The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-06-14
GOTHAM GRlST
Crlsp and Claiiy correspondence From
the COuuirJ's Metropolis
Touching Almost Every Sort OF Sub
ject Matter,


,'rules the roost in stock circles. sud-
den transformation scene has been enacted,
and everybody has laid aside the woody
coat of the bear and assumed the horns oil
the bull. This sort of spasmodic change
only demonstrates that it is "heads, win
tails. YOU lose." There is nothing
snecially new to write about, The
Telegram given below, of June I'd,
in it's resume on the financial doings OF
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 the
golden egg. rsnoo;o,1-Itisno not
two wears ago that such predictions were
quite in fashion, and the man who maze
them was e cons Msny iS nssncia ogicians
are casting about for the reason OF such un-
toward state OF things as at present prevails,
oss;gning MANY reasons and spreading
nIat?tndes to account for the decay of specu-
iation, Some contend that the wan street
man has been like that foolish chap IN the
story. He, with an insane iaef a o5 ge'' tbs
very source itself. suddenly concluded to
vi t?iy tho goose which laid the golden eggs.
WALL STREET SHARKS.
Rv this smile reference is made to those
in satiables who have gone on Dulldlng
wildcat railroads and capitalizlng them at
three or four times their cost, MAKING Sc
cnrities by the ream, until they have come
~ he Looked upon by the shrewd specula-
tor 40 of not much more intrinsic value
than fancy chromos. Ultimately, thinks
the sohemer, as the country expands and
grows up so fast, its requirements WI pass
sway beyond the wildcat projects; put your
snrewd speculator does not wish to buy
and wait until the arrival OF t9at mllleH-
mimi. In the meantime MT. ocnemer Is
omnelled to put in his bids from day to
Sau for his own wares in order to prevent
the market from collapsing.
Stocks hayelmarkedly risen, and L am IN
cl;ned to believe that for once in CEN
tnry this is healthy rise: A dispatch was
received by one of the dallles WIN Whicn
am connected, from leAas s.aIins .na, SnS
crons now harvested were very heavy ana
nerer before did Texas give evidence OF
inr.or cron than this year. True to this,
.an, h we stern stocks rose few points the
same dav: reasoning from this, hence my
Conclusion of a healthy rise.
A new exchange, called tne fetroleuIi
exchange has been incorporated to swell
~ 1rasdv countless number of exchanges
sx;st;np. True it has existed on semi
bas;s hf1t now it appears full tledged with a
. uaS,o of about 700 at $500 per seat.
Via, astonshes me most is the fact that
os soon as an article of commerce has spe-
cial exchange of its own 1t no longer De-
HAYES as it did in ormer honest times, III
abort it becomes more barometrlc; petro-
lam HIS followed her predecessors and act
40 tho same way. When all available
seats nm the change were gobbled up, news
snread about to the fact that few GOOD
Thinning wells had ceased to produce, ana
ntbeTs In order 10 keep running were fired
with dynamite. l laughed in my sleeve
and nav presentiment was not
a ami oil jumped suddenly to sl24 per
And still the world goes on and as
cardon savs Paris without Frou Frou, Is
;mnossible, so New York without some
financial sensation, is hardly likely to be.
Cotton has been rather low, and the re-
suit is larger EXPORTS tSiton s was ms dsv
p and learn from the brokers the same old
taia-cotton low, free offerings. The
ZOO, hattie operators or dealers in futu. rs
baS way of their own; for two or three
davs thew knocked things down, then sud,
denly. to please fancy, shot up TO III
points, only to again Knock them GOWN.
Won are certainly tired OF my stereotyped
.nsc;eis Announcing the fact that coffee
iptnres are or Is off, yet this Is the case;
The hearish tendency is founded on good
bas;s The fact that Havre, which is the
wnrld,s coffee market, holds some millions
of bags in statu quo, which, u thrown upon
the market, would give rise 10 nood' Is
surely good reason why one snou M ue
averse to purchase at high prices, mus
with such a goodly supply on hand we can
Certainly expect cheap coffee for some time
F" Add Ryman, the minstrel, has truly said
in one of his stump speeches we want
more colleges, The country needs more.
They are a Godsend TO the people; ior
York Herald daily to keep track of what the
ooIiaae oarsmen. crocketers and base ball
Tisvers are doing" Having nothing else
20 do our aristocaatic university Harvard
has zone into politics and proposes to lead
the 5oiitical world by the nose. Poor, de.
fuded Harvard has your stock OF full
aedged dudes deprecl ateu SO w t .na' you
aAoat? Ben Butler, with his unsavory
, -Mayr Orleans degree OF s. B., can do without
-AI' ID. Honest indignation cannot
~ spnnTesi ed, and l took the opportunity
of canyassing the university club where
northern ana southern graduates meet
II friendly contest ccS Euot or Piper Sec Sec
and discuss college events, and must say
the universal opinion is that Harvard or
anv other established school Of learning
hss No riqht To "a use an honorary degree to
snvone whose services and qualifications en-
title him TO such. Political controversies
ought 10 be left without the lecture halls
and isbratories. A similar incident occurred
sta college in this city few years ago,
nh, 70 / attended lectures on chemistry, by
,ha most famous professor in that branch;
- was : week before the presidential cleo
tom. when 10 the surprise OF all, the afore-
said professor devoted his entire hour
10 q political speech on the merits oil
the republican candidate, and per
sisted despite the Kisses Of the
democratic students, and was only shut up
rhan an enthusiastic southern democrat
hnns nm a picture eff Hancock and stood
enard over il, pre- venting all attempts 10
sske II down. II 10 TO be hoped that Har-
wards action will not be emulated by other
universities, but rather the maxim, ohoe-
maker stick 70 your last" will serve as
guiding star.
Colonel Roebling, the engineer Of the
greas New York and Brooklyn bridge, is
So-dav A sad-hearted man. Like many
0reat men be surmounted obstacles and
stumbled at TRIES. His bridge has been
baptized in the blood Oh thirteen
notes of the Decoration day ceremonies,
news came that q fearul crush and panic
h,d taken place on the bridge and when
Ne reached there twas only 20 behold thir-
teen maugled cOrpses borne away. Ine
suthorities, By the way Of information, told
us that the accident was due 10 ruse OF
pickpock cts in orderto more conveniently
Wv their trade, and this was the cause as
signed by all papers. To-day, however,
sTerZ one c1ncedes that the fO0tpaih IL
entiYelv MAJ ,quate to serve the demands OF
loot psssenf M. Fortunately this can be
remedied, but nothing viii be said OF the
many hundreds Of thousands Of pubic
money the error Of one man csused.
The Sun Of to-day MAKES rather sharp
Comment on the fsct that fortJ OF my
Legislators were indicteo ~ Alsth ioI