This brief, simple footage has several points that are of some interest, both in terms of content and in terms of technique. The subject matter is fairly simple, showing a couple of shots along New York City's Fifth Avenue where the 'parade of fashion' could be seen, with all the wealthy pedestrians going by. But like many films of a long-ago era, it has a couple of intriguing details, and it also has some significance for its use of a couple of basic techniques that were not yet standard at the time.
Like many movies of its day, it preserves a look at a common sight of its era, in this case the fashions and appearance of the upper classes of its day. A contemporary source makes a reference to a flower fakir in the foreground, but he seems to be at the edge of the camera frame (at least in the footage as it has been preserved) and is largely indistinct. So the footage is almost exclusively of well-to-do persons, with a view of some of the buildings in the background.
There are at least two different location shots, which in itself is of some interest. Almost all movies at the time were still limited to one shot, regardless of length. This one has two similar but definitely different sequences. The second part is interrupted by a slight jump, but since the background only moves slightly, it is probably just a missing piece of film, or perhaps an instance of the camera being stopped and then restarted.
The first sequence shows a large crowd gathered along part of the sidewalk. It's kind of a challenge to try to figure out what they are there for, but it seems impossible to tell, despite some interesting but indistinct details in the background. But what is more significant anyway about this part is that the camera pans along the scene for a considerable distance, making it one of the earliest examples of the technique. The motion is not very smooth at times, but that hardly seems to matter as much as the pioneering use of the technique.
In the second sequence, there is mostly just footage of well-dressed persons walking along the sidewalk. One of the points of interest in movies like this from the 1890s is to see the reactions to the movie camera. Here, almost everyone in both sequences ignores (or pretends to ignore) the camera, except for one youth who walks past the camera, staring at it, no fewer than three times. So this and several other interesting aspects make this simple movie worth watching.