The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-06-15
Tho Fmanei.l sl,nntlon.

| N" eHoe hOtWlbnsthQulng
the brief cold wave which has passe 4
over northern sections, the weather has
osntihueo iairly favorable for planting
prepsrauons and crop development. In
tne south, however, there have baen
some local disturbances. Ina mast
important OF which arc the severe
storms In the Southwest and ths
overflow in the Arkansas valley. Thesa
though distressing to the sections
harmedr are so limited In extent Al IN
have but little effect as yet on the total
crop With regard to broadstuffs the
agricultural department report for the
lst OF May Will be awaited with Interest.
lt would seem as II the warmer weather
OF the last three weeks OF April ought TO
have had the etioct TO raise the average
on winter wheat, and yet current private
reports are generally disappointing.
Eor corn, oats, hax and cotton the indi-
cations point TO a larger acreage.
As TO the threatened war betweeu.
Russia and Great Britain II stlll has a
decided influence In all our markets.
although thore is as much doubt as ever
with regard to the result of the negotia-
lions In progress. Stimulated by the
daily reports the speculative moye-
ment In breadstuhs aud provisions has
continuedi prices seem also
70 save met with more response
in Europe than heretofore, 80 that for
the week our exports will show better
than for some time. But the effect OF
the situation on most other industries
has been depressing. All buying for
import, especially in distant markets,
Is checked or restricted through the
higher insurance asked, while In our
STOCK Exchange. no one dares act on
MS convictions, but prefers TO await the
event and lot the result determine It's
effect.
In the interval warlike preparations
go on with increasing vigor, while the
points in dispute remain unmIstakable
ana ON the surface irreconciiable. But
aside from these obvious appearances
the surroundings are really quite char
ncteI1ssic, for the Czar Ia beyond doub
all the time encFoaching, while Glad
stone meanwhile is talking spendidIy.
To the average American il looks, az IL
has looked from the first, as IL the
English government mot the Eng
lish people) would rather give up the
whole Of Aighanistan than fight for IL.
or course we all feel that war Is TO be
avoided when IL can be without too
great sacrifice, and certainly campaign
such as this promises TO be Is not lightly
to pe entered upon. But when gem
eral spirit OF forbearance has proceeded
so far that even France dares insult
nation like England because OF the sup
preston OF a cOntemtible newspaper, a
time for the old lion to growl at least,
seems TO have come. In this case
Russia wants apparently, and for q
purpose best known to herself, 10 plant
her forces where they can be q constant
menace 10 India. That she has now
accomplished; and IL she Is allowed I'd
stay where she sand tho boundary can
be rectified 30 that settlement
gives her all she claimed.
nor present purpose Is attained and the
resi- she oan walt for under "distinot
pledge" good so long as IL lasts, that
the "Lessar line shall be the abiding
limit OF the Russian frontier" Will It
not DO quite a new sensation for the
world when Russia gets an "abiding
limit In any direction.
What has been already said suffi-
clently reflects the situation OF general
business. Until this war issue is settled
trade cannot prosper; there IN too much
uncertainty asto the effect OF Europ-
can disturbance on our industries 10
permit OF any revival OF confidence.
This IL aggravated, too, by the doubt
which surrounds home infu-
enoes; we refer especially TO the
crop condltlon-the setback winter
wheat has received, making the public
more cautious, feeling which can only
find relief when SOME degree of GER
tainty Is assured respecting other pro-
ductions. Then, also, there is the for
eign exchange market, which acts simi-
larly, the high wages increasing the
feeling OF doubt as TO the future. This
week foreign exchange has not been
quite 80 strong as II was Immediately
otter the late advance, but IL not quota
bly, lower. The easier market is due
mainly 10 an increase of commercial
bills, drawn against late shipments OF
breadstutfs. With, then, 80 many i'm
portant elements OF uncertainty exist
ing-the war news, crop advices and
rates for foreign oxchange-it Is not sur
prlsing that the development of general
business should await events showing
for the time being less rather than more
life.
In this condition the stock market
has also naturally enough sylnpathized.
Few have dared to sell and fewer still
10 purchase, so, although prices are i'm
general sustained, there has been little
doing. An important feature Of the
week, though II has been without any
special influence on prices, Ia the cha-
otic state of the railroad traf-
nc arrangements. Among the
roads west OF Chicago the warfare
has increased In bitternesa, and rates
TO Omaha In one direction and st. Paul
In the other are down 10 10 cents per
100 pounds on all classes of freight.
These rates are simply ruinous, and the
only redeeming feature about them is
that they hold out the hope that
through such drastic means the contest
will bo brought 70 aspeody termination.
In the East the action, or rather,
non-aotion, Of the trunk line,
managers at their meeting ON
Thursday has furnished another evil
denoe OF the difficulty OF dealing with
the pool problem, aud re-ostablishing
the pool on an enduring basis. The
managers, II seems, approved OF the
project OF the formation OF the Central
Traffic Association, 10 which wo referred
q short time ago, and expressed their
intention orco-operating (which cooper
as soon AZ tho plan has been satlsfac-
torily worked out. This. OF
course, is encouraging, as far at
IL goes. But these trunk line managers
at the same time neglected To DO any
thing about continuing their settle
ments Of balances. We do lot under
stand that this means dis solution OF
the pool. Things will prob ably 70 on
~ they have boeni that 4, the sem
blanca OF pool will rema' IN, but desa.
tute OF all power. Il or ali psao-
teal purposes, however,, Il might
as well bo abar .doned. The
idea OF regulating or controlling
rates has previously been given
up, and now no atter6pt win be made
oven to hold the roads down 10 pool per
cottages, other eas. 81 Chicago or west
OF the soaboard, for there viii no no pro-
vision for settling balances. II will be
remembered that the old method of set
tlement had been extended from the LIST
OF April 10 the lat OF May, but at this
weeks meetingS as said, nothing was
done towards q further extension.-[Fi-
nanoial Chronicle.
poEEoni's NJ Medfcated Comm Icxion Powder