRAIN AND HAY.
CoRS.--Ear,upoa arrival on track, 47c; she'll
cd do, 47c; sacked do, 80; From store
ear, 50; shelled, 80; sacked, Do cents per
bushel.
RYs-In sack, 81 TO 81 rs. d..
BARLBr--80 to IS per bushsl.
HAr-Prairie, loose from wagon, $ls /;
millet, do, SIS baled from store, $l7 % for
prairie millet do, $40.
WHEAT - We quote: From wagon.
prime milling, 81 80 fair to inferior, 81 10
to 81 25. From elevator, 8 cents higher.
SHIpsrUFrs.-$l 06 u 81 ~.
OATs-In sack, from track, bSc; bulk DO
soc. From store, bulk, 6Sc; sacked, zoe;
rust-proof scarce and in demand at 76asoc.