The Washington herald., 1914-10-15
WAR TO BOOST
!. FUR SALES HERE
Merchants to Take Advantage
Of London S Inability to
Conduct Auctions.
MARKET In NEW YORK
Company Formed to Hold Sales Three
Times a Year at Regular
Intervals.
MARKET IN NEW YORK

The great European war has wrought
at least one good result on the trade Of
America. For a period Of seventy years
London has controlled the fur market Of
the world, through her famous auction
sales. ana during all those years Ameri-
can dealers have been forced to ship
their goods to that market, only to be
bought, perhaps. by American tourists
and brought-back to this country. But
this year the war has made the holding
Of these sales in London an impossibllity,
and the fur merchants Of this country
have been quick to take advantage Of a
great opportunity to switch that famous
London market to New York.
Accordingly. the New York Fur Auction
Sales Corporation has been Incorporated
under the State laws with a capital Of
81. .0oo. 900. and will hold three sales a year.
at regular intervals to be decded on by
the board Of directors.
The great advantages that this new
project will AFFORD American fur shippers
are innumerable. II will wipe out the
expense Of freightage and insurance, will,
by eliminating ocean passage, extend the
time during which shipments can be
made. and will insure settlements with
shippers after the sales at least two
weeks sooner than heretofore. 1t Is pro-
posed to charge per cent selling COM
mission and that no discount shall be al
lowed to purchasers. Shippers will be al
lowed, without the expense of a trip
abroad, to see their own goods sold.
American Furs Sold in London.
Fifteen million dollars worth of Ameri-
can fIlrs were disposed of at the London
sales during the past three years, not in
cluding the payment OF $4,000 annually
in commissions. The New York sales are
expected, within a very short time, to
equal the London sales, in volume, and
there Is every reason reason TO believe
the profits of the New York Fur Auction
Sales Corporation will, in time, at least
equal the profits heretofore made in Lon
don.
AS an investment to parties engaged in
the fur business the stock should be
doubly attractive. The company will not
buy or sell furs on its own account, and
the value of its capital
stock will in no way be affected by the
fluctuations in the value Of furs- 1t
will have no expenses outside Of ONCE,
help and rentals. 1t is scarcely conceiv-
able that, even in the worst years, the
earned will not pay these
items and still provide for a dividend.
Sure to Launch Company.
The capital stock is to be divided into
1000 shares. of the par value OF 800
each. A sufficient amount Of the capital
stock has been subscribed for by the or
ganizers Of the movement to insure the
launching Of the company. Likewise ar
have been made to assure
the company ample banking facilities.
Only those actually engaged in the fur
business will be admitted as stockholders.
The business policy Of the corporation
and its management will be intrusted to
the board of directors, elected by the
and composed Of fifteen
members, to be chosen as far as possi-
BILE from the fur centers Of the United
States and Canada.
The establishment OF this corporation
shows plainly that the great European
war will do much to restore prosperity !
and business stability to American trade, |
not only in the fur industry. but in many |
Dther branches Of trade. American scien- |
lists, for instance, are discovering sew |
eral new uses for the vast amount Of |
,otton that has been left on the hands |
II the Southern people as a result Of |
he war.