The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-03-04

to look very like speculative craze. There is
enough imitation in it to start an option deal.
Here is an instance: A party bought a
halfSection Of Grand Rapids & Indiana
railroad land, and shortly sold il for about
$1,000 advance on the purchase price, the
buyer likewise obtaining the remainder of
the section from the railroad company. He
sold his contract for 5000, and the third
party in turn sold for another 5000 adj
vance. But he soon sckened of his bargain,
and looked with disgust at that paltry
5000 profit. Turning about, he repur-
chased the section, paying $1,000 advance
for it, and will manufacture the lumber on
it to get his money back.
New Virginia industries: A chair factory
has been started in Culrpeper, wooden
mill at Gordonsyille, a cotton factory at
Danville, a new cotton factory at Norfolk, a
paper-bag factory in Lynchburg, Il straw
hat factory IN Richmond, a sassafras oil
dtstillery at Charlottesville and an extern
slye wheat-idn factory is to be started in
StauntOn.
Some idea of the size of the match trade
may be gained by glance at the figures
paid for stamps. The government exacts a
revenue of per cent. per 100 matches man
uiactured. During the year ending May,
1881, one company paid for stamps 1880,
600. This year the amount will be increased
$4,000. There are 200 matches in a box.
The tax is cents they are sold to the gro
Ger ut 3 cents, and retailed at . $1,000 900
represent 450WO,00D l-cent stamps. As
each stamp represents 100 matches, the
grand total manufactured is 40 800 OOC 600
matches or 81 ,500, 900 Scent boxes
The Hudson river watcr-power AID man
ufacturing company, owning valuable site
on the Hudson, between MechanicSville and
Saltwater, will soon commence the con.
Struction of dam 900 feet long and IS
feet high, to furnish 10000 horsepower. 1t
will also erect large paper MILL fitted with
facilities for the manufacture of fifteen tons
OF book-paper a day. The water-power
will be utilized on both sides OF the river
One of the leading lumbermen of Cheboy-
gan, Michigan, predicts that the cedar of
the section will prove TO be more valuable
than the pine has been. All the flats along
the streams for miles back, are covered
with thick growth of cedar. The streams
have all been cleaned out SO that the cedar
crop can be run down without difficulty,
and being so conveniently situated ON the
banks OF .he several streams it can be cut
and put in the water at very reasonable
figure.
The quantity of paper which a nation
consumes is in many ways u fair index of
TO llboHNllNN anu IT'S lulCllEtiltt. SINUS
tics show that the per capita consumption
is i'll no country so large as this, where il is
llilos. In England, it is g. in Germany,
>; in Australia, A. in France, 81, and in
Russia J. For the entire eartn the
number of paper-mills is estimated at 5000,
and their combined production at
800, 100000 tons annually. While Germany
ranks third in per capita consumption, she
is first in production, her total being
10000 tons, Great Britain is next WITH
10000 tons, and then come the United
States with 10000 tons: France with 49,
600; Austria with $4,000, and Russia with
$500. Brazil has but one mill and Africa
but one.
a New York special dispatch to the Gin.
ciIlnati Gazette, February 10, says: Potato
importatons continue. The Devonia of the
Anchor line, brought another /, 200 tons to
day to the disgust of dealers here, who
are considering whether it would not be
possible to make corner in the esculent.
Prices for the best homegrown qualities
are eighty-tive cents n bushel, against 81 .0S
for Nova Scotias. The uuty is twenty-five
cents per bushel, SO that the latter has Il
tritling advantage. The steamers take the
potatoes for ballast, and sell them here at
prices that about bring them out even.