Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-01-01
BROKERS PARADISE.
The Little Cherub 1886 Has Told the
Manlpulators to Take a
Day Off,
Government Ronds We're Dull Yestet.
day. BntFirm as the Rock Of
Gibraltar.
Railway Bonds Very Active with Prices
Hishor--A Generally Firm Tame in
the Financial world.
specia. 70 tho Gazette.
kAiLwAY BONDS.


sales to-day; Texas & Pacific is Rio
Grande division coupons of 10000 at 40;
90 900 do. at 40A; 5000 do. at 4sl 10 900
do. at 49A; 1000 do. at 40; "a 600 do. az
/ 49s; Fort Worth s Denver City rs Ia, 600
at 81; 10000 do. at SlA; Houston & Texas
Central rs mortgage loan coupnnS off
1000 at 1929; Fort Worth & Denver rs
5000 at ~ 10000 do. nc SEA 5000 do. att
S2a; Kansas & Texas Is 1000 at ll54;
200o do. at 10; $4,000 do, at i5s Kansas
4 Texas general mortgage $4,000 at 9ls;1
! 10000 do. at 02; Fort Worth 4 Denver
City rs 10000 at So.
It is rumored that a settlement OF
| Houston & Texas Central affairs Is being
negotiated between the creditors and
bondholders.
A MEMORABLE YEAR.
The past year has been a memorable
one In financial circles, and II Is rarely
that so many important events and such
sharp changes, first down, then up, are
crowded into The short space OF twelve
months, Tho lIrst half OF 1885 was
noted for further mercantile and
banking failures, railroad defaults, re-
duction of dividends, decentralization OF
freight and passenger rates, growing out
Of the bitter contest between the New
York Centlali and the West Shore, aud
the continued depression Of the industries
Of the country. AS natural result OF all
this, affairs on the stock exchange were
unsettled and lower values were recorded
In the stock and bond lists. The last half
OF the year brought with IL a change for
the better, nothing short OF remarkable.
There was Il great recuperatlon In general
business and a decided improvement in
, curh iufuqttips a pnal irnu mud cfaa1
The West Shore was leased to the New
! York Central and the South Pennsyl-
vania was practically sold to the Penn
/ sylvania railway, which subsequently
led 20 the settlement of the disastrous
, trunk line railroad war With the revival
Ut trade railroad earnings improved In ali
sections, thus giving a new value 10 rail-
, road property generally. These and other
favorable circumstances revived the whole
, situation in Wall street, and depression
! gave Wy TO graGt hnoyancy, such ~ has
not been witnessed In years There was
J a sharp advance IN prices Of bonds and
stocks and conildence seemed to Increase
as the markets moved up. Investors, both
ut home and abroad, bought largely, and
the circles OF spectators wldencd until 1t
! extended beyond anything witnessed since
the great boom that followed the resump-
/ biou VI HpINiu VI
the low-prlce stocks have recorded
an unusual percentage OF gain, while the
, prominent speculative aud investment
shares have improved to the extent Of Is
to $50 points, the latter on Manhattan
consolidation, which almost doubled its
value. Tho foreign exchange early in the
fall dropped 10 the specie importing point
and some gold came over but near the
close, partly through manipulation, rates
were run up 10 the exporting point, quick
ly dropping off, however, after AN insig-
niilcant amount OF gold had been shipped
The monetary situation was character
lied by great ease throughout and taken
altogether the rates OF interest were
! lower than ever before. There were oc-
! ca ionally fiurries, when the rate reached
! 9 per cent, but as a rule call money was
! accessible from | 10 per cent.
The year closes with very hopeful
feeling 10 regard to the future and the
general belief is that 1886 will bring with
! 1t increased prosperity To the country at
large. The list Of highest and lowest
prices Of stocks during the year includes
Fort Worth & Denver City, highest 3a,
lowest IA Houston & Texas Central,
! highest 394 lowest IA; Missouri, Kansas
X Texas, highest 37B, lowest IA; Texas &
Pacific, highest oil, lowest 25a Denver
& Rio Grande, highest eI4, lowest Al.
Wheat to-day was firm and fairly active.
Oil opened at 81, closed az 8Ss.
Cotton futures advanced one to two
points.
Coffee, dull.
Tomorrow will be a holiday on all ex-
changes here, but the stock exchange
will be open Saturday,
GOVERNMENTS, STOCKS AND BONDS.
NEW York, Dec. 81. - Government
bonds dull.
Railway bonds very active, business
well distributed, prices are generally
higher. Sales for,the month amounted to
! $50 1854, 900, against SIS, 1885, 900 Tor No
yember.
Stocks were dull and feotnreless.
Market opened 4 shade lower and after O
small upward movement there was q slight
reaction; the lowest prices of the day
WAS made between i and ~ o'clock;
the tone was firm throughout the after
noon, and In some cases earlier losses were
entirely recovered. Prices this evening
are about equally divided between nd
yances aud declines. Trading In New
. York Central, although not large, fur
nished 4 prominent feature. Opened a.
l05s and sold carly at 1864 after ii
O'Clock, on announcement cf the declara-
ton OF a dividend OF per cent, u hOld
ex-dividend at I9i3 but rallied quickly
TO 1854, closing at I05l, a
net gain of g. IL was generally
understood this morning that Lake Shore
would pass It's dividend, and the stock
was inclined to be heavy, closing with q
loss Of Among the ADVANCES are Mis-
souri, Pacific Il and Texas & Pacific J.
Reading lost "a, Lackawanna I, Nav Jer-
. sey Central /, Delaware & Hudson l..
, The market closed dull, but generally
strong. Total sales Tor the month were
1921 800 shares, against 1882 800 for
November.