Rensselaer Republican, Volume 15, Number 22, Rensselaer, Jasper County, 8 February 1883 — Centralizatiou in Business. [ARTICLE]

Centralizatiou in Business.

New York Correspondence Detroit News. A well known dry goods house goes out of business January 1, having, after two years of trial,found the jobbing trade unremunerative. The fact is a few large firms are gradually absorbing all the business, and no moderate house can live and oompete with the peculiar methods and the gigantio capital of the great concerns. It is so in the boot and shde and grocery trades; a few houses do all the business and the small-sized firms, of which there were so many ten years ago, are gradually passing out of existence. Centralization in business seems to he the tendency of the times.