The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-04-07
THE BUSINESS WORLD
COhMkliClAL.

COMMERCIAL.
DALLAS, April 6.-Although the MGR
chants Exchange OF Dallas, has had an cx-
istence OF only single year, IT has attain
cd such eminent success In that short time
that It's history may not prove uninterest-
ing TO the readers of the HERALD More
than two years ago the progressive element
oil this city recognized the Importance OF an
organization to foster her natural interests
and give strength and support TO every en-
terprise inagurated for her benefit and adj
vancement. The result was the lorna
ton OF the Board of Trade. II accomplish
ed much that its originators intended and
desired OF II; but with no business inter
ests to back IT,, and having accomplished
its mission, II gradually lost its member
ship and prestige, until to-day II has vir-
tualiy ceased to exist, The next move
was on the part of the cotton men, who.
feeling that the great staple of the state
should receive more attention than was
given II by the business me,i OF Dallas, or
ganized Tor the purpose of encouraging
certain parties TO establish themselves IN
this city, to induce merchants to lend
encouragement to planters aud merchants
throughout the northern portion OF the
state, and to facilitate the business the
city in this particular product
and while their Efforts were
not without 4 Cd results
1T was soon experienced That there must be
other interests alike cared for and en-
couraged. A. little over year ago few
enterprising and intelligent grain and pro.
duce men conceived the idea of establish.
ing an Exchange, which should be more
general In its efforts and embrace every
branch OF the agricultural and productive
interests of the country as well as those of
manufactures. Unlike the Board of Trade
which Yves organized with u large member
snip, the new Exchange was instituted by
Q few resolute, determined gentlemen, who
knew no such word as fail in an enterprise
OF such vast import to the great and grow
Ing. business of Dallas. They persevered
ana grew IN numbers until it Is to-day the
most powerful and potent organization
ever effected in tbs city The members of
the Cotton Exchange feeling that they
could better advance the material interests
OF Dallas by uniting with the other Ex-
enange, met and on consultation determ-
ined 10 unite on an equal footing with the
other organization, and it was agreed
that there should be- an increase
III the directory, and that both the
cotton and grain interests should
receive alike the fostering care and protec-
ton OF the exchange. Neither, rsanization
ABSORBED the other, but there was blend
ing OF both, and never was a happier mar
rage consummated than that which united
the cotton exchange with the merchants
exchange OF Dallas. After this propiious
union, the first step taken was to consider
the erection. of an exchange building in
TINS city, which would be not oniyan honor
70 the members, but an ornament to BAL.
Las, aud the pride of her citizens, A plan
was proposed and adopted to effect the oh
Ject which is in every way feasible, and
which can but prove successful. Tho cree
lion OF this bnildin: under the auspices of
THIS powerful organization, to bring bust
ness and trade TO this city, will do moro Tor
the material interests OF Dallas, than any
other enterprise ever before undertaken In
any city In Texas. There can be no doubt
that the people Of Dallas appreciates, all
TINS ana will give that aid and encourage
ment 70 the enterprise, which is expected
Tom liberal and enterprising gentlemen.
-. ON CHANGE.
inc following named gentlemen, among
0thers, were registered as visitors at the
exchange to-day; d. L.. Smart, Kansas
Clty, Missouri; Dan Ripley, Houston; NJ.
M. Leeper Denison; John Mcdowell, Sa.
lem, Illinois.
transactions were only moderate on the
board Today, and, as usual, the bulk OF
the trading being in corn. Prices were uu.
changed but steady. There was n small
Quantity OF oats offered, but prices asked
We're above the views Of buyers. There is d
Nemaha Tor INLET In small way for ship.
ment to points west. Some deals were
made in Hour ON private terms.
The president ana directors met and can.
vassed the votes cast ut the election for the
incoming officers, after which they passed 4
resolution inviting the public generally OF
Dallas to be present ut the inauguration of
officers on next Monday at Ii O'clock. nj
which time refreshments will be served. And
matters will be considered OF vital interest
10 every man who has the welfare of the
CITY at heart.
The following prices ruled on the
exchange to-day: Cotton firm; for mid.
uling, D. Wheat, $l0i@$lO6. Corn
IN shuck, O@02 average Texas corn In
bulk, 65967, Oats, sacked, GOG63. rive
nominal. 20. Barley nominal, is, Miliel
seed, GO@65' German, SIPS. Hay, Sl2 ,5(
GRAIN AND DREApsruFFt. -
An exchange says; There has been a large
increase III the growth Of wheat north 81
California, and by the close of this wear ",
may expect to sec the railroad lines com.
pletely open to Puget sound, when an In.
crease OF immigration and of production
will take place. Portland has exported
during the last year enough flour and whea,
70 be equal to 2l3250OS bushels OF wheat.
Ihere IL no good system OF grading on the
pacilic coast. There are only two grades
California club and average California, the
former being again divided into three
grades. The bags, Of course, prevent any
proper inspection, and when opened. tho
shaking that the wheat has received on the
way throws all tho chaif at the top. thus
compelling the farmers to receive a very
low price. Banks are unwilling to advance
on bills OF lading, as the qualify is by ma
means assured, and the sam Piles which have
been taken may by no means represent the
true quality of the grain.
fo-DAYs QUOTATIONS..
~ kNn, Ma loo medium, osc.; low grade
kyR-Firm ~ 90 70 TO
1AnLHy-60 TO CSC.
NiLLRr 6xkp-65; German millet, si.25
Olrs-6o 70 tac for spring; IS to co. for fall
S9S,cc req rust proof 62@SSc; in sacks, cents
ooss.-in shuch. oSc,o Coo; shollod and sacked,
6s1s-we quote a. mill. 90 in store .scls
yIoyn- wo quote City Mills a. follows; xxx
A1e xxx, eA6& extra s2.76; Magnolia, sa.sS'
Fancy, q. t09SS. As; choice, 81 e0as,2T XXXX'
oa.oaS,co; XXX, t2.ooCs1eS Xxx. tlo@2 u. "
0orn meal, per buaheL IS.
sdcern and coS, psS los lbs, IS srusSo oru Sro
ana barley. per ioo ibs, % 90 corn bran, per loo
His~pa,s, COOS sush, 90. From ..Oro.--
esNriN bsled. dark ooGE bright si2; bright
OorroN sEEn--Firm A. 'sXo per bushol.
.>>eA-