Omaha daily bee., 1906-09-16
JETTER PROPERTY IS SOLD
Large Tract Of South Omaha Real Estate
In Deal Of Much Interest
SOME THOUGHT or NLw PACKING PLANT
Rumor that Nelson Morris f. Pur-
chaser and ContempIates Build
fns Not Fully Accredited
by Knowing Ones.

Deeds were filed Friday morning which
represent a pretty big deal In real estate
in South Omaha One of the parties to
the transaction was the letter Brewing
company, the original owner Of the prop
erty, which comprises about fifteen acres
lying between Twenty-seventh and Twenty
eighth and extending southwark from T to
Y, street. on this property stapd the Krit-
tenbrink brick yards and the letter ball
park.
The second party to the deal was repre-
sented by I. J. O'Nef but even he de-
ciares that he made out the deed In blank
for parties In the east, presumably Chicago,
and is unable to say who the real pur-
chaser is. The purchase price was tS4.O6O,
being one Of the largest prices ever offered
for similar property In the city. This is an
average OF about $500 per acre. Mr..
O'Neil said 1t might mean a new industry
Of Importance in South Omaha, but hesi-
tated to say that It was intended for a
packing plant. He said he was confident
that the purchase was made for objects
greater than mere speculation.
kenyon Wants to Know.
w. J. G. Kenyon expressed the opinion
that It was not probable that Nelson
Morris could be seeking to Introduce his
interests at this point. The location was
too far from the stock yards. He dictated
a letter to Stanton Palmer of Armour &
Co., in the presence Of reporter, setting
forth the popular rumor and asking to be
informed as soon as possible should there
be the least foundation for such move.
1t is not likely, even though Mr.. Armour
should have controlling interest in the
stock yards and be able to dictate policy,
that he would permit a packing plant to
come to South Omaha and locate outside
the Union Stock Yards district, the reason
being that his interests in the yards would
undoubtedly repay him for any effect
which additional competition Of another
plant would bring.
Mr.. Kenyon said 1t was true that Nelson
Morris, as well as Swift and Company,
had an interest In the Omaha Packing COM
pany's plant and might possibly have thore
all the hold on this market that they de-
sired.
"Of course" he said, 1T have heard of
these rumors of packing plant, but they
have been, so far as I know, merely ru-
mors. AS you see. have written to Mr..
Palmer for information and as soon as
we have anything definite viii inform you"
letters Express Ignorances
The members of the firm OF the letter
Brewing company expressed quite as little
knowledge Of the proposed use of the tract
which they have sold at so good figure
as either Mr.. Kenyon or Mr.. ONeill. Mar
tin letter expressed doubt as to the de-
velorment Of a new packing house and
inclined to the belief that several factories
would be there erected.
Don't quote me, however. for don't
even know the name OF the Arm that
bought the property" he said. II know
I've got the money, all right, and that we
still hold rfght-of-way for the tracks
which are to accommodate US. we have
been busy with the deal for about week.
Another source OF information which is
unusually reliable ana from a party who
is in a position to know better than any
other outside OF the actual dealers in the
transaction themselves, said:
you may be sure the actual purchaser
Of the letter property Is none other than
the Union Stock Yards company. I don't
know who its representative Is, and no
doubt the deed was made out In blank,
but know Stanton Palmer was here last
week and he, with Mr.. Kenyon and Mr..
o'Neill. looked over the property. The
property is valuable to the Union Stock
Yards company. lying as It does just west
of the Swift property. 1t would not be
necessary to inform Mr. Palmer, for he
knows all about 1t. The Union Stock Yards
company to my positive belief. held tho
first option in the sale. whether it win
extend its yards in that direction or lease
to a packing plant Is speculation with me,
but do believe that one more plant would
boom this market more than anything else
could do" =