One Thousand Ways to Make Money by Page Fox

289. COMMISSION MERCHANTS.--A vast business is done in the sale of

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.