TRADE OF GREAT BRITAIN AND THE UNITED STATES. COTTON, BREADSTUFFS, PROVISIONS, ETC. The British Board of Trade returns for the month of October and the ten months ending October 31, received by the last mail, show more conclusively the effect of the recent panic on the trade of the United Kingdom. A high rate for money is said to stimulate exports and to discourage imports, and the statements now at hand show precisely these results. In the export trade of that country, there is a very large increase this year as compared with 1865, viz.: of about twenty-three millions sterling, and the total for the month of October is £1,600,000 greater than in the corresponding month in 1865. With regard to imports a decline has taken place as the year bas progressed, viz., from £23,243,701, the highest point touched in the month of June, to £18,356,015, the total for the month of September. Taking, however, the returns as a whole, the trade for the first ten months was most satisfactory in its extent, but it does not appear to have been so remunerative as in former years. Many branches, however, have evidently been carried on at a considerable profit, for unless large profits had been made we should certainly have heard of more numerous failures from the other side. The declared value of the exports of British and Irish produce and manufactures during the month of October was £16,895,894, against £15,547,225 in 1865, and £12,871,491 in 1864. For the ten months, the aggregate value of the shipments was £158,832,792, whilst in the corresponding period in 1865, the total shipments were valued at £185,264,602, and in 1864 at £136,275,652. The figures for each month in each of the last three years are subjoined: 1864. 1865. 1866. 10,413,586 10,489,339 14,354,748 July 12,698,121 11,376,214 15,116,063 Aug.. 13,555,674 13,770,154 17,520,354 | Sept.. 13,225,039 12,071,111 15,366,414 | Oct. 14,176,640 13,194,758 15,870,131 June......... 13,978,526 13,227,062 14,630,120 Total May....... .... ...... 1865. 1866. 1864. £ £ £ 14,394,364 14,113,410 14,957,834 16,274,269 14,158,648 17,450,156 14,687,942 17,316,681 16,671,078 12,871,491 15,547,225 16,895,894 .136,275,652 135,264,602 158,832,792 The computed real value of the imports of the principal articles of merchandize in the month of September was £10,356,015; against £21,632,731 in 1865; and £19,961,633 in 1864. The total for the nine months is £174,167,605, against £137,303,165 last year, and £160,974,110 in 1864 The following figures show the total value for each of the first nine months of the present and last two years: With regard to this country, the following is the total value of the ex ports during the nine months ending Sept, 30: To Atlantic ports, Northern.... Pacific ports. Total 1864. 257,196 £13,499,637 1865. £7,690,678 1866. £16,868,044 21,883,970 190,124 £38,942,138 COTTON. The imports of cotton in October were 36,000 cwts. less than in 1865, but from the United States, the arrivals showed an increase of 27,000 bales. The arrivals from Mexico and the West Indies have now ceased, and from Egypt only a small quantity of the new crop has as yet been received. Our latest advices from Egypt state that the crop had been overestimated, the total growth being expected to reach a total of 400,000 bales, or 200,000 bales less than the estimates first put forward. In the East Indies the crop is said to be looking well. The import of cotton into the United Kingdom during the ten months ending October 30 was 10,610,271 cwts., against 6,315,565 cwts. in 1865, and 6,146,796 cwts. in 1864. The particulars of these imports are subjoined: ⚫ IMPORTS OF COTTON INTO GREAT BRITAIN IN NINE MONTHS. -and the computed real value of the imports for the nine months is as The exports of cotton from Great Britain are about 950,000 cwts. in excess of last year, all importing countries having taken an increased supply. The total for the ten months is 3,032,450 cwts. against 2,186,456 cwts. in. 1865, and 1,876,040 in 1864. These amounts are thus distributed : This market has now assumed an important position throughout the world, and a considerable rise has taken place in prices since the 1st of September. In England the rise is as much as 17s. 6d. per quarter of eight bushels, and in other countries the advance is equally important. In England the crop is somewhat below an average; but a considerable proportion has been harvested in poor condition; hence, the whole of the crop is not immediately available for consumption. In the northern counties this is especially the case, and millers in those districts are therefore compelled to go south to purchase the drier and better harvested wheats produced in that quarter. The French crop is certainly not so deficient as many persons would have led us to expect, and it is now a certainty that not only will the cargoes which had been purchased at Black Sea ports be ordered to England, but that, without these, exports of flour from French to English ports will shortly take place. Large supplies of Russian flour have for the last few weeks been received into the eastern English ports, at the rate of about 25,000 sacks of 280 lbs. weight per week; but as the navigation of the Baltic would shortly close, a termination to these importations would ensue. The Prussian crop of wheat has certainly been injured by the recent war, for although prices are so high in England, the imports from the ports of Dantzic, &c., show a considerable falling off from last year. The accounts we have received from the south of Russia are confirmatory of the excellent crop produced in that quarter. As fair supplies of wheat and large supplies of flour were expected from the Baltic prior to the close of navigation, and as there were about 700,000 quarters of wheat afloat to Great Britain from the south of Russia at the ate of our latest advices, there was a decided pause in the wheat trade, and millers showed no disposition to buy, except at reduced rates. But as the information at hand from this port was to the effect that very little produce was being shipped to Europe, holders of wheat and flour were very firm, and fully the recent advance in prices was demanded. The import of wheat into the United Kingdom in October was 1,830,569 cwts., against 3,058,269 cwts.; and of flour 258,623 cwts., against 295,396 cwts. last year The figures for the ten months are subjoined: The imports of these during the ten months were not materially in excess of last year. Prices in England continued to rule high, but as the supply of pigs in the kingdom was very large, and as the pork season had opened at very moderate quotations, it was expected that a fall in the value of salted meats would take place. The imports in ten months are subjoined: There has been no abatement in the value of butcher's meat in England, consequently prices remain at a high point. The cattle plague cannot be said to have died away, for several cases have recently been reported; and as such have occurred, fears are entertained that in the event of the Government modifying or cancelling the present regulations in reference to the cattle traffic of the kingdom, further serious outbreaks will take place. Some of the leading farmers, who have even incurred much loss and inconvenience, are strongly in favor of an adherence to the existing rules for a further period of six months. The following are the figures relating to the imports of live stock for the ten months: The following table shows the declared value of the exports of British and Irish produce and manufactures from the United Kingdom to this country during the first ten months of the present and last two years: The following figures relate to the shipping trade between this country and the United Kingdom for the month of October and the ten months. ending Oct. 31: AMERICAN VESSELS ENTERED AND CLEARED INTO AND FROM ALL PORTS. VESSELS OF ALL NATIONALITIES ENTERED AND CLEARED INTO AND FROM AMERICAN PORTE The Southwestern Railroad leaves the Central of Georgia (Savannah to Macon) at Macon, and extends to Albany, giving off branches to Butler (where the Muscogee Railroad commences, and runs to Columbus), and to Eufala and Fort Gaines. The following shows the length of these several constituents: The Fort Gaines Branch, from which the iron had been taken dur. VOL. LVI-NO. I. |