The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-08-18
MONEY MARKET.

1huIbuuy, mug 1s-o - HA'
The Stock market has been active to-day, and prices
have generally advanced. Harlem per cent Long
Island Farmers Loan l Canton It ohiot; Iii
noisf.
At the new Board there sales Of Governments
Loan at ll4f.
The steamers due have not yet arrived but anxi
ousy expected. Their is likely to have great
effect upon the state Of the market generally.
A few days since made some remarks on the in.
creasing exports Great Britain particularly Of Connec
ticut wares. The Journal of Commerce of yesterday
stated that clocks sent to England, invoiced at
81 so each. and that when the officers Of the Customs
seized them for undervauations agreed to &C.
count the ten per cent advance"
This Is the sneerng and contemptuous manner in
which one OF the most interesting specimens of American
enterprise Is treated by those who should know better
The clocks spoken sold for 81 80 EACH
they introduced in england by ndirection The inge-
nuy of New Enganders has long enabled them not only
to undersell Europe in all articles Of household utility,
butte supply by their industry, many of importance as
yet not known to Europeans The clocks in question
come under this head They have brass works cut by
machinery out Of brass platesmade for that in Con-
nscticut They are fitted up in polished mahogany
frames, In nset manner, aud when finished, form an
eight day timepece, which cannot be rivaled in the
world for accuracy. These articles have long been
Known to the public of this country, but are stran
gers TO Europe, until introduced there in the
spring of ls4l by the firm OF Sporty and Shaw,
No. Courtandt street. The first invoice was
taken as an experiment. The duty is 90 per cent in
England. The establishment with which these specimens
Of American work viewed very great net only
for the beauty and excellence Of the clocks themselves
but the beau ul and enduring polish Of the excited
great admraticn and is perfect novelty there and
no. yet be initiated This first invoice sold at from "a to
hot af 1y ,aoa
packet to England carried invoice but large quantities
have been sent to the north Of Europe and the late India
bound ships have also taken considerable quantities.
They are also finding their way into all the ports Of
Europe great profit to the ensrprispg makers The
amount shipped since the first experiment in 1871 has
been 600 clocks, which, at $20 reaches the i'm
porant of and stands tho article Of
rice in exports OF American produce. The number of
these clocks manufactured annually in Connecticut is
$780, 000 Messrs. Sperry Shaw turn out 800 per week
in this city The manufacture in its Importance far
ceeds that of many, the conductors Of which
clamorng for protection" because their skill and
prise is not sufficient 10 sustain them ans the supe
rority of Europeans. An important business has grown
up without protection enid the of the brainless
and bids defiance to the competition of the world covered
by the natural protection of the American people, which
consists alone in their unmatched enterprise and industry
They do not Ego round with the hat" whining to their
fellow citizens for aims in the shape of taxes for their
benefit They throw down the gauntlet and reposc with
manly confidence on their own resources.
It nearly the close Of the crop year, and the
present tariff has been in operation nearly twelve
months Probably in the history of the whole govern
ment there has been year Of greater real wealth.
accompanied by less activity in trade than that which
has distinguished the past twelve months Prices sank
heavily from the first of September to the opening of the
spring trade in most Of the leading articles The fol-
lowing comparative table of the prices at New Or.
leans d three periods =