Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-01-11
ON CHANGE.
Spot Cotton Unchanged Futures were
from to Points Higher.
Wheat Opened Weak, Fluctuated Narrowly and
Closed at a Dee1iDe--GofTee and Wool
were Unchanged.
Daily Review.
OFFICE OF TIE GAzETTE,
n :

OFFICE OF TIE GAZETTE,
FORT WORTH, TEX. jan. 10, 1883.
Quietness has been the leading feature Of trad
ing on this market to-day. Farmers have been
afraid to venture into the city on account of the
threatening aspect of weather, but some activity
was created in retail lines in the morning by city
patronage.
Produce is weak and in good supply. Eggs
have moved down TO q bit dozen.
Complaint of dullness in the speculative mar
kets is bitter, and the cend ition which gives rise
to them seem to be growing chronic. The stock
exchanges have subsisted so long almost with
out customers that brokers appear to have re-
signed themselves to the idea of market IN
which the main activity is confined to the pro-
fessiona1 operators and their efforts to circum-
vent each other.
banking house in Boston which has a good
many trustees on its books is reported as stating
that there Is very little investment buying.
Trustees are putting theirmoney into real estate
mortgages at per cent and are avoiding allrall-
road securities All the business whlch TINS
house is getting at present from trustees is
rather in the nature OF selling than buying or
ders.
The total number of immigrants landed at
United States ports from foreign countries, ex-
elusive of Canads1 and Mexico for the month of
November was ., 40, and for the eleven months
ended November 30, 49S ,0S', against s., us ana
The secretary of the treasurer declines to per-
nit amy further with drawalS of AZ per cents to
secure public deposits, and the substitution of
per. cent. Withdrawals hereafter can only be
made on the surrender Of government deposits.
The large falling off in the deposits of Gonnec-
teHt savings banks, as shown by the statement
of the bank commissioners just issued, is as
signed TO the low rate of interest paid by the
banks.
According to the reports of the national banks
to the comptroller of the currency as to their
condition.o on December u, New York showed
IS. as percentage of reserve fund, Boston 2f,S6,
St. Louis Is 50 and Baltimore 81 Al.
SOUTHERN PROGRESS.
The remarkable growth OF the South, exhibit
ing a phenomenal development IN every branch
of industry and art, has become a twice told
T ne " and Is SI0Tg %eh anna
Continuity displays new features Of
interest to the student of econo-.
mics. Recent statistics giving the number of
new industries established in that Ell
Dorado, Show that they are not only greatly
diversified, but that during last year they
were established more rapidly than in any previ-
Gus year. There were thirty blast furnaces pro-
iected the past year in the Southern states ten of
in Alabama. The total number of mining and
quarTying companies organized during the year
was 217, street railway companies
eighty-seveh, and Of companies for carry
ing ON miscellaneous industries $50. The
total number of railway companies organized was
245. While these figures do not show what has
versity and healthy drift of enterprise in the
South. A noteworthy fact is the total absence
of umwarranted booming Of new towns and the
almost total freedom from fictitious appraising
of real estate. Everywhere, the growth is nor
NAL though swift, and the grounds for its con-
tiIluance are apparently permanent.
Figures which were recently published in
Southern periodical regarding the increase in
valuation in the Southern states, show even
more satisfactorily the progress being made
there. In Georgia the increase in the assessed
valuation of real estate between 1880 and 1885
nearly sos 600 600, and of personal property about
S33, 900, 006, while the net debt of the state
was reduced SlI ,0G0, 900. Very much of the
increase in Georgia S wealth has been due to the
growth of her iron industry. The same is true of
Alabama, though lumber, coal, -four and quar-
rying have been of almost as much Importance.
Alabama has almost doubled the assessed valua-
ton of real estate in the past eight years,
the increase being SOC, 0o0, 900. The in
crease in personal property has been from $45,-
900, 600 TO S. 06o 000 In South Carolina the in
cease in the valuation of real estate and per-
sonaI property taken together has been but
little over 50 600, 600. The estimated increase in
the acreage of farms is fixed at 20 per cent. which
is a good showing II American Banker.