Thethirdandlastofthethreeportionsintowhichthegeneralstockofthesocietynaturallydividesitself，isthecirculatingcapital;ofwhichthecharacteristicis，thatitaffordsarevenueonlybycirculatingorchangingmasters。Itiscomposedlikewiseoffourparts:
First，ofthemoneybymeansofwhichalltheotherthreearecirculatedanddistributedtotheirproperconsumers:
Secondly，ofthestockofprovisionswhichareinthepossessionofthebutcher，thegrazier，thefarmer，thecorn—merchant，thebrewer，etc。，andfromthesaleofwhichtheyexpecttoderiveaprofit:
Thirdly，ofthematerials，whetheraltogetherrude，ormoreorlessmanufactured，ofclothes，furniture，andbuilding，whicharenotyetmadeupintoanyofthosethreeshapes，butwhichremaininthehandsofthegrowers，themanufacturers，themercersanddrapers，thetimbermerchants，thecarpentersandjoiners，thebrickmakers，etc。
Fourthly，andlastly，oftheworkwhichismadeupandcompleted，butwhichisstillinthehandsofthemerchantormanufacturer，andnotyetdisposedofordistributedtotheproperconsumers;suchasthefinishedworkwhichwefrequentlyfindready—madeintheshopsofthesmith，thecabinet—maker，thegoldsmith，thejeweller，thechina—merchant，etc。Thecirculatingcapitalconsistsinthismanner，oftheprovisions，materials，andfinishedworkofallkindsthatareinthehandsoftheirrespectivedealers，andofthemoneythatisnecessaryforcirculatinganddistributingthemtothosewhoarefinallytouseortoconsumethem。