The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-10-31
Philadelphia.
Correspondence ofthe Herald

Correspondence oil the Herald.I
PHILADELPHIA, Oct. % 1913.
Market Street Improvements Business, &c.
| A great Improvement has recently taken place in
the business walks of this city About four months
since, on the corner of B sank and Market street
stood tavern, and on the spot where the tapster
was daily wont to deal out his heavy potations is
now located tn. first auctioneer in the United
States, Gin point Of business talent,) watching with
an eagle eye over a business which amounts in
year to millions Of dollars. A magnificent pile o.
buildings has been erected on this spot, at an ex
pense OF $4,000, which for adaptation to the bust
ness for which they have been constructed are un
equalied. The first public sale OF dry goods took
place in this establishment last week; the catalogue
comprised over nine hundred packages and lots OF
every description OF goods, which were sold on SIX
months credit. The whole OF these goods were
ceIved into the store the proceeding day OF sale, and
were beautifully arranged for exhibtion-the sale
commenced at 10 o'clock A. M. and the whole lot
was sold by 8 o'clock. The sale well attended
and went of with spirit, and prices were well sus-
tanned twas the largest sale of dry goods that has
taken place in this city for many years. and created
a great sensation. The sale took place on Thurs
day. on Friday the goods were all delivered, and by
Saturday al III o'clock all errors had been
ed and bill OF sale with net proceeds for entire
| parcel was ready. think you will commend Phi
lade'phians tor despatch In business alter this, but
II is system, sir, that accomplshes so much that
system, the results Of which manifested in III,
conduct OF your paper during your recent tour II
| Europe-that, though absent, your spirit was eve
present imparting LIE and animation TO all.
While upon the auction bu .iness my mind is car
since. in the days Of John Hone Sons asd sho,
well, Fox " Co, when the business was in its hey
day oil prosperity in your city, when goods were
really sold at auction by the package and not as
In paltry retail lots when importers iurnlshe %
the auctioneers freely with entire packages o.
goods to cell, and were sai, fled wi h their en-
deavors to obtain the highest prices. But ala,
for this age OF degeneracy now IT an invoice
OF goods Is sent 10 an auction house to sell IN
your city, it is under strict limitations, the seve
raj articles not TO be sold, but TO be passed, un
less such and such prices are obtained-and al
| owner scarcely thinks of sending fresh imported
package Of goods To auction, unless IL Is with III
ull assurance that he can obtain the Auctioneef',
charges over and above what he would be willinA
20 gut the article at out OF his own store--so lha
your auction .vuses, by receiving goods To sell o.
such terms, have completely used W. the buslar
It IS last dying natural death. The Oldest and
best jobbing houses have long seen into the deiu
sion, and their names are no longer rung through
he auction rooms. Occasionally you see them
LOCKERS on In Venice, amused with the apparent
farce which is being enacted and at the green horns
who are being duped am amused at reading the
advertisements OF the large auction houses now,
their sale days-aft- enumeratlng the particulars OF
some 200 packages OF various goods which they
will expose for sale, they wind It up by saying
. Also will be sold peremporilv, three packages o.
AIpacha Lustres, &c &c -" Tous out OF 200 pack.
ages, three are to br peremptory sold. dnd the r.
naInder only II prices are sails. acory to thu owl
RS II gfet this decline aud tail OF the aucri l.
rade, coas, quent upon the course pursued by To
,uctIoneers themselves, viz; bv receiving Ro0ot
It Limitation and tying up their own hands he
nave diminished competition amotg buyers, b,
Iuvlug the best cues from attendance at tn, II
'ales. always looked upon rbe auction system
I happy medium between the buyer aud the 81 +
Il gave 10 tine seller quick sale aud speedy retUrl'
aud, when an article was desired, The highest p",
siole price, because competition for was al haad
and IT enabled me buyer select in one day an as
sortment OF goods, which otherwise II would have
taken him weeks to hunt up.
Have you seen the agitation IN our papers ABOUT