Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-01-20
BEARISH.
Cotton Takes Tumble on Account Of
Failure Abroad Wheat
Semi.Panicky.
stocks Active Yesterday. but Almost
Featureiess--The General List Firm
on Increased Sales.
TEXAS nAILwAY poNps.

TEXAS RAILWAY BONDS.
Special to the Gazotte.
NEW York, Jan. l9.--The railway bond
sales to-day included 5000 Houston &
Texas Central LIST main line at 50; 1000
Houston & Texas Central lst nam
line, coupons of, at l0f;
1000 Texas & Pacific LIST Rio
Grande division, coupons of, at 4s; 49,
900 ditto at 4Sl; 1000 Texas & ST. Louis,
Missouri Arkansas division, at 46i TO-
900 Texas & Pacific incomes at 3s; 10000
Texas 4 Pacific Rio Grande division, ex-
coupons, at 46l; 5000 ditto at 40; 10000
Kansas & Texas G's at 7G; 1000 Kansas &
Texas general mortgages at 90 5000
Texas & Pacific lst certificates at 05I.
On the New York cotton exchange fu-
lures declined points on account of the
announcement OF failure at Barcelona.
Wheat dull at decline. The market
rallied slightly about / O'Clock on un-
founded war rumors, but speedily gave
way on the denial of the report and be-
came very weak, selling down before 2:l5
TO glRc for May, drop of Il cents from
the highest prices Of the day. The mar
ket closed semi.panlcky.
Oil opened at sic and closed at 5Sgc.
GOVERNMENTS, STOCKS AND BONDS.
NEW YORK, Jan. 9.-Government
bonds dull.
Railway bonds dull. Prices were
heavy in the forenoon but responded TO
the better feeling in stocks after midday.
The Coppell committee Of the Denver &
Rio Grande Western railway has dis
solved and Is returning TO the depostors
the bonds and stock deposited with 1t.
Although the stock market was active It's
atknrtuI ltrnffaH Tho tpf
sales were 40, 400 shares, Lackawanna,
ST. Paul, Lake Shore, and Union Pacific
absorbing nearly 80 per cent. OF the days
business There was an irregular open
ing followed by decided activity and a
considerably hrmer feeling for most
stocks. Lackawanna, after many fiuctu-
atoms and the display Of decided fever
ishness, closed at liza, net gain Of IL
The general list was quiet and steady
after the first hour. For a time later IL
yielded a fraction and after | O'Clock
again became firm, which developed into
decided strength later in the day with the
circulation OF the report that meeting
had been held at the office of Drexel,
Morgan & Co., and that an agreement had
been reached TO leave the differences be-
tween the Baltimore & Ohio and Pennsyl
ynnia railroads to arbitration. Although
the report was not denied before the close
OF the board, there was fractional re-
action in the late dealings, the market
closing irregularly and compare
lively dull Mr. Morgan Is
authority for the statement that there
is no chan In the position of
the Baltimore & Ohio. The Baltimore 6
Ohio did not sign the passenger agree
ment and the Pennsylvania has not cut
rates. The VaDderbilts continue TO show
decided strength, Lake Shore and New
York Central each making net advance
OF per cent, but trading in the latter
stock was only moderate. OF the Changers
ST Paul was weak in the morning, selling
down to 90l but later It rose TO 20 and
closed a shade lower, with an advance OF
IA, while preferred Is up "a. Northwest
ern shows net gain OF Z and Manitoba
Is higher Other important advances
are Union Pacific a. Pacific Mail and
Canada Southern / The announcement
of the Missouri Pachc's plan for the ex-
tension of its lines had little effect on the
stock, although 1t was strong on moder
ate sales and closed with net advance OF
], The st. Louis & San Francisco rail
way directors to-day declared the usual
scml-aunual dividend Of "a per cent, upon
the hrst preferred stock payable February
l. The books close January &c.