Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-20
REALTY AND BUILDING.
The Packery viii Begin Operations
To-Day on q Big Scale.
Rea, Fs's'a Transfers Increasing in Number
and Am"unt-Tne Fin ncial situs-
tion-NO,rs OF Progress

Real estate sales are increasing In
number and amount, many OF the trans
actions made being above the average
of sales usually made. Prices paid show
an increase over previous sales, WHICH
shows steady but reasonable apprecia-
| pectors in the city now and many more
are coming.
BETTER PLEASED THAN EVER.
H. {. LOwrie of Denver some time ago
purchased tract of Fort Worth land
which he calls Mi'tletoe Heights. Mr..
Lowre came to Fort Worth ana invested
without visiting other Texas cities. He
says he always regretted this, for he felt
that possibly he might have done better
elsewhere. Several days ago he started
10 visit the principal Texas cities and
yesterday returned to Fort Worth. He
said TO a GAZETTE representative: ~
am glad l went, | am now satisfied.
nude no mistake In Fort Worth, aud am
better pleased than ever. The future of
Fort Worth Is more promising than any
cty in Texas. and l can speak under
standingly for have seen them.
THE PACKERY.
The great packery will begin opera
tious with full head of steam this
afternoon and will run right along.
Four thousand Gne fat hogs are
in the pens ready for the
slaughter, the packery hands are here
aud ready TO 30 to work, aul every thing
i'll the establishment is III good shape.
Fort Worth people can now get Fort
Worth dressed spare ribs three times
day if they want them.
THE FINANCIAL SITUATION.
Mr.. T. j. Hurley was asked yesterday
morning how he found things in the
East aud the outlook for money. He
answered:
'Everything is all right. A few days
will right everything. See here, and
he showed the reporter letter just re-
ceived from firm of Chicago bankers,
in which they said: "The Barring Bros.
close call has not seemed to trouble this
market very much, which seems to
show thut the sprions trouble is W 18th the
gamblers on Wall street. $50 fur as
Barring Bros. are concerned, said Mr..
Hurley. "they have over 500. 900 900
of marketable assets. They conduct
lnrge operations in every quarter of the
reorgnnized the Atchison, Topeka and
Santa Fe raiirond. When l wes in Lon
don last fall | was asked to meet party
Of gentlemen at Their bank TO tell of the
prospects of their line through our state.
1t takes two sets OF men to make
trading in stocks possihle-one, 1.-The
bulls succeed Gu unbrokan property;
the other, 1.-The bears OIL waste and
ruin. 1t is claimed that Jay Gould aud
other operators turned bears 10 knock |
stocks that they might buy into the cou-
troll. These men are assisted in their |
Oye rations by what is. known Us Wall |
street bnnks. These banks oveF-certify |
CHECKS for t"o Or threa hours during |
eeeTy day FOR mary II Hons OF dollars. |
Should Il stock be pouried they take |
alarm. call in margins. which in turn |
the broker asks his customer for, and !
they borrow from banks dung legiii-
Elate business, rush he money 10 Wall |
street, thus rot only loosiug their own |
but taking that much from the
medium of The town. The
money does not 20 out of the country. The
men who win in the game of Wall street
get il. Now this time the bears looked
tip on certified checks over so 600 eco of
currency ard aftihcinlly nude money
sttf run ILiCutt up 10 ~ per
cent. during the morning hour on the
board. and after 2:i5 loan Ut 3 per cent.
often, last week, going home with
millions OIL hand. kiider, Peabody &
TO. , D-ex"l, Morgan y CO., aud other
high toned houses. during Ell the trou-
bic, loaned at per cent. Most all of
the leading stock houses in \ ew York
have charged hI: per cent. Half of
the news OF depressing nature is tele-
:raphed TO the country by the bears.
rhe associated banks of New York have
available assets now of S95 ,000, 900.
When Cant X Ward failed the clearing
house issued S22 zoo. 900 clearing house
'ert hcgtes. and during this panic only
= ,000, 900. which shows that the present
trouble is exaggerated.
Now this trouble in railway stock
will create boom in real estate matters
ust as it did in 1873 and 1884. As is
we'll known, were Il not FOR Wall street
rouSles during those periods, driving !
men from the uncertainties of Wall
treet TO the absolute certainty of real
estate investments, Kansas City, Omaha
md Denver would not have been posi- |
)i!lii.s. / cannot better convince YOU OF |
ny faith in the movement that will set
II here by disappointed investors in
pei uiatlve stocks than to say that our
oncern to-day decided on au increase of
apital, increasing from 5000 900 TO
500 600, which We will do this year. one
at of men in Boston taking 500, 900 of
:: and men mind you, who have never
efore invested in Texas. If our people I
Tould talk less about panics and morej
bout our healthy financial condition, ~
nd turn out and show by their ucts that I
hey believe in our city, aud erect build
aCs instead of talking 'what they are
DING TO do' aud pasting pictures up OF
ne kind of buildings they are going to :
rect by-and-bye, it would be better for /
ur city.
"This week (Friday) some seventy-Hve .
nen are coming here from Kansas City.
hey represent the solid financial manu-
acturinz and trading interest. of that eIty.
iany Of these men ere prepared to make
Investments. They are to visit other
i.ies besides our own. They will form
sne sort of al impression of US. The 8
uesticn remains with our people whether +
is to be good or bad. Fort Worth is
'ell thought of in the East, but che is q
osinE on her repufs ton. s. Dallas has a :
IAN iii 6Oston OF salary os $1,000 per =