The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-04-01
THE BUSINESS WORLD


DALAI March n On next Wednesday IN,
hrst annual election for officers OF the Merchants
Exch ange Of this city viii occnr ana already
the members are casting about for the most
suitable persons 10 I'LL the positions OF president
vice. president aud directors. As the election Is
ono ffnught with more than usual interest o inc
whole business community OF Dallas, me Rsnl-
bers are determined To choose only such genuo'
men for the positions named. as Will give their
best efforts and talent 10 enhance the prosperity
OF the exchange aud TO render II sun iurther an
important auxiliary TO the growing business m
terests of the city Feeling that Two organixa.
tons having the same objects IN view were not
necessary Ia u city the'slze OF Dallas the Cotton
Exchange abandoned their Organization, nnd
coalition was formed. with the Merchants Nm
change, an increase IN the number OF directors
was decided upon aud tits understood that the
cotton and grain mon VIII have an equal repre-
sentati0n IN the next board, and the interests OF
either or both viii be alike cared for protected
and advanced. Hut not only the grain nDd
and cotton businesses will receive attention by
tho next board, but tho general mercantile nsd
Manufacturing interests VIII be iostoion anu al
vanced 80 far ~ lies la the power OF INC eN'
change, aud It's potency In such efforts VIII 10
folt and acknowledged before another twelve
months roll round. liy tho efforts Of tho mem
bers OF the Merchants Exchange during the
past year Dallas has become the great grain
market OF Texas, and us the general business oi
any section or country follows whore us pro.
ducts are marketed, II has brought thousands OF
dollars to Dallas, which. without slch an organ,
kation, would have gone In other dirccunhsanl
10 less important cities For thls fchSOu ana
many others that could be advanced. every bus
tnoss man IN Dallas every banker. railroad OIL
Ger and agent real estate owner, manufacturer.
and In fact all who are interested In mo welfare
Of the city, should become members OF The Xxx
change, and by their united Efforts assist In pro-
noting the general good OF tho city. II In In
cerely 10 DO hoped that tho
people Of Dallas do already realize
all the benefits that tho Merchants Exchange ~
accommodating and TINT The membership VIII
more than double itself within the next two
weeks. II ls Just such organizations as INST that
make great commercial cities. ana inc goou
people OF Dallas should regard the Merchants
Exchange with PRIDE and tako an interest IN
npholding and sustaining It,
ON CHANGE,
There was u good attendance on the exchange
to-day, and grain dealers were anxious To pur'
chase corn One party refused 67'l cents for II
by the carload, the views OF sellers being gen.
orally above those of buyers number OF
dealers are disappointed In receipts nom the
country and surrounding points, and are
becoming convinced they will hnvc to depend
upon their supplies from more distant localities
Tho small amount OF oats coming In arc below
even the requirements OF retail dealers. littlo
wheat has boon offered In the last few days,
which commanded full quotations. Tho light
receipts arU great hlndranco to M active,
heavy business In all kinds Of grain
The following prices ruled on the exchange
W-uuy' tOttOH utin lOr mluulnki islu, " nNht
d .Cisi.C6 Corn Ia shuck, GOs02. Average
Texas corn. In bulk. G5G5GZ Oats, sacked coo
o. Rye nominal, co Barley nominal, Is. MIL
lot seed, 6OGp05 German. ei.25 Hay, az 90.
A Dallas correspondent OF tho Timcs.Demo.
Crat says Of tho Merchants Exchange; This In
sutuuon, organized ono year ago, hns taken new
quarters at the corner of Elm and Austin streets,
and 10 now taking the full line Of q. N, d. dis.
patches. II has Increased Its membership To $50.
and become n popular resort for all the leading
grain and cotton men OF tho city. II Is now
what they have for II long time strlven to make
N--A plnco where commercial news IN posted
upon tho blackboard every Ave minutes, and
where they can daily meet trade and exchange
notes, and where merchants of othor cite, can
DO introduced 10 them. II marks m era Of real
progress In Dallas, this establishing OF d
city institution with oil the news they generally
have. II IL much cheaper TO all concerned thar
any plan they could fall upon, and ten time'
more satisfactory, Ms II places I'LL upon III
equality. The Merchants Exchange IN upon NJ
excellent footing, owing nothing and win
plenty OF money In the treasury To run II inden
nitely.