The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-06-10
GOTHAM GRlST.
Crisp and Chatty Correspondence From
the Country's Metropolis,
Touching Almost Every Sort OF Sub
jet Matter,
And Various Trines Light rs Air.

Ngw York, June correspondence J.
"See saw, up aud down Is the adaee -
"ru,es the roost In stock circles. sud
den transformation scene has been enacted
ant everybody has laid aside the woody
coat OF the bear and assumed the horns o.
the bull. This sort OF spasmodio change
Only demonstrates that II Is "heads, ! win
tails, you lose. There is nothing
specially new TO write about, The
TELEGRAM given below, Of June %
la its resume on the fnqncal doings o.
the week. comedies with what have writ
ten you some weeks ago. 1t lays all blame
Of decline In speculation to the fact that
stock sharks settled the goose that laid ia,
golden egg.
Nav YoRR, June D. Especial lit Is not
two wears ago that such predictions were
quite In fashion, aud the man who mad,
them was considered a very long head, Il
not wise head. Many financial loglcian'
are casting about for the reason OF such un
toward state OF things ms ut present prevails
assigning many reasons and spreading
lati0n. Some contend that the Wall street
man has been like that foolish chap In the
story, He, with an insane idea OF getting
very rich all OF sudden and finding the
very source itself. suddenly concluded ia
xiii the goose which laid the golden eggs.
WALL STREET SHARKS.
Nv this smile reference Is made TO tn lose
In satiables who have gone on building
wildcat railroads and captivating them at
three or four times their cost, making Sc
cnTilies by tho ream, until they have come
10 DO looked upon by the shrewd spccula-
tor as of not much more intrinsic value
than fancy chromos. Ultimately thinks
the sohemcr, ms the country expapds and
grows up so fast, ils requirements will pass
! agay beyond the wilicn. protests; but your
shrewd sprtulAftor does mol wish to buy
and wait until the arrival of that mllen-
mum In the meantime Mr.. SChemer Is
compelled TO put in his bids from day to
day ior his own wares In order to prevent
the market from Collapsing.
Stocks automatically risen, and am in
clined to believe that for once In CEN
tury this is healthy rise. A dispatch was
received by one OF the dailles with which |
a0 connected, from Texas stating that tho
crops now harvested were very heavy and
never before did Texas give evidence Of II
larger crop than this year. True TO THIS,
southwestern stocks rose lew points the
same day; reasoning from this, hence my
conclusion of healthy rise.
A new exchange, called the Petroleum
exchange, has been Incorporated to swell
the Rlroady countless number OF exchanges
existing. True II has existed on u semi
basis hut now II appears full lledged with a
membership Of about 100 al $500 per seat.
what aslonshes me most is the TACT that
~ soon AZ an article Of commerce has spe'
oinl exchange Of Its own IL no longer be-
HAYES ~ II did In former honest times, IN
short II becomes more barometric; petro-
lcum has followed her predecessors and act
ed the Same way. When oil available
seats on the change were gobbed up, news
spraad about to the fact that n few good
Iunning wells had ceased TO produce, and
others In order TO keep running were fired
with dynamite. | laughed in my sleeve
aud my presentiment was lot
anaiss oil jumped suddenly to $l.@ per
barrel.
Anu s,ill tho world goes on and as
Sardou says, Paris without Frou Frou, liz
impossible, no New York without some
financial sensation, Ia hardly likely to be.
Cotton has been rather low, and the re-
suit Is larger exports. II was not sur
prising TO visit the cotton exchange daily
ltuIu HUH Nnt ulOhtiN WV WIZ
tale-COttOn low, free offerings. The
prophetic operators or dealers In futures
had q way OF their own; for two or three
days they knocked things down, then sud
denly, to please fancy, shot up o to 10
pbints, only to again knock them down.
You are certainly tired OF my stereosyped
specials announcing the fact that coffee
futures are or 10 OIL, yet tins ~ the case.
The bcarsh tendency II founded on good
basis, tho fact that Havre, which is the
worlds coffee market, holds some millions
d bags In statu quo, which, ifthrown upon
No market, would give rise to flood, is
surely a good reason why one should be
aNerse to purchase at high prices, Thus
With such a goodly supply on hand we can
certainly expect cheap coilee ior some time
TO come.
Ada lyman, the minstrel, has truly said
in one OF his stump speeches 1--WE want
more colleges. The country needs more.
They are q Godsend 10 tho people, for
DOESN'T II take four columns OF the New
York Herald daily TO keep track Of what the
college oarsmen, crocketers and base ball
paayers are doing" Having nothing else
10 DO, our aristocaatic university Harvard
has gone into politics and proposes to lead
the political world by the nose. Poor, dc.
luded Harvard has your stock OF full
ncdged dudes deprecated so much that you
arc forced to clutch at straws to keep you
ailoat2 Ben Butler, With his unsayory
Now Orleans degree OF $. H., can do without
your ILL. ID. Honest indignation cannot
10 SUPP ressed, and took the opportunity
OF canyassng the university club where
northern and southern graduates meet
In friendly contest over d choice bot
us of Renne ClicQuot or Piper SEQ
aud discuss college events, and ! must say
tho universal opinion Is that Harvard or
any other established school OF learning
has no right TO refuse an honorary degree TO
anyone whose services and qualiilc ations on.
title him TO such. Political controversies
ought to bc left without the lecture halls
Apd laboratories, A similar incident occurred
ala college In this city a few years ago,
wh,re attended lectures on chemistry, by
tho most famous professor In that branch;
Il was week before tho presidential cleo.
ton, when 10 the surprise Of all, the aiore.
said professor, devoted his entire hour
TO q political speech ON the merits of
the republican candidate, aud per.
slated despite the Kisses Of the
democratic students, aud was ouly shut up
when an enthusiastic southern democrat
hung up u picture OF Hancock aud stood
guard over II, preventing all attempts 10
take II down. II Is 10 be hoped that liar.
universities, but rather the maxim, "Shoc.
maker stick ~ your last" will serve as u
guiding star.
Colonel Roeblins, the engineer OF the
great New York aud Brooklyn bridge, is
to-day a sad.heartcd man. Like many
great men no surmounted obstacles and
stumbled al triiles. His bridge has been
baptized In the blood Of thirteen
innocents. While We were comparing
notes of the Decoration day ceremonics,
news came that q fearful crush aud panic
had taken place on the bridge and when
We reached there II was only 10 behold thir.
teen mangled corpses borne away. The
authorities, by tho way OF information, told |
us that the accident was due TO n ruse of
plokpockets In order to more conveniently
ply their trade, and this was the cause as,
HIvncd by all papers, To-day, however,
every one comedies that the iootpath is |
entirely inadequate toserve the demands OF |
foot passengers. Fortunately this can be |
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