The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-07-22
COMM ERCE AND TRADE.
COMMERCIAL.

COMMERCE. AND TRADE.
COMMERCIAL.
DALLAS July 2l-rhe late heavy rains are be-
ginning 10 excite apprehensions OF damage q
the growing cotton crop. Many think too much
rain has already fallen, aud that instead OF
fruitng well the plant will run TOO much 10
weed From the best information to be obtain
ed the rain up to this date has teen benefit To
the crop and although more has fallen than the
plant required. with good, warm weather iollOW-
Ing the yield will be an unprecedented ono,
Some planters express fears that me excessive
wet weather will produce The boil worm, but
as It hiss not yet made It's appearance. II is to
DO hoped taat the calamity Will not
fall upon this portion OF tho state
evil thereof" and trouble of this kind should
give no one concern until II Is upon thom when,
should 1t come, 1t may be arrested entirely or
mitgated in q great degree: The rain Is doing
no damage to the corn, and although more I,
not required, 1t is in such an advanced condi-
ton that cannot be affected dlsadvantageously.
One beneficial effect will follow. and that is re-
yival of the grasses and stock-raiscrs can re,
jOice, for good ranges for cattle are now assured
until late In the year Let the hope be felt By
every class that nll Is for the best and that the
ultimate results will prove cheering To each aud
every one, the planter, the merchant and the
Stock-grower.
ON CHANCE.
The Exchange this morning was cheered by
the presence OF its president, Mr. Oppcnhelmer,
who has heen absent for some time past visit
ing Chicago, st Louis and other cities. Mr. D.
Rainwatcr also was present. after short Trip
north.
THE rain coming up about the opening hour
Of the Exchange, the attendance was not large,
still the usual heavy dealers were present, tra g.
acting business. The sales continue light owing
10 short receipts, the movement OF gram IN inc
country being much interiered with by the iate
heavy rains The only change to be noted in
prices Is an advance In wheat and 1t was
quoted on the boards to-day ut DOg95@h.OO, as
per quality and grade All other grains remain
steady vt former figures, although there seemed
to be f0reshadowng of decline In oats. All
the new corn that has yet been offered in the
market has brought 50 cents, but 1t will probably
show ialling.oh in price as soon as It begins
somewhat with the shipments of grain, but
nearly the usual number of cars were billed for
st. Louis and other points
IT Is to be hoped that telcgraphlc reports will
hereafter arrive more promptly. III proper rep
RESERVATIONS are made to tho managers In ST,
Louis. no doubt can be entertained that they
Will reach here earlier. Mr. Burton, the mana
ger the lines in this city, will spare no time
or labor tn have the matter arranged 10 tho sat-
isfaction ofths Exchange,
THE following is from Messr.. Schwabacher h
Hirsch's New Orleans circnlnr OF the 18th; The
grain markets of the west have been weak and
declining during the past week, especially the
FAR OIL options. which are materially lower and
with the indications Of lower prices for wheat,
corn and oats after this month. Lots on the
spot are bringing good prices, and the general
impression is that 1t Is good time TO sell.
Oats. The crop OF oats In. America In 1879, &c.
oording 10 the census wns i07 SIS COO bushels, and
present reliablcauthorites say twill exceed this
amount this year-ior the acreage IL larger and
nearly all reports give estimates OF All unusual
~ large yield per acre. Market h0re is fairly aG-
1--WE at o7 TO 81 cents per bushe for Texas oats
In Sacks, and so to 62 cents for standard western
oats.
Corn la sacks.-Flrm and active at 81 o. for
white ana W TO 96 cents for yellow aud mixed.
btocEegre small here at present
BrnL-ls quiet and selling ut sl.07 IL 10 u. 10
Haydn fair demand and at Us for choice;
SIS To s96 prime.
CAPTAIN A, j. Ross left at the Exchange TO.
day u stock of storm proof cotton grown by him.
self, one and n half miles south of this city,
which he says will probably produce ono and Il
half bales TO the acre The sample Is very fine,
and attracted the attention of all tho members
and visitors on tho Exchange
THR grain markets In ST. Louis to-day at Il AS
were as follows: Cash wheat sLO0S " o. .Ol;
July, Slows TO VI Oh. Cash corn, II. To rs Ia
Oats, 81 AT $3.50 y. III. there was nothing done
in cash wheat; July wheat slOl i.2; corn, Is Ia
oats, 81
Mn. + G. CALYER exhibited on the streets
today sample OF grapes grown from seeds
hken from the Malaga grape They were pro
nounced very fine and equal 10 those imported
IT demonstrates the fact that they can be grown
proiltably here In Texas.
GRAIN AND RREApsrUFFs.
THE receipts OF grain to-day were not heavy
hut fully as large as was expected,in view of the
condition of the weather and roads. There wa.
one or two loads OF new corn on the market
which brought so cents. Wheat is n little bet
ter, aud quotations are advanced accordingly
Other grains are without change,
To-DAY's QUOTATIONS.
WHEAT-Choice, ! ~; medium, voc; low grade
Soc; Nicaragua, COO.
RyR-Nominal at COO.
BARLRy-b0 To b5c.
MILLET sErp-l.5o; German millet LIS.
OArs-SO to Sao for spring; IS 10 i2o for fall II
sacks, Scents additional.
CORNING to Csc; Kansas, In sacks, SIC TO LILO
BRAN-We quote at mills, 95c; In store sacks
FLovn-we quote City Mills as follows: xxx
Imported Xxx, per cwI s. 6S; KIN, $50
xxx So 49, choice family, ~ IS fancy, d. Is
California fancy, s. 6O@S Is; choice family
50 856S 81.
Corn meal, per bushel. 81 20,
Graham Hour per hundred. 1870
TusRE was good, round advance In bot
wheat aud corn In Chicago day. For Angus
wheat the market opened at 81 0i, and closed u
sl,0&5-S hree.auurters of u cent above III
closing sales of the day before For Septcmbc
deliveries II sold first call at 81 OF SIS and ad
vanced gradually closing at 81, ~ 81, seven
cghths uf n cent advance ON yesterdays las
prices. Corn for August sold In the morning 10
20 Ia and In the evening at rs is, n cent aud
half over the closing sales yestJ lay. For Sep
TENDER deliveries II opened atTUA-4 and close
MI rs cent and an eighth advance on tn
last sales of last evening.
The baltimore Journal OF Commerce contain
the following: The average condition of wintc
wheat according 10 the agricultural depart
ment, was l0t IN July, or higher than over b,
fore ut that date whilo the average for IN
spring crop was but little less favorable. Fror
all Information that can now be gathered "
see no reason TO anticipate yield Of less tina
00,00l0 o bushels, or about the same ~ In 1859
Al the outside, our total requirements for FOO
and seed during 1888 will not DO over abot
305,000O zoe bushels, which would leave an OF
portable surplus OF 1876 0Ol 900 bushels, whilo IN
old stock now In the country added 10 this woul
allow MS to export during The present crop yea
fully 200 600 90 bushels and ktll carry over In,
the following year n balance OF probably Is Ote
900 bushels or more. Tho highest amount ,
wheat ever exported IN one year was 1856 600 q
bushels aud that during year when the crol
OF almost every European country had PARTIAL
failed and before india had begun 20 shi
largely, aud, moreover, Il was season OF YER
short Yield In Russia; 10 that wo may feel Al
sured Of having enough wheat this year, und,
ordinary circumstances, To meet all the requlr,
monts OF Europe. Al the samc time Il seems