Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-12-20

WEEK On WALL STREET.
Strength Of Various Markets Too
Great to Warrant any Serious
Decline in Values.
Increased Confidence Manifested by
Larger Investments in Stocks
and Bonds.
Yesterdays sales of Railway Bonds-
wheat Active hut wtnk-Coiton
only Moderately Active
special to the Gazette.

NEW YORK, Dec. l9.-The events OF the
week In the stock exchange have de-
veloped the important fact tnat there u an
under-current OF strength to the various
markets for security sufficient to prevent
any serious decline in values, despite the
most strenuous efforts of the bears TO de-
press them. This strength Is undoubted-
" the result of greatly Increased conn
donce in railway property, growing out
OF the steady improvement In the meroan-
tile and industrial situations OF the coun-
try, which has already led TO large invest
mcnts in stocks and bonds, thus material
ly reducing the floating supply on the
street and making ii comparatively easy
matter to maintain the advanced prices.
During the FIRST two days Of the
week frequent and persistent attacks
were made against the share list and the
usually active stocks were forced down
to the extent of TO ID per cent, but this
decline brought In large and strong buy
ing and later there was an advance OF
TO G4 per cent. with Manhattan COnsOl-
dated, Pacific Mail, Lackawanna, Northern
Pacific preferred, the Changers, the Van
dcrbilts and some OF the Gould stock
most prominent In the rise.
Railroad mortgages were weak and
lower at one time for the speculative
issues, notably the Texas & Pacific, but
these subsequently improved. The in
yestment bonds were generally firm on
fair inquiry. There was an increased de
mand for government bonds partly on
New England account, and the market
was strong and higher. The foreign eX-
changes strengthened under very small
supply of bills.
Money has been extremely easy
throughout, and call loans have ranged
from 90 per cent,
Missouri, Kansas & Texas continues to
attract good deal OF attention, and the
latest three shares OF Missouri, Kansas &
Texas will be surrendered for one share
of Missouri Pacific II Is said the latter
will be put TO 100
The Denver & Rio Grandc company
asks the stock exchange company to list
certificates Of deposit of the United States
Trust company representing the S3S, 000,-
600 of stock on the Denver & Rio Grande
Railway company. Under the plan of re
organization the new company will issue
to the holders OF these certificates new
common stock dollar for dollar for the de-
posted old stock and Sl2 Of new pre-
terred stock of each So OF cash paid upon
the same The time for depositing stock
has been extended to January g. 1886.
Special to the Gazette.
TEXAS RAILWAY BONDS.
NEW York, Dec l9.--The railway bond
sales to-day were as follows: Twenty
five thousand Missouri Kansas & Texas
general as at 79R; $4,000 ditto at so;
$4,000 ditto 20 at 79i 5000 ditto at
19A 5000 ditto at 79R; 10000 Missouri,
Kansas & Texas general G's at "a; 10000
ditto at GA 5000 ditto at 9it; 10000
ditto at 939 5000 ditto at 93l; 5000 ditto
at 93S; 10000 ditto at "a 5000 ditto at
$685. 10000 ditto Mt 934; $4,000 Denver &
Rio Grande west division at ll6; 10000
Denver & Rio Grandc rs consolidated
terminals at SGD; $4,000 ditto at s6g
5000 ditto at SG3 1000 ditto at SOD;
1000 Denver 4 Rio Graudo Western rs
at "a; 5000 Fort Worth & Denver City rs
at BSi 1000 Houston & Texas Central rs
main line coupons offered at 1913; 1000
Houston 4 Texas Central Western diysl-
ion coupons offered at 9Gi; 1000
Louisiana, New Orleans & Texas rs at
a0bj 10000 Texas & Pacific rs Rio
Grande division coupons, offered at 4Gt
$4,000 ditto at &C; 5000 ditto at 46i; ~
600 ditto at 20; Texas & Pacific Rio
Grandc eX.diyidend, 10000 at 44i; 90
GOO ditto at Az; 10000 ditto at 40; TO-
600 ditto at i5A; 10000 ditto at 45s; So
900 ditto ut 50A Texas & Pacific incomes,
l5,000 ut 1864; Texas & Pacific terminals,
200O ut i24; 1000 ditto at 40; Texas &
Pacific Rios eX.dividend, 5000 at i5l;
10000 ditto at i5; 1000 ditto at 44b; 5000
ditto at a. Kansas & Texas rs, 1000 at
10; Fort Worth & Denver City rs, 600
at sSA.
Wheat active but weak.
Cotton moderately active.
on opened at 90l and closed at SSg
Coffee steady.
GOVERNMENTS, STOCKS AND BONps.
New YORK, Dee, H. Government
bonds dull and strong.
Railway bonds active.
Stocks were even duller than Yesterday,
the total sales amounting to only PSI, 7G3
shares. The market exhibits dropping
tendency, but the power Of rtal holders
OF stocks, with the continued easy money
market, is so great that the bears do not
dare TO sell 20 such an extent as to create
material short interest There Is also
disposition to wait until after the st OF
January before taking large risks again
The only stocks to-day that could be
called at all active were Lacl swanna aud
Missouri, Kansas & Texas, with sales OF
5000 and i2,300!shares respectively The
opening prices showed only small changes
but there was a fractional decline In the
early dealings, followed by stronger
market that continued for time, then
renewed weakness set In that lasted till /
O'Clock, when the lowest prices of he
day were generally made. During the re-
malnder OF the day the market was alto
gether fcatureless aud steady for most Of
the time, with an occasional slight rally.
and closed generally at a fraction above
The lowest fgures, but with losses, as COM
hared with last evening, Of ; to B, except
in few instances. Conspicuous among
the exceptions was IackaWanna, Which
shows a decline OF A for the day. Mis- I
souri, Kansas & Texas Is down l{;|
Canada southern, ST. Louis s San Fran 1
Cisco and Missouri Pacific each /. West /
ern Union shows an advance of 4 and ST. /
PAU & Duluth 1 The market closed
dull and steady The changes for the
week are nearly an In favor of higher
prices, among which are Missouri Pacific
y Missouri, Kansas s Texas Sg, Pacific
Mail 5s aud Western Union "a TEXAS .
Pacific shows q loss of 2l. Tho total .
sales for the week were ,S2s,o0o shares /