The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-05-13
THE BUSINESS WORLD
COM MKkCIAL.

VOm MNHSlALs
DALLAs. MAY l2.-Dun h Co. report the
business failures in the south for the week
ending last evening At ftty'hve. Durine
that period the HERALD can not call TO
mind single one occurring In north Texas.
The truth Is there are no good grounds for
failures In this portion oi the stnte. In
other southern states where planters have
TO enrich their lands with fertilizers at
heavy expense, and then receive smaller re.
turns than are assured to the farmers and
planters of Texas. they arc seldom out OF
debt and their growing crops are covered
by mortgages, and they necessarily ask
their merchants for credit iavors. When
the planters fail to meet their obligations
70 the merchants from any cause. the latter,
unless possessed Of means outside OF his
business, must ask for an extension or be
forced to the wall. In this state 1t IL differ
ent. The farmers have no expense To Incur
In fertilizlng their lands, the growing crops
require little labor In their cultivation save
cutting out and killing weeds and grass,
the returns tor their laoor are large except
In seasons Of drought, which are not more
frequent here than IN more northern states,
and ut the present time II IL mn exception
where the farmer or planter has not the
money at his command to pay Tor all his
supplies. Under this state OF affairs mer-
chants 'are not asked to carry doubtful
credits, they can easily command all the
means necessary to meet their maturing
obligations, and hence failures are infre-
Quent and seldom fany magnitude unless,
as Ia the case now and then, some one de-
sires to accumulate riches faster than iu-
dicious ventures are sure To bring him and
enters the arena OF speculation and falls AZ
the leaves fall. IL IL not assuming too
much by saying, take north Texas over to-
day, with her stock interests, her agr,cultu-
raj prospects, her manufactures, however
few and small they may be-, that II Is the
most prosperous and promising section OF
the whole union of states, and that bust
ness failures will DO even less irequesit NJ 1t
advances In wealth and population.
ON CHANGE
business continues light on the exchange
Notwithstanding there arc always,
numbers present to pick up any
grain or cotton that Is offered for
sale. The supplies OF grain are short OF
the demand AZ this time, which In meas
ure Is owing to the prevailing opinion that
corn and oats will both decline In price be-
fore the month closes. Orders are not as
ir quent as they have been, hut inquiries
are being made daily as regards the proba-
BILE price OF oats, when the new crop IL
offered on the market. Dealers are making
arrangements to secure and store all that
may DO sent TO this city, either Tor sale or
commission, or for cash to consignors.
A communication has been sent to the
lengthy for publication, In regard
70 tho establishment Of Travelling Sale.-
mems exchange In this city. The gist OF the
article IL that the members of such an cx-
change would only meet after business
hours, would like q c0zy place where they
could smoke cigars, read papers and talk
over business matters generally, and sug-
eests the propriety of the Merchants ex-
change tehuering their room for their meet
ings, as 1t would not interfere In the least
with the business of the Merchants ex-
HERALD could provide them with newspa
pers published in Texas, by which they
could be posted In occurring events all over
the state. As regards the Merchants OK.
change rendering them their rooms the
HERALD csunot sneak advisedly, but has
no doubt that II the Travelling Salesmen's
exchange Is organized the rooms will
be rendered them free Of charge.
The HERALD will willingly give the OK
change oil the papers received at the office
daily, II they will have some one to call for
them, and the exchange list Of the HERALD
embraces papers from all over this state
and In fact the whole country. In this
connection II may be proper TO state that
the HERALD Is decidedly In favor of the for
nation of such an exchange in this city
and will do all In its power to promote its
interests. Recognizing, as IL does, that tho
travelling statesmen OF Texas are really u
class Ut intelligent gentlemen, who have
been elected by the prominent business
the HERALD will ever DO found promoting
their interests and doing all In Its power to
aid them In this laudablo enterprise. Lei
the travelling statesmen organize and they
will receive every encouragement they
could ask for at the hands Of the HERALD
and the business men of Dallas generally
GRAIN AND BREApsrures.
The grain trade OF Dallas at this time Il
not heavy, ana yet II exceeds that of an,
other city In the state. This Is the tail enc
OF the grain season, and until the oats croI
now growing and maturingis offered On tn,
market transactions must necessarily b,
light. After the oats crop Is harvested
wheat will DO ready for the market, ant
soon after hay and corn will be offered II
abundance. After one month from thi
time business on the Merchants exchang,
will DO active and dealers are preparing TO
II. The receipts to-day were OF cOurs,
light, and In consequence transactions re
otiNtuNs ANps NeJ Puossu hNN chhNhVht
are made In some direciio lon iron
this city and orders still are coming in
but they are not so frequent or as larg,
as they were several weeks ago. There II
no change In prices Of grain but the mar
ket IL not as firm as a week ago, and tn,
probabilities are that there will be declin,
In both corn and oats, while wheat, for tn,
present, will remain steady at quotations
Flour 10 selling readily, and better grade
L. .uA ka u.>, ia ~ naDa.
large and supplies are sent from here I,
nearly every point of north Texus. Their
IL no change to note In quotations, nor will
there be any until the next wheat crop l
developed and the coming yield is an
proximated. The HERALDs reports mr.
reliable:
ro.pAy's QUOTATIONS.
WnrAr--Choices 200; medium, $780,; low grade
TO-; Nicaragua, 80 I, 6Oc.
RYE irm at 81 10 SO.
BARLEy-50 to 800,
OArs-5O to 62o for spring 30 to $50. for fal
es9i i., red rust proof 81 to CO.; In sacks 80
uo.s--in shpct, 50 to 0ac.' shcllcd and sacked
.AS-wo quote at mills, soc.; In store, sacks
FIcuN--we quote City Mills as follows; xxx
q zoe xxx, t26S; exua, Sa55; Magnolia
R7b. Fancy, " 10 TO eats; choice. sa2o I,
t2as; Xxxx, - % to sSosi NIX. taco Il
0xOO M - ~ w
Corn MKAL-Pcr bushel, $50.
vERp-Chopped corn, per 100 lbs, t2.25
Cruahed corn and cob, per 100 lbs, g. -; crushed
corn ana barley, per 100 lbs, e2V0; corn bran
Dor 100 lbs, $50.
HAY-Dafk, q 10 Is; bright si0 From store,
-prairic, bAled, dark, 81 70 81. bright az
brlshs FREQ on board car soto sia; dark, Y;
IILLEr sxxp-6rl,, German mllet ti,25,
OOrroN SEsn-fitm at lSkc. per bush,l
The latest telegraph advices from New
York ,,state that the general demand shows
very fair improvements for new assert.
moi,ts, with the volume Of new business In.
crsAsed still the takiugs haze exhibited
much preference for styles aud qualities
Lonsdals cambrics are reduced TO TO. In
view OF the Improvement In tho prices oil
cotton, more attention Is given to staple
and colorod cottons, with QUIET negotiations
having tax. IN fair quantities. Men's.wear
Woolens, KENTUCKY jeans, cottonades and
AaUuAl A. vvlthnut lifo thu lvh fnr thu las