The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-02-10
COMMERCE. AND TRADE
COMMERCIAL

DALLAs Feb. 9.-Adyices from Austin In.
forms us OF the opinion expressed by Mr.. Para
more. president Of the st. Louis Il Texas reil.
way, that the construction OF that road cannot
be completed to Dallas by the LIST of August and
In time 10 claim the bonus offered by anumber
OF our citizens. Its, of course, 10 be regretted
that various accidents OF floods and weather
have prevented the carrying ont of the contract
on the part OF the company, bu, 1t must be un.
uerstood that this in. no way releases them from
their obligation as soon as possible to carry out
me original purpose, True, the citizens, or some
contract VIII oh they thought SO sure Of execu-
uon, but we are satisfied the practical wisdom
OF our people would always suggest
the payment of the full amount pro-
yided the road was pushed as ener
gelically rs circumstances would allow. The
point 70 which we would col! attention Is this
mat the company Is by no means released from
IT'S obhgali n to build tho road, because they
made a mistake III the contract. No man is re-
leased from the payment OF note simply be-
cause he cannot pay 1t at maturity. On the con-
Tary Its non payment should and generally
a0e, Stimulate him TO greater exertion to salts
~, as soon as possible, his disappointed credi-
tor. Certainly no disposition has been felt or
manifested by any OF the Dallasites to shrk
their full responsibility. and we sincerely be-
ilove that every man whose note Is held by Mr..
Paramoresa company, will willingly acauesco
m the reasonable extension Of time for com
peting the work.
The duty of the company Is to build tho road
" Dallas, and any change OF purpose now by
diversion to another Or other, points-any
OF other places, for tho only reason
mat they themselves could not do what they
iolt Justihed In binding themselves to do, would
DO bad faith. We do not wish TO be understood
as iorss moment doubling that the. directory en-
certain the same views we have Just eivon uts
terance to, and our remarks are made In reply 10
,he approximations of some OF our citizens whose
interest IN the early construction Of the road
TAQ halt l.
ca. This much we win add, however: that In.
ts-muyn ~ PRESIDENT PNamore has announced
the failure Of the road 10 reach us by the time
stipulated. 1t would be but appropriate that the
directory should officially inform Us of the fact
anu ask for iurthsr time to discharge the obliga.
non sun resting upon their corporation, s.--
ON CHANGE
There were only "a few transactions on the ex-
change to-day, owing entirely to the light re-
receiving supplies from Kansas are firm In
their asktngs, and hold tho products at prices
which win net them u fair profit Two cars OF
bran came In Today from the north. but the
prices asked were not responded TO by buyers.
Wheat was firm, and dealers showed an anxieIy
10 purchase. Orders arc coming In for this
cereal from the mills in southern and eastern
Texas and operators here find 1t difficult 10 70.
spond " the demands made upon them. All
KINDS or grain are firm, and corn y scarce upon
The market. While there Il no change to notice |
In quotations. prices are steady and strong.
49,
CALL BOARD
The members of the call board were seem |
ingly in good mood today. and bidding was |
active and animated The following were the |
ruling prices: Wheat, cash, 100; February, |
sl.Gi March, sl.O6@ll0; April, Sl.N@i 10 |
Corn In shuck, cash, 50@5; February, 81
March, o.; Aphl 52A@6O Average Texas corn.
In bulk, cash, 52h@53; February, b796i |
March, 59@6lh April, 6O@65. Choice red rust.
proof oats, cash. 57G6l; February, 52@j9;
March, 81: April IS. Rye, sacked,
cash. northern, 7O Texas, 5000. There were
some good sales of barley made for cash at 20,
but the general askngswere 6iI. Bran, cash,
sllG February 81 O7g1 IL Hay, cash, sl2 so;
February, sl2 %. AT Forney II choice article
was offered at Sll 90 and for delivery in Dallas
sl2 30. Millet seed, cash, German, SllO@sl rs;
mule milet 5000. A car of shuck corn was Of
fered on the Houston Il Texas Central road nj
y. There were some large transactions effected
at above figures