The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-03-31

great magnitude inasmuch as ii passes
Through tho beautiful NeOsh0 valley tho
richest and most productive section " han-
aas, liyan examination VI tho map i viii
ba readily seen that this Is the only direct,
nearest and most accessible route fpr the
shipment Of stock 10 Kansas City or Eastern
market grazing IN The great Panhandle
district of .'reKns, MerldeD rock station Is
reached more easily, and the drive more sat-
ishotnry 70 those engaged In stock raising
and shipping from this section OF Texas,
The farmers and stock rAlseri In Kansas,
Texas Colorado and other sections tributary
10 Kansas City, ara becoming rapidly edu'
Gated 70 tho fact, that by cunslglng their
products 10 commission houses nj Kansas
Ully, instead OF Chicago or ~ Louis, they
arc enabled 10 secure better rates Of through
transportation, over tho last freight lines, ~
New York, Philadelphia, Boston OF baltl'
more, receiving quicker returns and Swing
tho waste incident 10 hauling tho grain 10
elevators and boats NJ Chicago, and second
tax Of elevator charges, iterage eto, II by
tho lakes or river
Tie advantage Kansas City has as n prl-
mary grain and stock market, has been very
happily presented by Hon. q, H. Prescott
now serving n second term rs l'rasldent Of
tho Kansas City Board Of Trade, when no
says
'From the geographical and central posi-
ton Kansas City occupies W tho great grain
growing and stock raiing districts west and
southwest Of the Missouri, with six compol'
ing lines Of railway 10 the Gust
sho occupies not only neutral grounds
when rates ara cut 10 CHI
cago or ~, Louis, but by reason of
which aho IL enabled TO ollir better rates Of
transportation, inasmuch as Chicago, rather
than give hor rival, 81 Louis tho prestige,
she will readily favor Kansas City, and in
turn 81, Louis Ia infused with that same
spirit peculiar 10 rival interests
While these advantages enjoyed by kansas
City Ms shipping centre must ho very mp
parent the Wholesale jobbers doing busl'
ness In this future great ciIy upon the Mis-
souri, enjoy equal facilities, In tho way Of low
rates Of transportation from New York una
other commercial and manufacturing cities
upon the sea board.
This In addition TO cheaper ronH and living
over Chicago or 81. Louis are enabled 10 sup
ply nearly all lines Of merchandise " Ms low
Il not less prices than the retail trade west of
the Mississippi river can purchase their stocks
nj either of the other commercial centres of
tho country, saving extra freight charges,
time and expsfNc, besides receiving their goods
quicker and requiring less capital TO do II
certain amount of business, from the fact
that in buying AT the nearest and most Access
sible market they arc enabled TO stock up
more frequently, and consequently carry less
stocks of any lines OF goods,
Judging from tho magnitude of salei Of
staple ana ull lines Of goods entering into the
trade of the country, by the jobbing houses
and manufacturers agents, of making Of all
kinds, which exceeded S20,0O0,0O0 in 1879,
at Kansas City, presents II most latterng
showing of the immense trade spllngng up
AT this point, and also an appreciation OF the
advantages by the retail merchants Of the
West
The five banks, with cash capital of
over one million of dollars land An almost
unlimited credit in New York;, whose clear
ings in 1879 aggregated S6S,2S0,2jl.65, oller
ample facilities for the commercial convent
ence OF this growing metropolis.
There are nv this writing several million OF
dollars seeking profitable investments IN
Kansas City, and the upward tendency of
real estate presents most ilatlerlng out
look for 1880, while tho preparation for more
and larger business blocks to be erected in
the spring, ar indications Of the multiply
ing inducements offered US great CONNER
ciul centre.
The organization of Board Of Trade in
1876 was the iniatory step that has within
the past three years made Kansas City a
most successful rival Of Chicago, st. Louis
and Toledo for the surplus grain and other
produce west Of the Missouri seeking an
eastern market. From the official report for
1879, of w. II. Miller, esq, Secretary of the
Board of Trade, the receipts of grains of all
kinds was 1903, 262, being decrease from
that of the previous year, owing to the low
price of corn in the early part Of the year,
which led farmers TO feed their surplus to
cattle and hogs.
There are five elevators, having capacity
to store 1,405,000 bushels, and daily trans
fer capacity of 245,000 bushels. Mr.. Miller
in summing up his very elaborate and able
report, when referring to the participation OF
Kansas City in the general revival OF busl'
ness, makes very strong point in referring
to the per cent. of increase of business in the
various commercial and grain centres in the
United States in 1879, which he draws from
the statement recently compiled and pub
lished in New York. The increase in New
York was 1913; Boston, 1913; Baltimore, 1873
Philadelphia, 26.6; Chicago, lI3; st. Louis
49,; Kansas City, 6SS. This increase, Mr.
Miller says could not occur in new place
like Kansas City without corresponding
growth in other respects. The city itself
presents many evidences of growth that can
not be measured in statistics"
The Kansas City stock yards, established
in 1871, now cover l45 acres Of ground and
have capacity for handling 10000 cattle,
$4,000 hogs, 1000 sheep and 400 head OF
horses and mules.
From the annual report of E, Il. Richard
son. Assistant Seer atary, we learn the receipts
at these yardsin 1879, as follows:
Cattle-2ll,445 against 1883 in 1878.
Hogs-5SS,9OS 426,355 "
Sheep-6l,l5 27Ol2 &"
Horses and muIes-l5,829 against l0,7 95
in 1873. N,
Thus showing the most satisfactory re
suits, and per cent. incYelise of which none
of the other great stock markets of the eOun'
try can boast Of This wonderful increase OF
receipts of stock is attributed to various
causes, to which the Secretary in his able re-
port refers to, somewhat in detail; among
which he names the extension of the Kansas
Pacific, the building of the Atchison, Topeka
Il Santa Fe into New Mexico, and the extern
sion of the Kansas City, Lawrence 81 South
ern towards the Indian Nation, and the Pan
Handle of Texas, which has recently
opened up a new territory of rich grazing
grounds, thus presenting. facilities that mus