MOLASSES TRADE OF THE UNITED STATES. Annual Statement, showing the Import, Export, Stock and Consumption, for the year ending December 31st, 1859, (exclusive of California and Oregon.) [From the Shipping and Commerciul List, and New-York Price Current.] Total consumption of 1858.. 11,239,685 Of which foreign imported Increase in 1859,....galls. 770,605 Increase in consumption of foreign,............galls. 1,191,672 Containing, as above,..galls. 11,239,685 Of which foreign imported direct,..............galls. 7,461,515 Total consumption of 1857.. 9,164,787 Of which foreign imported direct,.. Increase in 1858,..galls. 2,074,898 Decrease in consumption of fo.eign, 1858,.......galls. 7,497,958 36,443 GENERAL STATEMENT-1859. RECEIPTS OF FOREIGN IN THE UNITED STATES, FROM 1ST JANUARY TO 31ST DECEMBER. Consumption of foreign, as above,. .galls 28,293,210 Add crop of Louisiana, Texas, Florida, &c., of 1858-59, the most Would make the total consumption in 1859,. Increase in 1859,.. 25,967,760 .galls. 54,260,970 45,169,169 .galls. 9,091,801 Add crops of Louisiana, Texas, Florida, &c., of 1857-8, the most of which was distributed in 1858, and assuming the stock of this description, 1st January of each year, to be equal,.... Would make the total consumption in 1858,.. Increase in 1858,....... TOTAL CONSUMPTION IN THE UNITED STATES IN Gallons. 54,260,970 of which, foreign,. 20,373,790 .galls. 45,169,164 28,508,784 .galls. 16,660,380 Gallons. 28,293,210 1859, 1858, The statistics presented above show that the receipts of foreign molasses into the United States, for the year ending December 31, 1859, were 28,960,175 gallons, against total receipts in 1858 of 26,552,064 gallons, and the total consumption of this description in 1859 was 28,293,210 gallons, against a consumption in 1858 of 24,795,374 gallons; while the total consumption of foreign and domestic in 1859 was 54,260,970 gallons, against a total consumption in 1858 of 45,169,164 gallons, being an increase of 9,091,896 gallons, or over 20 per cent, and an increase in the consumption of foreign of over 14 per cent. The above figures indicate that the year just closed has been one of great prosperity for this interest. The consumption of all kinds has been larger than before since 1854, while the deliveries of foreign have not been equalled since 1853. Prices have ruled higher than in 1858, notwithstanding the full crop of domestic, and the planter, if not the merchant, has been well rewarded. The fears that were entertained by some, and the hopes that were indulged in by others, the past two or three years, with regard to the syrup of the sorghum supplanting the juice of the cane in our interior markets, seems, for the most part, to be dissipated. We endeavored to gather some statistics with regard to the yield of this product the past season, with a view to introduce them in our statement, but find the amount too insignificant to enter into our tables. To those engaged in the foreign trade, the prospect for the year now entered upon is encouraging. The crop of Louisiana now coming forward will, it is estimated, fall below twenty millions gallons; some authorities place the yield at fifteen to sixteen millions; should the consumption of 1860 be the same as 1859, and estimating the present crop of domestic at twenty-one millions gallons, an import of thirty-three millions gallons foreign will be required to meet the deficiency. Like most other articles of food, however, it is very sensibly affected by high prices; and if values are forced by speculative action to unusual points, the large consumption and healthy business of the past year can scarcely be hoped for. ANNUAL REVIEW OF THE NEW-YORK MOLASSES MARKET. The commerce of our port in this article during the past year has been on a larger scale than before in several years; the unusual consumption of 1858 has been exceeded, and this under a higher range of prices than those that ruled then. More molasses was taken for refining last year than ever before, while the demand for distilling, during a portion of the season, was quite active, and the sales large, an impulse having been given to this branch of business by the recent war in Italy, occasioning, as it did, a large though brief demand for rum. It may be remarked here, that the consumption of molasses by distillers is quite fluctuating, being regulated, in a great measure, by the market value of corn and other grains. The quantity of foreign received direct at this port, and withdrawn for consumption, the past year, was 8,653,187 gallons, against a consumption of foreign in 1858 of 7,461,515 gallons, while the total consumption of foreign and domestic in 1859 was 12,010,290 gallons, against a total consumption in 1858 of 11,239,685 gallons, being an increase in the consumption of this port, as compared with 1858, of nearly 7 per cent. |