Judged, then, from the valuation of tools and fixtures, the magnitude of Negro business enterprises is considerable and falls into three classes: one of comparatively small valuation, 184 estimated below $400; one class of medium valuation, 50 estimated between $400 and $1,499; and one of comparatively large valuation, 33 at $1,500 and over.
The details of these valuations of tools and fixtures are given in full in Table XXIII ([p. 110]).
2. THE AMOUNT OF MERCHANDISE ON HAND
Next to valuation of tools and fixtures, the amount of merchandise kept in stock is a good index of the magnitude of the business done by many enterprises. Of course, the business of brokers, express and moving-van firms, employment agencies, and some miscellaneous enterprises could not be measured by the amount of stock kept on hand. Also barber shops and pool and billiard rooms sometimes keep a small stock of cigars, tobacco, etc. So these firms can not be so measured. The statements about merchandise on hand were accurately estimated either from figures on the books of the firm or from rough inventories of the stock on hand made with the assistance of the proprietor.
Negro business enterprises for the most part are small retail enterprises and do business on the scale of establishments of this type. They have not yet accumulated the capital nor gained the credit to engage in wholesale trade or to carry a stock of merchandise large in quantity or variety such as an extensive patronage demands. But they do handle a considerable amount of business with the small capital they have to invest. When this is compared with the gross receipts for 1907 and 1908 the showing is very creditable.
Table XXIV. Estimated Valuation of Merchandise on Hand in 241 Negro Business Enterprises, Manhattan, 1909.
| Class of establishment. | Estimated valuation of stock on hand. | |||||||||||
| Less than $50. | $50 to $99. | $100 to $199. | $200 to $399. | $400 to $599. | $600 to $799. | $8000 to $999. | $1000 to $1999. | $2000 and over. | Doubtful and unknown. | Refused. | Totals. | |
| Barber shops | 14 | 2 | 3 | 1 | — | — | — | — | — | 30 | — | 50 |
| Brokers | — | — | — | — | — | — | — | — | — | — | — | — |
| Coal, wood and ice | 13 | 2 | 2 | 2 | — | — | — | — | — | — | — | 19 |
| Dressmaking and millinery | — | — | 1 | — | — | 1 | 1 | — | — | 5 | — | 8 |
| Employment agencies | — | — | — | — | — | — | — | — | — | — | — | — |
| Express and moving vans | — | — | — | — | — | — | — | — | — | — | — | — |
| Groceries | — | 1 | 4 | 14 | 8 | 7 | 1 | 1 | — | — | — | 36 |
| Hairdressers, etc. | 3 | — | — | 2 | — | — | — | — | — | 2 | 1 | 8 |
| Hotels and lodging houses | 1 | — | — | 1 | — | — | — | — | — | 14 | 1 | 17 |
| Pool and billiard rooms[A] | 3 | — | — | 1 | — | — | — | — | — | 5 | 1 | 10 |
| Printers | 1 | — | — | — | — | — | — | — | — | — | 4 | 5 |
| Restaurants and lunch rooms | — | — | — | — | — | — | — | — | — | — | — | — |
| Saloons and cafés | — | — | — | 1 | 1 | — | — | 3 | — | — | — | 5 |
| Tailoring, pressing, etc. | 5 | 4 | — | — | — | — | — | — | 1 | 14 | — | 24 |
| Undertakers | — | — | — | 3 | 1 | — | — | — | 2 | 1 | 4 | 11 |
| Miscellaneous | 12 | 4 | 4 | 8 | — | 1 | 1 | — | — | 18 | — | 48 |
| Total | 52 | 13 | 14 | 33 | 15 | 9 | 3 | 4 | 3 | 62 | 16 | 241 |
[A] Cigars and tobacco.
For, of the 302 enterprises for which estimates of stock on hand were obtained 159 firms, including 46 barber-shops and 9 pool and billiard rooms that kept small stocks of cigars and tobacco, had a stock of merchandise on hand estimated at less than $50; 20 others ranged between $50 and $99; 38 others had stock on hand in amounts between $100 and $299, while 23 fell between $300 and $599. Thirteen enterprises kept a stock estimated between $600 and $1,000; six ran from $1,000 up, while seven were unknown. In a word, classified by amount of merchandise kept on hand, the firms fell into three classes, the largest class was composed of those having a stock valued at less than $50, the next class grouped those between $50 and $600, and the third and smallest class contained those with stock on hand valued at $600 and above. It will be of help to see in detail how enterprises in each class were grouped according to estimated valuation of merchandise on hand, so Table XXIV showing this is given ([p. 112]).