With these rates of exchanges the outward movement of specie has been small, comparatively, as follows: GOLD RECEIVED FROM CALIFORNIA AND EXPORTED FROM NEW YORK WEEKLY, WITH THE AMOUNT OF SPECIE IN SUB-TREASURY, AND THE TOTAL IN THE CITY. Specie in Total Received. Exported. Received. Exported. sub-treasury. in the city. Jan. 16...... $1,269,107 $250,000 $1,607,440 $1,045,490 $2,984,000 $33,145,268 781,295 1,244,368 8,075,900 33,903,151 1,565,779 57,075 3,288,500 84,561,500 2,928,271 3,168,787 33,821,735 ........ 23.... 30..... 1,460,900 Feb. 6.... 225,955 1,177,812 348,216 1,348,507 279,667 26,708 1,640,430 967,405 422,914 1,279,134 306,351 11,000 38,734 1,403,949 20... 18..... 1,097,186 20..... 27...... 1,296,108 Mar. 7...... 636,000 13.... 1,004,000 27...... April 3...... 10..... 48,850 3,384,800 33,611,075 641,688 3,360,000 34,776,076 128,114 3,420,900 85,079,294 297,898 2,996,700 35,736,431 225,274 2,964,000 35,925,076 116,114 6,853,852 37,681,656 83,120 6,141,594 87.071,066 115,790 5,548,069 37,078,069 250,246 4,875,975 36,912,411 208,163 3,841,577 37,035,026 15,850 3,695,071 37,808,806 136,873 3,145,400 88,209,618 106,110 2,874,200 88,327,346 720,710 6,858,590 41,586,300 532,862 5,566,300 39,613,700 400,300 6,398,500 37,894,600 51,425 5,263,300 38,053,660 16,616 4,803,609 38,170,900 68,318 7,773,108 38,011,251 276,487 7,461,600 89,410,688 817,110 5,820,000 39,650,000 564,030 5,342,200 40,047,800 637,240 5,157,600 40,485,000 1,028,270 5,836,000 40,851,000 303,318 5,144,700 40,856,800 786,841 5,553,400 40.699,200 440,729 12,886,800 44,037,300 844,781 17,739,600 46,089,100 187,941 13,418,000 41,235,000 562,087 13,077,000 41,125,600 227,980 12,626,900 40,686,300 1,361,110 12,612,200 41,420,200 474,945 11,838,000 40,463,000 1,126,404 11,100,600 39,633,700 675,817 10,476,649 39,646,853 886,234 10,198,837 401,866 89,705,345 600,000 9,695,817 38,377,246 1,877,858 593,310 9,151,500 35,859,300 Nov. 6..... 2,605,457 227,000 184,452 8,256,052 34,593,407 13..... 1,207,000 697,650 1,672,656 142,130 7,808,518 23,847,700 515,000 1,686,511 13,832 7,463,162 34,254,142 515,000 1,686,511 1,816,532 1,064,038 6,786,786 33,944,517 1,808,750 133,802 6,345,500 33,753,200 2,651,420 1,643,140 825,000 6,344,033 33,539,033 20.... 27...... Dec. 4...... 2,250,458 11...... Total...... 42,884,398 39,715,146 84,024,017 25,898,483 The bulk of the exports for the week, to December 11th, were to Havana in doubloons. The receipts of specie last year in November and December embraced large sums from Europe, in consequence of the panic then prevailing. The exports from Boston for November were $29,000 only. The total exports from Boston and New York, from the 1st of January to the 1st of December, were as follows: This gives a decline of $20,000,000 as compared with 1856, and of $16,500,000 as compared with last year. The nature and destination of the shipments from New York, to December 11th, were as follows, showing the description of metals exported : .... 1,000 2,261,352 Total.. $282,967 1,105,108 6,120 4,840 869,567 May 8th to Dec. 11 2,437,769 11,524,051 55,786 322,128 1,232,109 88,575 166,798 15,726,960 The amount of United States coin shipped for the month was only $282,967, but the amount coined for the month at Philadelphia was $304,135 gold coins and $550,000 silver coins. The operations of the New York Assay-office showed deposits of $2,100,000 gold and $165,000 silver, of which $1,600,000 were payable in bars, and $665,000 in coins. The comparative operations of the Assayoffice for four months were as follows: NEW YORK ASSAY-OFFICE-FOUR MONTHS TO DECEMBER 1. The payments, that in 1856 had been all "bars," last year were two-thirds in coin, and this year less than one third in coin. These results show an immense accumulation of coin in the country. It goes from New York to the South, following the large returns of the cotton crop, in face of small sales of imported and manufactured goods. The annual report of the Secretary of the Treasury furnishes evidence of the same fact for the fiscal year ending June 30th, 1858. We therefore find that the coinage for the year, with the exports, was as follows: 42,407,246 00 Exports of United States metals.... This large increase of metallic currency in the country has, no doubt, checked the increase of small bank notes, since the returns show that these have not increased in the last few years. The extension of a sound currency is every way calculated to lay the foundation of a very healthy and sound business at no distant day. The country is full of material wealth and has an abundant currency, there can therefore be no question but that a speedy revival will take place. In the meantime, however, the imports continue very small, and, as a consequence, the revenues of the government continue inadequate to its wants. During the quarter ending September 30th, 1858, the government borrowed $10,000.000 on stocks, and the proceeds of that loan carried the amount of specie in the Treasury to $12,895,042 at the close of August, since when the amount has declined to $10,868,934 at the close of September, $7,889,257 at the close of October, $6,059,824 at the close of November, and a further reduction in December, although the government re-issued $1,000,000 in treasury notes in exchange for specie, to aid in meeting the semi-annual interest on the public debt due January 1st. The public debt is as follows :- The semi-annual interest on this, due in January, is $1,650,000, or $700,000 more than last year. There remains $10,000,000 of the authorized loan to issue. A revision of the tariff is advised by a small rise in the rates, estimated to produce $1,800,000. A large portion of the decline in last year's revenues was due to the lessened imports of sugar, and these imports are in any event not likely to be renewed. The aspects of the markets are such as to give little encouragement that a rise in the rate of taxes will improve the revenues. The imports of foreign merchandise at the port of New York for the month of November, have slightly exceeded those for the corresponding month of last year, when by far the larger portion of the receipts were entered directly for warehousing, so that the value thrown upon the market was exceedingly small. This year the reverse has been the case, the quantities put on the market having exceeded those entered at the port : FOREIGN IMPORTS AT NEW YORK IN NOVEMBER. Total entered at the port........ $11,947,188 $14,468,545 $13,417,960 $10,591,606 Withdrawn from warehouse........ 1,197,650 1,725,544 8,152,316 2,124,655 It will be seen that the imports of specie and bullion, from foreign ports, were unusually large last year—indeed larger than for any previous month within the last ten years. This leaves the total foreign imports at New York, since January 1st, $81,898,876 less than for the corresponding eleven months of last year, and $62,018,960 less than for the same period of 1856 : FOREIGN IMPORTS AT NEW YORK FOR ELEVEN MONTHS, FROM JANUARY 1ST. Total entered at the port...... Withdrawn from warehouse..... 104,408,458 148,562,621 120,107.089 $93,167,226 24,115,079 34,650,285 79,033,885 24,115,146 13,065,406 16,760,950 19,063,434 20,039,083 747,776 1,567,549 12,216,910 2,200,987 142,336,719 201,541,405 221,421,318 189,523,442 22,266,546 24,097,168 87,024,982 35,684,657 Of the imports of dry goods during the month of November, the great bulk was thrown into warehouse last year, when less than four hundred thousand dollars went directly into consumption. This year the reverse is the case, and the larger proportion was entered for consumption. The receipts, during the month of November, are more than for the corresponding period of last year. IMPORTS OF FOREIGN DRY GOODS AT NEW YORK FOR THE MONTH OF NOVEMBER, ENTERED FOR CONSUMPTION. Total entered at port....... $4,049,242 $4,453,111 $2,454,098 $4,008,155 This leaves the total imports of dry goods at New York, since January 1st, only $32,958,698 less than in the corresponding period of last year. The warehousing account is much less, showing an excess withdrawn from warehouse of $7,800,000, when the excess put into warehouse last year was $8,400,000, indicating the accumulation to be again diminished :— IMPORTS OF FOREIGN DRY GOODS AT THE PORT OF NEW YORK, FOR ELEVEN MONTHS, FROM JANUARY 1ST. Miscellaneous dry goods... Total withdrawn........ 785,930 423,328 775,453 1,314,250 $8,870,057 $7,982,619 $14,081,128 $14,496,097 Add entered for consumption.... 53,386,262 78,636,091 66,116,396 49,001,658 Total thrown upon market... $62,256,319 $86,618,710 $80,197,524 $63,497,755 Total entered at the port..... $60,696,919 $87,886,802 $88,629,537 $55,670,929 $7,310,657 $9,250,711 $22,513,141 $6,669,271 53,386,262 78,636,091 66,116,396 49,001,658 |