New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1903-03-21
A TRAIN LOAD OF DRY GOODS.
WILL. BE BROUGHT FROM DALLAS TO
GALVESTON.
Mistrot Bros. & Co., Made Big Purchase.
Madden & Graham Stock will be
Moved Here Bodily and
Handled From This
Point.

Mistrot Bros. & Co. of this city
have purchased the entire stock of
the wholesale dry goods firm of
Madden & Graham of Dallas and
a solid train of about 30 cars will
leave the city tomorrow morning
for Galveston loaded with wares
The consideration was about 1892,
600 and it was one of the largest
single drv-goods transactions Of
snch nulure that has ever taken
place in the state. The train will
come via the Katy aud it will be
duly bedecked with banners. The
train will be photograph at Dallas,
Waco and Houston aud should
reach Galveston by to morrow night.
The firm of Madden & Graham will
pass from existence,
In speaking of the matter this
morning Mr.. s P. Mlstrot said his
firm had the opportunity of pur-
chasing the stock and simply did
so. The little thing of paying out
$1,000 for lot Of dry goods,
etc, never appealed to him as being
Il record breaking transaction.
"Wc are satisfied with the buSi
ness we are doing, IN the sense
that it Is satisfactory. We must
provide for II fast growing trade
We have found Galveston as place
to do business all that any one
could ask We have ample room
to store aud display our new stock
said Mr. Mistrot.
With the addition of 80 ears of
merchandise the firm Of Mistrot
Bros. & Co. becomes easy not only
the largest dry goods firm in Texas,
but in the entire South There is
not firm in st. Louis, perhaps,
that carries either as large or as
varied stock Of merchandise as is
carried by this firm. There is not
firm south of the same point that
does as large n business as Mistrot
Bros. & Co. For those who
have been contending there
are disabilities to be encountered
by jobbers in Galveston, the very
fact that dry goods firm should
absorb Dallas firm and move the
stock, lock, stock aud barrel to
this city must appeal TO such in a
different manner.
In addition to the deal mentioned
this firm is now importing about
$50, 900 pounds of ofmatting and fans
direct from japan. The mating
and fans were purchased by an
agent of Mistrot Bros. & Go
stationed at Kobe. They were
shipped from Kobe to this point
via the Suez canal and New York.
The freight rate obtained on the
shipment was 81 per 100 pounds.
The rate from Atlantic seaboard
points to this city alone is IS cents
per 100 pounds. 1t can thus be
seen at glance that New York
enjoys differential over Galveston
on eastern goods Of only Is cents
per 100 pounds. Mr.. Mistrot said
this morning that il his firm had
desiredto use sailing vessels instead
of steamships, the rate from Kobe
to Galveston could have been
equalized with the rate from Kobe
to New York.
In addition to the three stories
300 BY l25 feet in size that this firm
begsn using when it opened its
house here, 1t also re-
onires one store house two stories
high, SO by l25 feet in size,
aud another three stories high,
S0x125 feet in size, to store the
Both of these store rooms
are located on Mechanic street just
across from the main building.
When a Galveston firm can go to
Dallas aud absorbone Of the largest
dry goods firm in the metropolis Of
the state it does not look so much
like this town was either dead or
sleeping. While it is a big feature
10 the cap Of Mistrot Bros. 4 Co,
tits still bigger feature in Calves
tons cap.
As an evidence of the state i'm
portance Of this deal, the following
editorial from the Houston Post OF
this morning is significant:
x,,,rov = r>-fs rNy cnrrtrIr rusvAc |
The purchase by Mlstrot Bros.
& Co. OF Houston and Galveston of
the entire stock Of the Madden &
Graham Dry Goods Company of
Dallas aud shipment Of the goods
to south Texas for distribution
constitute news item of more
than passing commercial import
auce
It means that the seabonrd cities
Of Texas are coming again into
the commercial prestige and power
aud to which their position entities
them, hut to which artificial regu-
|ations of late had deprived them
Galveston on the gulf and Hons
ton on a Manageable stream Leading
into the hnrhor are Of a
right the cities Of Texas that
should distribute the commerce
That cutters by sea Houston's su-
prricr railroad facilities give an ad.l
in reshipMent which hi.
been strangely ignored by the CON-
mercial men. This city onght to