The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-08-17
COMM ERCE AND TRADE
COMMERCIAL,

DALLAS, August lG-Thc purchase oil IN
Chicago, Texas Il Mexican Central railroad b!
The Gulf Colorado Il santa Fe has had happl
effect on the prices of real estate In this city
and premises in the immediate vicinity OF IN
depot or unds chosen have advanced Iull!
fifty per cent In value during the last week
This rise In real estate has permeated every
part of the city and dealers state there ha
never before been such Il demand for property
as now exists In this city, When NC Texas Y
st Louis narrow-gauge reaches Dallas thcr,
will undoubtedly be another boom In property
and the prices Of to-day viii appear insignia
cant compared with what they viii be III yehi
from this time. The building of these roads VIII ne
doubt carry with them speculative demand
for property and holders of real estate would hc'
wisely by taking advantage oil the opporluni,
ties soon to be offered them, Dallas Is destined
10 be u great city greater by far than many now
anticipate, and those who realize this fact, 1nd
invest iudiciously In real estate, viii realize
large profits on their ventures.
ON CHANGE.
There was only moderate business transacted
on the Exchange today which was III measure
caused by the light receipts OF grain. Prices are
held very firm In this city, ANA inc general
OF the choice fall oats have been marketed
Spring oats are plentiful on tho market
but thoy generally grade 700 low
for shipment abroad, and he ne,
mand for them Is confined to local dealers Tor
home consumption. There was no rye or par
ley offered on the Exchange Old corn Is In do
mand, but there is little offered New corn 10
coming In, but in small quantities. ana ~ en-
urcly too green for shipment abroad. lhcre
were several cars OF wheat offered to day, when
brought full prices, Offers were made Tor De-
Cembcr delivery ut 9S cents. one parry ehueav
cred to purchase Mediterranean wheat suitable
for seeding purposes, but no one shoWeu II uls'
position To sell. Nicaragua wheat was III active
demand NJ full quotations.
The following were the ruling prices for grain
on the exchange 10 day, III cAr-lOts, III ming on %
d.rs from store from 10 10 cents additional Is
charged; Wheat No 2. ~; Nicaragua wheat
T5, Rye 7j@SG barley, GjMiO cam, OLD, III car,
65@7G: shellcd and IN sacks, Csc 90 new, III
CO., 10 Is; millet seed, GbGib, German, W@l W.
THE commercial editor Of paper published
In olbe OF our neighborng cities gushes' us fol
lows: In this day and generation, when naton
speaks unto nation even through the waters OF
the ocean, tho people OF every tongue ana cline
hold hourly converse rs though f.ce To lace, by
means of the lightnlng's flash. 1t Is no easy mat
ter for Il little European skirmish 10 AFFECT the
markets Of great country IKE ours OommerGe
controls tho world and Its victories are grander
than any that war ever knew: lt pursues tho
even tenor of its way, and the shock of the Brit.
tsh cannon may shake the very foundations or
Egypt even until her pyramids .rembIe to Their
base, aud the eilctc nation may swallowed up
In the very charncl house OF fate " pass away
from memory till 1t scompletcly lost TO the roc
ords Of future ages ~ are the Eleusninn mys-
teTles w OURS, anu tHcrc VIII w cHcNt
duced upon American commerce
He ought to have rolled up the heavens In
scroll and discanted upon the forked lightning
md the picture would have been complete, and
yet he laid nothing about the prices OF cotton
grain or breadstuif.. Try again.
THE ST. Louis Republican OF Sunday says
There was quite an extraordinary sale. o, new
corn on Change yesterday. Messrs J, W. Booth
u Sons received Il consignment OF i've sacks
mixed from James G.. Martin Waco, Texas, and
offered 1t for sale after The ll:3Oa. M, call by nuc'
ton from the callers stand, Caller Carr oflciat-
Ing as salesman. The first bid was somewhere
between 81 and 81, but the competition became
excited and bids ran rapidly up. When some
enthusiastic individual bid VI per bushel there
wasp shout OF applause, but this bid was soon
distanced by heavy jumps, and 1t was finally
knocked down nj iG75 per bushel TO Connor
Bros The purchasers Immediately Consigned
the lot 10 Messrs l.. A. Driver 4 Co, Chicago
and II was shipped last night to them by express
This corn was In thorough marketable condi-
ton, aud 1t Is understood that the shipping firm
has guaranteed to ship carloads TO this market
by the close OF the present month.
In the trial of the case between tho longs and
shorts IN Chicago on tho settlement OF the June
wheat deal, which was correspondent WIN me
st. Louis June deal, tho question arose us to
what constituted corner The attorney for The
defense asked tho witness on the stand II he be-
lieycd. or had reason to know or believe that
for July, To this the witness replied that II
corner was only relative term, THE COM
mittec should determine whatA corner Is am
willing TO give what evidence have as TO what
my firm did In the month OF July, or II the com.
mittec rule so, before that time but when II
comes to stating whether there was q corner or
not think II Is tho business of the committee
TO determine" The witness was asked num-
Der Of times whether he knew what corner
was and ntter several vague answers finally
said that ho did know, but had not the facts
showing there was q corner. The term cor
ner'' was referred by the chairman of the COM
mittee OF the board OF trade TO whom the selling
price OF the deal was referred. ANA the attorney
for the defense rendered the following definition
under 'imprcssment:''
There is no legal definition of a corner given
In the statute, and do not know what Websters
definition of a corner is, but | think every man
here knows whit u corner Is"
The Chair That Is your definition
Mr. Wright: When the market has been on
crossed we say there Is u corner"
The Chair; What do you mean by ZEN
grossedY"
Mr.. Wright: Engrosscd is a legal term slgni.
flying when parties have bought up all or nearly
all OF any one particularcommodity, they have
RNGRossEp THE WHOLE QUANTITY,
The market IN then said 10 be 'engro'scd" or
'Cornered" The word corner is used In the
rules of the board of trade, In the statutes and
III Legal works. however, | will leave tho word
'coracr' out of the question.
The st. Louis grain market to-day was as fol.
lows. Cash wheat % AGp963S, september wheat
% VA Cash corn 77AW71,s, september corn az
bid. Cash oats 39AGgills, september oats MA
Horn wheat and corn declined In Chicago to.
day for September. Wheat opened NJ Wv, but
advanced and ut ono time reached gS, but could
not DO maintained NJ that figure and closed nj
WA three-eighths of u cent under the day be.
fore. Corn for the same month sold on first call
M16h but never reached that figure again, de-