The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-07-08
DRY GOODS EXCHANGE.

Association Of Dry Goods Merchants-The
Rooms Opened in Park Place-Deal-
crs i'm all the Principal Cities fn the
Union Enrolled Among It's mbcrs-Its
Objects and the Facilities offered 60 the
Trade, &c.
The public has been for long time familiar With the
workings Of the Corn Exchange the Produce Exchange
Stock Exchange Real Estate Exchange Petroleum Ex-
change, and other organizations OF that nature for
the benefit Of those engaged those particular branches
Of business IN city We able TO add 70 this
list al organization under the title OF the New York Dry
Goods Exchange Our leading dry goods merchants have
for long time felt the necessity Of organization Of
this kind but none existed until within the last month
commencement has at last been made, and over one
hundred Of leading merchants have recorded their
names and paid the necessary fees enable them par
ticipae in Its benefits regular fee has been paid for
membership. anda rate which moderate for the fac
tiles obtained
Spacious rooms have bcen provided for their accom-
mediation on the second floor OF 20 aud 81 Park place.
and fitted up in good STYLE The IL any feet by
one hundred The walls al each end decorated with
portraits engravngs Of the leading generals and naval
heroes Of the war; including Generals Grant, Sheridan
Sherman, Vice Admiral Farragut and President Lincoln
number Of tables about three feet wide and ten feet
long placed through the centre OF the for tho
accommodation Of those who bring samples OF their
goods telegraph office has been opened In the rooms
thus anordng direct communication with all the prnci
pal cities in the Northern States which will be extended
to the Southern States as as business there revves
and renders 1t necessary There II also bulletin board
on which recorded the price Of gold the Gold Room
every fifteen minutes during the day, and summary Of
other important news, including the prices Of such
staples a. cotton, WOOL &C. thus meets the wants Of
tho dry goods Dealers including the importers and the
Wholesale merchants.
1t differs in its organization from other exchanges In
the fact that embraces in its membership not only tho
merchants in this city, but Of all other large cities,
we'll a. insurance companies transportation steamship
and express companesons Of its objects being 70 fur
nish rendezvous for merchants doing business in Pha
dephia Boston, Cincinnati Chicago St. Louis and other
cities and there meet the New York merchants with
their samples select their goods and transact their bus
bess including insurance and arrangements for trans
portaton, without delay Of time and trouble in passing
around from store to Every facility necessary for
the accommodation OF the out Of town merchants who
become members has been provided at the rooms The
gold bulletin enables those merchants who base their
operations in purchasing and selling upon the price Of
in the Gold Room.
This exchange was only started about tho
middle Of June; but, judging from the
on the subscription books, It's is fully
established Among the names Of the members
one hundred merchants Of this city, including
many Of the oldest and most prosperous houses whose
names figure among the hundreds Of thousands in
internal revenue income lists and familiar 10 the
mercantile Community Of the nation household words
There also the Of leading merchants Of Chi
cago 81. Louis, Cincinnati, Louisville, New Orleans San
Francisco Boston, Philadelphia Baltimore and Detroit
Since it's rules do not exclude foreign houses II Ia
to be presumed that agents Of foreign houses will avail
themselves Of its benefits aud become members thus
furnishing in time great dry goods centre, where facts
may be gathered 10 he amount Of stock Of different
qualities Of goods In the market, ~ we'll a. numerous
other facts and data Of great value the dry goods
chants 70 say nothing Of the facility offered for the
Western and Southern merchants 10 conclude their pur
chasrs and close up their business IN the city Tho
saving OF time In this TO al concerned must DO OF
immense value II also enables the dealers ascerain
readily and to keep posted in tho prices Of different
qualities Of goods There Is doubt but that II will
prove valuable aid 70 the trade.
Thus far the only officers arc superintendent and
secretary But II Is stall In its infancy s impossible
to tell what changes and additional facilities may be
cuded through the suggestions and necessities OF It's
practical workings.