CASH DUTIES RECEIVED AT NEW YORK FOR FIVE MONTHS FROM JANUARY 1ST. In April ..... 2,547,582 52 2,447,634 07 3,348,252 14 3,168,490 21 .... 2,544,640 16 1,952,110 86 2,852,853 56 3,243,164 41 Total......... 14,487,479 98 12,017,632 65 17,326,606 17 17,385,353 93 The receipts for duties at the Custom House in Philadelphia, for the month of May, amount to $328,422 95, which is a slight increase over the corresponding month last year. The following is a comparative statement of the receipts for five months in the present and past two years:— The exports from New York to foreign ports, for the month of May, (exclusive of specie,) are $1,402,131 greater than for the same month of last year, $1,396,598 greater than for the corresponding month of 1852, and $1,422,875 greater than for the same period of 1851. EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR THE MONTH OF MAY. Foreign merchandise (dutiable)... Total exports.... Total, exclusive of specie ..... $9,382,573 $6,737,808 $7,059,649 $9,950,939 4,876,438 4,902,715 4,897,182 6,299,313 The exports of specie are larger than for the saine month in each of the last two years, but not as large as for May 1851. The reshipments of foreign produce have been on a more limited scale. We also annex a summary statement of the exports of the same port since January 1st. EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR FIVE MONTHS, FROM JANUARY 1ST. $33,341,060 $29,979,806 $27,990,507 $40,101,079 20,709,912 20,912,152 22,599,807 29,083,895 It will thus be seen that the exports from New York, exclusive of specie, since January 1st, are $6,483,588 in excess of the total for the same time in 1853, $8,171,243 in excess of the first five months of 1852, and $8,373,483 in excess of the corresponding total in 1851. It will be interesting in this connection to look at the shipments of some of the leading articles of domestic produce, and we annex a comparative total from January 1st to June 17th, in each of the last two years: EXPORTS FROM NEW YORK TO FOREIGN PORTS OF CERTAIN LEADING ARTICLES OF DOMESTIC PRODUCE, FROM JANUARY 1ST TO JUNE 17TH: Coal..... Cotton... 562,790 2,055,655 Cheese ... Hay. 22,269 43,315 Provisions- Pork.. bbls 36,113 42,182 Beef.. 30,365 34,893 Cut meats.....lbs.4,632,995 10,791,452 813,356 1,062,330 .1,956,017 7,513,293 Hops. 1,900 .3,900,663 7,286,097 .trcs 7,172 15.409 ....lbs1,063,688 1,733,657 142,091 Tobacco, crude...pkgs 10,478 19,636 1,689 Do., manufactured. lbs2,857,413 1,315,139 475 Whalebone .........1,850,323 750,644 The most noticeable difference in the above is in the shipments of corn and provisions, the increase in some cases being three or four hundred per cent. There would have been a large increase in the shipments of wheat, but for the scarcity of this grain, the supply reaching the seaboard not having been sufficient for local millers, and the price of prime white wheat in the city of New York, has been $2 50 and upwards. The month of June will show a less comparative increase, the supply of domestic produce at the seaboard, with a few exceptions, not being sufficiently large to bring the prices within the limits of orders for shipment. Much interest will be felt in the official statement of the imports and exports for the fiscal year ending June 30th, but it will be some time before that can be published. Enough is already known to leave no doubt of the fact, that the total of each will be larger than ever before known in the history of the country. It is a singular fact, that notwithstanding the very large increase in the receipts of foreign goods at New York for the last eleven months, the increase in the exports, exclusive of specie, nearly balances them, while including the specie, the exports are far greater. This will fully appear in the following compari son: IMPORTS AND EXPORTS OF MERCHANDISE AND PRODUCE AT NEW YORK, TOGETHER WITH THE EXPORTS OF SPECIE, FROM JANUARY 1ST TO MAY 31ST. The same increase in either imports or exports, will not be found at other ports, but it is well enough to bear in mind that while over two-thirds of all the foreign imports of the country are received at New York, only about one-third of the foreign exports clear from thence, so that the total exports from the United States for the fiscal year ending June 30th, may, and probably will, nearly or quite equal the imports, presenting the most important commercial summary ever exhibited to the country. THE NEW YORK COTTON MARKET FOR THE MONTH ENDING JUNE 19. PREPARED FOR THE MERCHANTS' MAGAZINE BY UHLHORN & FREDERICKSON, BROKERS, 148 PEARL STREET, NEW YORK. The month under review has been an unsatisfactory one for those engaged in cotton. To the exporter the returns have been disastrous, and to the receiver here the range of prices has been much below the cost of the article. In accordance with orders from the South, backed by the views of holders here, large quantities of cotton have been shipped from first hands to Europe, in anticipation of meeting a better market there than could be calculated on here. The amount taken somewhat relieved holders, and towards the close of the month, under more favorable Liverpool advices, the market closed with an upward tendency. For the week ending May 22d, our market was without tone, and prices extremely irregular; the transactions were at a decline of c. on quotations of the previous week, spinners and shippers being the principal purchasers. At the close of the week more steadiness was observed, and the following quotations were paid for strict classifications: PRICES ADOPTED MAY 22D FOR THE FOLLOWING QUALITIES: The week ensuing the demand was kept up by large parcels being either withdrawn or shipped on owners' accounts. Our own manufacturers, (who are quite bare of stocks,) bought freely; the transactions, however, were not sufficient to advance prices materially, and holders met the demand without advancing rates. The week closed quiet but firm at the annexed quotations: PRICES ADOPTED MAY 29TH FOR THE FOLLOWING QUALITIES: This week opened with but little inquiry, and large offerings gave buyers the advantage in price. The sales were small, and confined to lots pressing on the market. A decline in freights and an advance in exchange offered no inducements to exporters, and the transactions of the week were at very irregular prices, the market closing heavily, and quotations almost nominal. The total sales for the week we estimate at 6,500 bales, there being no other mode to arrive at the correct result, as the following resolutions, adopted by the New York Cotton Brokers' Association, at their meeting held May 29th, leave us without the means of acquiring the usual official report: Whereas certain members of our board have withdrawn, we are now unable to give an accurate report of the daily transactions; therefore Resolved. That hereafter the official daily report of sales be discontinued; and Resolved, That the standard of classification be maintained, and that we meet every Monday morning to determine quotations. The necessity of the above action is, in a measure, to be ascribed to the stringent rules governing the members of the association, they being compelled, by a fine of five dollars, to report their daily transactions, even when, as was often the case, such a course would conflict with the interest of their buyers. The association seemed formed to give "aid and comfort" to sellers and ship-owners only. The articles of association will have to be materially altered before it will have upon its roll the names of all the cotton brokers of the city. Estimated sales during the past week, 6,500 bales. PRICES ADOPTED JUNE 5TH FOR THE FOLLOWING VARIETIES:— For the week ending June 12th but little interest was felt in cotton. The foreign advices continued of a gloomy character, and the future prospect for a return of an investment was too uncertain for consideration. And, as is always the case when the market declines in Liverpool, the standard of classification is lowered, and sales of 'good middling" and upwards bring but a middling price. In fact, a stricter adherence to grade is maintained in New York than in Liverpool; this change of classification is now so common an occurrence at the latter place, that the usual reliance is not placed in their reports, either in an advancing or a declining market. 46 The sales for the week are estimated at 5,500 bales, and do not include partial sales or shipments from first hands-market closing without spirit at the annexed quotations: PRICES ADOPTED JUNE 12TH FOR THE FOLLOWING QUALITIES: The transactions for the week ending June 19th were large and at advancing prices. The slightly improved tone of the Liverpool market, as advised per Pacific and Arabia, gave an impetus to the trade and increased value to the article to the extent of fully §c. a c. per lb. on all grades. For France and the continent the business has been extensive, including some large parcels from first hands. Our stock is now, from the above causes, much reduced, and does not exceed 45,000 bales unsold. We estimate the sales at 12,000 bales, market closing firm at the annexed quotations for not an over strict classification: PRICES ADOPTED JUNE 19TH FOR THE FOLLOWING QUALITIES:— GROWING CROP. The weather for the growing crop has been all that could be desired for the past six weeks. A good stand has been obtained, and the damage by frosts in the early part of the spring in a great measure remedied. JOURNAL OF BANKING, CURRENCY, AND FINANCE. PUBLIC DEBT OF THE UNITED STATES. The following statement of the Register of the Treasury shows the date of the acts of Congress authorizing the issue of the several loans of the United States, the Texas indemnity, when redeemable, the rate of interest, the amount redeemed from the 4th March, 1853, to the 6th May, 1854, inclusive, the premium paid, the amount outstanding, the amount purchased of the debt of the corporate cities of the District of Columbia, the premium paid, the amount outstanding, the Treasury notes outstanding, and interest due and unpaid upon the old funded and unfunded debt : CONDITION OF THE BANKS OF OHIO IN MAY, 1854. In the Merchants' Magazine for May, 1854, (vol. xxx., pages 605-607,) we gave a statement of the condition of each bark in the State of Ohio, as taken from the returns made to the Auditor of State-furnished to our hands by that officer-on the first Monday of February, 1854. We now give a summary view of the condition of the banks of that State on the first Monday of May, 1854: |