FOREIGN IMPORTS AT NEW YORK FOR ELEVEN MONTHS, FROM JANUARY 1ST. Entered for consumption... $126,155,443 $104,408,458 $148,562,621 $120,107,089 Eatered for warehousing.. Free goods.............. Specie and bullion.. Total entered at the port.. $172,055,626 $142,836,719 $201,541,405 $221,421,318 Withdrawn from warehouse 21,006,567 22,266,546 24,097,168 87,024,982 Of the imports of dry goods during the month of November, the great bulk have been thrown into warehouse, less than four hundred thousand dollars having gone directly into consumption. The total receipts of foreign dry goods at the port of New York, during the month of November, are $1,999,013 less than for the corresponding period of last year, $1,595,144 less than for the corresponding period of 1855, and $254,086 less than for the same time in 1854 :- IMPORTS OF FOREIGN DRY GOODS AT NEW YORK FOR THE MONTH OF NOVEMBER. ENTERED FOR CONSUMPTION. Total entered at port... $2,220,012 $4,049,242 $4,453,111 $2,454,098 This leaves the total imports of dry goods at New York, since January 1st, only $742,735 in excess of the corresponding period of last year, $27,932,618 in excess of the corresponding period of 1855, and $10,399,248 in excess of the same period of 1854. The warehousing account is very large, not only in consequence of recent commercial embarrassments which lead to the accumulation of stock in bond, but also to the large warehousing movement in anticipation of the change in the tariff that took effect last July:- IMPORTS OF FOREIGN DRY GOODS AT THE PORT OF NEW YORK, FOR ELEVEN MONTHS, FROM JANUARY 1st. Total withdrawn.... 2,095,993 2,024,250 1,189,270 1,979,346 985.013 785,930 423,328 2,813,062 4,039,982 1,420.743 775,453 $10,651,423 $8,870,057 $7,982,619 $14,081,128 Add entered for consumption..... 65,624,568 53,386,262 78,636,091 66,116,396 Total thrown upon market... 76,276,000 62,256,819 86,618,710 80,197,524 Total....... 687,490 738,385 639,755 1,904,668 $12,605,721 $7,810,657 $9,250,711 $22,513,141 Add entered for consumption...... 65,624,568 53,386,262 78,636,091 66,116,396 Total entered at the port.... 78,230,289 60,696,919 87,886,802 88,629,537 The export trade for the month was quite large, considering the difficulty of negotiating foreign exchange and the general derangement of business affairs. The total shipments from New York to foreign ports, exclusive of specie, was $972,868 less than for November. 1856, $1,954,073 less than for November, 1855, and $1,726,202 greater than for the corresponding month in 1854. The shipments of specie show a slight increase : EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR THE MONTH OF NOVEMBER. Total exports...... 8,638,281 9,792,455 10,755,189 10,065,713 Total exclusive of specie.... 5,100,280 8,780,555 7,799,350 6,826,482 This leaves the shipments from the port of New York since January 1st, exclusive of specie, $5,968,570 less than the corresponding total of last year, but $6,126,095 greater than for the same period of 1855, and $10,442,873 greater than for the same period of 1854 :: EXPORTS FROM NEW YORK TO Foreign ports, for eleven monTHS, FROM JANUARY 1st. Domestic produce..... Foreign merchandise (free).... Total exports............... 95,460,017 89,314,858 110,209,903 105,626,870 Total, exclusive of specie.. 58,358,875 62,675,653 74,770,318 68,801,748 A considerable part of the difference, as compared with last year, is owing no doubt to the falling off in values, as nearly all articles of domestic produce are entered for export at lower rates, and this is likely to be still more strongly marked during the next six months. The cash revenue, as we have already stated, shows a very important deficiency, and there is now no question in regard to the necessity of a loan to meet the current expenses of government. As the revenue has been, for some years past, more than sufficient for all the wants of the Treasury, there is no reason to suppose that the embarrassment will be more than temporary: CASH DUTIES RECEIVED AT NEW YORK FROM JANUARY 1ST. This deficiency occurs at a very inopportune moment, inasmuch as the army estimates are likely to be somewhat increased by the difficulties with the Mormons, but it will be promptly met, and will soon be made up when trade revives. We also annex our usual monthly statement of the progress of the export trade from New York, in the principal articles of domestic produce : COMPARATIVE STATEMENT OF THE EXPORTS OF A FEW LEADING ARTICLES OF DOMESTIO PRODUCE, FROM NEW YORK TO FOREIGN PORTS, FROM JANUARY 1 TO DECEMBER 15. It will be seen that there is a falling off in the shipments of almost every article of domestic produce. This is true not only in regard to quantity but also in regard to value. The decrease is most strongly marked in breadstuffs and provisions. Of course, one reason why breadstuffs have not been shipped more freely have been the comparative plenty of foreign harvests; but another prominent cause is the disarrangement of foreign and domestic exchanges and the great difficulty in moving produce. The seaboard towns and New England will now be supplied from the stock which has reached tide-water and remains unsold, (about 500,000 barrels of flour are thus on hand) and by the receipts per railroad, and from Southern ports still open. When canal navigation is resumed in the spring, the remaining surplus in the country must begin to move. There will be an unprecented accumulation of Indian corn, and an abundance of wheat and flour, and these must be sold at such prices as will induce shippers to take them. One of the great difficulties in Europe-that of dear food-will thus be removed, and for some years to come the products of the soil must find buyers abroad as well as at home. NEW YORK COTTON MARKET FOR THE MONTH ENDING DECEMBER 25. PREPARED FOR THE MERCHANTS' MAGAZINE BY CHARLES W. FREDERICKSON, BROKER, NEW YORK. My last review was dated November 27th, since which time the market has been dull and declining. The aspect of affairs abroad has been such as not to warrant purchases, and the difficulty of negotiating exchange, such as almost to stop shipments, unless sent forward under positive orders by direction of Southern owners. Some few parcels pressed in sale have found unwilling purchasers for export, at prices generally below the current rates of the day, and there is a growing disposition not to touch the article unless at figures below those ruling at the close of our report. For home consumption the demand continues light, and although there is rather more inquiry, still not enough to sustain holders in their views. The total sales for the month are viewed at 9,000 bales, about one-half for shipment. Our unsold stock is estimated at 12,000 bales and increasing. The market closes at the following nominal quotations: Estimates of crop of the South range from 3,100,000 to 3,200,000 bales. Here the general opinion may be put at 3,250,000 to 3,300,000 bales, both navigable rivers : JOURNAL OF BANKING, CURRENCY, AND FINANCE. THE FINANCES OF THE UNITED STATES. REPORT OF THE SECRETARY OF THE TREASURY FOR 1857. The annual report of the Secretary of the Treasury, on the state of the finances, is a document always looked for with great interest by the country. The first report of Mr. Secretary Cobb, presented to Congress December 8th, 1857, will receive, owing to the present condition of monetary affairs, a more general and careful attention than is usually given to such documents. The receipts for the fiscal year ended June 30th, 1857, were as follows: Total........ Balance on hand July 1st, 1856.... $63,875,905 05 $3,829,486 64 $926,121 98 $68,631,513 67 Aggregate means available for the fiscal year 1856-57...... $88,532,839 12 19,901,325 45 Expenditures for the year Civil, foreign intercourse, and miscellaneous.. Service in charge of Interior Department.. Ditto, War Department..... Ditto, Navy Department.. Purchase of the public debt... Total.... Balance in the Treasury July 1, 1857..... $27,531,922 37 5,358,274 72 19,261,774 16 12,726,856 69 5,943,896 91 $70,822,724 85 $17,710,114 27 The transactions of the Treasury during the first quarter of the current fiscal year, 1858, being from July 1, 1857, to September 30, 1857, were $18,573,729 37 | Civil list, foreign inter Miscellaneous sources... Total..... $20,929,819 8.1 Navy Department. The public debt Total............ $7,315,789 00 3,240,098 99 7,290,950 88 3,915,906 99 1,951,782 56 $23,714,528 37 The estimates for the entire current fiscal year, and for the next year, are thus |