The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-09-26

Tor the week 81 oss 72s 500 alI, 500
Previously reported 40 4se4ss 4762S ess s4,7s 7ss
Since January ,2la As 4ss 557 ee,soi 5s5
The increase in our exports thus swells week a.
Ter week it now amounts to SIS 500 900 over the
corresponding period Of 1859, and s2o5o0 600 over
the corresponding period Of 1858. At this rate
the exports from this port this year will constitute
quite a large proportion Of our total exports.
Strange to say, notwithstanding the decline
n breadstufis, last weeks exports of wheat
and -four TO Great Britain were the hea-
West of the season. They foot up the enor-
nous sum of 81 ,265 900. The shippers of all this
stuff are waiting with intense anxiety for the arri
val Of the Persia. II is conjectured by some, that
rs the Adriatic met a westerly storm when one day
eut, the weather must have become unfavorable
for the harvest just after she left. However this
may be, and however the English crop may turn
out, it seems certain that Great Britain will re.
quire from us large quantity Of food this fall
The area of land sown in wheat last fall and last
spring. in England, was from onetenth to one
eighth less than usual, in consequence of the very
low prices which ruled for wheat at seed time,
which discouraged the farmers from devoting their
land TO its cultivation. Again, England can get
little or no -four from France where the crop is SO
pended. Finally, the British potato crop is, we
know, failure, and this common substitute for
wheat cannot be had. On the other hand Great
Britain has been receiving s760,oOo worth Of wheat
and -four per week from us for some time,
and the prospect is that during the remainder Of
Mis- and all of next month the shipments from this
side viii continue to be heavy. From Russia and
Austria large supplies of wheat are also pouring,
or about to pour, into the British markets. 1t
would thus seem likely, on the whole, that while
the demand for American breadstufs in England
must continue, the prospect of high prices ruling
for them is slender.
The money market Is without change. Many
brokers are paying seven per cent for call loans,
while the best paper goes at 6A per cent. There
rs, at lie same time, large amount Of money seek
ing employment in the street below seven per
cent.
Foreign exchange continues dull, without change
10 rates. The bankers asking 1904 for sterling
and 6.l3l for francs; but the market is supplied
with excellent bills below these rates. The out
ward steamer tomorrow will take small quantity
Of specie-probably about $50 ,O0o On Saturday
some more gold will 60 forward, but not very
large amount.
The Stock Exchange was most excited to-day, and
the volume of business transacted larger than any
day for some time past. The popular stocks Of the
day continue to be the New York shares, which ad-
vanced considerably, with buoyant market and a
widespread demand. Erie rose this morning from
80 to 40}, at which figure IL rather freely sup
Piled; In the afternoon it started upward again,
sold at 49,, and closed AZ bid. New YorksCentral
Jumped from 500 to 90l, then fell back to 90l,
rallied again, -and closed 9lt bid. The advance
IN these stocks is probably too excessive to last
Hudson River advanced to 65, Harlem to 81, Read
ing TO ass; in the afternoon these stocks were still
higher. The Western shares were not SO buoyant at
frst but afterwards they improved Rock Island ad-
yancedlA, Galena Toledo Z, Illinois Central and
the Michigan shares each; in the afternoon these
stocks were all better. The days movement Is an
illustration of the truth Of the remarks made in
Mondays HERALD with regard to the dangers Of
the bear policy. No sooner Is q decline inaugu
rated and made the basis Of bear operation OF
any extent than stocks jump up, and what little
profit the bears have made In a week Is gone in
half an hour. 1t has been confidently predicted
that the traffic on the Illinois railroads would now
begin to dissppoint public expectation. The Ca
lena receipts for the third week Of September are
10 hand-si9. ss7, against si7, 9ls same week last
year. The receipts Of the Gaena for the first three
weeks Of the month thus foot up sl65 900. At the
close to-day the market was firm at the following
suotations:-United States SIS 1874, 1929 q l03;
Indiana State, 90; Virginia es, 9ll %; Tennessee
Gs, 500 soI; Missouri 6's, 59i 79I; Canton, eli
Q 22A; Cumberland.Coal preferred, IA lis; Pacific
Mail, slA 50; New York Central, OH q oil; Erie,
al ~; Hudson River, e5i es; Harlem, eli %;
Harlem preferred, 81 q 57l; Reading, 49, a 40;
Michigan Central, III al; Michigan Southern and
Northern Indiana, 23i IA; do. guaranteed, 4el !;
Panama, l2s I; Illinois Central, ISL a l; Galena
and Chicago, Tsi I; Cleveland and Toledo, ~ I;
Chicago and Rock Island, so . 4; Chicago, Burling.
ton and Quincy, OH o.; Illinois Central bonds,
s9i q 100.
The business OF the sub-Treasury to-day was as
Follows
Total receipN sl5Z,sog 81
-for lzsOoO W
niAnce ioeo ~
The statements OF the Philadelphia banks for the