The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-01-10


NEW YORK Jan. 0.-Money l'2 to 2 l'2
closed. offered /; prime merchantile TO O
IL: sterling b. d. strong Asa; sight i.S6 4.
2, lOo4l-2sll4 is; As .23 Ia; Pacific Is
,a5 %: Denver & Rio Grande, "a 5.s; II Gus.
ton 4 Texas As; Kansas q 1exas %; Mis-
souri pncifc 81 is; Texas * Pacific 10 -.
Gcvernments firm. Railways strong; Kan
sas a Texas generals rose 10 81. West Shore
fyes were weaker at Oh IL to o. State PC
curities were steady. Stocks opened frac-
minutes Of business prices
ran of is TO IS per cent
shortly before the first call speculation be.
came strong and a general advance ensued
under the leadership of Michigan Central.
shares opened at 50 Is, and rose rapidly 10
oil IL regu ar and % cash. The stock com
manded as high as per cent per diem for
use. i, Is reported that Nandefoilt hsd no.
tilted his brokers that he wished them to
take mn and pay for oil Michigan Central
lbey were carrying for his account. This
report gained credence from the tact that
Vandefbit's brokers did call for round
amounts oil the stock. The stock which
closed at So 1-2 last night, opened at So,
cash and regular; fell oil toS7 and later
returned TO IS. Union racine advanced
from "A IL 10 70 l'2; Louisville d
Nashville from 40 SIS to AZ l.2,
and Missouri Pacific advanced from
Sg3s TO 90 1.2. The remainder OF the list
also showed an improvement IN sympathy.
| Subsequently there was reaction OF ii TO
| per cent, bat during the last hour oil BUS
mess the market again became strong with
Union Pacific prominent feature Inc
stocks sold up TO II ~, II rise OF Ia per
cent from the lowest point OF the day. The
bears attempted to check the rise by put.
ont seller 90 options at prices abeut2 70
per cent below the quotation in the regular
| way, but all these options were freely TAKEN
and failed TO have the desired effect. The
transactions in this stock were enormous
ard reached the large total OF "a ,059 shares,
| or about one-third of the entire business in
all stocks for the day. The advance IN
Union Pacific was stimulated by continued
purchases on the part of large capitalists
| identified with property. II was made
known that the holdings OF st'
curities OF other roads in the treasury
| OF the COM any had increased to $50 O47 ,57l,
Of which S27,7IO,23O were In bonds and
| S3l 1887 ,3i1 in stocks, many OF which are
| interest and dividend paying. The i'm
movement in the Trunk line shares was
based on belief that at the meeting OF the
Joint executive committee tomorrow an
amicable solution OF the difficulties will be
reached The Granger stocks were nota'
| bic: st. Paul which for some dsys has been
/
nial of the reported cutting OF rates by the
Chicago, Burlington & Quincy in Nebras-
ka. Louisville 4 Nashville was strength
| ened by report that the company would
shortly resume the payment OF dividendp;
Oregon Il Transcontinental declined TO ~
IA in the early dealings on rumor that q
new Indebtedness of 81 100000 had been
discovered. This was officially oen,ed nad
the stock rose to 81 IL. Central Pacific nd.
vanced to &C 5.S; Quincy to / 81 ga, st Pau
10 90 9.S; Louisville d Nashville
to AZ 49, Lake Shore to 90 rs; his'
souri, Pacific to 81 3.s; Kansas y Texas
to %; Northern Pacific preferred to 90
Texas Pacific to 10 Sd, and Western UNION
to rs 3.s. The market closed strong, with
an advancing tendency. As compared
with last nights close prices are up Ia 70
3-s per cent. for the usually active list and
25 s for Union Pacific and 7'S for Michi'
gar Central In the specialties New York
and Texas land rose IL per cent, to ~
fully 1856 shares changing hands on the way
up. New York and New England was "
! better demand and moved up TO ~ y 4
an advance OF / IA; Milwaukee, Lake
shore & Western preferred rose TO 81 and
Oregon Navigation to OIL bid. The stocH
exchange governing committee listed 49,
456 900 first mortgage O per cent. bonds o
the Gulf, Colorado IL Santa Fe RAILROAD
company; $4,150,0o0 8 per cent. bonds g
road company. This completes the entire
issue of first mortgage bonds; 81 800 600 o
the Wisconsin q Minneapolis division
ner cent. bonds of the Milwaukee ~ St
Paul railroad, 81, 400 900 consolidated
per cent. bonds of the st. Paul, Minneapoli
& Manitoba Railroad company, O,Oo'
nrst mortgage six per cent bonds Oregon
Transcontinental company, 81 ,62O 600 hrs
mortgage seven per cent bonds, Texss o
New Orleans railroad company. ana 81,
1I75 600 first mortgage, Sabine division, 81
per cent bonds. Ii also decided that whel
engraved cerrincaes are ready for. use $50
oO0. 600 OF stock in the last named compa
mics shall be placed on the list. Transcon
tiuental, 49,, ono shares.