Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-01-10
The Week Remarkable for the Invest
ment Demand for Railway Mort
gages--Y Yesterdays Sales.
No Gold Sent Abroad Organized Move.
ment TO Depress Kansas & Texas
The Outlook for Wool.
Good Demand for uides--whent Strong
Cotton Shows an Advance OF
Three Points.
summary of tho wesIs.

NV YORK, jan. a.--The sale OF rail-
way bonds to-day included ~ 900 Texas
< Pacific incomes at 37a; 10000 Toledo
& Ohio Central, LIST, at 931 $4,000 Texas
e. Pacific, Rio Grande division ex-cop-
pons, at 49h; 10000 ditto at 49L, q 200
ditto az 403; $1,000 ditty at 491; COCO
ditto at 10; 5000 ditto OF l9h; 5000 ditto
AT 4DA 1000 ditto at 491; 10 900 ditto at
49k; 1000 ditto at 49i; 1000 Missouri,
Kansas Texas consolidated ~ at III;
1000 Morgan's Louisiana & Texas, lst,
1864; 000 Texas & Pacific terminals, 6's at
Az; 1900 Texas K Pacific income land
grants at 81; 1000 ditto at 37l
10, 600 Texas & Pacific LIST, Rio Grande
division, coupons Off at47h; 1000 ditto
NJ Az; 5001 ditto at 49,; 1000 ditto at
484; 10000 ditto at 4sa: 1000 ditto at 48;
10, 900 ditto AZ 4s1; 10000 ditto at Asa;
35, 600 do at 40; 5000 Missouri. Kansas &
Texas 2's nc 81; 5000 Missouri, Kansas &
Texas general Us At 7G1; 5000 ditto at
7Gd; 1000 Missouri, Kan as & Texas gem
City rs at 49, 5000 Houston & Texas
Central, ex.coupon, at 1914; 5000 Kansas
g Texas general mortgage at OF; 10000
Texas & Pacific, Rio Grande division, ex-
coupon, at 49a; 1000 ditto at 4Sh.
The feature Of the week In financial cir
Giles was the remarkable Investment de-
mand for railway mortgages, which set in
at the opening Of the yeai and has contin-
ned with undated vigor ever since.
There was n further marked appreciation
in the prices of all good bonds, and the
speculative issues sympathzed to great
er or less extent. No better evidence
than this ~ needed of the confidence felt
IN regard to the future of railroad prop
erty. This investment demand early In
the week extended to the better class OF
dlvidend-paying shares, some of which
advanced sharply and reached the high
est figures for years.
The stock market otherwise has beeil
dull aud largely hands of the traders
who tried to make turns up and down
within the range Of to per cent. The
leading bulls did little or nothing to infu-
ence prices, and ths outside puolic u
orally held aloot, pending new develop
ments.
Governments were steady except
for the threes, which, after an
early decline recovered In the foreign
exchanges there was considerable manip-
ulatlon, and the rates were brought right
up to the verge OF gold shipments, ad-
vantage having been taken of the tempo
rary demand for bills OF remittance on ac-
count Of January interest aud dividends
Ncur the close the market eased off and
no gold went forward, Money has
been, II anything, easier than ever, and
call borrowers have been READILY accom-.
modated at | 10 per cent, An organized
movement IL alleged to be trying to de-
press Kansas & Texas, abont which all
kinds OF rumorS are circulated.
The demand for hides is generally good.
Tanners buy with marked degree of
caution, however, aud merely provide for
Immediate want. rhe business passing
IL mainly at previous quoted prices. Dry
Texas quoted at 10 cents, dry sailed Tex
as NJ "a, wet salted Texas pulled aud
packed at ia 20 llS; wet sailed Texas
knife at 81 to 10,
Wheat opened weak at decline Of ! to
/ cents, but In the afternoon It was
strong
Oh opened at ss and closed Mt s7l cents.
Cotton showed an advance OF points.
special TO the Gazette.
TnE wOoL MARKET.
BosToN, MAss., Jan. 9.-H6lders of
wool express themselves satisfied with
the present conditions OF the market aud
are hopeful regarding the future supply.
| While not SO scant as occasionally
asserted, It Is certainly small
enough TO be carried without diff
ficulty, aud it's distribution promises
well on all regular outlets and prices are
supported without difficulty. Pulled
woods have again gone out with freedom
and there il AT present only very limited
stock. The record of sales made here
this week embraces 10000 pounds, to
\ blood comhiug, at Ssc; 20 900 pounds
NX lieeces at e6c 10000 X ditto at Sac
5000 pounds ditto az SSc; 5000 pounds
tlne unwashed at 24c; 2000 pounds coarse
comhing at 20ci 1000 pounds unwashed
coarse cnmbing at zoe; 10000
pounds Montana at 27c; 10000
pounds choice spring California
at "a cents, 5000 pounds secured do at go
cents, l27 bags Texas at 90 cents, 90 hags
Of secured Il xas at SO cents, 10000
pounds do. at As 10 60 cents The total
stock OF domestic wool In New York on
January /, was, according 60 reliable
estimate, 6,i67950 pounds. OF which o.
4sIS50 WAS Texas grades. Total stock
| OF foreign wool 4,744, 700 pounds.
GOVERNMENTS, STOCKS AND noNDs.
NEW YORK, Jan. 9.--Goyernment bonds
dun aud steady
Railway bonds less active. The only
feature was Texas Pachc's, which All.
vanccd 10, It Is stated that over sl0.-
00o,o0o OF Nickel Plate nrsts have been
deposited with trust company, aud that
the committee stands ready To take the
road for what they consider an equitable
consideration for their bonds.
Stocks We're even duller than Yesterday,
the sales reaching only 202,I4s shares.
The bears opened the day with "A
| lot Of rumors OF home manufacture,
Intended to depress nrices, hut none OF
them proved TO he true, and while the
prices were TO 1 lower than the tinsl
| nsures lasi evening, and there WAS slight
! further decline "a the early dealings, the
market soon became strong aud remained
50, with only slight reactions throughout
the day Prices this evening are gener-
| ally from to 4hlgher than they closed yes
terday, Niissourl Painc Is UP /, Western
Union and TvNas-& pieino I each, and
Jersey Central O. Pacific Mail wss hesyy,
and shows a loss OF /, Erie, Louisville
4 Nashville, Lake Shore, Oregon Traus.
continental, ST. Paul and Northwestern
are unchanged. The changes for Me
week are from u fraction To less than 2
per cent. lower. Western Union Is a con-
spicaous exception, showing gain OF "a.
V1fRgnTrA NavES