The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-02-27
Railway Notes.


Nothing new was developed to-day in
railway circles. Lumber and iron for
the Pacific continues 10 pass
our depot in considerable quantities, From
tho St. Louis Republican of the oath, the
following extracts are taken
The subscription offered to stockholders
for $2,000,000 of the Texas u Pacific rail-
way company, for the extension of tho rail
way, closed last week with 1854 900 sub
scribed. This subscription of S2,000000 Is
in addition to the $5,0O0,00O offered in New
York sho't, time ago, and for which Sl0,-
100000 was subscribed, or more in both in
stances than double the amount asked for.
The amount Of money necessary to complete
the road to the Rio Grande, some 700 miles,
is now in hand, and it is the intention of the
company to carry 1t through to that point
within two years from the present time,
when some 1000 miles will DO in operation,
the amount now in use being some AGO miles.
Commenting upon this subscription, the
Philadelphia Ledger of last Friday Gays !;
"There are few roads that have brighter
outlook just now than has the Texas < Pa
cifc. 1t has no floating debt, an abundance
of money to move steaily forward with its
construction, business daily increasing, and
an income equal to all expenses and all inter-
est on Its funded Indebtedness. We know
Of no other great road, in its present pro-
gress of construction, that presents an out
ook 80 entirely gratifying as this. We are
the more gratfed to make this announcer
ment from the tact that it Is essentially a
philadelphia work, everything possible in
IS construction and equipment being furn.
shed here in this city,"
1t is point to be remembered in connec-
ton with the Iron Mountain Income bonds
that whether there is only years interest or
per cent. due on the hrsts, there is fifteen
months at six per cent, or IL per cent. on
the seconds.
The Galveston, Houston & Henderson rail-
way has voted to issue Il second mortgage
to meet the arrears of interest on the first
mortgage, but the question Is, can it be
placed on terms that would be regarded at all
satisfactory The feeling in New York is
that it cannot, and when this becomes fact
no recourse, it is felt, will be left but FORE
closure.
There is again talk about the payment of
the interest on the NJ, X. x I. bonds so MS
to return the road to the control of the stock
nOluers. DONle llme ago IL was SAID that
Gould meant to provd the money for this
purpose. Rumor now says that one coupon
on the first mortgage bonds will be paid at
An early day. &
Freights.
On cotton, all-rail to New York, 81 Al;
to Boston, ST 46; by rail and water to New
York, ST SO; Boston, 81 Al. On produce
from st. Louis to Dallas, Sl20 per car Kan
sas City, 500 per car.
Following are the rates from all points in
Kansas south of Kansas City:
To Dallas-Corn and oats, per hid 81 lie
Potatoes, per hid, Soc.
To Hutchins-Corn and oats, 43, -four So
To Ferris-Corn and oats, 40; -four 81.
To Palmer--Flour, So; corn and oats, 46.
To Ennis-Flour, 81; corn and oats, AZ.
To Rice.-Flour Gao; corn and oats 49c
Corsicana, Mexia, Groesbeck, Kosse, Wa.
co, Marlin, Bremond, Hearne and Bryan
Flour, Coo; corn and oats zoe.
To Calvert-Flour, &c; corn and oats,
80 cents,
.t Cotton.
Dull but not quotably lower. Following
aro tho ratna maid In na1Ia, to.d., q