consequently they did not feel the reaction quite so soon. the month were 59,000 pkgs. The sales for The pause which we noticed at the close of July continued during the first half of August. The extreme and unusual prices that were now current for Rio, induced great cautiousness on the part of buyers, the purchases were only in a small way, and more attention was given to West India and Java, which descriptions appreciated one-quarter of a cent. This heavy feeling for Brazil was soon deepened by the receipt of several invoices here and at Philadelphia; buyers held aloof, and prices became entirely nominal, though some small sales were made at a decline of half a cent from the highest point, but this failed to stimulate the demand, and a further concession of @cent was made, which induced more business, and rather more tone was now visible. West India and other kinds had also lost their buoyancy, and St. Domingo had receded one cent from the highest point. Sales of all kinds, 31,500 pkgs. There was but little animation during the early part of September, but in prices there occurred no further change. The public sales that were now announced occupied attention, and the business at private was small. These sales having went off with unexpected spirit, and favorable accounts having been received from Rio, a better feeling was manifested, and the market assumed a firmer tone. Toward the latter part of the month, the stock again became much reduced, and an advance on Brazil of onequarter of a cent was established. At this there continued a good steady business, with a firm and buoyant tone for all kinds. Sales 75,000 pkgs. October opened with a firm feeling, and, at a public sale, which took place about the 1st, a further advance of one quarter of a cent was obtained; the business, however, was generally much restricted for want of stock, and the sales were again mostly from second hands, 4,500 bags having been run off at auction by parties who had purchased from importers. From the second week until the close of the month there was a very active and strong market; the supply became reduced to a stock of 2,081 pkgs. of all kinds, none of Brazil, buyers of which were compelled to make their purchases at the neighboring ports. About this time the arrival of five cargoes of Rio, together with several parcels of St. Domingo, Java, &c., caused a pause, holders accepted a reduction of one-quarter of a cent, which again brought in buyers, and the market assumed a very animated aspect. Further arrivals of Rio and Java compelled a further decline of one-quarter of a cent, at which buyers absorbed the bulk of the stock. Sales for the month, 99,500 pkgs. Brazil, West India, &c., continued to come forward quite freely in the early part of November, but holders evinced a disposition to make no further concession; the business now became confined mostly to St. Domingo, for export, and the market was cleared of this description at prices current the month previous. Holders of Brazil, now impelled by the increasing stock and small demand, yielded a quarter of a cent, but without effect; another@cent decline was submitted to, still without leading to any but a small business. About this time the aspect of political affairs became unsettled and gloomy; a crisis occurred in financial matters, and interior exchanges were much disordered by the suspension of specie payments at many points South and Southwest; all these influences were adverse to the coffee market, and prices completely broke down, being at the close 14 @ 1 cents below the opening rates of the month, and even at this great decline there was but little business, excepting in St. Domingo for shipment, the month closing with a very uneasy and unsettled feeling. Sales 40,000 pkgs. The dullness and depression which existed during the closing weeks of November suffered no diminution during the first half of December. The market for Rio seemed to have no stability or firmness, and prices again gave way one-half a cent, the stock of this description having accumulated to nearly 100,000 bags; other descriptions were also weak, and generally half a cent lower, the business being even at this decline very small. About the middle of the month, however, a rather more cheerful feeling began to appear; the advices from Europe were of a more favorable character; gold began to flow in from England, and in business circles the feeling gained ascendancy that, as far as financial matters were concerned, the worst had been experienced. With this returning confidence came a steadier and more hopeful tone, and though the business was not large, no further decline in prices took place, all parties looking forward to an improved state of affairs upon the inauguration of the new year. Sales 30,000 pkgs. Stock of all kinds 67,653 pkgs., against a stock of 76,671 pkgs. same time at the close of the previous year. We annex a tabular statement, showing the range of prices in this market for the leading descriptions the past three years: THE RANGE OF PRICES AND YEARLY AVERAGE AT NEW-YORK THE PAST THREE YEARS. ANNUAL REVIEW OF NAVAL STORES FOR 1860. From the Shipping and Commercial List, and New-York Price Current. RECEIPTS AT, AND EXPORTS FROM, NEW-YORK. 1858, 60,798 158,912 621,982 54,045 54,645 71,741 500,858 28,748 653,428 54,092 88,699 66,551 387,969 19,604 563,291 83,125 1857 1856, 85,413 104,851 445 311 18,518 General Remarks. It will be seen, by the accompanying tables, that the receipts of Crude Turpentine at this port are some 36,000 bbls. less, Spirits Turpentine 2,200 less, and Rosins 21,500 bbls. less than last year, while the quantity of Tar received was almost exactly the same. export of Turpentine the past year has fallen off 34,000 bbls., and Rosin 67,500 bbls., while Spirits Turpentine has increased over 5,000, and Tar 9,000 bbls., as compared with last year. The large falling off in the export of Rosins may be mainly attributed, perhaps, to the high rate of freight which ship-owners have been able to command during the greater part of the year, while the deficiency in the exports of Crude have been nearly made up by the increase in Spirits Turpentine, and by largely increased direct shipments, (of all descriptions,) mainly from Wilmington, N. C. (See table.) We notice a large increase in the quantity of NewYork made barrels, and continued preference for Spirits in these, over most of the Southern-made packages. The average price of Turpentine for the year is considerably below the average of several previous years, and that of Spirits materially below last year. Common Rosin, with slight fluctuations, has tended downward since March, (when the first grain shipments were made,) while Tar has maintained about the same rates as last year, which were considerably above the average of the years 1858 and 1857. In the opinion of many intelligent persons, the late depression in Spirits Turpentine, and the decline in prices from March last to the close of the year, are to be attributed more to some other cause than the usual one of supply and demand. It cannot be denied that, for illuminating purposes, the consumption of Kerosene and Petroleum Oils, since their discovery, has only been limited by the want of an adequate supply, and the fears of the trade and consumers that the pine tree of the South might yet be exterminated by the tapping process, and the supply of Camphene and Burning Fluid cut off, have been greatly alleviated, if not entirely removed, by the introduction of this new article; though, for many important uses, there is at present no substitute for Spirits Turpentine known. The foreign demand, as will be seen by the accompanying tables, is increasing every year, the decrease in the quantity of Crude exported from this port being about compensated by the increased export of Spirits. Turpentine. The year 1860 commenced with a quiet market for Crude Turpentine, with a quotation of $3 43 per 280 lbs., and a stock of 9,000 bbls. London, Dec. 16.-Sales, 2,500 bbls., at 10s. The third week of the month our market improved slightly, and free sales were made for export at $3 561, and subsequently at $3 50, closing at that rate. Considerable shipments were also made from first hands during the month, the London quotations meantime declining to 9s. 6d. @ 9s. 9d. The rate of freight to London, during the month, ranged from 2s. 6d. to 3s., closing at 3s. February opened with a stock in first hands of only 3,500 bbls., and with a fair demand; prices had improved to $3 62 at the middle of the month, remaining nominally at this rate to the close; but the upward tendency of freight checked the demand, and the stock accumulated to 9,500 bbls.-London quotations ranging from 9s. 3d. to 9s. 9d., and Liverpool 8s. 44d. @ 8s. 9d.-freights hence ranging from 3s. to 3s. 3d., closing at 3s. 3d. In March the supply was good, and, though there was little or no variation in London quotations, which, more than all other causes, influence this market, holders, to effect sales, were obliged to accept $3 55 the third week, after which there was little done for nearly a month, March closing inactive, with a stock, officially taken, of 9,500 bbls., and a London quotation of 9s. 6d.-freights hence to London. ranged from 3s. to 3s. 3d., closing at 3s. The second week of April sales were made at $3 40, a further decline, but the business throughout was very light, and prices nearly nominal, the supply being good, and the stock at the close 9,844 bbls.-London quotations ranging from 9s. to 9s. 3d.-freight hence, 2s. 6d. @3s., closing at 2s. 6d. @ 3s. The |