THE NEW YORK COTTON MARKET FOR THE MONTH ENDING APRIL 17. PREPARED FOR THE MERCHANTS' MAGAZINE BY UHLHORN & FREDERICKSON, BROKERS, 148 PEARL STREET, NEW YORK. The month under review opened with fair prospects for those engaged in the trade. Considerable confidence was felt in the maintenance of the rates then current, and there were many who thought that diplomacy would take the place of arms in a settlement of the Eastern question-a decline in breadstuffs, an easy money market, together with steadiness in the Liverpool cotton market, warranted these views; and our market for the first week of the m n h advanced fully per lb. on quotations of the previous week. The quantity offering was small, and the high rate of freight to Liverpool (d. per lb.) then ruling, and the firmness of cotton holders, caused more inquiry for desirable lists in transitu, which met a ready sale at full prices. The market closed firm at the annexed quotations and the following large sales:— 4,944 | Speculation ........bales. 5,436 4,191 | In transitu.. Export.. .bales. Total sales during the week 2,330 16,901 PRICES ADOPTED MARCH 20TH FOR THE FOLLOWING QUALITIES: The demand continued good for the greater part of the second week of the month, when, owing to the absence of foreign advices, which were not received till Friday, some little irregularity in prices took place, and the Pacific's accounts not being as satisfactory as looked for, a decline occurred on most grades of per lb.; still holders were not free sellers, and the decrease in the receipts then amounting to 632,000 bales, imparted confidence to many that prices would again rally. The market closed dull, however, at the following quotations: * PRICES ADOPTED MARCH 27TH FOR THE FOLLOWING QUALITIES:— For the week ending April 3d, notwithstanding the continued unfavorable advices from abroad, our market was but little affected. A slight decline on Middling qualities was alone observable. The sales of the week were to a fair extent, our own spinners and speculators being the principal operators-exporters taking only 845 bales. Reduced limits, both on orders and advances, from the other side, and a stringent money market here, tended to chill the ardor of shippers, and caused them to pause. In regard to the amount taken for home consumption since the first of last September, we learn, from tables before us made up to this date, (April 1st,) that our manufacturers, although actively employed, have taken from this crop 107,000 bales less than for the same time the previous year. This fact proves that they must now be very short of stock, and that they commenced the year with a larger amount on hand than usual. It is likewise certain that their requirements this year will exceed that of any former year, and the amount they will require in addition to the above deficiency must tell upon our deficient crop, as compared with the previous one. Annexed are the sales and quotations, the market closing heavy:— PRICES ADOPTED APRIL 3D FOR THE FOLLOWING VARIETIES:-, The week ending April 10th was one of extreme depression in our market; the sales made were at irregular rates, but generally at a decline of c. a fc. per lb. on all grades. The European accounts received per Baltic cast a gloom over the market, which even the above reduction in prices failed to dispel, and the market for the week closed heavy at the following quotations: Export. ..bales. Home use 1,655 Speculation........bales. Total sales during the week....... PRICES ADOPTED APRIL 10TH FOR THE FOLLOWING QUALITIES: 2,190 2,153 7,670 Fair.... The depression of the previous week, and a still greater irregularity in prices, has been the feature of the last week of the month under review. The continued decline in the Liverpool market, and England's declaration of war against Russia, has completely unsettled public opinion as regards the future course of the staple. The sales of the week were generally at a decline of c. per lb. on those of the previous week, and at this reduction but little interest is manifested to engage in cotton. Our market closes unsteady, and the few sales making are at the following quotations: Export Home use ..bales. 1,068 Speculation........bales. Total sales during the week ..... PRICES ADOPTED APRIL 17TH FOR THE FOLLOWING VARIETIES: 2,161 72 5,513 JOURNAL OF BANKING, CURRENCY, AND FINANCE. DIVIDENDS OF BANKS IN BOSTON. The following is a list of dividends declared, payable by the Boston banks on the first Monday of April, 1854, compared with the previous dividends:— The above table, from the Traveler, includes five new banks which were chartered by the legislature last year, all of which divide at this time, except the Broadway, (South Boston,) which did not commence business until January, 1854, but has earned 2 per cent. The Eliot Bank has been in operation about five months, the National about eight months, the Howard Banking Company seven months, and the Webster, seven months and a half. The amount of bank capital last October was $24,810,000, the amount in April is $30,160,000-being an increase in six months of $5,350,000. The increased amount of dividends over last October is $308,350. The Mount Wallaston Bank, Quincy, has declared a dividend of 4 per cent. This is a new bank, and has been in operation six months. The Randolph Bank has declared a semi-annual dividend of 5 per cent. CONDITION OF THE BANKS OF OHIO IN 1854. STATEMENT OF THE CONDITION OF THE SEVERAL BANKS IN THE STATE OF OHIO, TAKEN FROM THE RETURNS MADE TO THE AUDITOR OF STATE, ON THE FIRST MONDAY OF FEBRUARY, 1854. Independ'nt B'ks 2,218,693 93 226,355 46 292,688 27 1,084,848 13 4,593,629 67 State Branches.. 11,181,833 56 1,765,708 23 1,505,274 05 849,609 80 17,348,630 36 |