Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-03-21
ON CHANGE.
-. foutered In the Pacific Stocks
' Yesterday in Which a Decline
Was Recorded.
|. a,,iu Markets were Active, esner-
In, Fraction Higher on Small
= Tradipg-0otton Steady,
FINANCIAL.

h, YORK, March 20.-qovern-
= Il quiet and unchanged.
nl 4, railway-bond market was quiet,
o. 4 animated business in all, except
I, Shore firsts, Nickel-Plate firsts
Fde seconds, new, the total trans.
,s,ns In which amounted to about 81
,.ut Of the days business.
y :,te securities were inactive and
borg
the heavy trading In Pacific
I'M accompanied by further de-
- In that stock OF 4, per cent.
keomplications growing out OF the
In between the Pacific railroads
: fllbe notice OF the Union Pacific to
E,tesmship company OF tho inten-
TO discontinue the subsidy paid
~ the railroads TO that company,
fnrther complicated to-day by q
lee from the Central Pacific This
Utles the question as to formal no.
TO the steamship company and
ss adjustment Is reached be-
ENn the different companies il will
the monthly payments Of about
- 2sety.hve thousand dollars by the
|IIrcsds to the Ps'ific Mail after
expiration of the time required In
old contract. A new agreement
&h reduction In the subsidy was
uted at to-day, but President Hous-
Of the Pacific Mail, Is credited
lib the statement that no proposi-
30 looking to q reduction of the
mount to be received by his company
bould be considered There has been
&beavy selling for short account. but
4 y believed tonight that the insiders
4cludIng some Of the directors,
Tho were heavy holders OF the
&sdic Mail stock have also uu-
8sded. Later in the afternoon
be stock sold down to 49l and closed
Eith the last sales at 49, and 49, bid.
[nis Ia a decline OF about ii points in
Ee past three days. The trading in
3Aestock TO-DAY amounted to over So.
3Oshsres. or % per cent. Of the total
$,y's business
The general market opened strong,
md In the first hour made slight gains,
De bulls being aided In their
6aorts TO support the market
~ the disposition OF the
bears to realizs profits. With this
theck to the general decline, the mar
kahcame dull and prices remained
4tesdy after the first hour until after
Midday, when considerable weakness
his deyelopt d In Union Pacific.
During the afternoon o statement
Fp published that Jay Gould had
knt letter TO President Adams Of
be Union Pacific declining re
ection as member Of the board
directors OF that company This
ID the general impression which pre-
lied that the comp ications between
Q Union and the Central Pacific
mpanies were daily assuming a
ore serious character. were the
.uees for break in Union Pacific
hich sold down to Ila, and closed fe-
erish at 42l, q loss of per cent,
A drive was made at Backawauna
he in the afternoon, which fell to
v. and closed at that price, a loss Of
per cent, after selling earlier as high
\ lUOl ltAhN ~ dNilAR - NAi'V NC " "a
per cent. at H., aud Missouri Pacific
, lower at 81 on light transactions.
In view OF the weakness OF the
Btccks above mentioned, the Wander
bilts and Changers were remarkably
tfong, although they yielded q frac'
ion during the lat hour.
Transactions oil 900.
MONEY.
New YORK. March 20 - Money
OIL. closing /; prime mercantile pa
'er 4(95; sterling exchange bankers
ills quiet at 81 So sight 81 Sc.
EXCHANGE.
NEW ORLEANS, March 90 Sigh
xchange on New York 81 90 per SlOU
'remium; sterling exchange bankers
ILLS "a 639.
'0vERNMEHT AND RAILROAD BONDS
NEW YORK. March 20.--The follow
ng were the official closing quota
ions at the New York Stock exchang'
his afternoon. "a compared with thos'
Il Saturday last