760
COMMERCIAL INTELLIGENCE-
MANILA MARKET 19th April. Cotton Goods. The Flecha from Singapore and the Amistad from Hongkong have arrived du ring the week with heavy supplies of white and a few Grey Shirtings, and our Market is abou. dantly supplied for the present. There have been some sales of white at from 8.3 5 a § 4p. pce of 40 yds. according to quality.
A lot of American Drills of inferior quality have been disposed of at 8 3-34 p. pce., and of Domestics nt $3.3.6 p. pec.
The Importations of coloured Goods per Flecha ard on a very reduced scale-A few sales have been made but the particulars are not communica. ted. The following have been reported to us:
Bales,
690 dog, checked Hdkf
1920 do. Muelin
1225 do Verona
εξω, do.
$1.5.0 a $ 2-6.0 p doz.
2.5-0 a 3-5-0 do, 0.0.0 dy.
12
I-10 a ICO ps. 40 yds Derrics) and 7.16th. rs, p. yd.
Io corges Kambayas
,,40-0-0 a ,,35-00 a
94 do. do & Hakfa 2100 yds. 36 in. by 40 yds, checked Ginghams
500 ps. 36 in. by 40 yd, white shirtinge 500 do. 36 in. by 40 yd. do. do. 2010 be. Nos, 40.100 Sewing trad 6 rs. lb.
EXPORTS.
11
0.0.0 corge. 36-00 do. 14 rs, yd, ,,36.0p pce.
4.0.0 do.
Sugar. The market is very dull, and we have not heard of any operation during the week, except a few purchases of Zebn, Taal and Iloilo for Sydney
The last contracts for current qua- lity have been at $ 3-7.0. Hemp has been sold during the week at 3-6-0 and the greatest part at $ 3-5-6 p. pl. unscrewed Rice The eight or nine vessels that were lately trading with it, having completed their cargoes and sailed, the demand is less but the article is scarce, and the price $ 1-75 p. pl. on board, Sapanwood, We have had considerable arrivals, and some of mixed quality, has been sold at $1. Segars.The next delivery from the Factory is fixed for the 10th of next month, but is expected to be short of the demand. Exchange on England Some & ms. Bills have been sold at 4-34, and £ 2000 of Bank Bills, at
30 ds, at 4.
Tonnage wanted for Europe.
CURRENT FREIGHTS,
L 9-10 a 4 per ton of cwts.
1 19
For London, Sagar
Continent,
ST
Coffee
... 4 0
"
$.3
Hemp
4 4
Hides
4 10
"
Cassia
0 0
Coco nut vil
U 0
3
0
0
Sapun wood
50 cubic feet, on of 20 cwts. box of pecul 50 feet.
ton of 20 cwis. Singapore per 1000 segats 13 10 2 ra.-Pęc of weight to re, China 20 a 25 cents of e dollar p. pl. on Rice & Paddy
LATEST DATES.
London 6th Dec. via Singapore.
Singapore 5th March, por Flecha,
Batavia 19th Jan. via China.
China 10th April p. Huntress
The U. States. 19th Nov. p. The Perkins, Sydney Jan. 21 per Morey Shiai,
MONTHLY COMMERCIAL CHRONICLE. New York, Dec. 1814.
THE FRIEND OF CHINA AND HONGKONG GAZETTE.
drawn, enabled others to advance the rate on their uld loaus at call? The imports into the port of New York have been, for ten months, as follows:
IMPORTS INTO THE PORT OF NEW YORK.
Datiable Goods, Free Goods.
$32,023,702 $6,656,263 $35,619,962 6,543,331 707,452 7.951,281 9,537,279 1,121,220 10.652,500 7,846,050 825,812
8,631,893 4,610,667 Feb'r. 1814, 3,913,283 697,184
May 1814, . August 1941,
January to July, July, August, September, Ocicher,
Total
Free
Total $4,426,400
4,104,852 1,160,637 5 205.519
Canvas-Eng, and
Scotch Cochineal
1,009,164 3,547,328 Copper, sheathing
24 0 EX
90 per bol
Total.
Capital. July 1841. January 1812, July 1912,
Bk Com'ree, Am. Ex. Ak.. $8,271.000 -$1,155,400
}
8
0
112 0
J
#
O per pient
0 0.
2,539.161
4,478.139
1,37 1.382
5.850,521
January 1813,
9.777 997
1.459,901
1,936 901
S. Am. Cordage,
20 0 C
€
"
European 8
0.14
9 0
August, 1849, Nov's. 1843,
2.818,265
£319,125
0
9
<<
2.457.597
5,468,111
sh. ps. T's.
2,515,917
.6 269,961
Madras
5.9
7 4
7.217,788
Bengal
6 4
L
7
'
6.779.978
Norr. 1844,
3.605,514
3751,747
5,193,41 COTTON, Bombay, 54.
*4 602,942" 2,614,816. 2,918,658 2 861.320
Corros of all kinda continues dull, with a slight declin 4,275,113 2,821,979 7,097,092 an last weeks prices. The American Exchange bank became a deposit | COTTON GOODS. bank in July last; and it appears that, in Septem White Shirtings. her, the government deposits with the two free banks nearly equalled their capitals. The same was the case with the two chartered banks, in July and in
3. 20 per piece
CA
17
2.50 Groy ditto ditte. 2 60 X 20 2. SHIRTINGS -No improvement in price sales moderate,
Yarn, Nos. 16 to 21 26 0 27 50 per picul
Nos. 18 to 32 28 ก * 29 0 31 Nos. 38te 42 32 0 433 0 Yarn a quoted a shade lower, in consequence of same holders, showing a desire to realise,
Chintz Furniture 2 0 =; 3.50 per piece. Nomina! METALS: Pin, Banca Straits
Iron, Nail
Hoop
Plites
18.0
15 30
5.80
2 10
2. 0
is
1.80
* 18.50 per pient
14 0 5+
** 60 per box
2 20 per picul
2 10
*
100
4 U
+4
4 50
0.20
0
D per box
4 Bar Steel Tin plates Lead Pig Quicksilver
130
0 Mera's.--With the exception of Lend, there is no war- ket for meuils at present; lead has somewhat improved.
0 630 O per chest *.okl, 680 0 4695 0 Benares, new. 610 0 590 0
old, 630 0 *685
4 80 << 5 O per picul
$59,863,615 · 10,008,000 69,832,306 The fall trade did not meet the anticipation of the importers & the imports of goods felloff very rapidly- notwithstanding which, the demand for bills, for remittances, continued good, and the rate of sterling hills firmly maintained. Money, however, being much higher in value in the United States than in England, leading houses were disposed to supply October. The lans of these two latter banks, in the market with bills at 10 per cent. From Sep. Angust last, reached, the utmost limits of the stite tember to December, is usually the season of the laws, viz: twice and one-half the capitals. The year when the supply of bills is the smallest, and deposits with the American Exchange lauk, in the demand the greatest. Therefore, if at any August, exceeded its capital by 30 per cent. Now, period of the year shipments of specie take place, when the deposits in an institution like this flac. it is in that quarter. At this juncture, the conting tuite from $119,280 to near $2.000 9:10, in three ed fall of coston abroad occasioned a failure, and months, a convulsion in the market is inevitable, the return of some bills. These, although of small because such a bank will not receive the money amount, and promptly taken, served to make without using it; and, by pouring Dals, 2,000,000 remitters cautious of cotton bills, and rather dispes in one channel of business, it affects the price of led to give a higher rate fer specie than to risk the money; and, when agin with drawn by govern inconvenience of return bills. The demand forment requisitions, distross is the result, Now remittance was also increased by the foreclosure of based upon government deposits, these four banks. the Holland-lien upon the Morris canal. This have, within the year, increased their loans 16 to 2.
During the last quarter of the year, loan, amounting to $900,000, was contracted per cent. several years since, and secured by a mortgage competition sprang up among individuals a upon the canal and the whole franchise of the banks, for the possssion of the public money. The company. The canal cost over $1,000,000, and four York York city deposits banks, at the close of OPIUM, Patna, new, 610 was sold out, under the foreclosure of this mort. the last session of Congress, procured the passage gage, for some $1,000,000, and purchased by of a bill making them the exclusive depositories for some sagacious capitalists of New York, who ap. the city of New York. Flence, as the surplus
16 Turkey . 180 0 430 O per picul preciated the value of the work. The amount accumulated, near Dols 4,000,000 was drawn from
Tho want of arrivals (Para Hengal, aloúc tends to support paid over to the Holland agent being promptly the city of New York, and placed elsewhere. remitted. occasioned an important demand for bills appears, in the above table, that the deposits ar
3 80 +4 0 0 at a moment when the supply was the most limiter, Washington increased from Dols 455 000 in Jme, prices of Patna and Benares. and specie, to some extent, was sent forward, pro to Dols: 2-10,378 in October; of which amount, Pepper bably reaching an excess of export, for the year near one half was deposited with an individualties, cargo quality ending November, of $1,000,000, This rise in broker's house. At the same time, in consequence bills, and export of specie, took place simultaneous of reduced imports, the customs hd considerably ly with the usual contraction of the New York diminished. The means of the. New York banks. banks, preparatory to making up their November sustain their loans were this gradually diminish returns, and also with a removal of the deposits of ed, nutil, in November, a considerable portion of the remaining deposits were removed to Boston, the federal government; which, having ranged as
to meet that portion of the loan do in January. high as $0,000,000, were suddenly removed to other quarters, (mostly to Boston,) in alleged The removal of the deposits, contraction of the preparation for the redemption of the stock due in bales, and export of specie, occurred at a momen when the result of the elections had been such as January, 1145.
That stock cousists as follows; -~~
to induce large sales of stocks, that had been prev:- Date of Loan. Redeemable. Rate of Interest. Amonat. September, 1-41, January, 1845,
33,213,000 ously phrchased on speclaution. These events September, 1811, January, 1845
249,000 produced a kind of panic, and stocks fell heavily
contributing to the gloomy feeling among a portion of the community, consequent upon the desappoint ment of the bright anticipations they had entertain ed from a differen resul of the elections.
Total,
A G
$5,652,000
The loan was taken mostly in New York and Boston, at a time when the government distress was very great, and when exchanges were adverse, in consequence of the large imports of the year ending September 30, 1841. During the past year, as is well known, the revenues have been large, and a cousi lerable surplus has accumulated in baults; and, by official returns, has been dis tributed as follows:
Corcoran
UNITED STATía. Deposits.
B
ན་ ་་༦
Banks. June 21. July 29. Ang 26. Sept: 23. Oct. 28.
.8
*
$ The state of the m'rkets, generally, has been power-N.York, 4.388,161 3,971.229 6.11 9,5 1 6,334, 135 5,37 1.005 fully affected during the month of November: in
Peston, 1,516,585 1,409,321 1,772,685 1,989,119 2,138,207 part by the result of the elections, assisted by the philadel
688,813 nhiên, . .
941,254 1,036,883 917,125 1,310,382 position of the cotton market, and the movement. of the government funds with the deposit banks, Washing
ton... 455,757 477,946 495,7.9 863,081 1,310,382 simultaneously with the quarterly contraction of the New York banks; preparatory to their return
940,971 1,109,096 of November 1. We have remarked, in former numbers, that money has, for eighteen months. been generally plenty and that the banking Detroit. institutions, in justice to themselves, have uniformly All other, 1,213.326 1,532,623 1, struggled to obtain a high rate for money, la this, they have occasionally sucecoded. in Nov., 1843, money was at 33 a 4 percent; in February,
Riges,
New Or
leans,. 02,668 261,951 251.966 253.314 296,379 170,718.243,031 195,023 96.00G 131.188
1,886,491 2,381,515 2,380, 4.7
Total
$4,747,163–10,62,612-11,520,9305-13,875, 191–13,920,251.
In June, the New York banks held one half the
it was worked up to 7 per cent. It subsequently whole, which was less than their proportion;
fell to 4 per cent. In June, it was again at 7 per | because the importers of New York pay into the cent. It again became easy; and, in November, federal treasury two thirds of the whole customs,
per cent was again the rate. These fluctuations arose from the fact that, when the banks, succceded in obtaining a high rate, individual capital and funds from the neighborhood immediately flowed in for employment, and the inertased supply reduced the rate. In the course of this struggle, however, the liabilities of the banks have been considerably
increased.
IMMEDIATE MEANS AND ABILITIES OF THE NEW YORK BANKS. Immediate Liabilities.
$
Aug, 1843. Nov, 1943-Aug, 1813 Nov, 1841.
8
$ Dep wits, - 94,079,230 27,383,160 29,757,125 30,301,62% Nett circula.
tion, • 9,3×2,531 12,952,055 15,319,205 $7.647,193 Bue banks, 9,611,910 4915510 774148 5,664,110 Canal fand, 741.312 1,157,203 1,2:0,791 1,531,553 U. States, 4,033,385 1,615,320 3,671,17 3,786,261
Total, 48,149,171 48,085,252 56,735,410 58,023,72%
Immediate Means. $3
8
$
功
The duties so paid are an advance to the govern ment, by the importers, of the duties intended to be levied upon the goods when consumed. It is money taken directly from the capital employed in commerce. If, therefore, a surplus accumulates beyond the immediate wants of commerce, it is clearly an act of justice that surplus should be placed in a position to ho re-loaned to those that To do this in's just manner, the money paid it in.
hould be deposited, pro rata, among all those banks of the city, the customers of which pay the duties. Instead of pursuing this evidently just and easy course, the depa iment has placed the deposits with far banks, only two chartered, and two free banks. The chartered banks are restricted in their loans, by a law of the state of New York, to sum equal to twice and a half their capitals. The free banks are unrestricted. These deposits have been made as follows:-
UNITED STATES DEPOSITS IN NEW YORK CIex. }
Chartered Banks“
Specie,. 14.001,779 11.5 2.789 18,191,974 8,968,702 | Jane 21, Cash items, 2.734.417 3.1@2,56 4,816,867 6,017928 July 20,
Angest 16,-
October 22,
'k of Amer. Merchants',
1199.956 1.8 1.426 1,217.134 1,440,195 1.0.0,154 1.204312 1,982.551 1,32,146
B: Com'. Am. Ex. B.
VPARTE
537 280
1.2 3.336 241, 47 1.450,-76
Total.
Total.
It
The revenue and expenditure of the federa' government, during the past year, have been, from official quarterly statements, as follows:- REVENUE AND EXPENDITURE OF THE UNITED
STATES,
FOR
www.
THE YEAR ENDINGSEPT.
•
Malwa.new good 710 0 4720 0
1 80
2. 0
4
0
0 0
5 ·0
"
7
0
Rattans, Banjermassan
"Timor, & S. S, Isl. 4 0 Sandalwood, Malabar Saltpetro. WOOLLENS.
Spanish Stripes Long Ells, scarlet
Camlets. English
Dutch
well assorted,
Medium Cloth Ladies
1
4 25
י
6 0
静
ሩ
410 per yard
0
0 per picco 840 * 422046
« 30 0
"
1.00
8.30
8.20
C&
20 0
28 0
1 80.
"
23 per yard
1 20
F 30
The import market for nearly every description of marius factured goods continues very languid, but particularly so for Woollens,
Alum
Louisced Camphor
EXPORTS. —Os Board.
781 75 to 2 10 th 0 22 0 0
10 0
11
2.30.4 B
0 per picul
2 40 0.0
90.0 0
-Cassiu
30, 1845.
Buds China Roots Galangal Musk Rhubarb
17
SICK.
Taysanin.
Canton
Customs,
Lands.... Miscellaneous,
Loan of 1843,
Treasury notes,
Total,
Military. Civil, mis.. foreign,
Naval
Interest of debt,
Paid loan of 1841,
Treas, notes and interests,
Total.
Excess revenue
.814,602,798. 89,046,500 $11,225,500 $34,874,798.
Expenses.
3,621,513 1,692,978 $3,016,569 81,980.778 8 1,411,052 $ 5,708,309
2,825,482
551,879
.$13,419,506 85,876,039 3,103,983 1,063,983 1,183,392 3,170,162
$7,233,811 $25.529,176
3,991,656 9,345,622
-322,581
1.300,481
537,809
3,277,998
7,592,187.
1,906,206
6.032,169
81.404
1,171,091
231,600
4,799,530
23-4,600
This abilant
1.919,800
70.537 4.241
25.000
*July 30
Six mouths, to
Quarter
ending
Quarter ending
Stensher an
Total.
April 1.
1,137,814 500.500 50,000 $11,470,416 88,471.000 $10,750,000 $30,691,116 25.500
450.000
2,088,314-
· 146,037
1,944,800
revenue was derived
42413
from
the
cus-
toms almost altogether, which continued large up. to the close of Septeinber, being near $11,000,000 in the last quarter. The imports, however, then suddenly declined, and the receipts for Octuber. were about $1,100,000 only, or tear $1,000,000 less than the current expenses, Should this rate of 8132-581893 song decrease continue, the available surplus, after pay 3,020,9ing the outstanding loans and treasury notes, wil 2,697, be entirely absorbed; and, in November, a further Total, 16,826,196 11,605,545 15,158-35 15,015,626 | September 23,
2383,115, falling off was manifest The state of the markets Loans, - 58,593,381 €1,514,120 71,643.9.9 73,91,728
2,931,697 now, is by no means such as to warrant a renewal Free Banks. From August, 1813, to 1st November, a gradual
of imports to any considerable extent; and, there extension of loans took place. nimounting to
Jane 21,
$1.870,472 119,959 81,999,750 fore, the diminution of the revenue may lead to the $14,198,707, or 25 per cent of the loans then out-
July 29,
2,203,557, malification of those duties which now act in a standing; while cash means have diminished near August 90,
70.3 3
2,103,99 prohibitive manner. No great and radical change 1.937 $2,000,000, or 12 per cent. The nett circulation | September 23,
4,001,716 is to be apprehended in the general policy of the October, 25,
236,432 2,137,209 of the banks, or the actual amount of money put afloat by them, has increased $$ 300,000--a very
The amount with the two chartered banks has country. It is to be hoped that the great desidera considerable increase. The laps of the state
remained very uniform : while that with the free tum of permanency will be the object aimed at; and banks, on the 1st November, were higher than ever
banks has actuated to a very great extent; pro- to attain it, it is undoubtedly necessary that such before, with the single exception of the January bady owing to the fact that they were the recipients portions, if any there be, of the present regulations, return for 1837, just prior to the suspension. While of the customs for August and September, when as are ultra in their general character, should be this increase of business has been going on, the
the duties were uncomitaly large. The leans of modified; taking great care not to run into the op theac banks Iave been as follows:-:
posite extrems, in order to induce renewal chamor import trade has considerably increased; creating
toprenange. With these single exceptions, we do a demand for money, to sinne extent, for mercan
Tell not see saything in the political turizm likely to tile purposes, at the same time that it has drawn Capital,
$261.30 $1,300.00 $3.49120 interfere with the general advince, in commercial from the importers of New York, into the federal | Jale 1641,
1,164804 2,012,39 treasury, over $20,000,000; of which $13,820,251 | January, 1812,
July 112 was on deposit with government banks of the 1st of November. This goverumeid medey was, to a considerable extent, employed by the banks in making their louus; and, as it was deposited in Bur banks alternately, the successive contractions each was obliged to make, as the money was with.
January 1st. Asgust 1843. November 1943, Fuary 11, Mar 1:31. Augent 1-41 November 1:466,
Chartered.
Asser. M'achanka."
2,029,00 1:13699 1.90.105 19:1.000 3,034,149 3,642413
3.913.3 3,312,03%
4.-37.92 4.00 $7 4,374,854
3:80236 3,72,661 Selec
1 * 5019, re *.132.3
337,773
2 7615:3
3.3513.4
22.304 17
prosperity.
CANTON PRICES CURRENT.
*AD APRIs, ka IMPORTS -Dere Pub.
Ale chest brush} Xeber
$
13 per pimul
0 per eatly
30. 0600 perpicul
450
0 120
0
450 0
0 }
280 30 1850
Silk the transactions during the work were farge-salont 1000 bula. Tailee was placed at from $655 to $66.;
being a little more favorable for buyers,
TEA.
Congou
Caper
Souchong Orange Peken,
Twankay
34
fine scented.
Hyson Young Hyson
Clumpowder
Hyson Sk.u
Imperial
42110
13 0 23. 0
17 {}
20
093
0
17
{}}
* 23 0
40 0 **46
19 0 23 0
43
อ
*4'95 0
23 0
** 80
19
0 0.36 0
40
0 83 D
87
0.4 80 0
Tea-The shipment of teas, in Groat Brinen stilegnes, one-Theexpart from ler July to date is 29.033,316 lbs. with' about 500,0 1 bà, from Shanghai..
ExroRT OF TEAS TO GREAT BRITAIN FROM 30TH
JENE TO IT APRIL.
In 70'Ships, from the Lady Amhrist to the Dowthorp
Green, - 8,097,786 lbs. Black,
20 703,392
13
Total 38,401,179 lbs.
Two SHIPS is Apart.
St. Vincent,Green
1:30,700 lbs. Black 570,609 Beulah,-Green 1:35,700
Black 400,130
In April, 1.92,138 th,
Syceo Silver, large, 3 per cent, preincim. Spanish Dollars, Ferdinand, par
Carolus, HF por cent. Republican ditto, 3 to 4 per cent ficuunt,
EXCHANGE. Billa on London at 6 months aight, is 34 to ta td.
Treasury closed for Spanish Dollars. Navy Bills, 44, 24 to 44. 3d per Mexican dollars, Court of Directors accepted Bills are scarey, holders asking 225 Rs. per $100,
PRICES OF BULLION.
FREIGHTS.
To Londonor Liverpool, £3. Lasin £1. per ton of To Amoy,
a tonnage scares.
6 per ton of 40 feet. To ports north of Amuy, 8 to 1
The commst parchaser of tev hase mused a depend-for- mare, sot fest of the availabbi dupa haru beva rakmı, up as from £3, La., 40 £1.
Tory,
Earl Crey! faiza.
Ships Loaillag.
Ter
Edial Printal and Published by Justs Cann At The Pricart of Chlive and Hongkong Duzetur, Printing Offre Queus's Reap, Vironia, Homose 1945,
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