OCR Text |
Show A HEAVY TRANSACTION. Four Hand red Million Feet of Lumber Sold for $1,300,000. Dultjth, Minn., July 12. The millionaire lumber firm of Wright Davis & Co., signed papers today disposing of one of the largest tract of pine lands ever closed out in the entire west. Besides being heavy owners of pine in the Duluth district, the firm owned 400,000,000 feet of standing timber on Swan river, a tributary of the Mississippi. This has all been sold to the Pine Tree Lumber company, Weyerhanser concern, for a sum approximating approxi-mating $1,300,000. The timber will be sawed at towns along the Mississippi rirer above Minneapolis, and concentrates all Wright, Davis & Co.'6 business busi-ness at Duluth. |