The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-10-28
LIvrRFoor, October 27.-Funrcs closed quiet


ABOUT EIIl RES.
In 1868 George w. Guess was mayor of
the city of Dallas. The council passed q
law placing heavy penalty for gambling
on any game OF chance. A man named
Ruggles made his appearance one day on
the streets, initiating the unsophisticated
into the mysteries OF "thimble rig" He
was arrested and taken before the mayor
for Dracticing game of chance. He con-
tended II was not game of chance, and to
prove it spread his cloth, got out his thin
bles and ball, manipulated them little,
and asked his honor to raise the thimble
covering the ball. His honor did so, and
then raised the others, but no ball ap.
peared. Ruggles then explained to his
honor that the ball was under his finger
nail, and that 1t was not game of chance,
for no one had chance to win,
and-it was "a dead open and shut. "
There are are certain class of SPECTATORS
in northern and eastern cities who form
"ringsn and Combinations" to control the
prices of stocks, grain and cotton. The
stock operators prey upon young men in
the north who have been left fortunes and
whose fathers made their money by deal
ing in stocks and bonds. The grain rings
"dO"the farmers ofthe north and the cotton
rings operate in the south. The unsophis-
ticated in every section bite ut the bait
thrown out to. them. All conclude that
these "ringsters' are ignorant -of the true
state of affairs, and they'll take them in
tout of the wet" In the north all the far
mers, merchants and tradesmen think the
cereals must advance. In the south il is not
necessary to go to the rural districts, for
nearly every man, woman and child is a
"bull' on cotton. These northern "ringn
men offer to sell futures and the would-bo
millioniaries in the south buy, and put up
their margins like httle men. After
these southern "sharpcrs," so TO speak, take
all they can stand and invest their last dol
lar, these fellows in the north quit selling,
and turn buyers, and as there is no one left
to sell, Us u consequence futures go off,
and the "lambs' are shorn, and the north
ern ring scoop em in." As soon as the
'innoccnts" have sacrificed all their
margins, the ringsters again sell,
the gullibles again invest and
are again ''scooped, and are again ready to
be taken in' by the same rings and in Il c
same way. 1t is true once in while some
one makes a few dollars by CLOSING out" at
the right time, but the next venture, which
is sure to be made proves disastrous, and
the one who was deemed such n Shrcwd
operator falls rs the leaves fall" and dies
the death of all dealers in futures. Such
has been the history of these operators in
the south who have endcayorcd to make
fortunes in dealing in futures, and such
will Be their fate as long as long as they
strive to make their pile" by an effort TO
heat those northern spectators lat their
own game"
We know that operators in
futures do good thing for the farmers and
planters, for by their operations they al
ways advance the price OF the products, and
the honest tilers of the soil are benefited
thereby, but when adventurous individuals
think they can make large sums of money
by buying cotton or grain, the very thing
The ringstcrs desire, they will meet with
loss and disappointment, We throw these
suggestions out merely Tor the benefit of
those who might profit by them, and to
warn them that the game of the northern
Spectators is Just such and one as Ruggcs
Ia dead open and shut"
GRAIN.
The receipts of grain were light and
prices, II not nOminn, are without change,
The only demand to-day was for home CON
and 1t requires very little to sup
ply the city.
In Chicago November wheat opened. mt
81 .HJ and advanced to the close, when it
sold fol. $l,35l, liye-eghths above last even
lngs close, December wheat opened at
Sl.3Is and closed at Sl,37s, three eighths of
an advance over the day before November
corn opened at 629c and closed at the same
figure, being decline of one-iourth of a
cent. December corn opened at 6i5c and
closed at 6isc. Last evening il sold at 65c.
Pork in Chicago for November opened at
Sl66O and closed at $lG70, being an adj
vance Of ~ cents in the twentY.four hours.