change remained with little fluctuation through November. There was consequently less disposition to ship, and the results were as follows: EXPORTS, PORT OF NEW YORK. Total, 11 months. 1861...... $2,658,374 $27,193 $149,493 $12,053,477 $14,948,437 372,561 10,048,832 20,332,375 449,948 14,050,437 23,684,915 256,680 13,046,389 17,833,701 14,734,993 19,061,471 9,867,614 43,358 19,476,947 26,797,936 $55,763,873 2,745,359 $4,548,488 $134,374,479 $197,432,192 3,343,237 2,079,473 4,709,445 117,574,551 127,906,700 The nominal aggregate for the month, including specie, is very largelarger than in any previous November; but it will be borne in mind that this amount is not realized. It is the paper value here; to ascertain the real value 25 per cent must be deducted, since the inflation was 33 per cent in gold. Hence the value of produce exported was about ten and three-fourth millions, which nearly covers the face of the imports for the month, leaving a large sum (nearly $6,250,000) in specie for government wants, interest, etc., etc. The specie movement is as follows: 1,246,029 $22,855 627,767 Feb. 1... 1,514,154 289,669 66 9... 1,052,313 15... 1,056,426 66 22... 855,755 115,698 854,000 187,253 759,247 628,708 12... 1,110,231 323,906 Received. Exported. Gold in bank. Price of gold. 14... 617,361 18,976 352,391 1,990,327 31,162,048 41 a The receipts of specie from San Francisco continue to be much less than for the corresponding time last year, and this decline is a consequence of the state of the markets for goods here, which bear paper prices and sell less readily. On the other hand, the export of specie has continued more rapid than last year. At the close of November a reaction in the price of gold in some degree checked the current towards the city, and the amount in bank declined under the paying drain, while the price again rose. The wants of the general government to meet its interest January 1, were considerable, and added to this was the maturity of $2,883,364 of 6 per cent stock, payment of which was made in specie. It is no doubt the case that the government ought to pay its stock in specie, because it had gold for it originally; and if the holder of the stock make a profit of $750,000, by getting equal to gold, it is not their fault, but that of the department which brought about such a state of affairs. When the loan was contracted gold was paid into the Treasury as the only constitutional currency-a currency common to the whole world. If, for certain political purposes, the Treasury department discarded gold and forced paper upon the people for a currency, it cannot thereby repudiate one quarter of a just debt. When paper money is inaugurated and the government contracts a loan in paper, the lenders are supposed to know what they are about. They can only get paper back, and must take their chance of its future value, which is likely to be little enough. The decline in the amount of domestic exports for the month of November grew out of the heavy state of the exchange market. Commercial bills were with difficulty negotiated at the rates of October, and at the same time prices of American produce were lower in England, affording less margin for shipment, even with the high nominal rate of bills, which have ruled as follows: 4.00 a 3.92 44 23, 143 a 144 66 30, 141 a 142 Dec. 6, 144 a 1478 64 13, 144 a 146 66 20, 144 a 146 The 27, 1461 a 147 There was a gradual decline in the importations and the remittances of money to Europe, which checked the demand for bills, and they became rather weak; but the outward current of specie was not checked. movement was aided by the efforts to get the price of gold down during the early part of November, by selling for future deliveries at lower rates. The gold being wanted for shipment was readily taken by shippers, who sent it forward when delivered, profiting at the expense of the speculators for the fall. The harvests of England and Western Europe are not of the best descriptions, but the supply of old grain on hand is such as to preclude high prices for the present, while the large importations of cotton, at high prices, from India cause an unusual demand for the precious metals for that destination, and by so doing accelerate the drain from the United States, ahd therefore assist to depreciate the currency here. 54 a 55 54 a 55 47 a 48 96 a 964 55 a 56 55 a 561 484 a 49 97 a 98 STATISTICS OF TRADE AND COMMERCE. THE TRADE AND COMMERCE OF NEW ORLEANS. THE following comparative tables, showing the trade and commerce of New Orleans, form an important part of the history of the times. One can scarcely estimate the loss our country has suffered by this war. We get glimpses of the truth in such figures as these: STATEMENT OF COTTON. Stock on hand 1st September, 1861.... .bales Arrived since taking stock.. Arrived previously... Total receipts for 12 months...... Made from waste and damaged cotton, samples, etc. Total exports 12 months. .... Burnt in presses and on shipboard April 24th, about Stock on hand 1st September 1862.. 10,113 150 38,730 38,880 1,000-39,880 49,998 382 27,296 27,678 22,200-49,878 120 STATEMENT OF TOBACCO. Stock on hand 1st September, 1861.... hhds. .... 15,121 Arrived since taking stock... None. Arrived previously 1,063 Total receipts for 12 months 1,063 16,184 Inspections from Sept. 1, 1861, to Aug. 31, 1862. Comparative Arrivals, Exports, and Stocks for ten years, from 1st Sept. each year. COFFEE, SUGAR, AND SALT. Direct imports for 3 years, from Sept. 1 to Aug. 31. 1859-60. For 12 years, from 1st September to 31st August. EXPORTS OF COTTON AND TOBACCO FOR THREE YEARS. Commencing September 1 and ending August 31. |