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The decrease of Eastern notes is, to some extent, due to the fact that the circulation sent out by arrangement with railroads for Western circulation returned upon them, and was, in fact, a reduction of Western currency. Otherwise, the local currency at the West seems to have been reduced in a ratio less than the other sections, and, perhaps, precisely for the reason that that section has paid up less. The business of the season has, thus far, not been active, but prices have been well maintained. There has been a struggle between the want of goods and the indisposition to submit to the terms of diminished credit that have been persisted in; while on the other hand, the small make of goods has afforded ground for higher anticipation; the more so, that the cheapness of food in England and Western Europe is likely to enhance the consumption of merchandise. The decline in goods entered for consumption, as well as those entered for warehouse, continues to manifest itself in a marked manner. Not only dutiable, but free goods, diminish in the aggregate, and the receipts at the port are barely half those of the same period last year, as follows :

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Total entered at the port........ $16,308,947 $25,716,332 $35,800,206 $18,505,747 Withdrawn from warehouse....... 2,029,164 2,187,337 10,470,820 3,164,538 The quantity thrown upon the market was still less, as last year it included $10,470,820 withdrawn from warehouse, while only $3,164,538 were so entered for this year. Thus the total on which duties were paid was $36,513,560, while this year only $17,178,107 of merchandise was thrown upon the market.

The value of foreign goods entered at this port during the first seven months of the current year is $76,439,252 less than for the corresponding total for 1857, and $53,727,860 less than for the same period of 1856 :—

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FOREIGN IMPORTS AT NEW YORK FOR SEVEN MONTHS, FROM JANUARY 1ST.

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Included in the imports at New York, for the month of July, were dry goods amounting to $7,599,039, being $13,330,542 less than the total for the corresponding period of last year. The total thrown upon the market shows a still greater difference, as will appear from the following comparison :

IMPORTS OF FOREIGN DRY GOODS AT NEW YORK FOR THE MONTH OF JULY.

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Total thrown on market.... $9,369,567 $13,464,935 $24,314,337 $7,908,560

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Total entered at port....... $9,168,504 $13,816,429 $20,929,581 $7,599,039

This makes the total receipts of dry goods at New York, since January 1st, $36,546,940 less than for the same period of last year, and less than for the same period of a number of years previous :

IMPORTS OF FOREIGN DRY GOODS AT THE PORT OF NEW YORK, FOR SEVEN MONTHS, FROM JANUARY 1ST.

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Total withdrawn.......

$6,599,748 85,257,177 $11,055,156 $10,623,420

Add entered for consumption.... 29,492,325 54,563,989 52,328,186 25,307,081

Total thrown upon market... $36,092,073 $59,821,116 $63,383,842 $35,990,501

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Total......

$5,232,068 $5,733,007 $14,388,107 $4,862,277 Add entered for consumption.... 29,492,325 54,563,939 52,328,186 25,307,081

Total entered at the port..... $34,724,393 $60,296,946 $66,716,293 $30,169,358 The cash duties received at the port of New York, during the month of July, are very small, being less than half than for the same period last year; they are reckoned, of course, upon the goods thrown on the market. The total does not include the hospital money, and thus varies slightly from the deposits at the subtreasury on account of the Collector. We annex a comparative summary :—

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Total since Jan. 1st. $18,087,287 66 $27,982,690 02 $26,280,540 92 $13,476,418 The domestic exports from New York to foreign ports, for the month of July, have been larger than for the corresponding month of last year, but far below the shipments for July of 1856, both in produce and specie. Thus the total, exclusive of specie, is $1,870,480 less than for July, 1857. We annex a comparison including three years :

EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR THE MONTH OF JULY.

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This leaves the total foreign exports from New York since January 1st, exclusive of specie, $7,161,942 less than for the corresponding seven months of last year :-

EXPORTS FROM NEW YORK to foreign ports for SEVEN MONTHS, FROM JANUARY 1ST.

Domestic produce.......

Foreign merchandise (free).......
Foreign merchandise (dutiable)...

Specie and bullion..

Total exports.....

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$56,785,586 $66,605,268 $69,951,605 $51,924,677 Total, exclusive of specie... 36,787,467 47,103,341 43,925,166 36,763,222

The great decline has been in the exports of specie, which last year went freely forward. This year money is cheap abroad, and the balance due on the current year's business has probably been in favor of this country. The large crop of cotton has aided the exports of domestic goods.

Capital.

$2,878,325

JOURNAL OF BANKING, CURRENCY, AND FINANCE.

NEW YORK CITY BANKS, CAPITALS, DIVIDENDS, PRICES.

Names of Companies.
America

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May & Nov.

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May & Nov.

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Jan. & July.

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Bull's Head.

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Sept. & March.

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Corn Exchange.

Commerce.

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Feb. & Aug.

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8,317,680 83,178 100

Jan. & July.

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May & Nov.

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Quarterly.*

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Feb. & Aug.

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June &

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Mechanics' and Traders'

400,000

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300,000

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Feb. & Aug.

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750,000

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14,518 100 Apr. & Oct.

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Jan. & July.

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Jan. & July.

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January, April, July, October.

CONDITION OF THE BANKS THROUGHOUT THE UNITED STATES. TREASURY DEPARTMENT, April 22, 1858. SIR-I have the honor to submit a report on the condition of the banks throughout the Union, in compliance with the following resolution of the House of Representatives, adopted July 10, 1832 :—

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Resolved, That the Secretary of the Treasury be directed to lay before the House, at the next and each successive session of Congress, copies of such statements or returns, showing the capital, circulation, discount, specie, deposits, and condition of the different State banks, and banking companies, as may have been communicated to the Legislatures, Governors, or other officers of the several States within the year, and made public; and where such information cannot be obtained, such other authentic information as will best suit the deficiency."

At the date of the bank statements received at this department for the last year, there were in the whole Union 1.422 banks, including 138 branches; besides 51 banks from which no returns have been received, making a total of 1,473.

The returns show that there has been an increase of bank capital during the last year of $23,788,113. It is now $394,622,799. But, whilst the capital has been increased, the loans and discounts, and the bank circulation (the notes of the banks) have very materially decreased. Of the first, there were reported, for the year 1856-57, $50,273,607 more than for the year 1855-56; whilst for 1857-58, they are less by $101,291,605 than they were for the year 1856–57. The decrease in the circulation is also very considerable, being at the close of the last year $59,570,478 less than at the close of the year 1856.

Whilst there has been an increase of bank capital, and a very great reduction in the amount of loans and circulation, there has been a considerable increase of specie, the amount in possession of the banks being, at the beginning of the present year, $74,412,832, which is $16,062,994 more than they returned at the commencement of the year 1857. But as this extraordinary augmentation cannot be ascribed to any permanent causes, it is probable that the specie in the banks will be considerably less at the close of the present year than it was at the beginning of it. The causes of the increase have been the suspension of specie payments by the banks, and the unprecedented accumulation of coin in the banks of the cities of New York and New Orleans, chiefly in the former.

Adding to the capital of the chartered banks $140,000,000 for the capital of the unchartered, and $7,000,000, a low estimate, for the 51 non-reporting banks, the whole bank capital in the United States will be upwards of $541,000,000. The estimate of the private banking capital is not believed to be at all an exaggerated one. My predecessor in this department, Mr. Guthrie, attempted in the year 1855, to ascertain the amount of unchartered bank capital throughout the Union, and the returns received showed a total of $118,036,000. But those returns are known to have been very incomplete, and the sum of $22,000,000 may be very safely added for omissions then and for additions since.

The capital of the chartered banks, and also of the unchartered, is understood to be capital actually paid in, though paid without doubt, principally in paper currency and stocks of various kinds-State bonds, railroad stock, and bank notes of all kinds and of various degrees of credit. I have the honor to be, very respectfully, your obedient servant,

HOWELL COBB, Secretary of the Treasury.

HON. JAMES L. ORR, Speaker of the House of Representatives.

COMPARATIVE VIEW OF THE CONDITION OF THE BANKS OF THE UNITED STATES.

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