The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-10-09
BUSINESS BRIEFS.
UNUSUAL WALL STREETACTNrrY
The AssoeiatedP ressGives Milwauk ee ana
81. Paul Big Deadhead Ad YER
ti.em"ut Western niOnHr.d
= Baltimore & Ohio.
Tone ofths stock Market.
w YORK, Oct S.-Governments

NEW YORK, Oct. ACHIEVEMENTS
>zteady.
Railways firm.
State securities dull.
The share market was weak and lower
during p rts of the day, but dealings
were confined To room traders. The
Can Idian Pacific Nas exceptionally
strong aud rose ~ per cent to f6ss. The
nlaIket continued quiet until afJer 2
o'clock, p, M. when Uiion Pacific and
istscific ail developed strength, advanc-
Ing from 5issg55>., ana later from $50
aud 542s. These shares mOnop0lizAd
the attention ot operators TO great ex-
tent. Pacific mail Was higher on pur.
phases Ivy prominent capitalists and On
dividend to be declared shortly. The
bears were free buyers. Union Pacific
and Manitoba btoke from 9lX to 81, "a
rallied to S7X Delaware u HUDSON
Cropped from S95 - 50; Omaha from
S2hQSl to SlH. ana preferred from 9il&
0G2h TOYS. Manitoba sold down IN a
reduction Of dividend from 8 to per
cent. per nnnuu, and Omaha declined
on the announcement of "A fresh issue of
stock by the company to cover new
mileage. The reduction Of Western
Union dividend had no effect on the
stock In the final dealings the market
was strong, Compared with last NIGHTS
closing, prices show very little
change, except for Canadian Pacific,
Louisville ~ Nashville, Pacific Mail and
Union Pacific, which are 4 to 4 per
sent. higher, and Delaware 4 Hudson,
Jersey Contra and Omaha, which were
IL to 3K per cent. lower.
Tbs governing committee OF the
stock exchange listed 81 $50, 400
frst mortgage bond OF the Fargo Il
Southern railroad company and $3,OO0,-
0D0 terminal mortgage, five per cont.
gold bonds u the Chicago Milwaukee
&St Paul railroad company. The Lou
isville n Nashville railroad company
has issued "A circular To Stockholders Of
foring >5OO,tO0 six per cents. To forty adj
justnent bonds aud $5O0,0O0 treasury
stock. The offer 10 made under AN
agreement with the international syndi-
cate, VIII oh has contracted tor all the
bonds aui shares not subscribed for by
the company's stock holder, and the Is
sue ia to ia made simultaneously in
IOndon and Amsterdam. The bond ia
sue will consist Of 5000 bonds OF 81 900
each, SeSriug interest In gold vt 9 per
cont. per annum; coupons payable MAY
LIST and November lat, in aach year, and
repayahle after forty years, with the
option 10 the company, to redeem vi par
~ any time after the oIprat ON of ten
years. The bonds are dated October z
1884. The stock consists II 100 shares
now In tho cOmpiny's treasury, to bt
sold mn Ter the authority of tho stock
haldars meeting of October /, 1884. The
prose; IL Or tho present issue of securi.
Ties, with the assets in the hands of tbs
company, will more than sufflce to pay
u I'll all the hslinS debt Of the compan '
EAnd leave considerable surplus zvailabi,
' o. capitaI reserve, bv which arrange
m-nt, the earnings OF the company will
remaiu available for distribution, ~ Tn,
Facts may warrant. The capita
st0rk Of the company In $50,
oHk0O0, including S5,OOO,OO0 treasury
Iok nov issued. Stockholders o
kT6rOrd October II, 1881, will haVl
ATe privilege Ia substitute for ten share,
bf treasury stock ut - par cent. for eacl
littv shares standing in their name, ant
$1,000 nt 6 per cent. tsn-forty bonds At D
per cent Payment in full will be re
quirsd with zach subscription, and boil
stock and bonds are To- be deliverAh'
November u. 1881. In case OF delay II
Engraving tho bonds certificates NJ tn,
saine, count ersigned by the Contra
Trust company, ara TO he Temporarily
issued to subscribers. Stockholders dc
siriuy to await them 4e.ves of the priv
ilege OF subscription have the right L
exercise 1t ON or before October Il
mkt.
ia