New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-10-23
AY EXCHANGE FoG mSH DEALERS.

The excessive competition in the fish business
IN this city and In Boston has led to pr0posa LOT lHe
establishment OF regular exchange, TO be conouoloo
some Isl hat on the basis OF the Corn Exchange Inc
movement began rmong the Boston dealers After a
conference OF Of the largest dealers In both cities IL
WAS proposed to organize stock company with capl
tai OF $4,000 the capital OF the Newly YORK branch 10
be 100000 aud that Of the Boston branch 10 DO
100000 Shares 10 be allotted to each dealer IN
proportion the amount OF business that be controls In
fish that are bought sold in Boston. The movement
If its initial stages at present but regular legal or
ganizaton viii probably DO effected in q week or ten
days The especial object OF the company Is to do
away with the strong competition in the purchasing OF
fish In tho Boston market which has run prices UP eX
cessivcly.
1.-THE competition" said one prominent dealer In
Fulton Market, has nearly Dankrupted many Of the
large wholesale dealers both Ncw-York and Boston,
Each member Of tic company, 1t Is expected, VIII bnd
himself to buy only OF the company. 1t Will be pro-
vded by the company hatheroaer fish shall be sold
in either market at less pro1tthan 20 cents hundred
All OF the large Boston dealers, thirty eight in number
arc In favor of the exchange, aud have
made formal proposition to the Wholesale dealers In
this city, some twentyseven In number Under the new
system me purchasing agent or each hm on buying
cargo OF fish VIII give the captain o. he vessel mem
Orhdim OF tue price ana the number Oh pOhu,, WHICH
no VIII take 10 the Exchange. where he can draw his
money TIE Exchange next day will collect the amount
tron the INN, with ~ cents hundred added. IN con
this subject with TRIBUNE reporter T. Il.
Mller large wholesale dealer III fultOn hafktt, bul.
In, OF course, impossible TO predict now what viii
grow out Of this movement. For my part, am greatly
In favor Of the Exchange We labOrng under great
disadvantages now. Every yCnr send halfa-dOzen
agents 10 Boston to buy fish the wbarye5 when the
vessels como In and consequently we have to buy right
in opposition to tine Boston firms. Now the Boston
dealers propose that If we will take away our
agents from that city they WILL with any one agent we
may employ, Duy ut the price that We do, giving
40 per cent OF AL The lisa that purchased The
resuit OF that viii be to gave ish at much less
price, agents now IN direct competition with
the Boston dealers. When the fish scarce they run
up the price 10 an enormous figure
"What Is your opinion to the benefit that the New
York dealers Will derive from the Exchange Z"
RS the biggest thing done Tor Ncw-YoTk. IL
the SowIOrk dealers accept the proposition the con-
sumers viii soon realize the advantages ot the EX
change. Tho formal proposition has just come 10 me
from Boston. going 10 inform all Oi the wholesale
dealers in this city and probably By next Wednesday it
will be known what action they will take upon it,"
How many pounds OF fish are sold In Fulton Market
every year I"
some Time ago, at the suggestion Of Professor Baird
OF tue United states Fish Commission. account
kept aud IL learned that about 45OOO,OOO pounds
yero handled thore that year. Strange - 1t may seem,
WORK, i'll proportion to it's population, consumes
less fish than any other city IN the world. New-YOrk
people take 10 Dccfsteak, and Boston people live ON
fish and baked beams"