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

DALLAS. May 4-The Merchants ex-
change OF Dallas is the most potent organ
ization to effect gre at ends anu carry
through important enterprise ever ioun 'o
In Moth Texas. Less than one month ago
II re-organ. zed on its present basis by
uniting with it the members OF the Cot
ton exchange and during that short perl.o,,d
Il has provided meansto erect u Haghih,
cent building which is to be the priue Oh
our people. and when asked as u last re.
sort. to aid in securing The requireu
amount of money tn bring the Texas " 81
louis Railroad TO this city, 1t came to the
rescue and Ia less than one week accom-
plished ali that was asked OF IT, Ihe mem.
beers re present and control larger amount
of capi haitian do those OF any other inGpr
porated institution or company prooaoly
in the whole state outside OF palVes'oh.
The confidence inspired by the eAchanHe
In what IL has accom- plishen III 'he ias.
month, is being felt In every uephtsni aa
of business and particularly in the al,
vance of real estate in the city. Had
the Texas & st. Louis road been diverted
from this city, the exchange builuihg hot
been decided upon, had the members not
given assurance that every future great
movement in the interests oil DALLAS wouiu
receive their fostering care ana attehuon
there would have been no material ADVANCE
in property, and business generally wouiu
not have experienced the new impetus
given to IL In the last two weeks. III mas nc
complished another important matter Tor
the welfare of the city by bringing ABOUT
kindly feeling and unity between tnose
whose intert ste lay In different Localities,
anu 1t has really anointed oil Win INA.
precious anointment which the sacred
writings iiken unto those IN the piessihE
of How good and how pleasant u u Tor
brethren to dwell together in unity" There
Ia not A single member Of the exchange
who Is not proud of his connection Win IL,
and well he may be; and there is not SIN
gle member who would part with ms mem
6ership, for he feels so long as ne retaihs IL
that It is an evidence OF his honesty ana
responsibility as q citizen ana one worthy
OF association with the honorable business
men of Dallas.
ON 'cnANGE.
The members of the exchange have set
N,d down TO business, and they are now
Interested In tryir & to make dolla: or TWO.
There were some lair trnnsactlons III gram j.,
and holders are gradually disposing OF al
the surplus they have on hand. retail
dealers find it impossible TO secure wheat,
corn and oats they require from wagons,
and are purchasing freely from wholesale
operators. There il q constant demand Tor
wheat, corn and oats, and prices are main
tanned at present figures, which are OIL that
the trade will permit of at this time. There
are daily transactions IN futures; ana as
cotton Spectators are generally Dulls on the
market, the advance in the last lew days
have realized them very good pro.
fits. There are also some good
deals made in grain and provisions,
but as operators are generally reticent OH
the subject, 1t is difficult to say whether
their pocket change is increasing in volume
or ifit Is dwindling down to intinitesimal
proportions. Prices for cotton are very
firm, and the grain market Is steady.
Exchange prices to-day are as follows
Cotton sells on o basis % for middling
Wheat, choice, 90 to 05; lower grades as pei
quality, from 70 to So, Corn in shuck, A
TO so; sacked, so to 90. Oats, No. 2, from 81
TO 55. Rye. so. Barley, 50 to GO. Millet
seed, 60 cents for small; German, $l.O tt
81 25. Bran, SO to 10. Hay, $40 to $l2
and dull ON the market.
ATTENTION is called to the notice of |
called meeting of the members Of the Mer
chants exchange and the business men gen
orally, In the local columns. The Injecting
willconsider proposition to locate II boo