Profits of Storage Companies.

Auckland Star, Volume XXIII, Issue 102, 30 April 1892, Page 1 (Supplement)

Profits of Storage Companies.

There is a good deal of money invested in the storage business in this city, and its extraordinary growth illustrates the nomadic life of the New Yorker. Great warehouses have sprung up from year to year in various parts of the city. The more recent ones are built like prisons, and are as absolutely fireproof as stone and brick and iron can make such a building. They cost considerable money, but the prices obtained for the storage of household goods make it a good investment. Every spring the New York householder is sure of a dozen cards from as many storage companies, sent on the general supposition that every householder is to pull up and go somewhere. The cost of putting your household goods in one of these vaults is ten dollars a van load going and coming, and from twenty to fifty dollars a month ■while there.

In fact, the expense of storage of this kind meets half way the expense of making a storage warehouse of your existing establishment and hiring a guard to stand over it. It may striko some people as funny that a man can't leave town and safely leave his bed and bedding outside of a burglar and fireproof vault, but that is about the size of it. The chief source of income to the storage companies, however, is that large class of young married people who alternate between housekeeping and boarding once or twice a year or oftener.— ■