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COMPARATIVE TABLE OF THE PRINCIPAL ARTICLES EXPORTED TO FOREIGN PORTS FOR THE PAST TWO YEARS.

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ANNUAL REPORT OF ROB'T WILLIAMS & SON, BROKERS, BOSTON.

The import of saltpetre into this market the past year, is less than of the preceding year by 11,104 bags; and into the United States by 12,360

bags. The article, early in January, was rather quiet, with small sales at 12 @ 13c. per lb. Towards the close of this month accounts were received of the removal of the prohibition to the export of the article from Great Britain, and the market closed dull at 11 @ 114c. per lb. On the 21st day of February we received advices that the prohibition of the export of the article from India took effect there on the 3d of January, and that not only was the export prohibited, but that all the saltpetre on shipboard was ordered to be relanded. Owing to this interruption of the trade, and the consequent prospect of small supplies, large sales were made to manufacturers at 11 @ 124c. per lb. cash, and the article closed firm, with an upward tendency. In March and April the article was rather quiet, and prices were somewhat lower. In May moderate sales were made at 11c. cash, to 13c. 6 mos.; and the market closed firm, the prospect of largely increased duties causing holders to show but little disposition to sell, except at advanced rates. About the 15th of June, some 10,000 bags, mostly to arrive in New York, were taken quietly by the government; this caused some demand for speculation, and considerable sales were made here, and to arrive, at full rates. The uncertainty in regard to the new tariff, the high rates of exchange, and the reduced stocks, caused much firmness in the article. Our stock, at the end of this month, was about 2,000 bags, and holders, to arrive, refused to sell except for "cash in bond." Early in July, the passage of the new tariff, making the duty 2c. per lb. on all saltpetre that arrived after 1st August, was announced, and the market continued firm through the month, with fair sales at full prices. In August we had a good demand, and the sales were large at 13 @ 134c. cash, and a prize cargo of superior, by order of the United States Marshall, at equal to 15c. per lb. cash. On the 28th of August our stock was reduced to 900 bags, the lowest point for the year; but four cargoes arrived at once after this, and our stock, on the 1st September, was 6,400 bags. In September the sales were liberal, at 13c. cash, and continued at about this rate until the 15th October, when the extreme rates for exchange, say 45 per cent, and of demand notes, and the greatly diminished shipments from India, caused more firmness, and the article was in favor with manufacturers and speculators, and prices gradually advanced, and on the 1st of November were fully 15c. per lb. cash, and at this rate large sales were made through November. In December the demand was fair, with considerable sales to manufacturers, at 15c. cash. Holders were somewhat firmer on account of the destruction of the ship T. B. Wales, with 1,704 bags, from Calcutta, by the Alabama, and the probable loss of the North Atlantic, with 5,332 bags, and the market closes firm at 15c. per lb. cash.

The imports from Calcutta into the United States, for the year, have been

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In addition to the above, there has been imported from Europe into

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Total imports into the United States for 1862.

Total imports into Boston....

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66 New York.

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89,273

55,222

31,751

2,300

7,855

4,000

1,500

There has also been imported into the Philadelphia market, about 40,000 bags of saltpetre on government account from Europe, and some further lots on same account in New York. The bulk of the stock now in New York is owned in Boston. There has been no demand for export through the year.

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There has been several sales of prize cargoes by order of the United States Marshal, through the year, in New York and Philadelphia.

The stock in Boston, at this time, is 7,855 bags, against 8,200 in 1862; 12,000 in 1861; 8,286 in 1860; 17,468 in 1859; 25,260 in 1858; 13,100 in 1857; 8,395 in 1856; 15,144 in 1855.

The quantity on the way, up to the last dates, November 18, from Calcutta, is 29,990 bags. Including the North Atlantic's cargo, referred to above, and the quantity loading at the same time for the United States was 8,744 bags. The large manufacturers have imported heavily through the year, and it is supposed that considerable of that to arrive the new year will be on government account.

JOURNAL OF BANKING, CURRENCY, AND FINANCE.

THE BANKS OF ENGLAND AND FRANCE.

INDIA TRADE VS. BULLION RESERVES.

THE unusual cotton trade with India is working out its natural results so rapidly, that Europe is already begining to feel the beauties of a monetary crisis. Great Britain has been left with a balance against her and in favor of India for the last nine months of over 50,000,000, to be paid in specie, and the continued arrivals of cotton at the present high prices does not argue any immediate relief. We have drawn the attention of the readers of the Merchants' Magazine from month to month to the steady drain which has been in action on the bullion reserves of England. For instance, up to 7th of January there was a decrease of £3,812,888, and since that time the bank reserve has continued to grow no better very fast, until on the 28th of January the minimum rate of discount was raised 5 per cent, and the drain appears to have been temporarily checked. The Bank of France too is of course involved in the same difficulty, and has raised its rate of discount to the same point--in fact, it moved first and England followed. Seven months ago the bullion reserve of these two banks stood as follows:

Bank of England July 30..

Bank of France July 10..

£18,448,443

15,688,876

Total reserve of both banks in July, 1862 ......

£34,137,319

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Thus it will be seen that there has been a loss to these great specie reservoirs during the last seven months of about £10,000,000. If this India trade is to continue at the same rate, we cannot but look for greater disturbance in the European money market. Whether these banks will be driven to suspend specie payments before the year is up, as some predict, we would not undertake to say. Certainly we wish them no evil, but still it is very gratifying to know that the financial writers over the water will have something to talk about, for the present at least, nearer home, than our money troubles.

BANK OF ENGLAND.

We bring down our Bank of England returns this month to the 4th of February. It will be seen that during the last four weeks the rate of discount was raised twice, and the final effect has been to make the bullion movements more satisfactory. An increase is reported for the last week of £80,313.

The following comparative table will be found of interest, affording as it does, a view of the bank returns, the bank rate of discount, and the price of wheat in London during a period of three years corresponding with the date of our last returns, February 4th:

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4th, 1863:

11,832,836 7 per cent.

55s. 6d.

21 p. cent.

60s. 2d.

8,271,591

13,692,136

5 per cent.

478. 11d.

Subjoined is our usual table with the returns brought down to February

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Dec. 17.... £19,932,360 £8,507,144 £14,0 33,994 £30,539,363 £15,031,658 3 pr. ct.

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21,018,849 4,280,730 16,772,782 31,165,075 14,102,169 4

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20.893,931 4,965,798 14,998,225 30,227,086 13,855,849 4 28.... 20,771,236 5,416,863 14,414,763 30,238,865 13,611,823 5 Feb. 4.... 20,709,154 6,351,617 13,852,287 29,997,233 13,692,136 5

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NEW YORK BANKS.

There are no changes of moment in the returns of the New York Banks the past month. We continue our usual table to and including the statement for the week ending February 21.

CITY WEEKLY BANK RETURNS.

NEW YORK BANKS.

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(Capital, Jan., 1863, $69,494,577; Jan., 1862, $69,493,577.) Loans. Specie. Circulation. Net Deposits. Clearings. $173,810,009 $35,954,550 $9,754,355 $159,163,246 $186,861,762 175,816,010 36,770,746 9,551,563 162,878,249 249,796,489 176,606,558 37,581,465 9,241,670 164,666,003 314,471,457 179,288,266 38,549,794 9,083,419 168,269,228 298,861,366 179,892,161 38,243,839 8,780,154 166,342,777 302,352,571 173,103.592 38,426,460 8,756,217 167,720,880 265,139,104 178,335,880 37,981,310 8,752,536 170,103,758 291,242,929

BOSTON BANKS.

We continue our Boston bank returns through the month of February.

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