The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-08-09
MONEY MARKET.

Saturday, August SO p. M.
The market Is fat and prices very unsettled We
have change of consequence to report Canton fell
of per cent Morris Canal went up 4 Reading y
Norwich Worcester closed at yesterdays prices. At
the second board the sales SMALL with slight i'm
provemen. In prices Norwich went up " and Morris
u per cent.
a dividend Of 50 so per share.
The Trustees of the Girard Bank have transferred
their trust to the Board of Directors and that institution
will 20 into active operation Monday.
The annexed statement exhibiting the extent and de-
scrpticn of cotton manufactures in Switzerland
lated from the report of the Commissioners of the Swiss
COME deration exports and with foreign
countries. The difficulties under which the Swiss labor
in getting their manufactures to market and the success
they have met WITH notwithstanding these difficulties
show that Switzerland must before the lapse of many
years, require large supplies of the material.
Corror MANUFACTURES IN SWITZERLAND
Cotton the most important manufacture of Switzer
land II gives employment to the greatest number of
hands and its various branches is spread Of
the cantons. 1t was easily domiced in Switzerland,
even inducing workmen employed in the wooen and
linen manufactures to leave the two latter employments
and turn to the produce Of cottons.
In the first instance cotton &c DDS imported from
the East Indies and only during the last century
they produced in England and shortly after in Switzer
land in the middle Of the last century yarn was first
spun in england by machinery. The first spinning
tinental system. Owing to the exclusion of all Swis
cotton goods. which the prohibhive system of France
has been extending since the of this
entury, end similar pursued by the Italian
states the position of this manufacture has been Of
great difficulty On the hand the raw material can
only he obtained with great trouble by circuous routes
through foreign countries and the other hand, the
sale Of the goods in the neghborng markets
necessity the swiss cotton trade was compelled to seek
foreign and distant markets. these selfsame hostile
laon assisting to increase and to spread the trade they
vverc uteni I'D 10 crush.
At the conclusion of the peace 1876 the position of
the trade became still more Precarous From the open
ing Of trade the whole Of the continental states
flooded with English manufactures especially of cotton
To such extent this the case that all goods
suddenly deprecated to third of their former value
In every market the powerful competition of England
was TO be met. England 0vas striving to back by
the course Of the war thus. switlersnds greatest ad
vantage from the peace principally in the increased
security and facility of visiting the markets beyond the
ses.
At this period the manufacture appeared be doomed
and humiliation certain. England continued to pour
competing successfully with the Swiss yarn not only on
account Of its extremely of production, but II
enjoyed a the advantages of superior reputation
Thus the same priced English yarn had the preference
Swiss
STILL during this very struggle for existence the Swiss
ing herself to the lower and numbers of yarn
ENGLAND still supplying the higher ones) by
pcfectng and improving the machinery, t last, not
only she enabled without the shadow of pro-
tecton) 10 supply the whole oil her home consumption
but benecisy to compete with the English yarn
in the foreign markets Thus we fad the Swiss manu-.
acure had not only emancipatcd itself from the compe
ton OF the English in Switzerland but had also sur
vived through all those periodical depressons aud low
prices to which the English market had been subject
and established for itself celebrity that similar but
protected trades in other European countries may in vain
strive alter The spinners Of other countries with all
their protection, cannot compete with the English inn
portaon and in other state does the native produce
meetfhe English an equal footing The deveope.
nent of the Swiss cotton manufacture may be adduced
ms bright example Of the perfect success OF free CON-
petition Of the energy of the Swiss people, and Of the
industrious habits Of the nation.
In spite of all those prohibve systems which have
continued asonishingly to increase the largest facto
res lave been built the conclusion Of the German
Zoverein still IL must be allowed that the position Of
me uade has OF late been If considerable difficulty
am cat Efforts are required to sustain its high position
chiefly owing to the strong internal competition and the
oimeuity OF nnding sale In foreign markets. This
state oil things has compelled some of the smaller
acurers TO suspend their operations their goods
necessarily produced at higher cost than the larger
establishments and even these latter will find themselves
severely pushed the German Zollverein ain raise the
duty on foreign twist-an event they have already
Threatened.
There l3l cotton yarn manufactures in svitzer.
land containing than ego 900 spndles Of all num-
bers the majority ranging from Nos. 80 to 40 these
produce annually upwards Of 900 cwts, and coIec
lively they employ 10000 souls by far the largest nor
ton Of this is consumed at home the principal export is
to the states OF the Zollverein
The import Of cotton wool was, in
1sil. ................. l945e4 cwt
1872. ........ .... .22slw
The import of twist is very unmporant and ONLY in
the highest numbers.
There are IS power loom establishments which yield
10000 pieces OF cloths annually and employ 1000 mon
further supplies these latter may require imported
from France and England the greater portion Of the
cotton cloths being still produced By the hand loom