The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-07-07

IdNET FOOI ing
quotable change in spots on futures. Septem-
Der cotton is | sterling point lower, and
other months are same as Thursdays close.
Spots are quoted at Liverpool 5-l6d, mid
ding uplands, and 7-l6d middling Orleans
Manchester yarns and fabrics are unchanged.
IT is thought that wheat in Texas will aver
age 10 bushels to the acre and oats s. bushels.
Cotton is blooming and forming bolls; in rare
instances as to the latter.
ON CHANGE.
The documents filed in the Federal court
at st. Louis, show what, with judicial sane
ton, the Wabash receivers propose to do.
They propose to abandon all the lines ac-
quired since the consolidation in 1879, except
Chicago and Strawn, Eel River and Detroit
and Ruilnr divisions, which were purchased
in $780, Should the courts decide to permit this
arrangement, Wabash will be composed of the
following divisions: The Quincy, Missouri
and Pacific, from Quincy, ILL.,, TO Jameson,
Mo-; the Indianapolis, Peru and CHICAGO,
from indianapolis to Michigan City;
the the Chicago ag;, Ginci9nati and Louis
vile; the Toledo, Peoria and Western, from
the State line of Indiana to Warsaw, H.; the
Havana, Rantoul and Eastern. from West
Lebanon, Ind, to Leroy, ILL.,, the Centrevillle,
Ia, the Cairo and Vincennes, from
Cairo, Ills. to Vincennes, Ind, the Cham
paign, Havana and Western, from Cham
paign to Havana, ILL.,, and the Iowa division,
n.
system thus diminished will comprise about
1,Ooo miles. The receivers petition
states that while the branches form
ing the line from Logansport to Detroit
do not pay expenses, 1t Is to the best
interest of the property and its creditors to
Keep them, on account of their connection at
Detroit with great railroad systems east OF
That city, and that there is chance of their
becoming profitable in future. From July
TO December |, both inclusive, interest on
paying line obligations amounting to
Sl,S76.B3S becomes due. On non-paying line
bonds on July and September l, tho interest
Lntaiilng %tsZ,2iO becomes due. The propo-
sitions made to the court and referred to the
master are: FIRST, Whether the interest on
The bonds of the lines and divisions acquired
prior TO the consolidation of 1879 shall be
paid: Second, Whether the interest on the
bonds OF the Chicago division shall be paid.
Third, What shall be done with respect to the
payment of the rental of the Eel River
division Fourth, What shall be done In re-
spect TO the payment of the rental of the line
from Boston to Detroit. Fifth, How shall the
expenses and cost of maintenance of way of
The other lines which have not, and the petit
honers believe, will not earn expenses and in
terest on the bonds. The low valuation
receivers dispose of the earnings
and keepiaccount of the earnings, operating
Of Texas & Pacific shares is not based on the
present condition of that line. Whatever rot
ienness may exist in the paper of the Texas
d Pacific the track, the rolling stock and the
current business is excellent. If Il general
purging out OF manipulation could take
place, the Texas & Pacific would be excellent
property for stockholders to invest in.
GRAIN AND BREADsTUFFs
The Kansas State Board of Agriculture re-
ported the acreage Of wheat in the State to be
2,OOO,OOO acres. Harvesting was progressing
rapidly. In Tennessee, harvesting ia about
completed and new wheat, II is expected, will
move In about ten days. Reports agree In
saying that much depends on the weather In
,the rext two weeks. To-day, the weather
was hot and fair In the central wheat belt
In the Northwest the temperature had fallen
from four to fourteen degrees in the last
twenty-iour hours and rain was reported nj
several points. Exporters are indifferent
eign adyices are weak. The London market
to-day for red winter and California grades
were quoted weaker at &c per bushel decline.
Spring wheat was &c per bushel lower for
prompt shipment. At Liverpool wheat was
depressed. and at Paris wheat and flour were
unchanged.
WHEAT-New crop, choice, $50; medium,
RYE-NomInal; barley nominal.
CoRN-In shuck, 55c; shelled and sacked,
oArs-old crop, 35c; new crop nominal.
fLoUR-Patept, $40; early breakfast, 81. 30;
sream soda, is05dS.l5 pure cream, tS.25;
fodd NILS: Patent, $3.50; Union, SS.l5; Prai-
RE Flower, 50; Star, choice, $2.l5.
BRAN-At mills, SOC; in ste re, 81.
a. aoRNhEAL-Fine bolFd per 100 pounds,
HoNINY AND GRITs-s5 per barrel.
FEED-Chopped corn per 100 pounds, Sl.2O;
corn oran per lOO pounds, 40c.
GRAHAM FLOUk-Per 100 pounds, g.
HAY-All grades nominal
AIIL.ET SEED-65c; German millet, 9Oc.