The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-12-14
COMMERCE. AND TRADE
COMMERCIAL.


DALLAS, Dec. BIN conversation with a
prominent grain dealer of this city, In reply Ia
an enquiry rs TO the amount OF grain that was
received aud shipped daily from Dallas, he re-
piled that there was no means of ascertaining
the receipts, rs retail dealers bought nearly ali
the grain that came by wagons, which was
much larger than has been estimated but tina,
the receipts and shipments by rail would reach
at least ten or twelve cars. per day. Eo said that
there were large quantiti0s of corn AMI Osts
brought here from the northern counties Of The
state and from points west on the Texas 4 Pa.
Cihc aud the Missouri Pacific. and from the
south over the Gulf colorado ~ Santa Fe and
Houston e Texas Central rOads, aud that the
same grain was often re-shipped over tho roads
bringing IL here to more distant localities. He
attributed this heavy trade TO the formation OF
the Exchange IN this city. In former years,
grain coming here now from these localities
went in other directions, because there
was no certainty of finding market
In this city. but that the Exchange, combined
with the efforts of the HERALD In the grain In.
terests in this city. had made Dallas the most
extensive grain market In the whole state. lie
stated further that grain of all kinds command
better prices here and Is sold Ut lower hgures
than In any other point In the state, because
dealers transact all thoir business on less mar
gin than do operators In other localities, Deal
ers In Dallas now make their profits on the
amount of business done. and they buy md sell
on as small margins as do grain commission
men Ia Chicago or 81 Louis These We're some
VI tIle IGHhOlS klNtu why l0lk 'lly nus DetOlHu
no noted rs v grain market lie gave II as his
opinion that the mercantile Interests, both
wholesale aud retail, huu been greatly benefited
by the Exchange, for the trade of any city, town
or community would follow the products OF
their respective localities, and no predicted that
In another year the transactions In tae staple
products Of the state In this city would nenrly
double VII they have been this season The
orders for grain are increasing almost daily, and
the shipments 10 aud from this city nrc greatly
in pNtpsg pt Wunt Innsn puuptrpI In tln hr al
ness can possibly realize them 10 be-
on CHANGE.
There was not a very large amount. of bust
ness transacted on the Exchange To-day. The
business of The Exchange il continent, in great
measure, 10 grain, and rs the receipts have peeu
mengre iot several weeks past, the transaction,
have been cUrrospondingly light It's thought
by many In exchange circles hat there arc YET
large quantities of grain In the hands OF farm.
ers which win now begin TO be marketed, " lille
others take the view that last year every hushc
OF grain that could he disposed Of by producers
was sold, and that this season they VIII keep a
good store on hand for emergencies There
was, no doubLR large yield OF corn In Texas ,his
season, but GOOD quantity OF II was led while
In green state, ana farmers feel disposed Ia
walt until the next crop Is developed before soil
ingycry closely of what they now have on
hand. In either event The supply, 10 equal tho
demand WILL IN great measure, have to come
from other states. Prices are steady and firm,
THE following were tho ruling quotations OF
grain on the Exchange today; Wheat goa95,
owing TO the grade and quality: NiCnrnupun
wheat lO@7t, Oats spring, i0glS, mixed, foi
feed, 10000; choice red rus proof $4,000. Corn
Ia shuck, 55@ts; shellcd 5000 Barley, IN
sacks, o. Rye in sacks, Texas, s5GgO northern
Sl.OO Little milltt seed bO@G0 German, 81 0,
Asmau advance for grain in store IL asked by
dealers.
THE grain market IN ST. Louis to-day was
weak aud tho telegraph dispatches 10 tho EX.
change In this city show II decline all round
Year wheat at noon was quoted at 9i7s; January,
gbb@p6, Year corn, H.@i73S. January. Az.
Year oats, SSH January, 3j4.
THE bears had II all their own way in Chicago
to-day. January wheat ope0ed ut 9iA and closed
ut 9isi, half cent under yesterday. Year cora
sold In the morning at 5Si. and In the evening
nj t3h, half cent decline since yesterday For
January II brought on first call 52iA, and last cali
6lk,a falling Oh of half cent since last evening
may corn sold early IN the day at5iH and the
last sales were at 5iS
The receipts OF grain in Chicago to-day were
as follows: Wheat ll5 All bushcl corn, 49,
vi; oats, SIGH. Last year ut this date the re-
celpts were 10, 100 bushels of wheat and of corn
1OLl7 bushels. The shipments the same day
were 1879 bushels of wheat aud ll5, III bushels
fcofn,