The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-06-15
COMMERCE AND TRADE
COMMERCIAL.


DALLAS, June 1.-THE Inauguration ana sue.
cessful establishment Of the Dallas Grain and
Produce Exchange is attracting wider anu deep,
or interest than its founAers and promoters, anu
the Dallas business community generally, prom,
ably are aware. Inquiry Is being nlau1 ih VI,
upon with mach favor Yesterday, In 'Conver-
saton with a gentleman who has spent
several days In Fort Worth, AlyaratD, oiennrne
and other points we learned OF this Dplrit OF
inquiry nua friendly feeling AS an eNrmpe he
cited conversation with leading gran dealer
ana -four manufacturer at Fort Worth, That
gentleman was anxious to know II me eXchauge
was liable to prove successful, and IL us man
asoplent y To be on strictly business principles.
Itil was. de desired to transact business through
it. During July and August he should
need fully $1,000 bushels Of wheat,
and no proposed having u pur-
chased he expected to have 1t deiyered--does
not want to be told there Is no wheat TO fill the
order If such should be the case, contracts
that his mills would make for Hour could not be
Filed He recognized the superiority OF Dallas
asa grain merket and as he could get wheat
shipped from here to Fort Worth nj four cents
per bushel, itwould be to his interest to buy in
this market. This Idea will probably obtain
ana spread largely to 0ther grain
Texas. The Exchange people. and our busl-
ness community generally, can therefore sec the
necessity of cndeavoring to get as large deliy-
cry of grain Mt Dallas as possible 1t will stiri-
ulate the home manufacture Of flour. as already
outlined by the Fort Worth mill mans argu.
ment aad the interest of all other grain transac-
tons corn oats, etc, will grow and be advanced
III their respective directions equally as much as
wheat Dallas can, by proper management, be
made the grain centre of the Texas grain belt
THE board of directors of the Merchants Grain
and Produce Exchange met this evening at
their exchange. Full board, consisting OF Messrs.
nj. ID. Darlington, W. G. Howard d. o Rain
water. I. +. McEnnis and Colonel Clowney,
were present. and were called to order by Presi-
dent A. Oppeuheimer After mature delibera-
ton the secretary was instructed TO notify the
Cotton Exchange that the Exchange will wei
come them us members, still their proposition is
respectfully declined resolution was passed
changing the name of the Grain and Produce
Exchange to the Merchants Exchange of Dali
las. resolution was passtd for the president
TO appoint committee of three cotton men, al
ready members of the exchrnge, to act in con
Junction with tho committee on grain rules to
prepare a set ofrules governing all transactions
IN cotton The president apo nted as such
committee. Waid Hill, of the firm of Caller &
Hi; W: Evans, of the firm of Evans Il Co.,
aud L. 7. Bryan, of the firm of Bryan & Bran.
shaw. After considering other minor affairs of
the Exchange. the board adjourned subject to
=, 1T Will be seen by the above that the condi.
lions made by the Cotton Exchange, In order to
l0in the Grain Exchange. have been declined by
me latter body, who, however are still DESTROYS
Tor the members of The Cotton Exchange TO Join
them, and, In order to facilitate the
matter, have changed the name of Grain
AID Produce Exchange to that of Merchants Ex-
change and will take out a charter to that effect
this week.
!. They have further appointed committee of
three ehcient cotton men 10 prepare rules and
regulations to govern cotton transactions, so
that when the future call board will he estab.
iished everything Will run smooth, and that cot
ton can and will be dealt In at the Exchange as
we'll as grain and produce.
II Is the general desire of the members of the
Grain Exchange owing 10 Its great Success, to
make the initiation Zee after July !, $40, and II
will no doubt be carried Il put 10 a vote of the
members of the Exchange, Those who have
not Joined yet, please take notice.
PARTIES from Terrell, Plano and other towns