Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-04-16
ON CHANGE.
stock Market Was Active Yes
IN terday Interest Conferred
Chiefly in the Pacifics.
I'LL Grain Markets Were Panicky-A
Marked Decline Was Recorded
Cotton Lower-The Figures.
FINANCIAL.

|ON II A<bANbO-N bOAhOs
April Is, 1880 a. MA
ter feeling prevailed in the stock
rkot this morning. Corsols opened |
Ft259 and advanced to Ssh Foreign |
ldk are firm. Russian securities are
VI $50 J.. M.-Consols have declined to |
This is above the closing fig
es last night. Russian securities
We advanced TO S4.
s00P. M.--Consols for both accounts
snow 95 ZIG. /
::3OP. M.--Consols are 95s for both
A,ounts.
t;0oP. M.-Consols are So 1916.
N on THE NEW YORK BOARD.
NEW YORK, April 5.-Government
uds quiet and unchanged except an
vance of ! for As
State bonds very dull.
Railroad stocks active and strong.
ro-day's stock market has been a
prise to almost every one, The
-aropean war news this morning was
lerpreted as indicating more peace
4 outlook, and the prices at the OPEN
: gwere TO lower than at the close
4 evening, and on the early
! aling further fractional declines
ire made, but this was followed after
Q Int fifteen minutes by reaction,
which Union Pacific and Pacific
all took the lead, and from that time
the close the market was strong
ptd unusnally active as compared with
we Business of late.
At FIRST there were rumors of ia
rAble character regarding the Union
.cific's floating debt, but the points
hich carried the day were, first, the
claration of the usual per cent
vidend for the current quarter by
edirectors Of the Pacific Mail, with
/ official announcement that the
pmpany's earnings for the current
larter were at the rate of 81 per cent
hr annum, and secondly, that reso-
Etion had been adopted by the Pacific
hlail board, which it was believed
LIQUID lead to an amicable settlement
Vthe differences between that COM
my and the Pacific railway,
;at the resolution which was
esented by Gould and which was
UNANIMOUSLY adopted, provides that
10 Il Mon and Central Pacific rail-
ads be requested to transfer the bust
ses Of their line, the Pacific line, (the
RECON & Occidental line, between
IN Francisco and China, to the Pa
fic Mail and enter into a contract
18th the latter company for term of
"a years, guaranteeing the Pacific
Iail against opposition in the Chinese
, asiness, on the consideration OF which
\le Pacific Mail company would enter
Ne tranecontinental pool and
ie company operate with the
Threads between New York and San
rancisco. The resolution also provides
tat all matters shall be divided by
lie commissioners of the transconti-
-.ental business or by arbitration.
alhis was Interpreted as being eX-
emely favorable, not only to the Pa
sIfic Mail, but also to the Union Pa
flc company, and the two stocks
p.eadily advanced throughout the
i Ay, gaining in each case 5 per cant.
= Fne rest of the list simply followed
their wake, aud none of the active
st is ,wer, and the advances for the
her Gould stocks were over per
. mt.
4. The total sales were 355, S94 shares, a
0"Ain over Yesterday Of $4,000 shares.
There were numerous rumors cir
hllated during the day regarding
Q ne Union Pacific floating debt, in
one that the company had Sc
, erred : 900, 900 for the purpose of dis.
the debt. President Adams
vis the Union Pacific, who was to day
!. Il the city, stated that the negotiations
HAT the company had been making in
siegard to the floating debt had not
hsen carried TO point where anything
ltpuld be made public.
ma Union Pacific opened at 432 and then
/ herslstently advanced through the
forenoon until ii reached 46l. Between
COZ and , o'clock it was strong and
risDld mp to 36s. but ct the latter hour 1t
Z ras ceiling at 46l. The final deal
M1gs were accompanied by a further
xdvsnce to All, the stock closing on
: slight reaction at Az, net gain of
" per cent.
VI Pacific Mail opened at 52s sold down
.yso 621 and on the remainder OF the
Gay rose to 81, closing within of that
;ssriee, o gain of per cent.
NJ IL WAS learned this evening that
"a President Adams, who left this even
H&lg for Boston, agreed before starting
|5hat he would issue tomorrow an off.
|ial acceptance of the terms as set
>.Drth In Mr.. Gould's resolution. 1t is
leo stated that the three Pacific com.
'fanies interested have agreed to ex-
|fend the subsidy arrangement to June
|ln order to give ample time for a per-
aanent settlement.
# At O'clock Western Union was
'3teads at ISL. In the last hour 1t was
lne of the strongest stocks on the list
: nd ciosed at the highest price Of the
y4lay, ~ soy, gain OF l. per cent. Mis-
kouri Pacific 10 also up Il per cent. al
,ai3s. The Changers were prominent
or their weakness at the opening and
n the first hour they touched the low
nt prices they have reached this week
ll.st Paul selling at T2l and Northwes
ii 971. The loss, however, was more
4 han recovered, but Northwest closed
his evening unchanged AZ 9sI afteI
leiling at $50, and st. Paul is highel
1at 1BI. Missouri, Kansas q TeXa
I vas very strong, closing at the high
: ct price of the day st 49,, gain OF
+ per cent. HaH