The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-05-24
GOTHAM GRIST
Chatiy Letter Prom The great Amerl.
can Metropolis,
Covering n Wide Range OF Interesting
Subject Matter,
From the Fluctuations Of Wall Street
TO Fashions BOudOir
Pertinent and Profitable Pointers.

Pertinent and Profitable Pointers
New York, May 15.-Financial circle
are without feature-a sort of samenes
pervades the Wall street air that astonishe'
even the oldest broker "all anticipationi
no realization" Buying, selling short Oh
long goes on, yet there is from day to day
but fractional difference in the quota
tions. In the early part OF the week the
bears made desperate effort to break the
market, and thus far they have succeeded
in bearing down, though not very mark
edly, nearly all the stocks. At the present
writing they are still the victors. An old
well-known broker gave me few OF what
| s commonly known as straight tips. !"
| During the conversation he told me that
there was no earthly reason why the mar
ket is SO depressed; every road is doing a
good business, and the prospects for large
freight movements were never better; the
break is surely due to the fact that the
knowing ones are anxious to buy up all
good stocks at the cheap prices. 1t was
whispered in money circles that Gould was
not in favor of depressing stocks but
rather in toning them mp. In spite OF all
these predictions the tendency is to drop.
Vanderhit's departure has had no
marked effect thus far, vet it was surprising
to me to see ore of Y ,1dcrbits brokers
make such large purchases during the trst
decline. After he had purchased all that
was offered, the stCcas recovered, and ere
the day was over Della ware, LaCkaSana u.
Western and LAX Shore suned their old
| figures. This, Vi course, merely cotn-
| cldence, and strange y CUlGclu.s Win Inc
wishes of the kings.
The Texas stocks have been vaciIlating
quite deal, ard now Could wishes to see
| things advance. really give my advice
| gratis, | alwoys give my advice TO such
needy men as Gould gratis, and my advice
! is substantially this-well, needn't give
| tiff Gould acts in accordance To what his
southwestern trip has taught, the pros
poets of heavy crops, the large move
ments of merchandise he has seen,
surely with these facts staring him in the
face. he cannot consistently help to bear
down the market.
| confidently believe that ere many days
elapse things will take an unusual turn, and
| a general rise would not in the least sur
| prise me.
The exports of cotton for the week were
simply astounding; thousands ofbales more
have left our ports this week than for the
same time last year. Futures, on the whole,
! were active to good prices. All speculative
| interes; hinged itself on the increased ex-
port that will, barring all accidents, be the
outlet for the heavy crop expected.
The wool market is practically dead, and
the brokers are complaining bitterly about
the high prices paid on the ranches for the
| new clip WOOL At first this complaint
seemed 10 me to be but clever ruse, in
tended to dishearten sheep ranchers and
| force them to sell at lower figures. took
several days to investigate this, and am OBJ
| liged to admit the truth of the brokers'
statements; surely, can safely say, that
new clip Texas, unwashed wool Will
not fetch as much as there was paid
| for it on the ranches. 10 my knowledge
only one large sale of Texas wool was made
during the past week, and the broker as
sured me that it was sold at loss of from
| | TO 2 per cent. The hosiery men, cloth
manufacturers are all Withholding their
orders for lower prices, and sales are only
made to fill the most urgent needs. The
market is overstocked with coarse to such
an extent, that not even loss OF 3 per cent.
will tempt buyers. The demand Tor hne
is increasing, and ere long all of that quail
ity will find ready sale. 1 do not mean to
discourage the wool growers with forebod-
ings like these, yet feel myself obliged to
state these facts, without bit OF coloring.
| have seen letters written to northern wool
buyers now in Texas. to stop purchasing
until lower prices are asked by the growers.
There were few Texans in town this week.
Mr.. Giddings, of Giddings e. Giddings,
Brenham bankers, was here attending to
some legal business for his house. Messrs.
Tucker and O'Connor, as you know, were
also here and brought their suit TO sue
cesstul end. While here, they were very
reticent, aud stopped not at hotel
but at an apartment house in
the upper part OF the city.
l made several unsuccessful at
met with the reply that the gentlemt
were out.
The bridge from New York to Brooklyn
is almost completed and the opening day is
set for the 24thof this month. Certainly this
is the grande.t structure of its kind in the
world, costing more than 5000, 900, which
was shared by the two cities. Many oil
your readers will remember the two colos'
| sal piers, one on each side OF the river, upon
which the bridge now hangs suspended.
Four large cables hold the entire mass Of
| iron beams in place.
Ispent some time last week looking up
The Chinese opium points, against which
such an active war is being waged.
strolled up Mott street, the Chinese quar-
ter of the town, where over each door
hangs the peculiar hieroglyphics announc-
price of admission, which includes pipe OF
opium. l paid my money, and soon was
inside. Seated around on quaint divsns
were the smokers, same partly nsrcotized.
their faces MARRIED with express
sions of delight and ease, Others
Just smoking into issful
dreamy sleep, while some further back were
stupidiy snoring away the last effects of the
drug. The pipe handed me was an odd
1 affair, composed Of an ivory knob with a
slight depression in the centre, and this was
attached to a straight bamboo stem. The
Chinaman in charge handed me a pipe, but
forewsnt the pleasure, on his agreeing TO
return me two-bits, which, to the credit OF
Oh .nese honor, he did. l stood the IN
describstle stencil which pervsded the
place for about thirty minutes, when /
capitulated, and deserted the point. 1t lie
10 be hoped tina. war against these places
will terminate successfully, for.hundreds OF
innocent young girls from between fourteen
70 seventeen years, owe their ruin and dis
homer to the opium pipe. 1t is TO be re-
GREETED that limited space forces me to
quit an interesting subject about which 20
much can be written.
Precedent Arthur has taken hold Of the
knife, and severed the thread which su.-
pended the Dsmoclenn sword which
hung over the head OF AD-
prai,er Stephen n. Lemonson and
William B.Hoyt. Interesting Developments
of attempts 70 defraud the government are
expected; tals, Of course, is nothing new 70
us for this. the age Of deiaulters and con-
spirstors in the shape Of public servants, Il
rife with many and new discoveries.
The glove contest between Mitchell and
Sullivan WAS an affair worth seeing, despite
the physical difference between the two con
te.tsnts, sDd the evident odds in favor Of the
champion SulliVsn, Nevertheless, il va.
cr.ditsble 10 see the pl1oky Mitchell in tbs
second round knock Sullivan of his pins
and thus the champion, for once, won a vic
tory in Which be was forced 10 bite the dust
The theatres are ell on the beginning o
the end, and soon the fashionable ones vii
BE- closed, and the concert summer gsrisr
viii open its season with beer and bras