The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-03-27
Railway Notes.

The New York Graphic represents Gould
as saying that there are no circumstances
likely to arise that would induce him TO seek
the alliance or the control OF the Iron Noun
tain.
There are 10000 locomotives in the United
States, and each contains $500 different
pieces, requiring renewal every ton or twelve
years. This conveys notion of the indus
tries which railroads foster
st. Louis Republican,: NJ, X. & 4. has
been pointed for weeks 70: II boom, If the
Cowdry case should be decided favorably TO
Gould, but it did not do anything more yes
terday than stand firm in tho closing break.
The failure to boom Immediately after the
decision may be attributed to tho fact that
the general public did not hear of the deci-
sion 10 time to do any buying yesterday Ac-
cordingly New York telepraphcd points yes
aerday that not only the stock, but both the
:arst and second bonds would make consider.
able advances.
The boom in Little Rock Il Fort Smith
seems to have been drowned, as the road
has been obliged TO reduce its rates for trans.
portation to compete with steamboat traffic,
and it Ia admitted that hereafter the earn
nings may not increase more than 40 per
cent, as against previous increases of so aud
100 per ent. The daily reports of earnings
have fallen off considerably in consequence of
this.
1t would be supposed that the decision of
the Cowdry suit unhvorably to the old Mis-
souri, Pacific would have absolutely destroyed
the value of that stock; but there is appar-
emily some remnant Of hope among its hold
ers and SD per share was bid for il in this
market AFTER inc decision, ana 1t Is SAID that
%4 was DID IN New YORK on Friday last
sales were made IN TINS marker at Si2 on pei
snare.
81 Louis kepuphcsn; Inquiries hay
lng been made OF the Keplotean, Regarding
sne texas RACING construction subscription
from thoroughly trustworthy source The
Iexas " facilc company contracted with th'
1ac,nc Improvement company 70 extend inc
Ioad' paying inc Improvement company
thereior certain amount OF STOCK pee mile
ana month or more ago inc Improvement
company advertised 10 se'l I'VE million mrs
mortgage bonds me terms offered the sub
serioers were @l'uVu POND ana S'oo o
Texas " Pacific stock FOR S9OO so that TN
stock Deing worth then ana now about forty
net. In response to the propositions for bid
on these terms there were offers Of abou
$4,000, 600. Subsequently there was
second subscription for S2,0OO0O0 of tn,
same bonds, which were reserved from TN
first sale under an agreement alotting tina
amount to the present parties in interest il
the road, bids for as many as $1,000 900 be
ing received at this second subscription
Meanwhile, it is stated. the privileges to talk
part in this second subscription were sold a
high as six per cent. premium, so that th
bonds, which COST net sxty-seyen on tn
subscription terms, were really valued 81
sper cent higher in the market and the bond
were rated ut actual worth. seyenty-,hree \
that time.
ee.A
That Convention OF Cattle Raisers
Concerning the great convention of Texa
cattle raisers recently held at Jocksboro
Texas, the Chicago Tribune saws of an inter
view with member of leading commi,
zion firm there: ..Mr. PICKERING stated tho
the convention was attended by about 20