The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-01-30
Texas Central, 10; Kansas 4 Texas, 10 -;
Missouri Pacific. ~ rs; Texas a Pacihe

i73t.
Governments firm; Railroad bonds were
IN better demand all day aud prices ad-
yanoed TO 8 per cent, the latter Tor
WABASH generals, which rose to %. state
bonds steady. There was unusual activity
sri.ius from dsvelopmenis In regard %
affair Of Oregon and TrsntoontinentL, IL
srs officially announced tina, the Oregon
a, d Tran scont mental had sold 1000 shares
OF Mort hsfp Pao flo common. $1,000 pre-
l.rIed and 10 900 Foreign nasiE ,tion TO .
syndicate composed o Of Gould, sss s
srs. rho stock II Is nndelsiood 10
nI to oe sold fora year. Ia addition TO
the sale Of these stocks, tho syndicate 10
plrdrrd To furnish the company with what.
aver additional tnnd II msy need, VI per
cent per annum. IL appears some Q, the
parties with whom the ore.on trans
lntsrsls had loaned them out int were
CON PEELED to buy them In when tne com
pany gave notice 10 take mp the loans. i!
hears also made rush 10 cover, ana the
demand led 10 the remarkable rise OF "
points in Oregon Savlss,.o1h, which .Sa
,p ps ,, Sp to Oregon ,io i SnIa
con,in.n,ai' from 20 ~ To 20, Northern Pc
cihc, from q LIS 10 %, ana preferred ", m
A 10 10 a. Tho dealings were attended
with gre at excitement. The general Market
opend at q fractional decline on the STATE.
ments that the railway trouble al the west
had not been settle as generally supposed.
The decline In prices was only IL TO percenfs
snbse auent developments ia Nortbefh fs-
al fic led to marked change IN the temper
of speculation and M upward movement
set In. the rise being siimna,ed by az
patches by railway officials that the OLD
rates on Utah & Color do business had
been restored by the Union Pacific and
Denver h Rio Grsnde, aud that the Chica.
20, Burlington & Quincy had
agreed 10 malntsin rates pending
: a final settlement OF differences in trans
Missouri business Under large pnrshsses
a general advance Of / to 23s took place.
Louisville & Nashville was toe special card,
advancing from 10 IL 10 1878 Alier i
o'clock the excitement subsidized and Oregon
Navigation reacted % regular. and 30 east;
Northern Pacific preferred TO ~ l'2, or.
egon & Trnuscontinental 10 ~ 90, ana
Oregon Improvement to a.. The general
list ran oil IA 10 | per cent. on account OF
near delivery, Northern paclhe preie,r,iie go
up TO 40 IL About 900 shares were bought
In under the rule. In sympathy with
the advance lew shares moved up
| In tina highes. prices Of the day, hut the
rise brought ont more long stock and prices
reacted 10 to Ia for the general list and
Q 3.S for Northern Pacific system shares. In
| the fnsl sales Canadian Pacific moved up
| TO SO 3 4 and Michigan Central to OBS. The
market closed firm with an advancing
t,pcy, As compared with Saturdays
closing prices are Ia to 81 higher. Ore
ron Navigation, however, IN 1874 higher;
OI2. Houston & Texas Central advanced
an. all u
CHI 'cago, 8 TO 2S; Nashville, Chattanooga q
ST. L luir, 8 10 SO. Pullman Palace, 6-S to
III rs, aud Richmond & Danville, IL to
| SO. .,,
Toe net earnings Of the Chicago, Mil.
waukee h 81. Paul railroad last year were
81, 1851 ,7s5; applicable to dividends, 4,oo7''
$50. Transactions, 4Sl 900 shares.
| It 10 stated that CALVIN 8. Brice, presi'
dent OF the National Telegraph company,
has transferred the entire capital stock OF
| the conpsny to the Baltimore q Ohio
lines. The National com psny run along the
West Shore AT d Nickel Plate railroads.
|PJ. Wadsworih, vice president OF the st.
aul, received II dispatch to-day from Mer-
till, the general manager, intimhting that
the troubles among the Iowa roads wee
| practically settled, except some minor de.
| tails.
From the Post we understand that the
transaction consummated by the Oregon IL
| TrsnsCOntiutntdi company outuEuty was
So bstaniially this: Tho compnny sold to a
syndicate 10000 ~ Oregon Railway & Navi-
CATION stock at rs; 80, 000 shares OF Northern
| Pacific prefer Ell at 80, and 30 900
shares OF Northern Pacific com
mon at 10. realizing $3.50 900.
T. also DO, ,wed :.>f thu game par les ST.
go, 900 Tor TX months, OF 2OOOJ shares of
Oregon Railway & Navigation pledged at
60; no additional margin to be ca led for in
the 600 COO loan recently negotiated. The
lenders were given options on 1880 shares
~ each of the three stocks pledged as col
lateral a par, for Oregon Railway & Navi-
CATION, so; Cor Northern Pacific pre-
ierreu, ana % for Norlntru Pacific common.
Snpp nslng the lenders to take their option,
! the Oregon & Transconl inentGl company
will have left IN its treasury nearly 10O0OO
shares OF Oregon Railway e iga,ion,
10 600 OF Northern Pacific preferred and
rs 600 of Northern Pacific common, in
psce NJ about $50 600 of each class OF stock
held at the time the report OF the inves,i-
ganng COMMITTEE was published. These
| holdings would probably be sufficient to
control the Oregon Railway & Navigation
company, whose entire capita stock is
only 10000 ,hares, but would be far from
sufIic,en, 10 control the Nor bern Pacific
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