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Kalida, Putnam County, Ohio
What is this article about?
Report on Austria's growing foreign trade, especially with the US, highlighting free port status at Trieste, moderate duties, infrastructure improvements like railroads, and 1842 trade figures: US exports $384,795, imports $413,310. Encouraging prospects for American goods amid expanding Austrian commerce and manufacturing.
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Full Text
An American writer of great judgment and ability, now in Vienna, speaks very encouragingly of internal and external commerce of Austria, and of its growing trade with the United States. He thinks the prospect for an increasing demand for American productions very encouraging to our merchants and cotton planters. The principal articles of export are grains, silks, wines, furs, quicksilver, cinnabar, iron, lead, copper, brass, litharge, alum, &c. The articles of import are sugar, coffee, dye-stuffs, cotton goods, cotton yarn, fish, and a host of other articles. The internal commerce is very flourishing; and when its extensive projected railroad system, a part of which is already finished, is completed, it must not only be greatly augmented, but also its foreign trade. McCulloch says there were in 1834 in Austria 11,064 registered manufacturies, of almost every description, giving employment to 2,330,000 people, and producing manufactures to the value of 1,250,000,000 florins. Since that time a system of internal improvement has been commenced in a manner calculated to give new vigor to manufacturing industry and to increase the importance of her foreign commerce.—Salem Gazette.
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Where did it happen?
Foreign News Details
Primary Location
Austria
Outcome
us exports to trieste in 1842: $384,795; imports: $413,310. trade increasing annually. 1834: 11,064 manufacturies employing 2,330,000, value 1,250,000,000 florins.
Event Details
Austria's foreign trade is expanding, including with the US. Trieste is a free port for local consumption with moderate interior duties and low shipping charges. Infrastructure improvements via railroads, roads, and river navigation aim to boost commerce. Planned Trieste-Danube railroad to shorten Atlantic-Black Sea route. American writer in Vienna optimistic about growing US-Austria trade, especially for American productions like cotton. Exports: grains, silks, wines, etc. Imports: sugar, coffee, cotton goods, etc. Internal commerce flourishing with projected railroads.