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Foreign News April 23, 1846

The Kalida Venture

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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OCR Quality

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Austria.—As our commercial relations with this country are becoming more and more important, some accounts of its present commercial state may be interesting to those engaged in foreign trade. Austria is yearly extending its foreign trade; and its commerce with the United States, though small, is annually increasing. The Austrian Government is evidently disposed to encourage foreign commerce, as may be inferred from the fact that Trieste, her only seaport of any importance, is free to all goods destined for its consumption, and that of the adjoining territory. Merchandise destined for the interior is subject to the duties of the Austrian tariff; but the duties are very moderate.—Shipping charges are also extremely reasonable. Great efforts are making, by means of railroads, macadamized roads, and improvements in the navigation of the rivers of the empire to develope the resources of the country, and increase its domestic and foreign commerce. A railroad from Trieste to the Danube is contemplated, thus shortening the route from the Atlantic to the Black Sea. The value of our exports to Trieste in 1842 was $384,795: and the trade has been gradually increasing since.—Our imports from that port during the same year were $413,310.

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.

What sub-type of article is it?

Economic Trade Or Commerce

What keywords are associated?

Austria Commerce Trieste Port Us Trade Railroad Development Austrian Exports Manufacturing Industry

Where did it happen?

Austria

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.

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