New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-30

,o,rsA1E DRY GOODS INTEREST
MARKS THE CLIMAX IN GREATER
NETWORK CITys COMMERCIAL
AND INDUSTRIAL WELFARE
$4,000. 100000 ANNUALLY
1850, ,,,p,rTMrNT SHOWS A TOWERING PRE-
r,rxrxcE OVER ALL OTHER AMERICAN
TRADE CENTRES. TAKEN IN CoMBINA-
rrox-srATlsrlCs THAT BATTLE
COMPREHENSION MANU-
FACTCEE AND IMPORTS
CONTROLLED IN
NETWORK.
c,oofer Ncw-York. the Office and warehouse
=, America the Bagdad of the Vest Here
.-ode concentcrs and radiates ana mere the
,,os, continuous clink Of money rs heard TINS
lido Of London, the bank Of the world Aero
hats in figures aver that the gross sum OK t"'
c,,v's trade is forty thousand millions year.
ard that the total transactions or for'y-seNeh
o,be, cities Of the country is twenty Thousand
millions. Perhaps this achievement in cipher'ng
,ro,rces nothing but blur on the conscious
ness Of the layman. and perhaps the state
,,art isn't true But whether the aggregate
trade is forty or four billions. the result OF
c,,,rarisons is that New-YorS. as the handler
end distributor Of what IS produced in America
and 81 that which is brought here from other
continents. stands as two out of three New
", &c Two integers. each of the other trade
tentcrs of the country. including Chicago Phiia-
de,nb;a. Boston. baltimore ST. Louis. Cincin-
o.,It ~ N r1a
the, have more than 10000 population each are
actions Of ono integer Indeed, NewYork is
SO !nter-related with every part Of the coun-
Try and with the exchanges and manufactures
Of every sub-centre that to separate their trade
IRON, the trade of New-Yorl is like taking
mar, from the whole. To the extent that they
Gather the products of their contributory terri
tories and distribute them again within their
territories they are independent of the greater
city. II they wish to send anything abroad or
II they wish to market product in all other
parts Of the country, they do two-thrds or three
fourths Of 1t by way Of New-Iork
Consider in some detail the drygoods trade
~ America and see how four-ffths of all the
prints. woollens. silks. linens and fancy faorlcs
made or imported into the United States are
sold in New-York. This Is the primary Amerl-
can market for textiles Of all kinds. Those VINO
hl1V elsewhere seldom Duy AT HrSl HdhuS. iiiV
majority of the great textile producers do not
sell a dollars worth of their product directly
They have no selling department.. no mercan-
file organization. They reach the public solely
through the great New-Yorl houses. that handle
IN bulk the product OF many mills ana
those great houses are to all ntents first hands
and IN their relations 10 the public are equiv
s,snt to producers Those who buy in New
York buy from these houses the primary
sources OF supply Those who buy elsewhere. as
q general thing buy from the customers Of
these houses.
Works engaged in cotton manufactures accord
tho - the census Of 1890 numbered 1000. The
.o,,ta, invested was 1904 O2O s43 They oper
ated H. OSS 100 spindles and 324 500 looms yield
n, a product yearly of S26I .9si, 724. In woollen
manufactures there were 2.4S9 Establishments
with S296 494 4S1 capital, operating 32S62So
snindles and turning out an annual product OF
sa27 7(;S S24 The combined value of the two
,cxtjle industries was $685., 1jO.o4S. New-Yorks
contribution to these totals was trifing as only
one concern Of Importance in these lines. car
-, factory exists in New-York.
Vet - per cent of these products were dis
,r,huted by agencies within the limits Of Worth
Leonard. Thomas and Franklin SITS The powers
there control 80 per cent Of the mill productive
forces of the country THE Dry Goods enron
i,le in commenting this fact said
eli is not claimed that of the capital invested
,r textila manufacturing 30 per cent is held in
Naw-York. but much more important claim