Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-12-30
THE FORTUNE MINT.
Upon the Street Where Brokers
Most Do Congregate to
Buy and Sell
Railway Bonds Go Higher a Notch or
Two, Wherefore the Bulls
Are Glad.
Texas q Pacific Bonds Advance Becapse
Default on Interest VIII Occur
when Due--SnbeP


special to the Gazette.
TEXAS RAILWAY nONDs.
NEW York, Dec 29.--l0,000 Missouri
Kansas & Texas general SIS at 7G5
85, 900 Missouri, Kansas & Texas general
rs Mt n; 10000 Missouri Kansas &
Texas general Us at IA ~ 900 Missouri,
Kansas Texas general G's at gli 5000
Missouri, Kansas Texas consolidated
rs at III; 1000 Texas & Pacific income
land grants at 87b; $1,000 Texas & Pa
cine Us RIO Grandc division, coupons of,
at lGb; $4,000 Texas & Pacific Rio Grande
eN.coupons at iG5; 1000 Texas g. Pacific
Rio Grande ex coupons at 4Gg; 5000
Texas & Pacific incomes at S71; 5000
Texas & Pacific incomes at 81; 5000
Texas & Pacific incomes at 3G1
Wheat opened | to &C. higher than II
closed yesterday, but was weak during
the day.
ollEopened at ssl closed higher.
Cotton--Steady at decline Of one
point.
Codee-Dull
The advance in Texas & Pacific bonds
Is the result of a general agreement
among the creditors Of the company as 70
the futures. II is about decided that there
will DC no intercs: paid on any Of the
bonds Of the company except the old
FIRST. The interest on the New Orleans
Pacific division, due January !, viii be
defaultcd, and the others as they come
due. The earnings of the company will
be devoted entirely 10 the purchase OF
material and equipment, and the issue of
RECEIVERS certificates will be kept down
TO the minimum. IL Is this fact which
has caused the appreciation Of the bonds
during the last twenty days.
GOVERNMENTS, STOCKS AND bonds.
NEW YORK, Dec. 9,--Goyerninent
bonds dull and steady. Railway bonds
were decidedly more active to-day than
for some time past, and the business was
widely distributed and prices generally
higher. Yesterdays decline in stocks
was ali recovered to-day aud something
more. First prices showed a gain Of
to ! over last evenings, and with only
small reactions the market was strong
and slowly advancing throughout, aver
age gain for thirty OF the ac-
tive stocks amounting to over
per cent. The Erie securities were
conspicuous in dealings, both as regards
activity and advance established; COM
mon stock closing with gain of 4, New
York Central, ST. Paul aud Missouri Pa
CHIC also upl ~ eiCH, NOILhWchltIu III
Louisville & Nashville ID, and remainder
of active list, with few exceptions, to
IA Western Union continued heavy, and
shows gain of only o. There was an
equal advance In Union PaciGc, Texas &
Pacific and Oregon Transcontinental,
while Oregon Railway Navigation is J
lower, The exceptional gains are per
cent in Wabash common, "a in Lake
Erie and Western and "a in Reading.
There was active trading in Erie,
So, Paul & Lake Shore, moderate bust
ness in Lackawannd, Northern Pacific
preferred, Western Union, New York
Central and Missouri, Kansas & Texas
The total transactions for the day
amounted to $3.50 shares. The news
circulated on the street was all Of favor
able character. The reported earnings
Tor the fair railroads all show gains for the
third week Of December Illinois Central
making an Increase OF 50 ,G55 over the cor
responding week Of last year. Indlanap-
oils, Bloomington 4 Western gained 90
55i The market closed firm at or very
near the very best figures OF the day