The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-02-05
MONEY AND TRADE.
YESTERDAYS MARKET SITUATION,
Cotton Steady and Unchanged-oOm Weak and
somlnal-heAts 'Plrm and AotlVs-osnsral, 4
Grocer, Brisk Dsmaud-AHOthe y
Advance In Iron,
DALLAs, Wednesday hpernoon,
fshrIIiSf 4, lhh0,

Trade to-day was decdedAf pre- active
The weather overhead contlnues splendid
though under foot tho earth Ia still soft anC
the roads quite muddy. A few more hour
Of sunshine will dissolve the remaining
patches Of snow here and there on the north
side Of houses, quickly followed,,it Ia hoped
by firm and dry thorolghiares,
Tho number of orders for shipment TO
oelyod this morning were about double those
of Monday or Tuesday. Spot buyera APP
poarcd fur more numerous, while We had
liberal calls from our immediate county Gus.
toners.
Save In the item OF country produce stocks
are moderate, tho former 80 far M good but
Ter mud eggs, winter vegetables and the like,
being rather scarce. not to say very much 30,
The snow turned hunters loose nnd the ro-
suit Is plenty of game In town, There are
liberal receipts of jack rabbits, prairie
chickens, quail, larks, squirrels and yenson.
They are snapped up us iast as offered at the
full quotations below.
Corn was rather slow, there not being any
inquiry 10 speak Of for near consumption al
though fair shipments went off by rail. The
amount in town Ia rather light compared with
other periods not long past, Seed oats are
still scarce Of those rust-proof varieties 80
steadily wanted. Wheat comes In seml.oc-
casionally, the total being barely enough to
keep tho local mill rocks revolving half the
time.
Cotton was firm at yesterdays rates. Tho
dispatches had no effect upon the local mar
kct either way. Next to none at all was of
fered on tho streets, and buyers spent the
day in trading and skirmishing with one
another. Holders are confident that present
prices will at least be maintained with the
chances all in favor Of their going higher.
Buyers at least talk quite TO the contrary.
Both opinions, founded upon sef-interest
are TO be taken accordingly. AS old Roger
Boston once said, "who woman will marry,
how u petit jury will decide, or what the
price Of cotton will be tomorrow, are things
that the devil himself don't know"
The hog product Is in active demand. The
thermometer scoring zoe at b O'Clock this
morning, and for the past several days rang
ing around the freezing point, 30 ., doubt
less induced many farmers who had not Kill
ed their porkeH to do so. 1--WE can't most
always sometimes tell" when winter is over
in Texas, local Professor Tices TO the contra
ry not with and miss Misunderstanding.
FINANCIAL
The burning of the Dallas county Court
house was the chief subject of conversation
in financial circles to-day. The misfortune
was deeply regretted with estimates upon the
los. ranging from $4,000 to $4,000. The
original cost was $4,000, large item in
which was the stone work which stands APP
parently intact AS the county is the richest
in North Texas, the repairs can be made
u,tbont aoornalv feeling the cost.
Money continues in free circulation with
every one OF good judgement and some in
dustry apparently prospering and every
mechanic in town who wants it with work
on hand to do. The banks are free lenders
upon sound commercial paper, and hold
more money than they can employ.
ANOTHER ADVANCE I'M leon.
Iron has gone mp again and for the fifth or
tenth time. Merchant bar rates now stand
at &c in Dallas, with nails, shoes, butts,
hinges, and everything in the endless cats-
logue at higher point than in fifteen years.
Iron has Tapped and passed the rates ruling
prior to and in 1873. Pig iron is now held
at $40 per ton in New York against $97 two
months ago, and SIT last June and July.
Some dealers say it will 60 to $50, others to
$50, and still Others put the eliminating
figure at the extravagant heighth of $40 per
ton. But as half dozen American States
are full of IRON ore, and as every furnace and
semblance of furnace is running night and
day and Sunday, with four reliets of men,
and as new furnaces are building and will be
put into operation as quickly as possible,
there will be an end to this enormous and
simply unparalleled boom in iron. 1t is |
true present prices may and doubtless will
be maintained, as it is equally true they can
not roach tho yalue of cold