general merchandise on commission. Foreign houses have their agencies in
this city. Also much of the produce of the farm and of the products of
manufactures are disposed of in the same way. Take a case of the former
kind. A man hires an office in New York and storage in a warehouse. Then
he sends circulars to Westerndealers, stating that he is prepared to
take their stock or grain on commission. When he can make quick sales he
saves the expense of storage, but rental in a warehouse is necessary in
holding for futures. He receives in one day 100,000 bushels of wheat at
seventy-five cents per bushel, which, after paying freightage, he sells
at one half of one per cent. profit. Gain of one day, $500. He will not
receive so much every day, and some days he will have to sell at a loss;
but, taken altogether, there are good chances of wealth in the
commission business.