METROPOLITAN? normir: SUPPLEMENT. painting, Buffon painting and repairs: Amstere am docking, furnishing new shafts, boring t stern bearing and repairs to propeller; AbY- :do‘s, decking and repairs to machinery; Altai .tnd Bellawock, docking and painting; ship Ddl- _. mimic, decking and repairs to rudder;U United States transport Belief. examination of bull and ting Another firm on the East River, Manhattan, - does a. tremendous amount of work on iron and steel steamships, It has filled large con- boots for Government. transports and general Work of every kind. _. ‘ . .This it. must be reme mbered' simply represents the work in progress at writing by .one or two 8, and by no means represents the full vol- nine of busineSS under way in the various docks; The Brooklyn Navy Yard is, of- course, devoted _. to the work on. Government vessels. On No- Vember. 5 there were in the yards and vicinity between thirty and forty warships of various 33D” under repair or waiting to receive atten— n. The various shipbuilding and docking ,con- oern‘s which do their business through New-York have the advantages of superior docking facili- ties; the docks are fitted with electric lights, Hderricks and all of the requirements for prompt and efiicicnt work. The lengthening and repairing of vessels are made specialties by a number of the firms. ._____9__'__ - WAREHOUSE AND WHARFAGE 00.11; PANIES’. ' \ m COMPETITION IN AN INDIESTRY WHICH IS OF GREAT IMPORTANCE T0 COMMERCE AND TRADE. The necessity for large and safe storage places mt goods of every description gives to thc ware- house business in a commercial centre like New- York a great importance. The fact also that large quantities of goods must be safely housed tor indefinite periods makes extraordinary de- 'mands, which can only be met by the expendi- ture and investment of an enormous amount of _ capital. These investments are represented in large areas of land, leasedwor bought'and exten- sive buildings covering many miles-of territory in and around the city. If the warehouses of New—York could be placed side by- slde they would make quite a little city in themselves. There is no doubt that as far as capacity is concerned our warehouse facilities are ample enough for all present demands, and also to meet all future contingencies that,are likely to tridelia fact which has its demonstration in the keén—lmompetition which exists in the business. In the course of their regular business the ware. houSemen are called upon to store almost every ' eommodityunder the sun. and the products of til lands and clinics are. as fish totheir nets. There are today lying in the warehousesfof 'New-York‘ innumerable articles, even the names, .9: which are not known- to the public at large. -... The principal commodities, however, Which find their way into these huge storage places' lure wheat, coffee, cotton, tea, sugar,- jute, ma-i I'nila', hemp, sidal hemp, all sorts of wool, bales 'of hair, Ecrk‘,’ wobd, pumice stone, oils,’ codfish, lime juice, syrup—in short, all of the staples of «ordinary trade and consumption. .' " I . . The length of- time goods remain- in the ware-3 house depends largely upon the general state of trade andmarket conditions. During the time they are in. storage the warehouseman. is re- sponsible for any and all store damage. that is, any. damage which may result to the goods from root leakage or similar causes. The fire insur- 'ance is ordinarily carried by the Owners of the goods, and the Warehouseman is not then re- sponsibltr for damage by fire. While there is no definite law as to responsibility. for. goods stolen, it is the policy of the warehousemen to reimburse owners for such losses under' or— dinary conditions. There are a number of large warehouses located in New- York, others in Brooklyn, Jersey City, Weehawken and Staten Island. The aggx agate of their business is enor— -mous. Some figures as to the capacity of sev- eral of the principal concerns Will illustrate the size of the warehouse business. The Terminal Warehouse Company has two large modern storage plants on water front in New-York City, and operates also the West Side Stores, in Weehawken. Its largest plant is k110Wn as the Central Stores, occupying a space £700 by 200 feet, at the foot of West Twenty- seventh and West Twenty—cig hth sts. and North River. One of these warehouses, 600,000 cubic feet, is devoted to cold storage. The company has its own steam lighters and trucks. Special cold rooms are provided for the storage of Skins, furs, rugs, carpets and rugs and woollen gar- ments in trunks and hampers. The West Shore Stores, belonging to the same company,-are lo- cated in Weehawken. and are devoted mainly to'storing flour. The Brooklyn Wharf and Warehouse Com- pany'control the water front from above the Brooklyn Bridge to the Erie Basin. This is the largest warehouse company in the country."1‘hey have 265 brick warehouses, with a. fiber space of 9,390,220 square feet. Water front, 14,399 feet, or two and three-quarter miles. Bulk- heads, 25,913 feet, or four and nine-tenth miles. They have thirty-five'covered piers, area 1,159,- 398 square feet, having a. berth length of six and threcquarter miles. In other words, they could» accommodate a. continuous line of vessels more thansix miles in length. They have also nine open piers, with a berth length of two and one-twentieth miles, and storage yards with an area. of 1,741,860 square feetyequal to about ‘ THOMAS .LISTER WATT. ‘r_ " Ma's m tht'was born in this city on February 24.1%9 ‘He comes of Scottish de- fiant. his paternal grandfather having settled on a large farm which included what is now the upper aid at Central Park. Upon completing his early education Mr. Watt engaged 111' he laziness of breeding choice sheep. From this he developed a general stock farm, which Included sheep. horses, horned cattle and Shetland ponies. 0f the last-named he is said to' have the finest herd in the world. 1 The rapid growth and development of the city made land in the upper part of the city so valuable that his term was finally converted "into lots for building purposes. He retained, how-' over, one man tract; which can hematite-be the only swck' farm in the Barough’ ot'IManA ' ' htttan. : ' Hr. Watt h at- present largely lnterested‘ln m1 estate operatibn’s‘in-,the upper part of ”Borough of Manhattan. '01: my-IL'1898,"hoI was elected president'of-the Mount Morris Bank, being one of the youngest men in New-York to hold such an important place. "He-is a ' where! the Harlem Board of Commerce, the Democratic Club, the American Yacht Club; we Suburban Riding and Driving Club, the Hudson River Boat Club, the National'Horse .- Show Association at America, the Shetland Pony Club, the Coney Island Jockey Club and 311-; Metropolitan- Musem‘n‘ or Iii. ‘ forty. acres. grain elevators with a capacity of 1,000, 000'. bushels a day and a storage capacity of 20, 000, -. In addition, .they have "sixteen 000 bushels of grain. The title to the pidpe1ty than $100, 000 a year. The Independent Stores, also located in Brook- lYn, have nineteen b1 1ck warehouses, with a 7, 000 feet. They have two covered piers, one of which is said to be the largest in New-York Harbor. It is 100 feet long by 900 feet wide, In additiwon the concern has also a. large amount houses are equipped with electric light. and power, and have electric freight elevators with a capacity of four tons. In addition to. these warehouses, there are a number of others in and about the city with flOOr space ranging from 300,000 to 700, 000 feet. There are also many other smaller warehouses devoted to the needs of special lines of business, with all the facilities required for safe storing and efl‘icient handling of goods. “.———————-— NEW-YORK COTTON EXCHANGE. A HANDSOME BUILDING IN THE HEART OF THE WALL STREET DISTRICT. The New-York Cotton Exchange was or- ganized in August, 1870, the first election being held on the 15th of that month. From a. modest beginning the institution has taken a. substan- tial and important position in New-York’s finan— cial world. In September, 1870, the Exchange was housed in'a few small rooms in No. 146 Pearl—st. Its development was rapid, however, ~ CABIN maica. and Santiago. ‘mgut is expected to follow in about ten days. the first cabin salon of the Admiral DeWey. of the company has been guaranteed at $20,- 1_ 000,000, and in addition to its property it has a working cash. capital of $500, 000. A surplus. of $500, 000 is to be added at the rate of not less‘ floor space of 700, 000 feet and berth room of. of bulkhead and open pier room. The'wgtré-V4 .~ ' ' THE ADMIRAL between the United State‘siand the West Indies. is manifested in the names of the first two boats built for the company, the Admiral Dewey and the Admiral Sampson. These magnificent new Steamships are from the yards of William Cramp & Sons, of Philadelphia, and their beautiful outlines and unexcelled seagoing qualities leave nothing to be desired. The Admiral Dewey has made two round trips to Port Antonio, M.- with the idea 'of an easy converSion into cruisers in time of war. The tonnage of each vessel is 2,,080 and those Which have made trial trips have exceeded fifteen knots an hour. ”tract with the United States Government to carry the mails to Port Antonio and Jamaica for ten years. A large business will 9.150 'be done by this line for the Boston Fruit Company All the latest inventions and improvements in water craft have been used in the construo-’ [ don of these boats, and the service promises ri'pld transit [or both freight and passengers. and in 1"112, the Quarters having become too small, the Exchange removed to the handsome new stiucture Nos. 1-. and .3 Hanover Square. Its present home is the-commodious-and hand- some building on Hanover Square and William and Beaver sts. The ExChange Was begun with 100 cha1tered members, who each .paid an initiation fee of ' $200. The fee- was raised to $500 in July, 1873, and a year later to $5, 000. At present the fee is :32, ,000 and the Exchange has a membership of The subjoined figures Will give an idea of the volume of business transacted: In 189l_— ’92, 278, - 71 bales; 1892 ’9, 333, 756; 1893- ’94, 308, 638; 1894- ’95, 303,231, .and for the year 1895— 96. 301,942 bales. ' .- The operations 1of the Inspection Bureau show that from May11897, to April 30,1898,i_n- clusive, there have been inspected and cer— tificate's issued for 60,434 bales; during the same period there were Withdrawn 155, 484 bales of certificated cotton, leaving certificates outstand- ing on April 30, 1898, for 53,199 bales of cotton. The 1eclamations on the bureau have amounted to $3 69 46, and the balance on hand in the Guarantee Fund is $40, 498 14, as against $47,- 03799 last year. The following are the present officers of the Exchange: President—William V. King g. Vice-president—Thomas M. Robinson. Treasurer~~VVa1ter T. Miller. Secretary—John L. Bullard. Manag tars—William Tubbs, Eustratius A. Fachiri, Karl Meissner, Robert H. Rount1ee, George F. Jones, William Ray, James F Maury, Sigmund M. Lehman, Hermann I—Iagedorn, John R. Dayton, Frederick Van Riper, Isaac B. Froc- ligh, George W. Baily, Frank- G. Speck and Robert P.McDouga11. Superintendent—Edward R. Powers. DEWEY. VIEW. , ,_ . . The American Mail Steamship Company, which was organized under the laws of New-Jer- sey last February, promises to be a most important; factor in th‘eipassenger and freight service The stanch Ariiericanism of the management The Admiral Sampson has completed its first trip, and is noW on the second one. The third new steamship, the Admiral scmey, has just gone into commission, while the Admiral Far- All four. are sister ships, and have been built. The above illustration shows The company has a con-
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