EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR THE MONTH OF JUNE. Total exports...... Total, exclusive of specie $10,562,381 $7,730,818 $8,225,222 $10,399,722 4,100,014 4,174,463 5,560,940 5,231,539 For the last six months, however, the exports have largely increased, the shipments of specie having nearly doubled, while the shipments of produce and merchandise are $6,154,187 greater than for the first six months of last year, $9,228,319 greater than for the same period of 1852, and $9,605,008 greater than for the same period in 1851: EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR SIX MONTHS, ENDING JUNE 30TH. Taking the exports for the fiscal year, we find a still more interesting comparison. The total shipments of produce and merchandise are $23,789,343 greater than for the year ending June 30th, 1853, $29,103,500 greater than for the year ending June 30th, 1852, and $27,347,863 greater than for the year ending June 30, 1851. The exports, inclusive of specie, for the year just ended, are $36,946,356 in excess of the corresponding total for the previous year. We annex a comparison of the total for four years :— EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR THE FISCAL YEAR ENDING JUNE 30. Domestic produce,. Foreign merchandise (free).... Total exports, ...... $80,227,207 $81,461,032 $70,628,714 $107,575,050 Total, exclusive of specie,.... 53,604,476 44,187,329 49,501,486 73,290,829 A careful perusal of the foregoing statistics will show our readers that the increase in the exports for the year just ended, is greater than the increase in the imports, and taking the items of domestic produce and merchandise, exclusive of specie, is nearly as large. This will more fully appear from the annexed brief summary:— IMPORTS AND Exports at NEW YORK FOR THE FISCAL YEAR ENDING JUNE 30TH. From the above we see that the increase in exports of produce and merchandise, have been more than sufficient by themselves to balance the increase in imports of merchandise, while the total exports, including specie, have increased upwards of twelve millions of dollars more than the total imports. The balance is still farther increased in our favor by the extraordinary high rates of freight, and the unusual profits on the produce shipped. We annex also, our usual comparison of the exports of a few leading articles of domestic produce, from New York to foreign ports, from Jan. 1st to July 15th. EXPORTS FROM NEW YORK TO FOREIGN PORTS OF CERTAIN LEADING ARTICLES OF DOMESTIC PRODUCE, FROM JANUARY 1ST TO JULY 15TH : The above shows a falling off in wheat, owing to a scarcity of this cereal at the seaboard, but there has been an increase of nearly 400 per cent in the shipments of corn. The shipments of flour are also less, the high price and diminished supply having limited the export demand. There is a very large increase in the exports of provisions, especially in cut meats, (hams, shoulders, etc.,) butter and lard. The exports of many descriptions of domestic produce must be light until after the incoming harvest. THE NEW YORK COTTON MARKET FOR THE MONTH ENDING JULY 17. PREPARED FOR THE MERCHANTS' MAGAZINE BY UHLHORN & FREDERICKSON, BROKERS, 148 PEARL STREET, NEW YORK. The four weeks under notice, ending at the above date, have witnessed a renewal of confidence, and an increased inquiry for cotton. The demand for and increased sales on the other side, have stimulated operations here to a large extent; although at this period of the year, there is but little doing, the prospect for a remunerative return for an investment in the staple, was not to be slighted. Low freights, both to Liverpool and the continent, have likewise tended to the execution of orders and induced shipments. For the week ending June 26th, the sales were estimated at 6,500 bales, with prices a turn in favor of buyers. Holders offered freely, and the supply of all grades in ex cess of the demand. The foreign advices received at the close of the week, being of a more favorable character, the market closed steady at the following quotations: PRICES ADOPTED JUNE 26TH FOR THE FOLLOWING QUALITIES: Preparations for, and the usual absence of many from the city, during the period in which occurs our national holiday, limited the transactions for the week ending July 3d. The sales we estimate at 5,500 bales, at prices current at the close of our previ ous report. There being less offering, and holders not so anxious to realize, the operations were confined principally to lots pressing on sale, and taken for Liverpool and the continent. At the following rates the market closed firm :— PRICES ADOPTED JULY 3D FOR THE FOLLOWING QUALITIES: The week ending July 10th, witnessed a fair demand at slightly higher figures. The favorable foreign advices induced holders to advance their pretensions, and the quantity on sale consisting principally of low and mixed cottons, found purchasers at full rates, while the better qualities from their scarcity, aided by the home demand, were in request at an improvement of c. per lb. The week's sales are estimated at 7,000 bales, market closing with an upward tendency. PRICES ADOPTED JULY 10TH FOR THE FOLLOWING VARIETIES: The operations of the week ending July 17th were the heaviest of the month,—the sales exceeded 15,000 bales, at an advance on all descriptions of c. per lb. The purchases for export were large, and there was a good demand for home consumption. Speculation was active, and the market closed with much buoyancy, with but little on sale. There was an active inquiry for grades ranging from good ordinary to middling, and of such qualities the market is much relieved. Our unsold stock is now much reduced, and does not exceed 25,000 bales, against 75,000 bales same time last year. The annexed quotations are those adopted by the Board on the 17th July: PRICES ADOPTED JULY 17TH FOR THE FOLLOWING QUALITIES:— In regard to the growing crop the complaints are few, and the opinion general, that with favorable weather for the remainder of the season, the supply will be fully equal to the wants of the world, at moderate prices. JOURNAL OF BANKING, CURRENCY, AND FINANCE. BONDS OUTSTANDING AND REAL AND PERSONAL PROPERTY OF THE STATES. The following table shows the amount of State Bonds outstanding June 30, 1853; the amount of the same then held by foreigners residing beyond the bounds of the United States, according to the estimate of Winslow, Lanier, & Co., in the States marked with an (*); the amount of property held by various State governments, exclusive of school funds, and the amount of real and personal estate subject to taxation in each State, according to the United States Census return for 1850, derived from the Report of the Secretary of the Treasury :— Owned by State foreigners. Governments. Maine. $471,500 74,899 None..... 92,177,950 103,652,835 Vermont.... None. None... A small amount held by foreigners-Winslow, Lanier & Co. The returns for California are 13 counties in 1850. Later documents give the following results for that State : The returns for 1833 do not embrace seven counties; in some of which there was much taxable roperty. Under the title of " Property owned by State Governments," are not included lots and buildings, &c., devoted to governmental uses, but railroad stock, bank stock, &c., which may be sold, and the proceeds, if necessary, devoted to governmental purposes. Of the property included under this head, the following is stated to be not now productive: The returns of the U. States Census for 1850 are selected as being the latest at the command of the Treasury Department, in which the returns of taxable property in the different States are all of one date. As an evidence of the ratio in which the value of such property has increased since 1850, Kentucky may be taken as an example. The official valuation for 1853 is $366.957,487, against $291,387,554 in 1850, as stated in table. Supposing the increase to have been in the like ratio in the other States and in the Territories, the total of assessed value for 1853 would be upwards of $7,500,000,000 and of true value, about $9,000,000,000. It would be a great error to confound the amount of taxable, or rather of taxed property, with the whole wealth of the country. In Kentucky, the only articles subject to the State tax are lands, slaves, horses, mules, asses, neat cattle, stores, pleasure carriages, gold, and silver, and other metallic clocks and watches, and piano-fortes. So in the other States, taxation is so arranged as to exempt many objects from its operations, leaving the aggregate wealth of the country a subject of conjecture. FUNDED DEBT OF THE COUNTRY. The following is an abstract of a Report of the Secretary of the Treasury, made in compliance with a resolution adopted by the Senate of the United States, April 4th, 1853: A general summary (marked K) of the foregoing documents. It will be seen by reference to K, taking Winslow, Lanier & Co.'s estimate as the criterion, that in June, 1853, the aggregate stocks and securities of the character set out in the table, abroad were $222,225,315. The application of capital to railroads commenced in 1829, and to canals prior to that date; but we have no data from which we can state the amount of foreign indebtedness on those accounts. In 1829, the outstanding United States debt was about $58,400,000, a considerable part of which was then held abroad; and we know that a large amount of United States and other bank stocks was also held abroad; and it might be fair to estimate that the indebtedness of the same character, as in table K, was as great in 1829 as it was in 1853; and that the annual interest and dividends to foreign holders of stocks and bonds have reached for the last 24 years about $13,000,000. There is no data from which to make an aggregate statement of the capital that had been applied to canals, railroads, and the establishment of banks, insurance companies, &c., prior to 1829, and which, in connection with table K, would exhibit the amount applied to those objects since; nor is there any data from which to estimate the value which the application of capital to canals, railroads, and banks, has given to the solid wealth of the country. |