The shipments of corn are large, but not quite equal to the total for the same time last year, that being almost the only cereal grain then going forward. In wheat-flour the exports have also largely increased. There is a very great gain in cut meats; but the changes in other articles of provision are less important. The harvests are now more promising, both in Great Britain and on the Continent of Europe; but we have no doubt but what there will also be a demand for breadstuffs from this country for many seasons yet to come. The granaries of the Black Sea will be open, but the disadvantages of war are still upon the harvest fields there, and the supplies must be diminished for some time to come. Prices, however, will be lower on both continents, very much to the relief all the laboring poor. NEW YORK COTTON MARKET FOR THE MONTH ENDING JULY 25. PREPARED FOR THE MERCHANTS' MAGAZINE BY CHARLES W. FREDERICKSON, BROKER, NEW YORK, My last report closed June 20th, since which our market has advanced §c. to c. per pound, under favorable advices from abroad and decreasing receipts at the South. The moderate and statesman-like view with which England has looked upon the dismissal of its American Minister, together with the prospect of an abundant harvest and an uninterrupted commerce, inspires the trade abroad with confidence to extend their operations, and which an easy money market enables them to do. In this market, holders have not been disposed to sell, unless at the extreme prices of the day, and, owing to our small stock, they have been enabled to maintain a firm position, notwithstanding the favorable reports as regards the growing crop. The transactions for the month have been principally to our own spinners and on speculation, the inquiry for export being limited by the usual absence of shippers, the meagerness of supply, and the advance asked by sellers. The sales for the week ending June 27th were 6,000 bales; at the opening there was some slight irregularity in prices, which later foreign advices dissipated, and our market closed firm at the quotations of the previous week : PRICES ADOPTED JUNE 27TH FOR THE FOLLOWING QUALITIES: The week ensuing closed with fewer transactions, but not easier prices, holders being sustained in their views by the small weekly receipts and the prospect of an early termination to the closing crop, as regards the total amount to be received. The usual holiday of the season likewise added to the indisposition to engage in operations. The total sales for the week did not exceed 4,000 bales. The market closed steadily at the following :— PRICES ADOPTED JULY 4TH FOR THE FOLLOWING QUALITIES: The foreign advices being favorable, our market for the week closing July 11th was active at c. to c. per pound advance. Buyers were much more disposed to operate, in the hope that the rapidly-diminishing stocks would find purchasers at remunerating prices. The sales for the week were 7,000 bales, inclusive of 1,500 bales in transitu-market closing with an upward tendency and small offerings :— PRICES ADOPTED JULY 11TH FOR THE FOLLOWING QUALITIES: A continuation of favorable accounts from abroad gave an additional impetus to our market during the week ending July 18th. Holders obtained c. to c. per pound advance on all grades, and for rather an indifferent classification. The transactions were principally for our own spinners and on speculation, the former being but indifferently supplied, and the latter anxious to obtain an interest. The total crop for 1855-6 being likely to fall within 3,500,000 bales, the small stock remaining on hand is deemed insufficient to supply the demand. The total sales for the week, inclusive of 2,500 bales in transitu, were estimated at 9,000 bales; market at the close was firm at the annexed :— PRICES ADOPTED JULY 18TH FOR THE FOLLOWING QUALITIES: For the week closing at date there has been less inquiry, and the sales fall The supply on sale is scant, and The foreign advices received were still, they represent a healthy state within 6,000 bales, without change in prices. : PRICES ADOPTED JULY 25TH FOR THE FOLLOWING QUALITIES: The accounts of the growing crop are favorable, and the prospects are good for another large yield. The first bale of the new crop was received at New Orleans from Texas on the 15th July. It is stated to be a well matured good staple, and classed strict middling. The first bale last year was received on the 26th July at New Orleans, the product of Louisiana. JOURNAL OF BANKING, CURRENCY, AND FINANCE. THE BANKS AND RELIEF NOTES OF PENNSYLVANIA. The Auditor-General, in his report to the Legislature of Pennsylvania, gives the subjoined statement, showing the several banks in that State which issued notes in pursuance of the act of May 4, 1841; the original amount issued by them respectively; the amount of the same redeemed and canceled, and the amount remaining in circulation; together with those banks that re-issued said notes, in pursuance of the act of April 10, 1849, and the amount of the re-issues outstanding : Banks. Bank Northern Liberties Original deemed of Amount re- Amount in Am'nt of circulation re-issues in old issues. circulation. amount issued. old issues. Manufacturers' and Mechanics' Bank.. Bank Chester County At the close of the fiscal year there remained in the sinking fund $335,011 39, which is applicable to the further cancelation of relief notes, &c., so fast as the same are presented to the State Treasury, under the 98th section of the act of April 19, 1853. THE STATE BANK OF INDIANA. The Annual Report of the State Bank of Indiana gives the annexed re Profits, at the following respective rates, have been divided to the branches on their capital stock, including extra dividends, during the past year :— Michigan City ... .... 20 Lawrenceburg and Vincennes ...each 17 Evansville.. Pr. ct. 14 13 12 11 16 La Fayette and Bedford.......each 10 In reference to the power of the bank to discount, or to issue notes of circulation, ceasing after the 1st day of January, 1857, and that the closing of the business of the bank, (for which two years thereafter, until January 1, 1859, is given by its charter,) may be expedited as much as may be practicable, with as little pressure on the community as is possible, the following resolution was unanimously adopted at the last session of the Board of Directors of the bank, held very recently : 66 'Resolved, That in view of the approaching close of the bank, it is recommended to the several branches, that they call in at least 25 per cent, every four months, on all standing or accommodation loans; and in future confine their discounts to strictly prompt paper, to be paid at maturity." EXPENDITURES OF GREAT BRITAIN ON THE AUSTRALIAN COLONIES. Great Britain does not appear to spend any money on Victoria. The last Parliamentary return on colonial expenditure does not mention that colony. The following table exhibits the amounts expended on four colonies in the year 1853-4, and the purposes to which they were applied : : These totals do not really represent £479,685 spent by Great Britain on her Australian Colonies. Except South Australia, all are "penal settlements," or have been, and the large expenditure has mostly been incurred in guarding, discipfining, feeding, and clothing convicts. In fact, the Australian Colonies cost us next to nothing. Under the new constitution for the four free colonies--Western Australia has become a convict settlement by her own choice, and has the advantage of a large expenditure in consequence the following sums have been reserved out of the revenue annually for the purpose indicated. The civil list includes the governor's salary, judicial salaries, and those of heads of departments. The retiring allowances are for officials liable to removal on political grounds : DIVIDENDS ON STOCKS PAYABLE IN BOSTON, JULY, 1856. We are indebted to our attentive correspondent, JOSEPH G. MARTIN, Stock Broker, No. 10 State-street, Boston, for the following tabular statement of dividends which were payable in Boston during the month of July, 1856. They are all for six months ending 30th of June-excepting the Berkshire Railroad, which is payable quarterly; the Cheshire, Fitchburg, Lexington, and West Cambridge, (old,) and Providence and Worcester railroads, the Boston and Sandwich Glass, Chicopee, Jackson, Manchester Print Works, Middlesex, and New England Worsted Manufacturing Companies, pass their dividends at this time. The New Bedford and Taunton Railroad not heard from :- The dividends of the Dwight Mills were formerly paid in May and November. was united with the Perkins a few months since, and the latter has become extinct. The company |