$13,068,776 larger than for the same time in 1851. The cash duties received upon imports, being mostly collected upon the total entered for consumption, and the withdrawals from warehouse have not varied in the same proportion as the receipts. The following will show the total received at New York for the month and from January 1st:-

Total, seven mos.,$20,211,065 72 $17,491,100 06 $25,807,436 65 $23,783,706 54

We have heretofore noticed the probable decline in the exports to foreign ports, owing to the limited supply of produce at the seaport; the total shipments in July were, therefore, larger than anticipated. Exclusive of specie, the exports from New York were $1,390,871 less than for July, 1853, but $940,446 more than for July, 1852, and $777,744 more than for July, 1851. The exports of specie were smaller than for the corresponding month of either of the three preceding years. We annex a comparison of the several totals :-

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

The total shipments from the same port for the seven months from January 1st, show an increase (exclusive of specie) of $4,763,316 as compared with the corresponding period of last year, $10,168,765 as compared with the same time in 1852, and $10,282,752 as compared with the same time in 1851. The exports of specie for the same time are larger than in either of the previous two years, but nearly six millions behind the total for the first seven months of 1851 :--

EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR SEVEN MONTHS, ENDING JULY 31ST.

We look for a decline in the exports of produce, until the stock at the seaboard shall be largely increased and prices diminished. The following will show the comparative shipments from New York to foreign ports of some of the leading articles of domestic produce from January 1st to Aug. 19th, 1854:-

EXPORTS FROM NEW YORK TO FOREIGN PORTS OF CERTAIN LEADING ARTICLES OF

DOMESTIC PRODUCE, FROM JANUARY 1ST TO AUG. 19TH:

Ashes-pots......bbls

1853. 1854.

5,884 Naval stores.....bbls 291,213
799 Oils--whale.....galls 219,148

409,679

123,573

Beeswax.. ....lbs 132,962

189,433

Breadstuffs

Wheat flour...bbls 957,361

Rye flour.....

Corn meal.

Cotton..

..tons ...bales

3,330 21,775 192,649 3,405 272

.trcs 13,407 18.013 ...lbs2,278,897 3,403,069

Hay.
Hops.

4,080 Rice

15,775 Tallow

215,591 Tobacco, crude...pkgs 13,908 25,840 2,996 Do., manufactured. lbs4,015,823 1,774,277 629 Whalebone .........2,353,590 947,937

This shows a decided falling off in the shipments of wheat as far as quantity is concerned, since January 1st, although previous to that there was a large increase; but there has been no falling off in value, the 1,500,000 bushels producing as much this year, as 2,300,000 bushels did last. The same is true to a still greater extent in flour. In Indian corn there has been an enormous increase in the quantity, as well as very considerable augmentation in price. The exports of meat provisions, and cheese, lard, &c., have been very large. The whole table will be found worthy of a careful examination. In regard to the incoming crops, opinions are much changed since our last publication. The long continued drouth prevailing with but few exceptions from the Atlantic to the farthest bounds of Missouri throughout all of the Northern States, has cut off to a considerable extent the crop of Indian corn. The grain crop was saved, although from other causes it was not quite as large as expected; but the streams are dry, and many of the mills which depend on water power are silent. The corn crop was much needed, pork having been high, and liberal preparations based on a large yield of this cereal having been already made both for fatting swine, and for export. Flour has almost always declined in August, but we are writing now just at the close of the month, and find an upward tendency at the seaboard, and an actual scarcity of flour for consumption in many agricultural districts. There will be no famine, and when the farmers are ready to sell, the supply of breadstuffs will be found large enough to feed our ow mouths and leave a liberal surplus; but as long as the present excitement continues, the farmers are hoarding, and thus the burden of high rates is now ag gravated. When the extent of the corn crop is once settled, and wheat comes to market, there will be such a competition as to ruin, uo doubt, many of the speculators. This, however, will carry the trade at current, or even higher rates, well into the fall.

Own

THE NEW YORK COTTON MARKET

FOR THE MONTH ENDING AUGUST 21.

PREPARED FOR THE MERCHANTS' MAGAZINE BY UHLHORN & FREDERICKSON, BROKERS, 148 PEARL STREET, NEW YORK.

Transactions in cotton, notwithstanding our light stock, have during the past month been to a fair extent. The extreme dry weather has much interfered with the operations of our own spinners, many of whom have been running short time in conse quence of the want of water. For Liverpool the business continues of a mixed character, while to the various continental ports a larger portion of the month's business has been directed. Prices have varied but little either here or on the other side, but the tendency on the whole has been against buyers.

The market here for the week ending July 24th was extremely active. The sales were estimated at 13,000 bales. Speculators purchased freely, and the market closed firmly at the following quotations :—

PRICES ADOPTED JULY 24TH FOR THE FOLLOWING QUALITIES:

Under the influence of foreign advices received during the week ending July 31st, our market lost the buoyancy of the previous week, and on all grades up to middling a decline of ¿c. per lb. was submitted to. Holders, however, did not offer freely, and the small amount on sale enabled them to show a firmness "if they had it not." The week's sales were estimated at 6,500 bales, at the annexed figures:

PRICES ADOPTED JULY 31 FOR THE FOLLOWING QUALITIES:—

The week following the market assumed a dull and heavy aspect, with some irregularity in the few sales made as regards prices. The week's sales were estimated at 4,500 bales, and including some purchases made in transitu. A better supply was offered without, however, inducing operations, and the market closed quietly at the following quotations :—

PRICES ADOPTED AUGUST 7TH FOR THE FOLLOWING VARIETIES:

The transactions for the week ending August 14th continued on a limited scale; but prices, owing to a continental demand for the better grades, showed more firmmess at the close of the week, with sales of 6,000 bales. There was but little done for Liverpool and our own spinners. The market closed steady at rates annexed :—

PRICES ABOPTED AUGUST 14TH FOR THE FOLLOWING QUALITIES:

The market for the week ending August 21st continued firm; the sales, however, did not exceed 5,000 bales—excluding a list of 900 boxes of Texas cotton in Boston sold here. Holders, believing that their stocks will be needed before the arrival of the new crop, hesitate in offering, and buyers pause before making new engagements, believing that the prospects of the growing crop warrant a lower range of prices. The quantity taken by our own manufacturers during the past month is smaller than usual, and we think they must be free purchasers before long. The manufactured article, however, has lessened in value, and with their other engagements, together with the scarcity of money, will cause many to purchase lightly for some time. PRICES ADOPTED AUGUST 21ST FOR THE FOLLOWING QUALITIES:

Two bales of the new crop were received at New Orleans from Texas on the 25th July, being fifteen days earlier than last year. They were sold at the fancy price of 11c. per lb., the classification being about middling. Weight of the two bales, 982 lbs. Thirteen bales new crop were received at New Orleans up to 12th August. At Mobile and Savannah a few bales of the new crop have been received; they are represented to be of good color and staple. Two bales of new cotton were received here per Cahawba, from Mobile, on the 17th August-one consigned to Mr. Charles Dellinger, and one to Messrs. Brewer & Caldwell, and elassed "middling” and “good middling," somewhat cut in ginning, but of good color. Thirteen and thirteen-and-ahalf cents per lb. were paid for them-folly prices-and shipped per Atlantic to Liverpool. Last year the two first bales were received here on the 22d August from Charleston, classed "fair," and sold at 13c. per lb.

JOURNAL OF BANKING, CURRENCY, AND FINANCE.

THE BANK OF MONTREAL IN 1854.

The annual general meeting of the Bank of Montreal was held at Montreal on the 5th of June. The report submitted stated, that after paying 7 per cent dividend, and providing for other heavy charges (a forgery resulting in a loss of £2,000 at the Brantford agency.) there had been added £65,103 to the rest, which was thus raised to £171,820. The report submitted stated that, assuming the operations of the bank will meet with fair success during the ensuing six months, the rest would be increased to two hundred thousand pounds by December, paying, besides, the usual half-yearly dividend of 34 per cent. After that period the directors expect to pay of one per cent dividend, and continue adding to the rest until it reaches £250,000, when the whole profits may be safely divided within the shape of increased dividends, or by oe casional bonus. Though the directors had been as liberal in their discounts as eircumstances would warrant, they had not been able to satisfy all the applications that had been made to them for perfectly legitimate business parposes. The trade of the country is annually augmenting in extent and value; it is therefore intended to apply to the legislature for permission to farther increase the capital stock by £500,000, to be called up within a period not exceeding five years. The original capital was £750,000, to which new capital, amounting to £242,760, was not long ago added. The sum of £1,250 was voted to the Hon. P. McGill, for his valuable services as president during the past year.

1853.