Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-03-22
BUoYANT.
cock Market was Excited and
" rsver!sh Yesterday on Heavy
Transactions.
!. Gain Markets Were Active at a
y FRACTIONAL Decline : Cotton
Higher Quotations,
PISANCIAL.

Hvsw YORK, March 2l.--Govern-
Ii .r,s ouiet, firm, ~ per cents. show
N advance Of 4 per cent. in price
I'M Others unchanged.
s,ooks were active, feverish and IT.
NJ Liar. and soTe stocks were
NM weak The pr :es at the opening
Nod only sligN t change from the
EsInp duotntions If last evening, ey-
EIfoy Union Pacific, which sold ut
l6rt AZ q decline OF per cent. AT 10
\ decided weakness was almost I'm.
R.Sistely developed in this stock and
HpseifIc Mail. while the remainder
Hrhe list continued firm throughout
III of the forenoon. On rumOrs that
H. Central Pacific was about to issue
. 8wW mortgage FOR $4,000 600 the
~ IF tha' stock broke before IL
Lock TO 29l.
HIhe bul- in the general market
z Inn that The Pacific Mall and the
M,lfc railroads will assume a posi-
H. ip the market somewhat similar
n that which hes existed for some
&pe b-twe.p the New York Central
IN the W.st Shore roads and that at
N Pacific Mail will probably break
&yy from the rest Of the LIST. At n
I.ssting " the directors Of the Pacific
I'm late this afternoon a resolution
4, adopted directing the president TO
ke such steps IA could enable the
Cmpany on and after the lot Of May
Z Il secure i's full share of the Transcon-
mental business
In the afternoon the market was less
Naive but ire ular. Union Pacific
fuchfd IL before noon, sold again AZ
land cloa' q ~ 4ls, II is stated that
Ia effort Is heing made to secure the
Npsent OF MIR. Astor 10 serve as q
member Of the blard Of directory IN
dhe place of Mr. Gould. President
of the Central Pacific was
Ia. In the city To-day. az d no official
Information reg riding the issue of
&onds could be b'aiued A statement
Il made, h'wever that the issue will
Ia for $40 GOO 900 TIER of debentures
If collateral irust b ,nds, a. d that the
Mortgage will contain provision by
5khch The bonds can bc exchanged
HI stock under Ger ain condi ions 1t
d slso reported hat Messrs. Hunting
Non, Sanford and Others who loaned
{he money to the CONT any through
HE Southern Development company,
have agreed to take half Of the new
issue at about par
The report was renewed this after
hon that the ~ Paul dividend would
sAher be passed or materially reduced,
bud that stock fell from 72I to 7O4, but
ibsed al 7IS
Some idea OF the range If the mar
3e. NAV BIZ obtained by the statement
hat the tO'al Gales of ak stocks
mounted 10 rs DER cent OF the days
|lsiness which was larger than usua',
be transactions reaching $4,000
bares.
The ma,ket closed excited and
seak at prices somewhat better than
be lowest Of the day. Comparing the
,rices Of this evening with the closing
luotations of n week ago the only ac-
I've stock on the list which elbows any
fain Ia Missouri Pacific. which is up
| per cent.
New YORK, March 2l.-Money
l@ll closing 1; prime mercantile pa
Der 4@5; sterling exchange bankers
bills dull at 81 s3I sight 81 SO.
EXCHANGE.
New ORLEANS. March 81 Sight
Exchange on New York 81 90 per $1,000
premium; sterling exchange bankers
bllls "a S3l.
GOVERNMENT AND RAILROAD BONDS.
New YORK. March 2l.--The follow
big were the Official closing quota
Hons at the New York Stock exchange
lhis afternoon, as compared with those