Economic Result of Immigration

CAUSES OF HIGH PRICES.— A correspondent of the New York Express attributed the enhanced value of bread stuffs, and provisions generally, to causes independent of speculation, and considers it the natural result of the arrival of eighty to one hundred thousand emigrants from Europe, who became laborers on our rail-roads, canals, and buildings, and in our manufactories, and consequently, consumers of provisions, and not producers. To this is added, the immense emigration of the slave population of the old slave-holding States, where they were producers of these articles, to the South, where they become consumers of the same articles, and producers of another article, (cotton,) the price of which is regulated by a foreign market. From these facts, it is assumed as evident to all, that at least in every section of the country where comerce and agriculture are prosperous, manual labor, and all articles that enter into consumption, together with real estate, must always be high, and always meet with ready sale.