The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-05-20
GOTHAM GRIST.
Chatty Letter From the Great Ameri.
can Metropolis,
Covering Wide Range OF Interesting
Subject Matter,
From the Fluctuations Of Wall Street
10 Fashions Boudoir
Pertinent and Profitable Pointers,

Pertinent and Profitable Pointers
NEW YoRK, May l5.-Financial circle
are without feature-a sort of samenes,
pervades the Wall street air that astonishe,
even the Oldest broker, AL anticipation.
no realization" Buying, selling short OF
long goes on, yet there is from day to ds,
but fractional difference in the ON ,ta
tons. In the early part OF the week IN,
bears male desperate effort to break IN,
market, and thus far they have succeeded
in bearing down, though not very mark
eddy, nearly all the stocks. At the present
writing they are still the yictors. An old
well-known broker gave me few of what
commonly known as straight tins y
During the conversation he told me thai
there was no earthly reason why the mar.
ket is so depressed every road is doing A
good business, and the prospects for large
ireight movements were never better. The
break is surely due to the fact that the
knowing ones are anxious TO buy nm ali
good stocks at the cheap prices. Ii was
whispered in money circles that Gould was
not in favor of depressing stocks but
rather in toning them up. In spite of all
these predictions the tendency is TO drop
Nanderbilts departure has had no
marked effect thus far, vet it was surprising
TO me TO see one of Nanderbilt's brokers
make such large purchases during the first
decline. After he had purchased all that
was offered, the stocks recovered, and ere
the day was over Delaware, Lackawana x
Western and Lake Shore resumed their old
figures. This, OF course, is merely a coin:
cldence, and strangely comedies with the
wishes of the kings.
The Texas stocks have been ya,illating
quite deal, and now Gould wishes to see
things advance. really give my advice
gratis. always 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 seem
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 unusna! turn. and
ageneral rise would not in the least sur.
prise me.
The exports of cotton for the week were
simply astounding; thousands of bales 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 TO 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 oh
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 1t on the ranches. TO 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 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 per cent.
Will tempt buyers. The demand for fine
lty Will find ready sale. | do not mean to
discourage the wool growers with forebod.
lngs like these, yet feel myself obliged to
state these facts, without a bit OF coloring.
] have seen letters written to northern wool
buyers now III Texas, TO stop purchasing
until lower prices are asked by the growers.
here were few Texans in town this week.
Mr.. Giddings, of Giddings e. Giddngs,
Brenhsm bankers, was mere 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.
cessiul end. While here, they were very
reticent, and stopped not at hotel
but at an apartment house in
the upper part of the city.
| made several unsuccessful at.
tempts to see them, but at each time was
met with the reply that the gentlem, n
were out.
The bridge from New York to Brooklyn
IS almost completed and the opening day is
set Tor the 2ithof this month. Certainly this
is the grandest structure OF its kind in the
world, costing more than SIS, 600 900, which
was shared by the two cities. MANY of
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.
spent some time last week looking up
the Chinese opium points, against which
sucn an active war is being waged.
strolled up Mott street, the Chinese quar-.
yer OF the town, where over each door
hangs the peculiar hieroglyphics announc-
ing that this is a pagoda. Six bits is the
price OF admission, which includes pipe of
opium. | paid my money, and soon was
inside. Seated around on quaint dv,ns
were the smokers, some partly narcotized.
their faces marked with expires.
slons of delight and ease, Others
lust smoking into a b issfnl
dreamy sleep,while some further back were
stupidity snoring away the last effects OF the
drug. The pipe handed me was an odd
affair, composed of an ivory knob with q
slght depression in the centre, and this was
attached to a straight bamboo stem. The
Snlnaman in charge handed me pipe, but
| forewent the pleasure, on his agreeing TO
return me two-bits, which, to the credit of
Ih nese honor, he did. | stood the in
descrlbable steLch which pervaded the
place Tor about thirty minutes, when
capi'uIated. and deserted the point 1t is
10 De hoped that war against these places
WIN terminate successfully, Tor hundreds of
innocent young girls, from between fourteen
10 seventeen years. owe their ruin and dis
hoher to the opium pipe. 1t is to be re-
GREETED that limited space forces me TO
gut an interesting subject about which SO
much can be written.
President Arthur has taken hold Of the
knife, and severed the thread which sus-
pended the Damoclean sword which
hung over the head Of Ap.
pralser Stephen n. Lemonson and
william u. Hoyt. Interesting developments
OF attempts to deiraud the government IRE
expected this, OF course, is nothing new to
us. Tor this, the age of deiaulters and con.
shlrasors in the shape of public servants, is
rue with many and new discoveries.
me glove contest between Mitchell and
sullivan was an affair worth seeing, despite
the physical difference between the two con
tesianls, and the evident odds in favor of the
cnampion. Sullivan, Nevertheless, 1t was
oreditable to see the plucky Mitchell in the
second round knock Sullivan off his pihs,
ana thus the champion, for once, won a vic.
Tory IN which he was forced to bite the dust.
a., The theatres are all Oh the beginning OF
tne end, and soon the fashionable ones will
oe closed and the concert summer rArde n