The exports, exclusive of specie, since January 1st are only $1,779,946 less than for the same period of last year, are $2,983,370 larger than for the same period of 1853, and $8,388,819 more than for the same period of 1852, as will appear from the annexed comparison : EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR SEVEN MONTHS FROM JANUARY 1ST. 1852. 1853. 1854. 1855. Domestic produce.... Foreign merchandise (free)...... Total exports.... Total, exclusive of specie .... $43,994.156 $46.383,691 $57,675.732 $56,785,586 28,398,648 33,804,097 38,567,413 36,787,467 We do not think that the exports for August will fall very largely behind the total for August of last year; while the imports for August will probably show a further very material decline, as the corresponding month of last year was one of very large receipts. After August, we look for a large increase both of imports and exports, but especially in the former, down to the close of the calendar year. We annex a comparative statement, showing the relative shipments of some of the leading articles of produce since January 1st: EXPORTS OF CERTAIN ARTICLES OF DOMESTIC PRODUCE FROM NEW YORK TO FOREIGN PORTS FROM JANUARY 1ST TO AUGUST 20TH: The above presents some interesting features. The exports of wheat flour have been only about one-third of the total for the corresponding period of last year. The clearances of wheat, which for the same time last year reached one million-and-a-half of bushels, are this year less than one hundred thousand bushels. The exports of Indian corn have increased. Pork and beef have also been shipped in larger quantities, and cheese has gone forward more freely. Cheese. 34.259 Lard.... 6,178 Fallow... ...... With our wide extent of territory and cheap lands, we ought to contribute largely toward furnishing food for the world. This we shall do, doubtless, more in the future than we have done in the past. We have hitherto been too indifferent in this country in regard to the reputation of our shipments of produce. Pork, beef, and bacon have been, in many instances, badly prepared for market, and even our cereal grains have been shipped in too green a state to keep during the voyage. Our shippers are now becoming more sagacious, and we shall soon take the place in this branch of trade, for which the soil and climate of the country peculiarly fit us. NEW YORK COTTON MARKET FOR THE MONTH ENDING AUGUST 24. PREPARED FOR THE MERCHANTS' MAGAZINE BY UHLHORN & FREDERICKSON, BROKERS, NEW YORK. Under the influence of freer receipts, improved prospects for the growing crops, and declining markets abroad, our market since the close of our last report on the 20th ult. has been "flat, stale, and unprofitable." But little interest has been manifested for the article-our own spinners have bought only sufficient for their immediate wants. With speculators, the inducement to purchase has not been sufficient, owing to the absence of general export demand, and the few purchasers to be found in the city during the summer months. The quantity shipped abroad during the past month has been large, but it was principally on Southern account, and from first hands here. The quantity in the hands of our own manufacturers is represented to be small, while the weekly takings by the trade from the Liverpool market show that spinners abroad are far from being well stocked. The foreign advices of the past month were disappointing in their character. It was certainly expected that prices would advance under the rapid decrease in exports and decreasing stocks here, while the accounts hence of the growing crop were not of so favorable a character (owing to the great quantity of rain) as to induce spinners to reduce their stocks on hand, in hopes of being relieved by early receipts of the new crop; yet with these prospects and consumption not impaired, prices abroad have declined ‡d. a §d. per lb. The first bale of the new crop was received at New Orleans on the 26th July from Texas, and graded inferior. Last year at the same time and place the first bale of the crop just closing was also received. The receipts of new cot on this year have been 4,000 bales at New Orleans alone. Early receipts, however, form but a poor criterion on which to form a judgment in regard to the extent of the crop. The sales for the week ending July 27th were estimated at 4,500 bales. The increased firmness on the part of holders, owing to favorable foreign advices, checked the demand, and buyers were not disposed to go on at the advance asked. With but little on sale the market closed firmly at the following quota tions: PRICES ADOPTED JULY 27TH FOR THE FOLLOWING QUALITIES: Large transactions took place during the week ending August 3d, principally on Southern account-the sales being estimated at 10,000 a 12,000 bales, at a slight improvement in price on the lower and upper grades. Much confidence was felt in a higher range of prices, and holders at the close were indifferent about selling even at the annexed rates, at which the market closed firm: PRICES ADOPTED AUGUST 3D FOR THE FOLLOWING QUALITIES: The market for the week ensuing was sustained with much firmness, the transactions being limited to 9,000 bales by the small amount on sale. The bulk of the week's operations were for export and on speculation. The purchases for the home trade being only for their immediate wants consisted of a few hundred bales. Our own spinners have operated sparingly during the past two months, and must become free purchasers of the new crop now about being received. The following are the rates at which the market closed firmly : PRICES ADOPTED AUGUST 10TH FOR THE FOLLOWING QUALITIES: : For the week ending August 17th the inquiry was limited, the sales not exceeding 5,000 bales. Holders, however, offered no inducements to purchasers, believing that the small stocks both here and at the receiving ports would be required at an enhanced price before any accumulation of the new crop would materially affect prices. This, together with the calculation that a good cotton crop is difficult to be made out of a wet season, offered no inducement for them to part with their stocks, even under the unfavorable foreign advices to hand. The week closed quiet at the following quotations: PRICES ADOPTED AUGUST 17TH FOR THE FOLLOWING QUALITIES:— The market for the week closing at date ruled rather heavy, the sales not exceeding 4,000 bales, at prices a shade in favor of buyers. The cotton year closing on the 1st September, is also a point with many to clear out old stocks, preparatory to a recommencement on the new crop. The market closed quiet at the following: PRICES ADOPTED AUGUST 24TH FOR THE FOLLOWING QUALITIES:— JOURNAL OF BANKING, CURRENCY, AND FINANCE. CONDITION OF THE BANKS IN THE CITY OF NEW YORK. Mr. GEORGE D. LYMAN, the efficient manager of the Clearing House in the city of New York, has furnished for publication the following complete table, showing the movement of the banks of the city since the weekly statements were ordered by law of the State of New York. In a future number of the Merchants' Magazine we shall give a similar statement of the banks in Boston since the act of Massachusetts took effect: First statement made under the law requiring the banks to make a weekly statement. + From this date the statement has been made up at the Clearing House in a tabular form, and farnished to the press. |