The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-09-15

Activity in the Real Estate, Grain
mud Lumber Rsartets,
Cor. Kew ork Herald.

Cor. Kew Y DIRK Herald.
People ere now thinking and talking about
real oslsto in manner they have never
thought or talked Of before, and the recent
venture Of large capitalist, one of the
moat ontorpriaing of our citizens, is now
one of the talks of tho town. This gcnile-
man, few months since, had three old
fashioned stores, three stories high, on
Camp street, near Canal street. He pulled
down and erected on the ate one store, I've
storie. high. This one store now rents for
mora than double the money that tho old
stores brought, and could be sold TO day at
profit of 33 per cent. over the entire cost of
the new building. In the neighborhood of
miles up and down on either side of the
river, land cannot now be had az any price.
GRAIN EXPORT.
The grain export business of .his port, our
city calculates, ia yet in itS infancy. Further,
IL thinks that = large part of the foreign
imports destined for the west mus. eventu-
ally DO distributed via the Mississippi river.
A tow of bsrges from St. Louis loaded
with grain at tivh cants u bushel now gives n
not profit of $4,000 in single trip.
From this it would appear that the
mini mum rates have not been reached.
A charge of three cents would not only be-
possible but profitable IS the up freight now
pays all tho expenses Of the round trip. Tho
edvsnisges gained in a low rate OF freight IS
Influencing the shipment of both lumber md
railroad material to all parts of the west
direct from this port. OF the
first recently shipments to the
west have been made of nearly 1000 goo feet
for one railroad, and Of the last some Il, 900
tons have just been sent az f-- as Denver.
The.hghcst possible. authority the subjeos
stated 10 the writer only sholt time since
that fully 250, 900 tons Of rnil-suflicions to
lay 5000 miles Of road would come 10 the
mouth Of tho Mississippi during the present
year.
DEMAND FOR LUMBER.
Owing to the demand made for lumber on
this market by the Panama canal in adds
ton to the requirements Of the Texan
and Mexican trade, together with the in.
creased demand for building material here
the lumber mills In and near our city have
found II utterly impossible 10 fill the
orders that they have received. New mills,
therefore, are now being erected as
rapidly IS possible, with new and improved
machinery for tho purpose of manufsc-
turing tho large,t possible quantity at the
lowest possible cost II is known that the
forests of tho west are rapidly becoming e1-
hausIed. The largest forests on the conti-
mont now lilo in near access 10 Now Orleans,
both by water and rail- This naturally sets
our city to thinking. One of these days 1t
msy yet be one oft he greatest lumber mare
ket In the world.
One of tho effects Of the opening of now
lines of railroads has been to reduce the
quantity of money required TO supply tho
country trade. Small stocks now only are
necessary there, as they can be replaced in
few hours whenever required, and goods
are sold for cssh, whereas they were for
merly sold III the spring and paid for in the
autumn, and then only if the crops did not
fail.
In the course OF the summer one cotton
factory and sugar refinery has been enlarged
iute and fifteen oil factories have besn built
all in the immediate vicinity OF the city
and one large cotton mill and three or four
saw mills are now in the course of erection.
A pleasing topic of conversation in the
city !. to contrast our stock market with
what II was n short while aimee. Less than a
year sgo the stock of every bank and
insurance company was below par, while
to-day there ia not one Of them that Ia no
above par, ranging from 10 to 90 por cent.