The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-04-24
Commercial Notes.

Shreveport has received 80,420 bales Of
cotton since September and has 5000 of IL
on hand. Midding is worth III out there.
Wheat is in demoralized condition in
Western and Northe markets. Kansas
City is quoting at "a, 95, 97l and nothing at
dollar or above.
II is announced that tho Clement attach
ment is to DO introduced In this county. MIR.
Gray, very high Tycoon among Texas
grangers says 1t Is all right. He has seen it
at sight at work and brought home thread ii
spun. Ef
One speaker in the late st. Louis lmmgra-
ton convention fired off self column docu-
ment about Kansas City. According to him
that 10 about the only town in the West
which has any trade, money, orpeople that
the census-taker need fool away time count
ing
Chicago Times: The firmness and high
prices that characterized grain, hog product,
iron and steel, and nearly everything else
during the early portion OF the year, have
given place to depression and weakness in
the aforementioned articles, as we'll us in
many other departments of business. Pig
iron has been steadily declining, and lumber
has shown decided weakness, which is likely
10 eliminate in decline.
Advices from California are extremely
favorable tor tire growing wheat crop, which
Is in . more prosperous condition than last
year, as they had copious rains all over the
State and in the extreme south tho proMise
was unusually good. The stock of wheat in
the State as made up by the San Francisco
Produce Exchange on the 1st of the month
was 2,528.1 100 centals, or 2,b46,000 bushels,
which is quite small, leaving them with very
little surplus for Europe.
The tone Of the wheat and flour markets
of Chicago and other Western towns contin-
ues weak and downward. Indeed, thore is
but little backbone in grain and pr visions
up North generally, with the tendency de-
cidedly in favor Of their becoming cheaper.
There is nothing to set against this but that
unknown quantity, "the foreign demand"
THAT is heavy. There is no doubt about
that, but whether 1t will be equal to the sur
plus on hand and in sight in the growing
crop is the question. II don't look like it
now.
The statement this week gives the number
of bales of cotton on hand and received since
the lst of September rs As 5000, lacking 1910
of $4,000. We may get the $4,000 yet but
IL will be by close shave Estimating these
4S,060a at $50 per bale and the sum ofmoney
Is 2,643,300, which has been, or nearly all
dsbursed at Dallas since last September, for
cotton alone. Tho area of cotton which
fndsa market In Dallas is net very large
after all. We get most of that produced in
Dallas, a majority of Denton, u good deal
from johnson, and some from Tarrant and
Ellis with here aud there small lots from
other counties adjoining our own, but not to
speak Of from any other source. More or
hess Is taken to and sold at the nearest rail-
way depot evenip QUE own county, and the
farther off we 60 the amount received u,
railroad stations increases. But what We
wanted to saw is the bulk Of the money
distributed here is used during the season in
making purchases from us. IL is an old rule
ihat whenever farmer sells his cotton there
will be do his trading. This S2,643 800, then
can be taken, or what is left of 1t, as our re-
serve fund, upon which our commerce will
Do more or lees based during the summer anC
until new crop reaches the market. w,
must not forget however, tho money 70
eeiyed for wheat, hides, cattle, sheep, pelts
game, bones, and so on. all Of which oonsti
tute legitimate matter to be taken 10 footins
un our cash account. But cotton factor,
cftwenty thousand spindles would amount
70 as much as all our items of revenue com
bined.
The April returns of the Department o
Agriculture show the increase in the are
sown 10 wheat last autumn 10 be Is per cent
more than In the autumn previous. In th