The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-06-16
COMMERCE AND TRADE
COMMERCIAL.

DALLAS, June "A few days since mo HEii-
AID, in this department called inc alehToh h %,
west and northwest of Dallas inviting attentlom
TO the hides, wool and peltry product. We VIII
elaborate the idea then advanced from prlei
observation of the situation, ana the careful
reader and observer cannot better comprehend
the grand strides Texas is making thnh 10 give
glance at the new field ana deyole eoou
think 10 what he will see A man VINO TWO years
ago would have predicted that by lhe Preseht
d9y the broad area of country between the Pc
COS and the Brazos rivers would be developing
into grain fields and sheep ranches, would have
been regarded by the majority OF people as
visionary In his opinions, anu by
many would have been looked upon as u
luuatic At that time southwest Texas was the
sheep raising and wool producing region OF
Texas and san Antonio was regarded us lhe
only prominent inland wool market OF me slate;
A tract of country that was entirely embraced
IN the area di itinctively called southwest Texas
possessed all there was OF sheep rasi i
and wool growing Now ioooE AZ tne
out and expanded up north of the Texas Pa
clfc railroad and the shepherds domain forms
almost Il perfect crescent Where Two years aSo
E prairie dogs. coyotes, wolves and olher VIA
creatures Of nature alone existed except .ht
widely separated cattle ranches we find to-daI
the, promising young cities OF Baird
Abilene swceiwater. Colorado CITY,
and Big Springs, and I'LL around them iich farms
are opening up and thousands OF sheep are be-
Ing herded Up to last week the wool receipts
at Abilene alone the present season. aggre;,
gate almost one million pounds, and
upwards Of three bundled thousand pounds
was IN store-house. at that p9lnt;
The other towns named had also received
hundreds OF thousands of pounds. THESE lacs
prove that on of The greatest industries OF the
stale ~ actually spreading out hundreds OF
miles aud the preponderancc of It's product
will so II De found in section of country
naturally tributary to Dallas. In this same
region, the present season, the grain yield has
been enormous, reports showing that III tue
vicinity of Buffalo Gap and Abilene some fields
have actually produced as high as forty bushels
per acre and the average viii reach twenty five
bushels Even the frost-bitien wheat is claim
Cd TO yield an average of fifteen bushels to the
mere ,, Corn and oats are also cores
hooyes the grain, peltry, hide and wool
men OF Dallas to enter the new field early and
Spy out the country. All efforts should be put
forth to make these great staple productions of
north and northwest Texas tributary. as far as
city.
ON CHANGE
The tendency of grain at st Louis and Chca-
30 Today was downward but on change In Dal-
lasit appeared 10 be the opposite; at least prices
were decidedly firm, holders asking higher than
buyers would concede. The transactions were
limited TO five cars sacked oats, Saturday de-
livery, St4l 10. No transactions In wheat or
corn, One dollar and Ave cents was demanded
for spot wheat and one dollar offered. Corn,
shelled and sacked. was offered at 81 10; not
taken In st. Louis spot wheat declined cents,
the quotations being 81 "a bid. July advanced
IL, quoted at 81 .OSH to 81 .0S IL Corn ~ bid.
Oats, 40 bid Dallas spot corn. from wagons loose,
- TO ~. Spot oats, TO cover short interest Al to
~ The market however. cannot be actually
quoted above 400.
GRAIN Is coming In now very freely and In
Few days receipts will be quite large.
THE membership OF the Grain and Produce
mess men and merchants of Dallas aud sur.
rounding towns Five new members-two from
Plano, one each from Mineola, Big Sandy and
Terrell-Joined yesterday
HEREAFTER oil transactions on change In
Dallas viii be conducted under the new name
merchants Exchange, this having been substi.
tuted Tor Grain and Produce Exchange