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comparative scarcity of such as are undoubted, and these are in active demand at a lower rate of interest. Second-class securities are still negotiated with great difficulty, but as the others are not to be bad, the temptation of higher rates will sooner or later lead to their absorption. There is a settled disinclination on the part of capitalists to invest in renewed or extended paper, and a growing conviction that much of this class of bills cannot be met at maturity. Indeed we should pot be surprised if many of those who have thus postpoped the evil day by renewing their obligations, should find themselves worse off in the end than those who were compelled to suspend outright during the height of the panic.

Abroad, at the date of this writing, there is also a better state of feeling. In England a treasury letter was issued, in effect suspending the restriction of the issues of paper money by the bank, so that this institution was enabled to increase its accommodations to its customers, and save many from bankruptcy. Previous to this there were many failures both of private firms and joint stock banks throughout Great Britain, and afterward many more on the continent, especially in Bremen and Hamburg, and great commercial embarrassment still prevails in Europe, particularly in manufacturing districts. There must be a large emigration from Germany to the United States during the whole of the next year, as labor of all kinds must be scarce and poorly rewarded throughout whole sections where business is almost totally suspended.

The receipts of gold from California have largely increased within the last two shipments, owing to the distrust of bills, and to the general impression prevailing at San Francisco that specie payments in New York would command a premium. The total for December, not yet summed up, will be the largest of any month during the year, and will make up part of the previous decrease, as given in the statement for the first ten months. The following will show the business at the New York Assay-office for the month of November :DEPOSITS AT THE ASSAY-OFFICE, NEW YORK, IN NOVEMBER, 1857. Gold.

Total. Foreign coin ....

$350,000 00 $141,000 00 $491,000 00 Foreign bullion ....

220,000 00 40,000 00 260,000 00 United States bullion.

2,580,000 00 26,200 00 2,606,200 00 Total deposits .... $3,150,000 00 $207,200 00 $3,357,200 00 Deposits payable in bars

$2,000,000 00 Deposits payable in coin.

1,357,200 00 Gold bars stamped

2,406,537 76 Transmitted to United States Mint for coinage...

1,510,675 79 The depletion of the Treasury has drawn upon the bullion fund, so that the coinage has been somewhat crowded to convert the bars on hand into the means of payment. The following is a statement of the coinage at the United States Mint in Philadelphia, during the month of November, showing a total of over two-and-a-half millions :

Silver.

STATEMENT OF THE DEPOSITS AND COINAGE AT THE MINT OF THE UNITED STATES,

AT PHILADELPHIA, DURING THE MONTH OF NOVEMBER, 1857.

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Cents .....

1,620,000 $16,200 00

RECAPITULATION.
Gold coipage..

174,924 $2,108,426 00 Silver coinage

2,806,000 700,000 00 Copper coinage..

1,620,000 16,200 00 Tutal......

4,600,924 $2,824,626 00 The following is a statement of the operations of the U. S. Branch Mint at New Orleans, for the month of October, 1857:

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SILVER COINAGE.

Half dollars, 550,000 pieces..

$275,000 00 Total amount of gold and silver coinage....

$545,000 00 The specie movemert at New Orleans outside of the mint has been quite large during the month.

The statistics of the U. S. Branch Mint of San Francisco for the month of October, are as follows :

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RECAPITULATION.

Gold...

97,000 $1,570,000 Silver..

78,000

26,500 Total ......

176,000 $1,595,500 The shipments of treasure by steamers from San Francisco for New York for the month of October, compared with those of a corresponding period of last year, was as follows :1856.

1857. October 5.. $2,277,860 October 11.

$2,007,390 October 20. 1,901,279 October 20

1,697,042

Total....

1856.....

$4,179,189 Total............ $3,704,432 This shows a falling off in the shipments for October, 1857. of $474,707.

For the ten months of the respective years '56 and '57, inclusive, the comparison stands thus :

$40,313,206 1857.

35,768,413 Decrease in 1857 ......

$4,544,792 As noticed above, this comparative decrease has already been partly made up by the increased shipments by the later steamers, the returns of which are not yet compiled.

In the former part of this article we bave referred to the banking movement, but we pow present our usual comparative statistics showing the changes since the last month. At New York the regular line of loans and discounts has actually decreased, but the distribution of the certificates of deposit received for the country bank.notes, and their absorption under the head of loans, has made a slight apparent increase. The gradual redemption of these by the country banks will again reduce the total, unless the banks find more businees paper which they are willing to discount. We annex a statement containing the averages since the beginning of the year :

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June 13...

June 27...

Loans and
Date,
Capital discounts.

Specie.
Circulation.

Deposits. Jan. 31... 69,266,434 111,786,333 12,191,825 8,024,948 92,460,286 Feb. 7... 69,266,434 112,876,713 11,143,894 8,4 26,817 96,029,489 Feb. 14... 59,266,434 112,722,799 10,497,382 8,161,799 91,917,188 Feb. 21... 69,266,434 111,773,672 10,432,168 8,106,074 92,448,944 Feb. 28... 69,266,434 111,137,717 10,645,254 8,159,275 92,173,280 Mar'h 7... 69,266,434 111,899,649 11,707,846 8,465,097 95,858,223 Mar'h 14... 69,266,434 113,250,980 11,077,732 8,452,541 94,231,267 Mar'h 21... 69,296,434 113,448,692 11,291,373 8,494,238 96,406,450 Mar'h 28... 69,296,434 112,884,025 11,325,733 8,473,829 92,614,560 April 4... 69,513,330 114,833,902 11,538,732 8,812,328 97,340,914 April 11... 69,513,330 115,374,717 10,884,490 8,787,344 96,618,908 April 18... 59,513,330 114,398,174 12,061,372 8,770,828 96,461,417 April 25... 59,513,330 113,391,910 11,827,861 8,736,768 95.268,612 May 2... 69,513,330 114,409,275 12,009,911 9,006,566 99,159,472 May 9... 59,613,330 115,068,322 12,011,491 9,182,783 98,963,318 May 16... 59,513,330 114,620,042 12,543,694 8,935,297 98,818,704 May 23... 59,700,000 114,049,103 13,126,734 8,738,025 97,306,034 May 30... 59,700,000 114,049,633 12,815,515 8,696,693 96,147,814 June 6... 60,264,705 115,338,592 13,134,715 8,838,572 96,594,391

60,264,705 115,412,541 11,974,879 8,696,893 96,168,937 June 20... 62,000,000 115,119,690 12,790,455 8,593,801 95,939,618

64,500,000 115,015,504 10,901,091 8,505,065 94,318,715 July 3... 64,576,110 116,044,303 12,837,346 8,901,590 98,834,583 July 11... 64,576,110 116,028,618 12,666,146 8,693,578 94,624,473 July 18... 64.576,110 117,365,321 13,694,606 8,448,833 94,446,798 July 25... 64,626,110 118,848,131 12,956,855 8,528,814 93,633,736 Aug. 1.., 64,626,110 120,597,050 12,918,013 8,665,422 94,445,967 Aug. 8... 64,626,110 122,077,252 11,737,367 8,981,740 94,436,417 Aug. 15... 64,626,110 121,241,472 11,360,6 8,780,012 92,356,328 Aug. 22... 66,027,705 120,139,582 10,097,179 8,694,011 89,364,046 Aug. 29... 66,027,706 116,588,919 9,241,376 8,671,060 84,812,886 Sept. 5... 66,027,705 112,221,365 10,229,965 8,673,192 79,491,317 Sept. 12... 66,027,705 109,986,572 12,181,857 8.322,316 76,388,376 Sept. 19... 66,027,705 108,777,421 13,556,186 8,073,801 75,772,774 Sept. 26... 65,500,000 107,791,433 13,327,095 7,838,308 73,315,611 Oct'r 3... 65,000,000 106,935,499 11,400,413 7,916,102 67,978,657 Oct'r 10... 64,500,000 101,917,569 11,476,294 7,523,599 63,301,681 Oct'r 17... 63,770,137 97,248,826 7,843,230 8,087,441 52,891,623 Oct'r 24... 63,470,137 95,593,518 10,411,643 6,884,739 57,530,384 Oct'r 31... 63,470,187 95,317,754 12,883,441 6,334,748 61,463,664 Nov'r 7... 63,470,137 95,866,241 16,492,152 6,434,312 68,884,773 Noy'r 14... 63,470,137 95,239,247 19,451,966 6,268,652 72,592,645 Nov'r 21... 63,470,137 95,375,432 23,167,980 6,283,417 79,313,291 Nov'r 28... 63,470,137 94,963,130 24,303,145 6,520,783 79,609,225 Dec'r 5... 63,470,137 96,333,687 26,069,832 6,655,000 78,492,065 Dec'r 12... 63,470,137 96,526,137 26,058,877 6,348,494 76,365,134

Same time last year :Dec'r 13,'56 65,235,068 108,336,686 10,832,543 8,616,854 89,590,680

The later statements in December will show a further large increase in specie. We annex a continuation of the weekly average of the Boston banks :

WEEKLY AVERAGES AT BOSTON.
Nov. 24.
Nov. 30.
Deo. 7.

Dec. 14. Capital .....

$31,960,000 $31,960,000 $31,960,000 $31,960,000 Loans & discounts...... 50,900,000 50,748,000 50,822,000 50,733,600 Specie.....

8,960,000 4,160,700 4,265,500 4,350,000 Due from other banks..

5,923,900 5,937,600 6,340,000 5,825,000 Due to other banks.... 4,229,000 4,277,000 4,172,500 4,139,000 Deposits....

15,703,000 15,784,734 16,185,500 15,927,000 Circulation.

6,708,400 6,010,500 6,236,000 5,883,600

We have also compiled the following returns of the condition of the banks of Massachusetts, on the 4th December, 1857, from the returns of the Secretary of State : Capital....

$60,385,722 | Notes, bills of exch'ge, &c.. $92,482,001 Net circulation. 10,812,177 Specie....

6,433,416 Deposits..... 21,789,560 Real estate.

1,416,392 Profits on band 6,344,349

$99,831,808 $99,331,808 The above statement exhibits a contraction in the circulation of $6,062,644 since August 3d. It also appears that the banks of Massachusetts have at the present time less than two dollars of paper and circulation for each dollar of specie. The above statement also exhibits, as compared with the 1st day of January last, an increase in the item of capital of $1,813,792 ; and of specie, $552,659; and a decrease in the item of net circulation of $6,592,055; of deposits, $1,823,536; and of loans, $7,243,160.

We continue likewise our usual comparative weekly statement of the condition of the banks at New Orleans :

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The imports of foreign merchandise at the port of New York for the month of November, were $1,050,585 less than for the corresponding month of last year, $1,470,772 more than for the same period of 1855, and $4,786,118 more than for the same month of 1854. By far the larger portion of the receipts were entered directly for warehousing, so that the value thrown upon the market was exceedingly small :

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It will be seen that the imports of specie and bullion, from foreign ports, were unusually large—indeed larger than for any previous month within the last ten years, (always excepting the California shipments, and we believe larger than for any previous month in the history of the port. This leaves the total foreign imports at New York, since January 1st, $19,879,913 greater than for the corresponding eleven months of last year, $79,084,599 greater than for the same period of 1855, and $49,365,692 greater than for 1854:

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