The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-04-12
THE BUSINESS WORLD
COMaiEitCiAL.

the Merchhnts ENcnange on permanent
financial basis marks new era in the bust
ness history of Da1las. Its influence and
controlling power to bring trade 10 this city
will reach to and penetrate every city aud
county In north Texas, and the good re-
suits will not attach 10 Dallas alone, but
will be felt in every locality that comes
within the scope of its operations. There
may be those even In this city who will
affect TO believe that they will not receive
any benefits from it; but all such eitherdis-
semble or have not derived knowledge from
the experience of other aud older cities that
have become great by the united Efforts OF
their business men exerted through mer-
camille exchanges. All are TO be benefited
in Dallas, whether they viii or no, by the
organization mentioned. Tue boarding
house keepers as well Ms the proprietors OF
the best hotels, the jeYtler Us Well as the
grocer and the dry GOODS man, the smallest
tradesmen and the extensive wholesale
dealers, the manuiaoi urer and he banker,
and all others will reap adVauta .es, which.
without the Exchange, would never
DO enjoyed by them. History is
repeating itself in the operations OF
the Exchange In this city. An Intelligent
business man remarked to-day, that thurc
never was an exchange organized in the
whole country, that did not, Tor the first
year or two, confine Its operations almost
exclusively to grain, but 1t gradual
:. brought within its scope other products o.
the soil and manufactures, and almost be-
fore the members themselves realized the
fact, II had become the center of trade for
all the staple and minor products of the
country. Dallas Is to be congratulated Tor
the unanimity with which the business men
OF the city have taxen hold of the erection
OF an Exchange building here, which for
ever puts to rest oil rivalry as to this city IS
commercial supremacy in north Texas.
But while all are congratulating themselves
on this happy contamination, the spirit OF
enterprise should not be laid at rest. Dali
las must have the Texas Il st. Louis rail.
road, and when that is completed to this
city, with the, without doubt, immense
business the Exchange will bring to Dallas,
no new railroad ever projected in north
Texas In the future will pass us by with
ont making this IN important and positive
point in its route. Yes, Dallas must have
The st. Louis & Texas road.
ON 'CHANGE.
Business on the Exchange continues dull
but the daily transactions exceed those OF
any other city in the state on grain and
produce. Dealers are all anxious 10 buy or
sell when an advantageous opportunity Is
offered, and while the stocks OF grain are
light they are actively handled. Corn il
becoming almost as scarce upon the market
as oats, and there Is good enquiry for
both. Receipts are now generally from
Kansas, with an occasional carload from
other points in Texas. There IS no doubt
Of one TACT, and that IL, grain Is handled
here on q less margin than even In Calves.
ton or New Orleans. The highest prices
possible nre paid for all that is brought
here by rail or wagon, and dealers are sat.
istied with securing n small advance on their
purchases. 1t is this liberal dealing that
has made Dallas the great grain market she
Is to-day. Dealers are anxious to secure
success by large transactions and heavy
business, instead OF making large profits OH
small sales. Prices of oil kinds of grain
are firm at quotations.
The following prices ruled on the
exchange to-day: Cotton firm; for mid.
ding, 0. Wheat, $lW@$iOG. Corn
In shuck, 60@92; average Texas corn IL
bulk, b5@67. Oats, sacked, 60@63. Rye
nominal. 60. Barley nominal, %. Millet
seed, GO@B5' German, Sl.25. Hay, $3.50
GRAIN AND BREADsTuFFs.
The receipts of grain by wagon to-day
were not above the average daily arrivals
and all oflertd was taken freely by retail
dealers. For the time wholesale dealers
are unable to make any purchases of grain
on the streets, and they are in fact supply.
ing many OF the retailers with 10th corn
and oats. There is very little wheat offered
put II Is said there are yet good quantities
In the country which will DO brought In
soon. A car OF corn came in from Hutch.
ms, and one was shipped to Albany. One
or two cars are now loading which will 10
otfto-morrow. There is an active demand
for NIL kinds OF grain, but the supplies are
short, and were II not for the purchases
made In Kansas and the enterprise of
wholesale dealers, the market would be
almost bare OF corn and oats, Prices to-day
are as follows:
WMnAr-Choice LOO medium, 9sc low grade,
IvS-FiIm a, 60 to 10
0AxIHy-00 to CSC.
cncice red rust proof 63@6Sc; in sacks. 5 cents
additional.
ooas-In shuok, 5sc to Coo; shelled and sacked,
600 10 R5o.
isAs-wo quote =, mills 90 in store sscts
RLous- We quote City Mills a. tollow.; xxx
Nv. xxx. TAGS; oxtra e275; Magnolia, STA
Fancy, IS .i0e99 IS: choice, 50. 20dS.2S xxx.
2e0@s oc; NIX, s2eO@ae5; Xxx, s22oe2,2a
Corn meal, per bushel IS,
fAnD-Unopted corn, per 100 lbs, o. IS; crush
"a corn and cob, Yer 100 lbs, 81 IS: crushed com
And barley, per 100 lbs. 81 corn BRAN pof iOs
HiY~Dari, ses bsish. 90. Prom s,oro.--
prairie balod. dark, s6QSN bright si2 brisht
yee on board. car el0 10 "a dark. 81 tos,
NlLLKT eEED-6S; 6erman c,ilisI Sl25
COTTON sEED-Firm at lSho, per. bushel,
X. NJ. Cochran, superintendent OF the
Glenn ranch, feels confident Of Gathering a
large crop Of gram this year from the a..
00O acres that have been sown,
The New York Post says. The afaount
Of corn In cribs along the line of the west.
ern railroads seems to DO Y question In
dispute, but IT IL generally conceded to be
less than q year ago, or with the average OF
previous years. Nevertheless, the accut
mutation In the granaries Mt st. Louis.
Chicago, and the scaboard cities, and thS
comparative high prices would seem to be a
sufficient offset for any deficiency that msy
exist IN the amount OF corn In the cribs.
The London Miller has a long array lof
figures. going to show the amount Of Prain
wanted TO carry England through the hal
year from March 10 September 1, and l9.
100000 quarters Is the amount stated as be.
ing required to meet the demand for con.
sumption for the time named. Against
this amount England now has resources.
English and foreign, amounting TO 1890,
900 quarters, leaving 100000 quarters M
being the import wants Of the Country for
the six months, with the end Of which the
cereal year so.callet elds, as after the LIST of
september the newly harvested wheat be-. |
gins 10 be available for consumption TO
some extent. For making up the import |
wants ~ stated, the Miller estimates ~ fol. |
lows: On passage to the United Kingdom,
S,So0 900 quarters; visible supply ia the !
United States, 2,7o0,000 quarters; Caliior-
MA 700 900 quarters, leaving 1.700 900 quar-
ters % Be obtained from sources OF supply
outs!ds Of the United States. Our s1.
sncrity sayG "lne following estimates Of
exports 10 reach England before the end Of |
w es!eai year may DO presented without
9ar Of their being regarded ~ excessive:
~-s.- !. Qm |
&2N!S s:s.s 10000 |
RvQ 1uveie ACKNOWLEDGEMENTS. 7b00C0 |
~ Se9Qpe Observation-Disclosures. 2a0OM |
X6nunaey ACKNOWLEDGEMENT. 10000 !
X@&.:,.s.sss.ss ACKNOWLEDGEMENTS. $4,000 |
SI-j3. OBSERVATION-DISCLOSURES. 2SQ0O0
"a. a 49, ACKNOWLEDGEMENTS. 10000 |
~. S49. 81. ssss.ss..s........... 26G0O0 |
onQ Jurkoy.. >o....,.,........., 10000 |
~ 4. si.ssss"s.ssss s..s.......s. 1Vto0ol