Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-12-11
Wall Street Magnates Puzzled in Re-
gard to the Outlook for the
Immediate Future,
A Rumor That the Texas & Pacific VIII
DO Forced Into the Hands OF
Receiver.
Yesterdays Quotations and Sales of Rail
way Bonls-Thc Fieecy staple Went
Up Point or Two.


Special TO the Gazette.
TEXAS HALFWAY BoNDs,
NEW YoRK, Dec. l0--rhe railway bond
sales to-day were as follows: Houston &
Texas Central IS main line coupons, of
fercd 200O mt I0l. Missouri, Kansas &
Texas general b's, 1000 az 7Gt; $4,000
ditto AZ 7G; 5000 ditto S 2's at 75S Mis-.
souri, Kansas Texas general G's, II 600
at g03; 1000 ditto at 90. Missouri, Kan
sas & Texas Consolidated re, 1000 at IA.
Texas & Pacnc first Rio Graude division
coupons offered 80, 900 at o.; $4,000 ditto
at $50; 20, 900 ditto at t34; 10000 ditto
at So; 1000 ditto az 52b II 900 ditto at
81; 5000 ditto at OLD 81, 600 ditto at 81
1900 ditto at SID; 10000 ditto at %
10 600 ditto nt 5li; 10000 ditto az 6l1j
$1,000 ditto at sol 10000 ditto at so; TO-.
900 ditto at 90! 5000 ditto at 50d, 10000
ditto at 5i $4,000 ditto ut 6li; 20
600 ditto Mt 5lG, $4,000 ditto at 81
Texas 4 Pacific incomes, 5000 at 481
5000 ditto at 81; 10000 ditto at as 1000
ditto ut 80, 5000 ditto at l2a 5000 ditto
ut i2b 5000 ditto III 81 1000 ditto at 40d
5000 ditto at 80; 10000 ditto at 400
Texas & Pacific, Rios ex.dividend 5000 at
500; 5000 ditto at 5O4; 5000 ditto Mt 500
5000 ditto at 500; 81 900 ditto at 800
5000 ditto at b0i; 5000 ditto at 50s; l5,-
600 ditto ut 90; 1000 ditto at 50d. Texas
& Pacific, Rios cx.diyidcnd, 1000 at 50l
1000 ditto at 50l 5000 ditto at 81; 5000
ditto at old. Kansas & Texas, 5000
8. 90 at 75A. Texas & Pacific in
comes, 10000 at 40; 10000
ditto at "a; Kansas & Texas general mort
gage, $4,000 at s9A; $4,000 ditto at 500
900 ditto at ssh.
Missouri, Kansas & Texas income script
56 bid.
Texas & St. Louis, Sabine division, 1870
Asked Texas & ST. Louis, stock delv-
cred when issued, ls4 bid; ditto second
VI bid, 44d asked.
Wheat was dull and lower
Cotton was steady ut two points adj
vance.
OIL opened at 9OG and closed at 90s.
Coffee was dull.
The largest decline has been in Kansas
Texas and In Texas & Pacific. Texas
Pacific has been notlceably weak for days.
A bull post was found in the stock about
three weeks ago but found too much stock
Offering and Is understood to have been
gradually getting out ever since. Alley,
Dowd and Field began selling Texas &
Pacific Rios around d and the pressure
to market bonds has been almost
uninterrupted since. The matter
has attracted attention, however,
only within a few days. The rumOr this
morning vas that the Texas & Pacific
would be forced into the hands of re-
ceiycr. The people supposed to know
something OF the facts limited at reor-
ganzntion. Others merely said that the
condition of the property was bad. The
officers OF the company have said recently
that the November earnings were very sat
i.fnqtArV lint Ia /
INITIAL IN regard to the business for the
year, They have stated, however, that
they knew OF nothing in the condition Of
the property TO justify the recent heavy
selling OF the Rios. The bearish Views
have come mainly from Philadelphia and
from Chicago
special to the Gazette.
LEATHER AND HIDES.
BosroN, MASS, Dec. l0.--Thc leather
trade Is generally quiet, but firm tone
prevails In some classes OF upper leather,
notably bun leather, of which large sales
have been made at rather better prices,
say | to IL cents on No. l., No. 2 1874 to
10 cents, aud No. 3 l95 TO l85 cents
III Is reported that some 20, 600 hides Of
upper leather have been sold within a
lew days for hemock rough leather. The
request Is rather slack, and sales have
been made at slight concessions, though
the scarcity OF choice light tonnages still
exists. Card leather is scarce and sells
NJ full prices, Trade Is light In hemlock
sole leather. Light hacks, % TO Soc; mid
die hacks, Oh to 35c; heavy hacks, 80 to
S5ci light craps, 81 to 32c; middle craps,
81 to 32c; heavy craps, 81 to 8Sc bellies,
l6a to l1bc. The value of the exports of
tanned leather from this port last week
was $2s,3S2 Hides firm.
GOVERN ENrs, STOCKS AND RoNps.
NEW IoRk, Dec. l0.---Govcrnment
bonds dull and steady.
Railway bonds duh except for few
ssucs.
Stocks were active and weak, The
tendency from the opening TO the close
was downward, hut the decline was
frequently checked and moderate reactions
followed In each case. The greatest
weakness was developed after midday,
and In the last hour there was u show OF
considerable strength: The advances.
however, during the early part of the
hour were largely lost In the nnal deal
ings, and the market closed weak at a
fraction above the lowest prices of the
day The conspicuous features of the
market was the decided weakness in the
Missouri, Kansas & Texas and Texas &
Pacific, which was attributed to an at
tack on those properties by Insiders
Tarties who have returned from trip
over the Texas 4 Pacific report that large
sums OF money are necessary 90 pun the
road In proper condition to handle the
business which Il is doing, and 1t 10 said
that some plan OF reorganization may
have To be adopted, The street Is sus.
plcious on account of the large amount
of Missouri, Kansas s Texas stock thrown
on the market Immediately after the re-
turn Of Connor from Chicago, and Il Is
thought there Is an understand.
ing between him and some prominent
Chicago holders OF stock Missouri Kan
sas Texas sold down from $50 TO sOb.
aud closed lower, with net loss from
last evening OF 8 per cent, and Texas s
Pacific is "a lower. The remainder of
the active LISTS off n per cent, the lat
ter Ia New York Central, Lake Shore
shows y decline OF a and Canada South
ern percent, II was announced In the
middle OF the day that President Gar.