Garnet Mining Company, has been incorporated by the Legislature of Virginia, and are now making arrangements to prosecute the enterprise on a more extended scale. We gave in our last, a statement showing an important decline in the imports of foreign goods at New York for January, as compared with the corresponding period of 1851. We now annex a similar comparison for February, by which it will be seen that the falling off continued throughout the month. This falling off is most noticeable in the goods received at the port, as the withdrawals from bond, owing to the decreased receipts, have been larger than usual; we present a summary of both : Year. IMPORTS ENTERED AT NEW YORK FROM FOREIGN PORTS FOR FEBRUARY, Total. Entered direct. Ent'd wareh'e. Free goods. Specie, $9,249,577 1,240,329 1,208,036 164,031 12,054,403 $1,678,321 Decrease in amount thrown on the market..... Here we have, exclusive of specie, a falling off in the value of goods received at the port of $2,751,088; but owing to a less stock left in bond, the decline in the value thrown on the market, is only $1,624,583, or including specie, $1,678,321. This makes a total decline in the value of goods entered at the port of New York for two months, as compared with the first two months of 1851, of $7,101,742, exclusive of specie. The falling off in the amount thrown upon the market for the same time is $5,184,578. The decline in the actual receipts, as shown above, is equal to over 25 per cent on the whole import. There is no probability that this ratio of decrease will continue throughout the year. The month of March may even show a slight increase over March, 1851, but there can be no doubt but what the decrease for the year will amount to 10 per cent of the gross receipts for the previous year. It will be interesting, in this connection, to inquire what portion of the decreased receipts were dry goods; and it will be seen from the annexed comparison that the value of this description of merchandise entered for February is less by $1,878,796 than for Feb. 1851, showing a decline of 27 per cent. The amount thrown upon the market, however, only exhibits a decline of $1,090,297, the stock in bond being drawn upon more liberally. We extend the comparison back to 1850. IMPORTS OF DRY GOODS AT NEW YORK, FROM FOREIGN PORTS, DURING THE MONTH OF The total falling off in the receipts of dry goods entered at New York for the months of January and February, as compared with the corresponding period of 1851, is $3,323,984; the decrease being divided about equally among the various classes of fabrics. This will be fully shown in the following statement: IMPORTS OF DRY GOODS AT NEW YORK FOR JANUARY AND FEBRUARY. The exports have largely increased throughout the country, since the 1st of February, although for the month of January they showed a decline as compared with last year. For the month of February the shipments of domestic produce from the port of New York, exclusive of specie, have increased $767,157, being more than enough to balance the decline for the previous month; the increase in the exports of foreign produce is $59,704, making a total increase in exports, besides specie, of $826,864, as will be seen by the following comparison : EXPORTS FROM NEW YORK TO FOREIGN PORTS FOR FEBRUARY. The following will show the exports from New York to foreign ports from January 1st to March 19: From this it will be seen that there has been a large increase in the exports of breadstuffs since January 1st, both in flour, wheat, and corn. This increase has not been confined to the Port of New York, but at the Southern ports large quantities have also been shipped. The foreign market is hardly as firm for our cereals as at the date of our last. But the decline in price seems to have been owing more to our abundance than to any falling off in the foreign consumption. All who view the subject impartially are satisfied that high prices could not be maintained after our inland navigation should have been resumed, and it is thus far better that the rate should be fixed at a price less liable to fluctuation, before the supply has left the hands of the producer. Besides, the interior is full of flour and grain, and we can only find a market for it by stimulating the consumption. This can only be done by furnishing it at a moderate price. If we can throw our surplus upon the European markets and secure an increased demand, even at a low price, it will sweep off the accumulation of the previous large crops, and give a hope of better prices hereafter. JOURNAL OF BANKING, CURRENCY, AND FINANCE. BUSINESS AT THE UNITED STATES MINTS. We have compiled, from official returns, the following statement of the deposits and coinage at the United States Mint, and branches, from their organization down to the close of 1851, which will be found very useful for reference, and contains many items of present interest: DEPOSITS OF DOMESTIC GOLD FOR THE YEAR 1851. Total from organization.... $180,184,297 $77,962,409 $1,395,836 $259,542,542 PUBLIC DEBT OF OHIO. The following summary statement of the debt and annual interest of the State of Ohio, on the 1st of January, 1852, is derived from an official source:— This forms the total redeemable debt, and is exclusive of school and other trust STATISTICS OF BANKING IN THE STATE OF NEW YORK. We are indebted to D. B. ST. JOHN, Esq., the Superintendent of the Banking Department, for an official copy of the first annual report from that Department, (since its organization,) as required by Chapter 164, Laws of 1851.* It presents a clear and comprehensive view of all the banks, banking associations, and individual bankers from which reports have been received. The substance of this report we have embodied in a condensed form on the present and subsequent pages of the Merchants' Magazine:— The whole number of banks, banking associations, and individual bankers doing business on the first day of December, 1851, is two hundred and forty-four, as follows:Chartered banks, 72; banking associations, 95; individual bankers, 77; total, 244. Since the date of the last report by the Controller, the charters of two banks have expired; their aggregate capital was $509,600, namely, the New York State Bank, 369,600; Bank of Newburg, $140,000. A majority of the stockholders of both these institutions have formed associations under the provisions of chapter 313, Laws of 1849. During the year, 37 banking associations and individual bankers have deposited the securities required by law, and commenced the business of banking, namely: ASSOCIATIONS.. Citizens' Bank, New York. Goshen Bank, Orange Co., Goshen. Merchants' Bank in Syracuse, Syracuse. Metropolitan Bank, New York. Bank of North America, New York. Rome Exchange Bank, Rome. Bank of the Republic, New York. Union Bank of Sullivan Co., Monticello. The amount and character of the securities deposited by the 26 banking associations above named, is as follows, namely: Commercial Bank of Clyde, Clyde. Dunkirk Bank, Dunkirk. Bank of Chemung, Elmira. Excelsior Bank, Meridian, Cayuga Co. Bank of Havana, Havana. Mechanics' B'k of Watertown, Watertown. Lumberman's Bank, Wilmurt, Herki'r Co. | Valley Bank of Lowville, Lowville. The amount and character of the securities deposited by the eleven individual banks above named is as follows, namely: The following statement shows the state and condition of all the banks, banking associations, and individual bankers, from which reports have been received during the past year, on the several days designated by the Superintendent for making their quarterly reports : * Prior to 1851 the Banking Department was managed by the Controller. |