Omaha daily bee., 1911-01-22
new YORK LYING IS COSTLY
To Feed People of Gotham One Year
Requires $1,SO0,O00,000.
ASTONISHING FIGURES MADE UP
Metropolis Draw on VI hole world for
Its Food Supply-Seats ON the
stock ExchanEc Decline
in value.
~ pREsrnN IL AnANIs.

BY PRESTON c. ADAMS.
NEW YORK. Jan. 2l.-tSpec.al to The
Bee 1t takes I'm round numbers 81. 500 Oo00o
a year to feed New York. This seems a
pretty big figure meaning an average OF
well over S3o1 for each man, woman and
child in the city, but the figures bear out
the statement. The consumption includes
among other things 100000 worth Of
meat. 9l5,0eOC0 quarts OF milk, $4,000 bush
els OF oysters, 100000 pounds Of fish.
$1,000 900 worth Of bread. pies and cake to
say nothing of an endless variety of canned
goods, eggs. butter cheese. poultry game,
IL is a mans job to feed the city and
great many Of the men not only Of this
country, but Of the world are engaged
in the task
This city draws it's food supply from all
over the world and in return sends its own
products into every country. The imports
and exports passing in and out OF New
York harbor represent millions Of dollars
annually.
While New York is to a certain degree
removed from the more extensive food pro
duclng centers of the country, its geograph
zeal location is such that Il has become
the food market place of this and othCI
countries Improved methods OF packing
elaborate and economical refrigerating sys-
TENS, transportation facilities furnished by
q dozen railroads and many steamship
lines, ample capital and modern business
methods have all combined to bring the
food producing sections of the country
right next door
New York Ms supply Center,
The old saying that What you cannot
find in New York CITY you dom need, ~
particularly applicable to the food question.
! The manufa cturers Of food product dealers
in every city Of the world find in New
/ York City distributing center. Hundreds
of wholesalers and jobbers employing thou
/ sands OF persons, are always busy receiving
and sending out again almost endless varte-
! ties of canned and raw food products
| Remarkable features OF the entire food
! product industry are that 80 per cent of It
! ig mn hal ia 10 60 nnN m
and that the food product dealers heartily
cooperate with government and state in
| spectors in an effort to keep the food sup
! ply at the top notch Of purity.
Exchange seats Less Costly.
| New York Stock exchange seats are not
yet worth 100000 each notwithstanding that
in 1909 the price went TO $4,000, figure
never before obtained. Before then the
highest sum paid for membership was
$95, coo, in 1906 and 1906 Since the latter
year the volume of speculation has fallen
off and seats are now worth only about
$S5, 0OC. The price Of seats fluctuates quite
year the range was from $4,000 to $4,000, in
| 1909 the minimum was $4,000, in 1908 the low
figure (S52OOO) was $4,000 below the high,
while in 1907 there was a slump from $4,000
to $1,000.
Decrease in stock values.
The value of 1870 stocks during the last
year decreased 1886. 203, GOO or Ass per cent
In circular J. +. Howell, who compiled
these statistics says
Evidence of the stock market liquidation
in 1910 is found in the subjoned tables
which show that in the year just ended l9C
railroad and industrial stocks traded in on
the New York Stock exchange show a total
depreciation of 81, 1886, 203.0 900 in their market
valuation. This is based on the closing
prices of December 81. 1910, as compared
with the closing prices of December 81,
1909, and furnishes the most comprehensive
record of stock market operations for 1916
made by any New York brokerage house
"Ninety-five railroad stocks showed an
aggregate depreciation in values amount
ing to 1851 .S95, 900, representing 1892 per cent
of the total par value of the stocks rep
resented. Ninety-five industrial stocks
show a total depreciation Of $4S4. sos, 900 or
! 1923 per cent of their aggregate values
(par). In the calendar year 1909 the same 19C
stocks recorded an advance in market valu-
alton of 1868, 6lS 900 or 11.2 per cent of their
total par value. OF this 95 rails advanced
$5l3 5000 or 1909 per cent and IS industrialt
advanced 1854. 600 or 1877 per cent.
As 10 steel Snaps,
One Of the interesting developments OF
the unexpected resignation of w. f. Corey
from the presidency of the United States
Steel corporation was the question raised