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Jewish Market Second Largest in New York with Expenditure of $375,000,000

November 29, 1929
See Original Daily Bulletin From This Date
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The annual market guide published by the “Editor and Publisher,” the organ of the newspaper and publishing business, points out that next to the American market, the Jewish market of New York is the most important.

In an interesting statistical article it says that “there are 1,750,000 Jews living and working in the Metropolis. They are concentrated in several distinct sections. About 600,000 live in Manhattan, 420,000 in the Bronx, 500,000 in Brooklyn, 60,000 in Queens, 20,000 in Richmond and 150,000 live in suburban towns within 20 miles of municipal New York.

“More than 6,500 grocery, dairy and delicatessen stores, 1,200 drug stores, 3,000 stationery and cigar stores, 6,000 kosher butcher stores, 700 shoe stores, 275 hardware stores, 250 paint stores, 250 furniture stores, 150 electrical stores, 71 theatres and several thousand dry goods and specialty shops are located in the Jewish sections and cater exclusively to Jewish trade. Estimated expenditures for living in these stores is $373,000,000 annually.

“There are 11 Yiddish theatres in Greater New York. There are 12 Jewish banks with 50 branches in the Jewish sections and they have total resources of more than $500,000,000 of which about $75,000,000 are in savings accounts.

“The Jews of New York are largely engaged in mercantile and professional pursuits, a large number of them are skilled artisans employed in the needle, shoe and textile industries. These trades are highly unionized and the workers employed earn proportionately higher wages than workers in other industries.”

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