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IMPORTS, PORT OF NEW YORK.

-Entered forSpecie. Free goods. Consumption. Warehouse. Total. January.

$101,906 $2,413,649 $8,741,227 $4,482,794 $15,739,676 February..

213,971 783,561 7,372,539 3,657,776 12,037,846 March..

123,616 1,328,806 11,461,672 3,454,680 16,370,524 April..

107,061 1,828,216 9,493,830 6,456,208 17,385,315 May

197,217 710,021 7,980,281 5,437,404 14,394,923 June

109,997 780,963 6,328,581 6,877,885 12,597,426 July

182,245 683,880 9,080,210 4,927,265 14,173,600 August

113,877 509,781 10,004,580 4,409,891 15,038,129 September

78,231 786,864 11,203,535 3,431,310 15,499,940 Total 9 months $1,288,121 $9,325,831 $81,666,355 $45,327,610 $137,547,817

1862.... 945,577 18,809,755 82,625,172 35,475,891 137,856,895

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dance of paper.

The quantities taken out of warehouse in the last sixty days have greatly exceeded the entries. The quantities put upon the markets have been, therefore, much greater than the figures for the arrivals. The absorption of these goods by the retailers and consumers has been very active, as well in consequence of the previous great economy in consumption, which left the public bare of goods, as by reason of the increasing cost of labor and materials, which make the cost of manufactures higher and the rise in exchange and gold, which so rapidly swell the cost of importation, The great general cause which underlies this rise, is the increasing abun

As seen in the above table, there is on the part of the Government now outstanding $446,000,000. Besides this, there will be emitted in November $50,000,000 of five per cent legal tender small notes, which were sold to the banks last month. The question has been raised whether these notes will increase the currency or be taken for investment. It is very probable that they will have both effects. The associated and other banks bold some $50,000,000 of "greenbacks” in reserve. These will be supplanted by the new notes, because the latter bear interest. The $50,000,000 reserves thus released will come more actively into circulation. During the month the New York Court of Appeals has decided in substance that the banks are not held to payments in specie under the New York constitution. The consequence of this is seen in the bank tables on another page, where the circulation, after a long period of contraction, has begun to expand. The new banks, under the national banking law, now amount to 105 in number, and are about to receive their circulating notes from the controller. These will be about $12,000,000, and will rapidly increase. The old country banks are also expanding their circulation to meet that demand for currency, which, by a sort of paradox, always attends rising prices, caused by redundant circulation. From these three sources, therefore-new legal tenders, new banks, and old banks—the circulation is in process of expansion, and consequently all prices are advancing. We may quote several here :

60

Coal. Sugar, Coffee, Iron, Copper.

.

Pork. Corn. Wheat. 100 lbs. 100 lbs. pig. January, 1862... $4 25 86 87 $17 25 $2100 $22 50 $12 00 63 $1 26 April, 1862. 4 50 6 87 20 60 21 00 23 00 13 25

1 30 January, 1963... 7 00 8 25 28 00 31 00 32 50 14 25 81 1 50 March, 1863 ...

760 9 25 29 00 35 00 33 00 14 00 90 1 62 July, 1863.... 8 00 10 25 29 00 85 50 32 00 14 25 68 1 25 October 20, 1863. 1000 10 87 32 00 36 00 34 00 16 89 1.00 1 28

Many other articles are now beld for an advance. All are affected by different circumstances, but primarily by the same cause. Coal, as an in

stance :

The quantity mined this year to date, is.... tons

Last year...

7,657,526
6,212,865

Increase..

1,444,661

Notwithstanding the scarcity of labor that has caused the cost of mining to be largely increased, the quantity mined has been swollen, but not enough to meet the demand, which is mainly from the Government, and paid for in “greenbacks.” One million tons of coal for iron clads, that cost the Government last winter $4,500,000, now costs it nearly $10,000,000. The duties and exchange rise in proportion to the advance here, as is the case with sugar and other articles of import. The.general prospect of a further increase of paper induces holding, to avail of the ad vance. The exports of produce in the month of September were, to some extent, larger than in August as follows:

EXPORTS, PORT OF NEW YORK,

January.
February
March.
April.
May
June
July
August.
September

Specie.
$4,624,574

3,965,664
6,385,442
1,972,834
2,115,679
1,367,774
5,268,881
2,465,361
3,480,385

--Foreign-
Free.
Dutiable. Domestic

Total.
$73,111 $668,275 $14.829,398 $19,695,351

43,889 610,009 17,780,586 22,400,148 213,685 758,266 16,187,689 23,695,082

74,949 375,224 11,581,933 14,004,940 101,337 602,254 13,183,510 16,002,780 49,380 298,067 14,780,072 16,495,293 77,232 448,601 15,298,073 21,092,787 90,813 231,774 10,666,959 14,454,809 55,400 238,972 11,717,761 15,492,518

Total 9 months $32,846,494 $779,798 $4,231,442 $125,475,981 $163,333,175

1862.... 42,843,139 2,520,616 3,829,403 100,837,192 130,487,221

The price of exchange in September was about ten per cent higher than in August, which is about the extent to which the value of the domestic exports increased. On the other hand, there was a decline of prices in England that involved shippers in loss. The general result of business for the nine months has been as follows:

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With the increased imports that followed the fall in gold in August, the outward movement was resumed as follows:

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May

SPECIE AND PRICE OF GOLD. -1862.

-1863. Received. Exported. Received. Exported. Gold in bank. Prem. on gold. January 3.

442,147

681,448 35,954,550 341 a 844 10. 885,928 1,035,025 1,277,788 726,746 36,770,746 34 a 39 17. 547,703

1,380,247 37,581,465 40 a 49 24. 627,767 322,918 678,841 780,816 88,549,794 47 a 50 81.

310,484 ... 1,331,027 88,894,840 487 a 60% February 7. 854,000 976,235 301,860 1,277,000 38,243,839 674 a 57

14. 614,146 1,156,164 359,978 1,162,846 38,426,460 633 a 537 21. 759,247 934,512

520,017 37,981,310 64 a 64 28. 741,109 510,774 285,394 1,377,016 39,512,256 71 a 72 March 7. 679,074 586,236 1,243,531 733,643 39,705,089 621 a 53 14. 677,058 477,885

3,640,550 36,110,086 641 a 541 21.

540,968 249,514 1,201,907 33,955,122 63 a 54} 28. 490,368 779,564 159,105 1,050,156 34,317,691 41 a 42 April 4. 581,293 673,826 260,778 473,885 34,267,121 63 & 54 11.

1,605,728 250,728 607,059 35,406,145 46 a 521 18. 617,279 693,486 217,602 , 158,487 36,761,696 62 a 587 25. 635,546 1,151,300 256,604 629,855 37,175,067 47 a 51} 2. 410,804 712,275

294,998 36,846,528 48 a 304 9. 484,019 1,574,166 205,057 461,827 38,102,633 681 a 47 16. 604,682 1,093,031

661,996 38,556,652 49 a 497 23. 501,204 938,032 258,570 438,745 88,544,865 484 a 49 30. 224,911 881,452

279,994 37,632,634 444 a 441 June 6. 553,035 1,647,299 318,066 411,483 87,241,670 46 2 467 13. 352,391 1,990,327

235,364 87,884,128 48 a 484 20. 612,461 3,156,988

522,147 88,814,206 42 a 431 27. 393,212 8,094,101 187,082 134,432 38,271,702 46 a 464 July 2,647,060

347,807 88,802,826 44 a 441 11. 641,451 2,424,916 254,947 401,936 38,712,397 327 a 32} 18. 441,179 1,846,023

2,190,781 38,254,427 23 a 231 25. 784,537

1,725,748 35,910,227 26 a 26} August 1. G. Gate lott 748,523 270,182 480,374 33,746,681 284 a 29 8. 964,422 890,552

530,044 33,156,548 261 a 27 15.

700,431 313,612 1,210,230 32,874,913 25 a 251 22. 1,089,111 919,825

238,898 31,620,499 244 a 25 29.

1,137,644 231,854 1,379,710 82,030,055 244 a 24} Sept. 5. 807,063 551,097

809,799 31,989,381 324 a 33 12.

1,012,835 279,043 852,752 32,018,107 28 a 29 19. 934,415 490,865 193,584 535,796 31,014,411 32 & 33

26. 758,286 996,892 277,880 1,411,611 30,008,566 39 a 394 October 3.

713,076

803,583 30,064,614 421 a 424 10. 807,616 2,255,513 268,282 2,555,656 29,927,281 464 a 47 17. 1,714,851

1,206,950 28,382,473 514 a 52 24. 768,121 2,024,380 267,911 1,243,273 28,804,281

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Total.... 18,063,938 43,280,075 8,541,978 88,307,427

It will be remembered in this table that, notwithstanding the rise in gold, the quantity in bank bas steadily declined. The Treasury paid out some $3,000,000 in the first week in October for interest, notwithstanding which the banks had lost $10,329,924 since July 11-little more than three months. This continued drain, no longer replenished from the interior, diminishes the available quantities at the command of shippers • and renders the exchange market very firm. It was the case, however, that when exchange was low in August many speculators bought and importers took options of exchange for 60 days. These were realized toward the close of October, making the market weak. The rates have been as follows:

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RATES OF EXOHANGE. London. Paris. Amsterdam. Frankfort. Hamburg. Berlin. Jan. 3, 146 a 1477 3.85 a 3.80 56 a 667 66 a 564 494 a 494 982 981

10, 149 a 152 3.727 a 3.67$ 56 a 58 671 a 584 50+ a 517 99 a 100 17, 160 a 162 3.52} a 3.45 601 a 611 61 a 621 64 a 55€ 108 a 110 24, 162; a 163 3.50 a 3.45 61 a 614 611 a 62 54 a 544 107 a 108;

31, 171 a 177. 3.32 a 3.15 654 a 66$ 65 a 67 57 a 584 114 a 117 Feb. 7, 169 a 173 3.30 a 3.25 65 a 654 65 a 651 67 a 574 114 a 116

14, 170 a 171 3.32 a 3.27 65 a 654 66 a 65+ 564 a 571 1134 a 1144 21, 171 a 1792.20 a 3.12 67 a 681 68 a 684 69 a 60$ 1181 a 119}

28, 185 a 188 3.10 a 3.00 671 a 71 70 a 71 614 a 627 123 a 124 Mar. 7, 167 & 169 3.371 a 3.30 64 a 64 65 a 66 65 a 554 111 a 113

14, 168 a 171 3.35 a 3.30 64 a 64 641 a 651 654 a 564 112 a 114 21, 1691 a 1714 3.37} a 3.274 63} a 634 631 a 644 56 a 67 113 a 114

28, 157 a 161 3.67 a 3.47 61 a 62 61 a 62 53 a 54 107 a 108 April 4, 168 a 172 3.40 a 3.25 624 a 634 621 a 64 651 a 57 111 a 111 11, 158 a 162 3.55 a 3.45 61

a 62

61 a 62 634 a 541 106 a 108 18, 165 a 1674 3.371 a 3.45 623 a 624 62} a 63 541 a 551 108 a 110

25, 163 a 165 3.47} a 3.50 61 a 611 614 a 62 534 a 644 107 a 108 May 2, 163 a 165 3.474 a 3.42 614 a 624 614 a 624 531 a 541 107 a 108

9, 168 a 170 3.424 a 8.32 621 a 63 624 a 637 654 a 561 110 a 112 " 16, 1621 a 164 3.50 a 3.45 614 a 62 614 a 621 64 a 55 107 a 109 23, 161

3.52 a 3.45 61 a 611 61} a 62 54 a 54$ 107 a 108 30, 1564 a 158 3.62} a 3 65 594 a 604 60 a 604 521 a 53 104} a 106 June 6, 1581 a 160 3.571 a 3.524 594 a 617 60 a 604 624 a 531 105 a 106

13, 156 a 161 3.55 a 3.471 591 a 61 60 a 614 524 a 54 104 a 107

20, 155 a 157 3.62 a 3.574 587 a 69 681 a 59 01 a 69 103 a 104 June 27, 159 a 1604 3.55 a 3.50 594 a 601 60 a 608 624 a 524 106} a 107 Julyll, 143

3.95 a 3.85 64 a 547 64 a 554 477 a 48$ 94 a 96 18, 138 a 139 4.07 a 4.02 514 a 52 50 a 524 467 a 464 92 a 93 25, 138 a 139 4,10 a 4.05 .514 a 527 514 a 521 463 a 461

91 a 92 Aug. 1, 140 a 1414 4.067 a 4.00 524 a 53 524 a 531 461 a 477 921 a 937

8, 1394 a 140+ 4.06 a 4.00 523 a 524 527 a 524 461 a 47 92 a 92 15, 1375 a 1881 4.124 a 4.084 51} a 52 52 a 52+ 451 a 46 914 a 92 22, 1371 a 1387 4.124 a 4.08% 014 a 524 52 a 527 453 a 454 904 a 914

29, 1354 a 1364 4.10 a 4.15 51 a 514 211 a 514 45 a 454 90 & 91 Sept. 5, 141 a 147 4.00 a 3.90 521 a 561 527 a 52 464 a 48 953 a 964 12, 142 a 1441 3.924 a 4.00 53 a 531 531 a 54 47

93$ a 944 19, 146 a 1474 3.874 a 3.83 541 a 55 544 a 55+ 48 a 481 954 a 97

26, 151 a 1527 3.774 a 3.717 564 a 564 564 a 57 491 a 50 99 Oct. 3, 154} a 157$ 3.65 a 3.57 58 a 59 587 a 597 514 a 524 103 a 104

10, 160} a 162 3.55 a 3.484 603 a 61 604 a 613 53 a 534 1061 a 107)

17, 1681 a 172 8.334 a 3.274 681 a 64 64 a 644 66 a 564 1111 a 113 The rapid change in the value of bills operates disastrously upon all business. Many importers, indeed, cover their sales early in the season by taking options of thie bankers, who, in their turn, covered themselves with gold or produce bille. There were also many who were sanguine of a further fall

, and who suffered in the rise. These interests were all opposed to a rise in gold, which has become the point on which values turn, since, being no longer a currency, it is only a commodity.

The activity of business on a cash basis has been accompanied with a continued abundance of money; the most important demand baving been from stock dealings, and the rate bas been 6 @ 7 per cent. The accumulation of money seeking investment has been large, and the investments in the Government five-twenties have been greatly increased, since the fall of gold made those stocks, as compared with specie, much cheaper. This sudden increase of sales is attributed by many to orders on foreign account, which would compensate in some degree for a deficiency in exports in providing exchange. The prices have been as follows:

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96} 974

877

977

January 3,..

10.. 17,.. 24,.

31,.. February 7,..

14, 21...

28... March 7,..

14...
21....

28,... April 4,..

11,...
18,...

25,... May 2,...

9,... 16,... 23,...

30,.. June 6,...

13,... 20,...

27,... July 11,...

18,...

25,.. August 1,...

994

PRICES UNITED STATES PAPER,

August --6's,1881... 73-10, 1 year certif.

demand Reg. Coap. 5's, 1974. 3 years. oid. New, Gold. notes. 98 881 102 96+

341 a 344 29 98 90 103 97

374 a 38 35 914 914 884 101 95

49 a 467 48 95 96 90 102 96

47 a 481 444 927 94 86 1011

94

55 a 604 63 92 934 854 102 94

571 a 577 55 94 96 1023 96

535 a 537 51 967 974 911 1031 95

53} a 64 62 1001 1027 97 1053 984

71 a 711 71 994 100% 944 105 984

52) a 53

53 104 1047 98 1064 100

547 a 644 53 1037 1041 96 107 100

541 a 541
1041 105 961 1062 100

41 & 417
1045 105
1045 99

53 a 531
1041 105 977
105 1001

46 & 521
104 105 96 105 101

53 & 531 105 105 96 106 102 994 1511 a 1511 1051 1061 971 1061 102

150 a 150% 106 107 97 106 1011 997

1527 a 1521 108 108

974

107 1014 99% 149 a 1494
1083 1081

974
1071
1011 99}

1483 a 149
108 108 974 107 1014 994

1444 a 1441 104

1087 99 107 1014 973 146 ' a 1465 1044 1084 99 106 1011 98 148 a 1487 103 1081 981 106 101 985 1421 a 1434 102 107} 98 104 1001

1467 a 116 1044 105 97} 106 1005 98% 132 a 132 1011 106 93 1061 101 99 125 a 1254 1057 1063 97 1064

1007

985

126 a 1261
1043 1053

961
1061 101 99

1284 a 127
1051 1061 961 106 101 991 1261 a 127
1051 1051 97 1064 101

991 125 a 1254 106 107}. 97 107 1011 991

1244 a 125 106 107 95 107 1011 994

124} a 124
106 -106

95
106
1003

999

132} a 133
1061

106
101

128 a 129
106
1064

96 1061 1014 99% 1331 a 1334
1061 1061 96 1064 1011 999 1395 a 1394
107 1064 9,5 1067 1014 99

142} a 142 1074 108 97 106 1015 99 1464 a 147 107 109 97 1064 1021 999 1514 a 162

97

8,...

15,...
22,...

29....

105

95

991

Sept. 5,...

13.... 19,..

26,... October 3,...

10,...
17,...

The amount actually sold abroad is, however, very small. As explained above, the United States stocks can be bought cheaper in London than in New York. The continued large subscriptions by brokers, new banks, and others, towards the close of October, caused money to become dear and affected the price of stocks. The situation was nearly the same as in June last, when the conversions to 5-20's caused the rate of money to rise to full 7 per cent, and induced a withdrawal of the five per cent deposits with the Treasury. On the 25th of June notice was given that deposits would be removed, the amount on hand having fallen below the legal limit of $100,000,000: The same dearness of money now shows itself from the same cause, but the banks hold $25,000,000 of 5 per cent certificates, heretofore paid in gold, but which ceased on the 1st November. Those certificates may now be paid in " greenbacks," and thus ease the market.

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