Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-03-04
The Quality Of the Present Cotton
Crop Better Than Usual In
Texas and Arkansas,
Railway Bond Sales Coal Stocks Mo.
nopolIxe n Large Part Of the
Business IN shares.
Tlit Fpat Quotations Made Tor tho sonth
ern i'aolno -BIarkcd improvement
In Cotton.
MAENrn ImrnoynMgNr n COTTON.


upward movement of cotton, particularly
at New Orleans aud New York The
greatest gain Is recorded al New Orleans
where the future market opened at an ad
vance and kept jumping up with oacl
call, closing SO points higher for March
3 points for April and May, and reaching
53 points for June. New Orleans spots
aleo registered the unusual | adyance
Az New York, futures foi
March, MAY and June arc ~ points
higher, while April ~ 10 points, with the
bprt market 1 Higher,
While traders generally conccdc this
advance 10 DO due 10 manipulation aud
speculation, yet they claim to see In II
certain slgns Of . permanent advance,
and are hopeful that the turning point Of
proitleas prices has been passed Tho
strongest indications Of peTmanency In
The Jump ~ to-day arc found In the quo
tailoLs from Liverpool, tho consumers
market, where futures show an Improve.
mont ranging from 20 y points, which
lH nm unusnl advance for that coHserYa.
tive market,
rtin COTTON oE0r,
Special 10 tho Gazette
WAsnINdToN, March 3 The committee
Of agriculture, IN bulletin Just issued
concerning the cotton crop, says The
returns relating 10 the quality Of the
present crop mako the cotton Of Texas
aud Arkansas better than usual, and give
tho lowest average 70 Georgia and Ala
bama, whilst the CarOlnas arc next In
inicriority, and that Of Tennessee, Mis-.
slsHlppi and Louisiana noarlyan average.
The staple Is gonor illy short, especially
~ the districts that export Inferior quail
lty. On the Atlantic coast there Is much
complaint OF injury by rains aud storms,
aud by hurried picking between storms,
on clay land Tho weather was not gen.
orally favorable for picking In this dlrcc.
ton. Going westward Improvement IN
Indicated, aud In the extrome west nearly
perfect weather for picking was generally
enjoyed.
TExAs RAILWAY BONDS
special 10 the Ghsotte
NEW YoRa, March d. The railroad
bonds sold to-day embraced, 5000 FOit
Worth 4 Denver City ~ at 500 10000
do at aDh 5000 do ut b0b 5000 do at slE
1000 Gulf, Colorado & Santa No ~ at
l2lI 10000 Gulf, Colorado & Santa Fo
gold 6'g NJ gSd 10000 du at 1sb, 10000
do a. 90, 10000 do AZ Dgl II 900 do NJ
y Hs
Waco division, coupons on, az l01, 1000
Galveston, Harrisburg San Antonio 2'a
az 55, 10, 900 Gulf, Colorado & Santa 10
~ as 0Di 5000 do ~ pbi 5000 Calves.
toIi, uHrtiahurg & san Antonio i'snt
va $1,000 Houston & IcSus Central lis
oS-coupons az 0Ddi 10000 Kansas & TcNas
i'eat il6, $4,000 Gulf, Colorado & Santa
~ 9's at 1as 5000 do az agb 10000 do
~ Dgl, 10000 Galveston, Harrisburg &
San Antonio Is ut n7a 1000 do at Os
70 900 Texas g. Pacific, Rio Grando III. |
vision, coupons on, a. blg 10000 do at |
58i 10000 do % ut 62l 5000 Texas s |
Pacific income land grants at 8pi 5000 |
do oi 30l 81 900 do At i0 $4,000 Mis- |
souri,, Kansas & Toxas ct |
ll5j 5000 Texas & Now Orleans
Sabine division AZ l06, $4,000 |
'icxaN q Pacific incomes al 20, $4,000 |
ditto AZ i0l, 10000 Texas & peelno, Rio |
Wrande division, OK coupon, nj 624, |
10000 Fort Worth & Denver CITY l'a al |
sp3i 1000 Gull, Colorado 8 Santa No
~ AZ hpk
Wheat was quiet aud easy.
Cotton advanced or points.
Oh opened at 30l and closed at 40
Tho iirst quotations that have over
heon made Tor tho stock OF the Southern
Pacific company recently listed on the
stock exchange were made to-day, being |
70 bid ard 60 asked. Tho company WAS
organized "a 1884, Tor tho pnrpose of
and llnnnolering tho Southern
Pacific and other roads IN Louisiana,
Texas, New Mexico aud California,
known a. the Huntington lines
IT, capital stock liz &se, 000, 900. IL owns
sii2,2Bi, $50 out OF the Total OF SIG.
900, 900 Of the aggregate stocks of tho |
Southern Iaclnc, the Morgan's Louisiana
q Texas, lhu Galveston, Harrisburg & |
san Antonio, the ToXas New Orleans.
the l,oulalana Western and the Mexican
railways, and Ia LIS character
az leAE0a OF these roads IL assumed the
guarantee Of the interest on their bonds
The most Important item Of the mort
cages OF the Southern Pacific OF Calilor.
MA q per cents, 20 the amount OF s9a..
M 700, tho original amount having boon
$50 $50 900, Of which Oh, 2G2 900 has beon
redeemed w the proceeds Of snlea on
land. The mortgage, however, covers
both The road aud The land granted
Tho Southern pacihc company also
makes report to-day OF tho bual.
noer ~ the ten months 10 Decombor
III, showing net earnings Of sls SOL.
l2s ia the operation OF rho 1877 miles az
road controlled by Il, and surplus of
sg,al2,gTg over all iSed charges for thar
line IL Is believed by some that the mt.
Ing 81 these new securities ON the mar
set was deemed by the Atolileon, Toneka
: Santa 10 people an opportuno time Tor |
the tlghi w!ththe Hunting.
Ion lines about the division OF the Cali.
ornia business, as II was assumed that
Under such circumstance the Southern
Pacific company would Do more likely 10
Held something for the sake OF peace
'aihrr than have their financial property 1
niprud BY war on rates.
govnRSMESTH, STOCKS AND honda,
INV foRg, March N,--tioyernment |
ipnda dun and steady
There was Increased activity w rail.
'oad bonds Prlcos IN most cases show
ilrther advance.
The coal stocks monop0liled a large
ant o. business In shares, hut they were |
iot very active, The total transaetlnns
20 AiH,n6a shares. Heading
md Laekawanna contributed nearly ms.
100 shares, the other two coal stocks i2,.
100, aud Lake shore, ~. Paul aud West
m Union 100000 shares, white
he rest were very dun and 1
Together fcaturoleas Tho announce
TENT yesterday afternoon that /
settlement had been reached between
", Gowan and The Reading rcorganxa.
Ion syndicate led 10 active COVERING o.
tQcka, oapeelaily In coal stocks. which
'aH cogtIDucd this murnlnR, recalling 10
pe lrst prices showing gains OF 1 ID ec
Ipn which thofe lsesa further sllghtad.
iiuces Towards = o'clock The market