VALUE OF THE EXPORTS OF THE GROWTH, PRODUCE, AND MANUFACTURE OF THE UNITED STATES DURING THE YEARS

ENDING JUNE 30, 1861, AND JUNE 30, 1862.

We have been favored by the Treasury Department with the official returns for the year ending June 30, 1862, of the value of the exports of the growth, produce, and manufacture of the United States, and have prepared the following table comparing the returns the last year with those of the previous one:

ROCK OIL-VALUE OF FLOWING WELLS.

The Oil City Register says that those who are lucky enough to strike a flowing well secure, at comparatively a small cost, a very comfortable income. The man who owns a fifty-barrel well, at the present price of two dollars per barrel at the wells, has a daily receipt of one hundred dollars. This, too, with but little labor, as the liquid wealth flows into his tanks as water from the ground. But it is not every one who is so fortunate. Many exhaust their means in boring for oil, and in lieu of oil or money, have, as security for their investment, a four inch hole, some four or five hundred feet deep, and obtain water instead of petroleum. But we notice that the most successful operators here are those who exhibit the greatest amount of energy and enterprise in obtaining and taking care of their oil.

EXPORTS OF FLOUR, ETC., FROM CANADA.

The exports of flour and grain from Canada, according to the trade and navigation returns for 1862, were as follows:

The total amount in bushels is 23,098,705, valued at $9,336,228.

JOURNAL OF BANKING, CURRENCY, AND FINANCE.

CITY BANK RETURNS-THE BANK ACT PASSED BY THE N. Y. LEGISLATURE.

THE returns of the banks of the cities of New York, Boston, and Philadelphia all show a large decrease in loans and discounts the past two months, and since the coming in of the new year their circulation has decreased about five millions, as will be seen by the following:

$21,295,214

Showing a total decrease in loans and discounts of......

This drawing in by the banks of their circulation will be found, we think, to have been quite general throughout the country. It has probably arisen from the fear that our courts would decide against the legal tender notes, and they be compelled therefore to redeem their bills in specie. We understand, however, that a case has been submitted to the Court of Appeals of New York State which will be decided in June, involving the question, and that there is every reason to believe the court will hold that the act making the United States currency a legal tender for all debts, etc., is constitutional and valid. If such should be their decision, we may look for greatly increased circulation by the banks throughout the country after

June.

The following is the bank bill passed by the New York Legislature. It has not yet received the Governor's sanction, but probably will:

AN ACT TO AMEND THE BANKING LAWS OF THIS STATE.

SECTION 1. From and after the passage of this act, the securities hereafter to be deposited with the Superintendent of the Banking Department for notes for circulation to be issued to any corporation or joint stock association for banking purposes, or individual banker, shall be stocks of this State and of the United States in the following proportions, that is to say, not to exceed two-thirds per centum in United States stocks, and not less