New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-12-24

pGint or constantly enlarsinc The sphere cf the.l
laboratory labors ia order 10 meet the require
ments OF fresh developments IN therapeutics.
and. result OF those inbprs new preparation
after preparation has been introduced TO the
notice OF the medical profession. The compound
stearateS, Tor instance which !orm a remark
able series of pharmaceutical products OF stearic
acid In combination with various appropriate
bases, and which. as powders, inpalpahle, bland
and uncinous TO an extraordinary degree. are
recognized as being peculiarly applicable 10 :he
treatment Of several distinct groups OF diseases.
were introduced by one OF New-YorL's leading
jobbng houses.
an historical standpoint has seen career ex
tending back 10 the beginning OF the present
century. II has witnessed many Interesting
pericds. and has had the satisfaction ~ giving
European competitors a strong. hard fight for
supremacy. From dependency on impor tations
the men trhind the trade Of this city have
turned the tide in the other direction until the
eXports OF drugs and chemicals to fore ign coun-
tries represented faii-sized account on the
balance sheets OF international commerce. In
the realm of patent medicine the American has
been power in all the great cities OF The Old
World There was "a time when the herbs and
roots OF America held the foremost place in the
hearts Of the sick and ailing Europeans. and
the very fact that a root combination was made
in this country was Il guardntee of its infallfble
healing and curing powers. As q result of this
turn in the affairs of The drug trade shrewd
and enterprising American business men .,Is,;.c
many fortunes ont or the foreign bushes.
TRADE WITH OTTER LANDS.
Another epoch OF drug historg was clearly de
fined when certain Central and South America n
drugs such as jaiap. ipeCac end the hassams
began coming into this port, from which in the
course OF business they were shipped to the
European dealers.
Opium and quini6e are the two heading anti
Cies in the drug trade, and they are watched
with great interest the wear around Strange as
il msy seem. there is every now an then a
speculative fever in these two articles. This
speculation is not confined to the trade alone,
but extends To hundreds OF outsiders. who are
in touch with those in the business II IL re-
Called at the preset moment that when war
threatened las, spring it WIS considered by a
small host Of investors that there would be a
large quantity OF uuiniIe required for the sick
soldiers in Southern climates The price at thai
time in tire neighb0rbood of IL cents hn
ounce The eager buying for speculation soon
selr prices upward. and before the movement
was over the quotation had reached ~ cents
an ounce. After short time. during which
there was Do material change IN the price sitlia
lion. a number of email investors. grown tiniid
and anxious from " ais!ng gave orders To sell
and then prices were knocked down. and as
there no demand the market beragne slight
iy led, and the wuii6 be spectators were
obliged to retire with iosses instead "f ptoii S.
In like manner Cpffir has -recr!Ved no i'tile
attention during the year just closing. AID tile
speculation has been on an extended scale.
From about 81 - a Jound INC price has been
corlcd up To az 90 a pound. from which ihe'f'
were slight rpcessiOnS II Nas The cry in the
trade "a. through the summer taat OPIUM would
go to ~ 4 poiiDd. The speculation N this drug
has been combined almost entirely To those IN
o. a trade who nai deceived word from the
As.atic marke: lhat the cfpf' Was shaTt for tnc
year
To return To CSlnine - the leaders. i:
uay be saif thst :: hEG its siiccfNGy IN 1St'
y hen "a Fs.nche.an manned Peli,aIer hogan IN"
manufacture rf separate aikalpld q. "ircloi,a
bark Shortly aTterv Dd qn!nine factory nas
s,aitcd in AnheIica ~ John Far. ~ Phadei-
mia. and THIS liant WIS 1hs basis r'f ire in
dustry ~ Tar as this country was cos,cerned
Later on. John currio but a factory I'm New
York This was practically the beglrrinG az
domestic snsDine To-Day slr worlds annuai
es:nsu,sD .is,n Of this Ah-in.jpifant all.shd Is
about 7HAlHn eUGcs-s. az which II IS esii-
mated that half is used IN sbc United States.
For certain period Winnie The s'"v rnmcni
tassc foseIA made esinsbe TIA boae MANU-