The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-13
F,nsNcn.. AND coMMeRc,A
FRIDAY, Oct. IL G p. NJ.

FRIDAY, Oct l2-6 p NJ.
The money market grows easier from day to day.
Yesterday and to-day the brokers have been Dor
sowing money at six pee cent; to-day We hear OF
. large line OF paper going az the same figure.
The motable rates for paper this afternoon were,
sr short first class, a per cent for four 10 six
months prime, per cent; for names less general
Nv known. g a l0al2. The course of the money
market has disc inted those who look for strin-
sency every o ser; they failed TO take into &C
count the eject Of our heavy expectations OF pro-
duee and of the large accumulation OF wealth at
This and other financial centres. The importation
Of dry goods for the week ending to-day Is heavier
saan that of the corresponding week last year; but
compared with other weeks il IS not very heavy.
The foreign exchange market Is rather sseadier
ssan il was for the steamer Of Wednesday. some
Of the bankers are getting 100 for their sterling
hills and SIS for'their francs. The standard rates
are for bankers bills, 1851 100 for sterling, and
SIG for francs; for commercial bills, los! 4. At
shese rates of course no specie can be shipped
against bills as q commercial transaction. A GER
lain quantity of bullion and particular descriptions
OF coins will however, continue TO go forward as
usual
The business at the stock board was raher
larger than usual to-day, and prices were better.
Az general rule the pubic seem 70 be holding
aloof for the present. The Rock Island dividend
affair, and the pending political controversies, ap-
rear TO have checked for the moment the APP
petite for buying stocks; but prices are main-
tanned by the purchases OF the bears, who
lave been selling everything on the
prospect Of dissolution of the Union. Their dis
appointment at the frmness OF the market after
The election in Pennsylvania, which seems TO be re-
garded settling the result in November, is lead
ing good many of them TO cover their contracts,
and we note accordingly an active inquiry for all
he speculative shares, and especially Central,
Erie. GaIena, Rock Island and Toledo. New York
Central sold al one time this morning AZ sol,
Aen tell 10 set, and closed finally at sol bid;
Erie sold up TO 401 fell back TO 3d. AID closed 39i
bid; Rock Island was sold as high as "a cash,
afservard offered at 49, and closed that bid.
ne commencement of the November traffic on
she Western roads is not more encouraging for the
Bear party than the effect OF the Pennsylvania
election. Missouri State stocks improved ! per
sent to-day; Virginias and North Carolinas
sre firmly held at yesterdays prices. The
net appears TO indicate a want of con-
sdeDee in the schemes for dissolying the Union,
which are so much talked of.
In the afternoon the market was without mate
sal change and stocks closed steady at the follow
ing figures Virginia 6's, 9oi Z; Missouri IS,
49, l; Canton, 20 4; Cumberland Coal preferred,
- - IA; Pacific Mail, 81 |; New York Central,
ess !; Erie, 39l /; Hudson River, 6ii !; Har-
lam, 22i /; DO preferred 81 J; Reading, AL
. I; Michigan Central, 6sl a l; Michigan Southern
and Northern Indiana, 2la 22 do. guaranteed,
asa /; Panama, ia l25; Illinois Central, sil
. /; Galena and Chicago, III a J; Cleveland and
Toledo, 46s !; Chicago and Rock Island, 73s :.
The Illinois Central land office is doing strong
Business this month. Upwards Of $50 900 worth of
land sold and s5i 900 cash collected up to the 9th
INST. Large payments are making Of the arrears of
interest. and the Commissioner writes the Board
that the harvest OF 1850 will yield about one mi.
hon Of dollars for his department.
The following is a statement Of freight forwarded
ever the Illinois Central Railroad