The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-11-19
MONEY MARKET,
Saturday, Nov. i

Things look more encouraging to-day. Stocks are up
and the sales quite large Time operations made
higher prices than. cash sales Long Island went up
II per cent New Jersey stonington, l Mohawk l;
Ohio 6s 1850 10000 Ohio rs, sold at 1851 The sales
of State securities to a heavy amount
The Eugena, from Vera Cruz, brings $50 900 in spe
Gle
Money continues very abundant, and the amount seek
ing investment is increasing every day.
The domestic manufactures of this country
progressing very rapidly. They spreading the
whole Union, and few years will suffice to thorough
ly abolish the southern preudces against the north
protective tariff will have the effect the south
the north the interests Of the whole country will agrees
the gradual extension of capital will build up extensive
establishments in Louisiana and Georgia in Massachu
sets and Connecticut
As evidence of this let compare the progress Of
domestic industry in the different States.
The five New England States have invested in Massa
chusetts Ss6s74229 of which SS5 800 is in cotton
factories giving constant employment TO 1884 opera
tives.
The single state of North Carolina has twenty cot
ton factories in active operation, employing capital of
81 ,O5O, 900, giving employ to 200 people.
The State Of Virginia is only little behind Nassachu.
the amount of capital employed in domestic indus
try She has advantages unequaed by any other State in
the Union The material her manufactures convert
cotton ion hemp lead and wool there produced in
great abundance The quality and extent Of her tobacco
crop not surpassed in any single State in the Union
great per cent Of which manufactured into chewing
bacco in the immediate vicinity Of its production. Her
cotton factories bales Of cotton annually
The total capital invested in the important manu-
facture of Rc hmond, is about So 100000.
The town of Petersburg has eight cotton manufacturing
establishments in full operation She has also three
A.,,r.
fixed capital Of 100000 in cotton manufactures,
Sl25 900 in Touring mills and 81 100000 in tobacco manu-
| factories.
Wheeling, with population Of 10000 inhabitants.
has about establishments the manufacture do
nestle goodsrasng annually 23 900 bushels coal and
giving employment to than 100 persons yielding
annual product worth 81 OOO Her chief manufac
lures iron castings bar iron and glass Near Wheel
ing and in the vicinity of Richmond 100000 bushels of
coal raised annually Near Richmond alone the
tity raised exceeds 200, 900 bushels.
The small of Fredericksburg has several iron and
woollen manufactures, which with Touring and other
mills employ a capital of about S25OOOo.
Lynchburg This large and fourishing town. with
1000 inhabitants is place of large operations the
acture of tobacco iron -four cotton &c. amounting TO
several millions of dollars annually In the four principal
towns Of the State than Sl 0O0 900 employed
up millions upon millions Of produce only in
the establishments themselves in the material but in
the consumption oagrcuural poductsby the thousands
ofindviduals engaged in them The west is rapidly APP
preaching the condition In that section, individu
ais obliged to contend snglehanded with all the diff
cues arising from the Of capital and the absence
| Of markets.
In few years our manufactures will not require pro-
tective tariff Competition will soon reduce prices to
point that win enable to undcrsell foreign fabrics
| IL allowed free entry.