Philadelphia's major industries of the era were the Baldwin Locomotive Works, William Cramp & Sons Ship and Engine Building Company, and the Pennsylvania Railroad. Westward expansion of the Pennsylvania Railroad helped Philadelphia keep up with nearby New York City in domestic commerce, as both cities fought for dominance in transporting iron and coal resources from Pennsylvania. Philadelphia's other local railroad was the Reading Railroad, but after a series of bankruptcies, it was taken over by New Yorkers. The Panic of 1873, which occurred when the New York City branch of the Philadelphia bank Jay Cooke and Company failed, and another panic in the 1890s hampered Philadelphia's economic growth. While the depressions hurt the city, its diverse array of industries helped it weather difficult times. It had numerous iron and steel-related manufacturers, including Philadelphian-owned iron and steel works outside the city, most notably the Bethlehem Iron Company in the city by that name. The largest industry in Philadelphia was textiles. Philadelphia produced more textiles than any other U.S. city; in 1904 the textile industry employed more than 35 percent of the city's workers. The cigar, sugar, and oil industries also were strong in the city. During this time the major department stores: Wanamaker's, Gimbels, Strawbridge and Clothier, and Lit Brothers, were developed along Market Street.