Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-10-23

the produce supply, but no advances In
prices have oeen made excep! In eggs,
which are worth II cents.
Cotton recei pts have been light.
The Boston N4Hs bureau ssys the
A.chison c1m oany idas sol1 its Atlantic
snd Pscifc second mortgage bonds, and
will appiy the proceeds so the payment Ct
the foa;iug dsot.
Boston reports that the earnings Of
| Iron Mountain 6-e hetter than FOR anY
other division o; the Mi 8 usi Pac tic sys-
tem, eld dividend lie Looked for in Feb
rusrv, So there is no other way iG- the
DIVISION CT the earnings"
The rev Houston and Tex,s Central
securities are being engraved, but they
will not be resdy until 40 1ut Janusry.
At the annual m -etipg Of the Pu!lms n
Palsca Car Company, over Slt. 600, 900
OF sock wse represented. The gross
earnings OF the year wereIS7 sos, 745. and
s1e sur jus 81 OILS 56l The ueual quar-
terly Civ deLd of 81 per share WAS de-
clared from the net earnings, paysble
November ID.
The sc!uary Of the U nited States Treas
DRY has made computations OF the rates
of interes. realized by investors In gov
ernm mt bonds at market rates. During
the month OF August the quotations for
per cents. varied from 81 275 to 81 2s3
aud the average rate Of interest rea lied
by purchas is compued st 2,2l5 per
cent TIE a per cents. varied from
81 o74 to ST. O7s, and The rate OF interest
resl ID averaged 2 1873 per cent
The Boston Advertiser saYe: II our
d Sc is dIs.p 1esrlng from the sea in o
losing CO npetitior, where the margin OF
profit is scarcely worth c01test!rg for
we have the satisfaction OF knowing taat
1t is rising nuc ;4stsr on the great fresh
water seas OF the lakes. Nearly 1900
American vessels are now engaged In
lake commerce, representing sn Invest
mepe oil $40 coo 600. Some Of tee vessels
can carry at s sin sle trip grain Ell Jugi to
load five freight Gins # thirty csrs each
With over 500 bushels per css. Every re-
source Cf wood 8 ID i.ol ship building on
the lakes has bsea t,x9d 20 su9p,Y tie
increasing cema2d for transport. Ia the
fall CT the YgsF th7r3 were uAIer con-
s'ruction sixteen steamsr5 ID cos. $500,
600 each sld nineteen to cost Sl95,000
iesCh m.klBg al additional iEvsstIn enI
ST st Ibis year Of steamers alone Of So
765 000. Bus the shipping ilcreSse can
scarcely keep aoreast OF the demand.
Ia the course CT his address before tie
bankers convention of Galveston, Mr.. j.
E. MICA sh.o, Ii )uston bsnker, said j:
Banking is very ancient profession or
business There were doubtless public
repositories for IN )ney when Dem osthe-
mes and Cicero ware making their reepec
tive times illustrious for unriv.lled elo-
q1ence. Doubtless there were places OF
safe deposit In Hercul1neum when those
warning tremors stsTtled Der people and
the binding VesuVisn shower followed +,
sc Wing the fate CT this tabled city CT
Hercules, this delight CT tie voluptuous
r lmln. /: chn easily be imagined that
the primitive bsnks CT those days expert
euced I'M thiag OF run from the terri
d q snd fleeing depositors. SJme form
If banking WAS doubtless associated
with commerce 10 its most snclen,
sources, but barking proper, or bank
ing as business, cannot De said
to have hsd It's origin until tie year III,
A. d when the B.uk OF Vsn.ce was or
gsniZ I'd, and whose operations continued
for several huadred yesrs. This bank
owed Its beginning to the need, or sup
posed need, Of the community and the de
sire Of its incor 20 ;ators to make gain out
OF thSt neeG, 1st Gs Is the csse in our
own day. After the establishment Ct the
BaLk OF Venice others 70 lowed Ct inter
vsls In Increasing number, ard the pres
ent inDumerabie and universally distribu-
ted institutions are the result. During
the sixteenth and seventeenth centuries
banking as corporate enterprise was
Just beginning to be understood, and its
development from inst time forward was