the carding-room to the spinning-room; or in that of coal, which is raised from the mine to the surface. The transport of the finished product (as finished commodity) from one place of production to another, distant from it, does but manifest a similar phenomenon on a larger scale. The transport of the product from one place of production to another is succeeded by that of the finished commodity from out of the domain of production into the domain of consumption. The product is only ready for consumption when it has achieved this process.
COMMERCIAL CAPITAL AND THE WORK OF THE COMMERCIAL EMPLOYÉS
(Extracted from vol. III, part 1, ch. 16, 17, German ed.)
EVERY capital that produces must--as we have seen-- transform the finished commodities into money and the money, in its turn, into Mp and L (means of production and labour); in other words, it must be continually buying and selling. It is, to a certain extent, relieved of these functions by merchants having an independent capital of their own.
Let us assume that a merchant possesses $15,000, and that he buys therewith 30,000 yards of linen from the linen manufacturer. He sells these 30,000 yards at a profit of, let us say, ten per cent. With the money thus obtained he again buys linen, which he again sells. He constantly repeats this operation of buying in view of subsequent reselling, without himself producing anything in the meantime.
As regards the linen manufacturer, he has been paid the value of his linen with the money of the merchant; and, circumstances remaining the same, he can once more buy, with that money, yarn, coal, labour power etc., and continue to produce.
But although the sale of the linen has taken place, as far as he is concerned, this is not the case, as far as the linen itself is concerned. The latter is still on the market, as a commodity