The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-02-10
MONEY AND TRADE.
YESTERDAYS MARKET SITUATION,
The Cotton pOHtion-Up In Liverpool Down in
New YOk-steady in DallAs-0On 0a-The
General NJ st-R0marks, Notes,
and Quotations
DALLAS, Monday Afternoon, |
February u, lASO, (

DALLAS, Monday Afternoon,
February0, 1850,
The week opened with better order do
mand than expected, though spot buyer
could DO summed up without the aid Of
many figures Upon the whole, trade might
be set down s fair for Monday, As to val
ues, they did not depart to any marked ex'
tent from Saturday. Corn lost cent or two
upon every grade, was quiet and still
with that name Of confidence
which characterized II moro or
less throughout the month Of January.
The stock Is regulated by the immediate do
man dealers being chary of keeping more
than a few days supply on hand.
Meats did not change front, though ex-
hibiting good deal Of activity in sales.
Standard groceries kept step TO their old.timc
music. The traffic In country produce Is
still limited TO less than the demand for city
consumption, In consequence of want OF
stock in many articles. Eggs are somewhat
cpeaper. Potatoes weak at tho quotations.
Batter at stand. Shipstuhs dull. Seeds ARE
yet booming, the planting Of gardens
uiih hNiu NibDh utlHk lHb VI LIlt uuNs
Cotton opened higher in Liverpool and
lower in New York The fluctuations in fi-
lures had their usual ups and downs, and
making next TO no impression, at least upon
country spots. The position in Dallas Is
almost identically the Same MS Saturday. 1t
may BIO said to be slightly stronger, but Is not
point higher. Few bales were offered
which sold upon the basis of III for mid
ding, with other types in proportion to their
fibre and texture The truth is, there is
not much cotton left in the country
to come forward, and so far
as North Texas is concerned the great bulk
of the crop OF 1879 has gone forward. Good
prices were obtained, yet many regrets are
expressed we didn't get present rates all
along. Great fortunes have been made this
season by spectators, whilst the planter has
no particular reason to grumble. II has
been piece Of good luck MI round.
49, FINANCIAL.
The contract for building the Dallas IL
Cleburne railroad having been signed, work
upon it will begin Mt once.
The rumored purchase of block of
ground near the Dallas & Wichita depot goes
far to confirm all that has
been said about the purchase of that road by
the M. X. d 7. and the Il. 81 p, rs these
roads intend erecting joint passenger depot
upon the ground. 1t will give other property
so long neglected, in that end of town,a boom
especially, and the whole town generally.
And now by Jay Gould, the work of building
up Dallas goes bravely on.
The local money market exhibited its u.s.
ual hatness, Street brokers are lending up
on real estate mortgages, but do notgo beyond
one-third the value upon firsts and
refuse anything for seconds. The
banks refuse that sort of paper unless it is cx-
ceptionally good, and all hands demand
round rate of interest. The exemption laws
Of the State caused this. Although rates of
interest are quotable at per cent per month
that only covers the minimum. Some grades
of paper are impossible to negotiate at any
price, Others are gotten off at u, and still
others at 2.
COTTON