The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1871-03-11
TELEGRAPHIC.
Especial to the ouachita Telegraph. ]
WASHINGTON.

wAsHINoToN.
WASHINGTON, March 3, p. nth
Texas Pacific Railroad bill has passe
both Houses and now awaits the Pres
ident's signature the report Of the Com
mittee Of Conference having been agree,
to this afternoon.
| The text of the House substitute,
synopsis Of which has recently beer
| published, was not materially altered
but amended by the addition of severa
| new sections. The main trunk com
| mences at Marshall, Texas, and extends
thereby by the most direct and eligible
route, to be determined by said Com
pany, near the 32d parallel of north
latitude, to u point near FL Paso, thence
by the most direct and eligible route, to
be selected by said Company, through
New Mexico and Arizona to point on
the Rio Colorado at or near the south
eastern boundary Of the State of Cali
fornia, thence by the most direct and
eligible route to San Diego, California.
The New Orleans, Baton Rouge and
Vicksburg Railroad Company, char
tered by the State of louisiana, has the
right to connect, by the most eligible
route to be selected by said Company,
with the said Texas Pacific Railroad at
its eastern terminus, and shall have the
right of way through the public lands
to the same extent granted hereby to
the said Texas Pacific Railroad Com
pany; and, in aid of it's construction
from Now Orleans to Baton Rouge,
thence by way of Alexandria, in said
State, to connect with said Texas Pacific
Railroad Company at its eastern termi-
nus, there is hereby granted to said
Company, it's SUCCESSORS and assigns,
the same number of alternate sections
of public lands per mile in the State Of
Louisiana as arc by this act granted in
the State Of California to said Texas Pa
cific Railroad Company +; and said lands
shall be Withdrawn from market, Sc
lecteG, and patents issued therefor, and
opened for settlement and pre-emptions
upon the same terms and in the same
manner and time as is provided for and
required from said Texas Pacific Rail-
road Company within said State of
California;; provided, that said Compa-
ny shall complete the whole of said
road within five years from the passage
Of this act.
For the purpose Of connecting the
Texas Pacific Railroad with the city of
San Francisco, the Southern Pacific
Railroad Company of California is here
by authorized, subject to the laws OF
California, to concert a line of railroad
from point at or near Tehachapa Pass,
by way of Los Angeles, to the Texas
Pacific Railroad at or near the Colorado
river, with the same rights, grants and
privileges, and subject to the same linn
itations, restrictions and conditions as
were granted to said Southern Pacific
Railroad Company of California by act
of July 9th, 1866; provided, however,
that this section shall in no way affect
or impair rights, private or prospective,
OF the Atlantic & Pacific Railroad Com
pany, or any other Railroad Company.
WASHINGTON, March 4.--The Presi-
dent has signed the Texas Pacific Rail-
road bill.
MISCELLANEOUS.
NEW ORLEA Ms, March 5.--The, Fair
building burned this morning. Loss
$3.50, 900, insurance $4,000. Powers
statue OF Washington, belonging to the
State, was destroyed. .s..-,
NEW York, March 5.-Ttle cotton
movement for the week shows con-
tinued falling off in receipts, although
the total is still very large and indicates
Il crop greater in extent than the gen
eral estimates.
In contradistinction to the decrease in
receipts this week, the very large in
crease in exports and total shipments 20
Great Britain and the continent are the
largest for any week this season.
The great accumulation of cotton at
sea and ports and interior towns, not
withstanding the enormous increase in
exports over last year, has completely
the trade and caused a
marked dcpressi on in all quarters.
The decline in the price Of cotton for
the week, on the value ofthc total crop,
shrinking of about thirteen
millions of dollars.
A great difficulty with the cotton
trade is thatspeculators have been over
trading on the advent OF peace in Eu
rope, and hence, when peace is declared,
the market takes sudden plunge down
ward instead of advancing.
In the cotton trade the great bulk of
spectators were fortified against peace
by having large amount of cotton on
hand, and, us soon as peace came, some
OF them started to rcalize,v which was
the commencement Of the present de-
pressed condition Of affairs; in plain
terms, there was too much company on
the "Bull'' side of the market.
Receipts at all ports for the week
126, 1896 bales; against 136, ,66l last week,
141 1857 the previous week, and l61 ,095
three weeks since.
Total receipts since September 2,9l7,-
GIG bales; against 2,1s9, ,513 for cores
bonding period of previous year.
Exports from all ports for the week
l4l, 1878 bales; against 81 ,522 for the same
week of last year.
Total exports for the expired portion
of the cotton year ,s4s ,3O6 bales; against
!, ,22S ,014 for same time last year.
Stock at all ports 659, ,7OS bales; against