Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-03-17
ON WALL STREET.
Outline OF the Plan Of Reorganization
OF the Houston 4 Texas Cen
trail Railway.
Cotton Operators Tails Benrish TraDsao
tions In stocks Confined TO SIS
Leading shares.
COMMERCIAL aEstMr.

COMMERCIAL RESUME.
Special TO the Gazette.
NEW York, March lG.--The selling
prices Of Texas railway bonds to-day
were a. follows: Fort Worth & Denver
City rs at 9Ol; Gulf, Colorado & Santa
fe IS at 1876; Gulf, Colorado Santa Ne
G's az 1861 Texas Pacific incomes at 30;
Rio Grande coupons offered at 533
Houston & Texas Central l's az $50; CAT
weston, Harrisburg & San Antonio at 90i;
Missouri, Kansas & Texas rs at slI
Missouri, Kansas e. Texas rs at IA.
Prices we're higher to-day under the
lead Of Atchison, which was quoted at %.
Wheat drm and advanced &c on free
buying by Clews 4 Co.
on opened strong aud closed az 7si
= Cott0l declined one TO two points with
sales OF 1900 bales. Operators continue
TO talk hearlsh a prominent member Of
the exchange received letter from Mis-
sissippi this morning stating that ,he
crop Is 20 prodlgious that cotton Is stlll
being picked and that the negroes will
continue 10 plant oil they can, having
nothing else 20 do. An equally proml-
nent gentleman has received adyices from
that same locality stating In q certain
plantation wAere $500 acres were last
year ia cotton 1000 acres have this year
been nut 10 corn.
Coffee was steady and unchanged.
Money closed at 4 TO ~ per cent on
call.
Governments closed steady The for.
eign exchange market was quiet Posted
rates are without change, s4ss for sixty
days and 81 30 for demand the pound; |
while the selling rates are still ! to Of |
cent below the asking figures.
The trustees Of the Houston & Texas |
Central notify holders Of first mortgage |
main liue bonds that they have on hand |
100000 applicable TO the purchase OF
bonds for cancellation on account of the
sinking fund, provided the price does not
exceed 10 per cent. premium on the par
value. The play is to exchange the pres
ent per cent. bonds for 9 per cents, the
per cent bonds for 4 per cents and the
per cent. bonds for per cents The
old per cent. bonds are first mortgage
aud have four years 20 run and the new
6s which II Is proposed to substitute for
them are to have twenty coupons attached
making them ten year bonds. The plan
OF reorganization Of which the above is
IN outline is very voluminous. It WAS
offered 70 the bondhoiders some time
since aud not being approved by sum.
cieut number OF bOndhoders was with.
drawn. Mr. Huntington states that bv
request he has consented TO its rene wal.
GOVERNMENTS, STOCKS AND BONDS,
NEW York, March Government
bonds dun and steady
Railway bonds continued quiet with
dealings almost entirely OF retail char.
acicr Prices for the general list show
greater number ofadyances than decliues,
bnt Che changes arc generally for small
amounts
Stocks were extremely dun and with
out other features. The total sales were
Onlg 29S,S00 shares and six stocks con.
trbuted of that amount over $40. 00o
shares. The six stocks mentioned
wer1 81 Paul Reading, fackawannn,
Western Union, Lake Shore & Omaha,
their activity being In the order nnmed.
Frlces IN The morning were irregular, but
after the opening there was weak tone
which was recovered before II O'Clock,
mt which time thG high prices of the day '
were generally reached. From II to II
O'Clock The market was steady to heavy, I
win Gully e very few changes After {
midday ~ vas nrm and dun To \
the close, but late In the afternoon s
transactions were so limited as to.make {
TIE quotation a little more prominent $
The feature ohthc days operations was {
strength developed IN 81. Paul, which |
was held as high as 81 late In The after. t
noon, but lost per cent. In the final 1
dealings, making a net gain of T. This !
y an advance for the past two DAYS of r
~ Omaha common Is also up Ia to IA, |
Otner changes are generally from 10 / | {
and are about equally divided between 9
advances and declines, /
NEW ORLEANS MARKET. /
spccial 10 the Gazette I
NEW ORLEANS, March lG Sugar quiet
Molasses steady, !
Rice unchanged.
Coffee quieti prices unchanged,