, 1860-10-27

The following, from the New York Herald Of
ent furry in the New York stock market is
merely one Of those periodical movements
growing out of purely speculative Causes, to
which that market Is peculiarly subject In
the fact That the stocks aud banks which would
be disnstrously affected BY a dissolution Of the
Union, remnin unchanged, and that the owners
OF the latter arc supposed to be specializing
largely out Of the panic in Western railway
stocks stocks which would be the last to suf-
fer from dissolution Of the Union-we hare
the best possible evidence that the coursc Of
tile market has not been Influenced in the
slightest degree by political causcs. On the
contrary, the facts prove that monied men ney-
cr had greater confidence In the stability Of the
Union than now:
The money market continues easy, and
money on call can be had everywhere ut 6
per cent. Paper Of the highest class ranges
from ito 7per enti lower grades 7@8@ l0c.
Nothing has yet been heard of the Southern
paper wh'cl! the Southern banks are unwilling
TO discount In consequence of the prospect Of
Lincoln's election; it would be very welcome
here, II it be really worth anything.
The Stock Exchange has for three or four
days gone through JNnic which reminds one
of old times. The speculative rnilway stocks
have fallen from to 10 per cent In about three
days. In the meanwhile money 1Ias remained
us easy rs ever; railway traf1c has continued
to increase; the exports Of produce continue
enormous ]; the export Of gold has fallen of;
| the wheat and corn crops fulfil the most Ea1-
| guinc expectations; the cotton crop, though
it will probably not be as large rs that Of last
year, will be LARGE in good condition, and is
tn t,1%,i
tailed nine millions In two months. and are
stronger than r,tr t1ore; in a word, the pa1lic
OIL the stock market has taken place In
the face Of such combination Of cle-
ments Of prosperity aud confidence as probably
never was witnessed in this country before.
general dread Of political disturbances conse-
quent upon tho prospect Of 1incoln's election.
1t is little remarkable, however, that saethe7.
E1deral nor ;Sate docks, 4cich ,oo,d be the first
10 Jssl the effect Of any real political trouble, hare
khared in TIE decline; aud real estate in New
York, which would suffer fnr more than West
crn railway shares In the event Of q dissolution
Of the Union, hns not dotu affected in the lea.t.
Esrn tue stoekx gf Ltos< banks ,odose easoncys re-
xide at the South, and ichich 1nonN intaUi1EH be
broken in The e,xA& Of any attempt to diksotx the
Onion, is maintained in TIE Jdee Of the threats and
te77o's dy ,chich ae are surrounded and these
banks arc so prosperous, and feel 80 little
r1uor i,a1;.s tls,n H.. ~. ~. - Jj
..tA5 .,osf-so;. ~ II. ~ ~
n.arkef- Although, 1t seems to be a fixed fact
Judging from thc geuernl prospect-:-that tho
md Ncu- Ynrl. roii,xar s+oc ard nott,f.n
nisc In tho mcont;mc thc 1Ii;nn;a Cantr91
Ra;irood wh;ci' .r;ti, +,,n ss,esfs.;mp; t. tha
principal channel Of communication between
the West and tho Sonth, is doing the largest
business It ever did, in carrying Western food
n,rtv Gentlemen frnm F1orda ara hcre "a. M.
--at;a+;,T ,rt;,o ost at,;s ~ ~, -
stca,ners hctwccn III. nnrt and Etnr;da -" ~ :"
oti.rnr IN ,r,,arartec ~ ,,n"s,,i a1,,nn,,t ~
+rafi;a! 'd ~ 1ar,.st ,rsra.o t,aai., i. -
+; liz csv t. do,n@ arper h;,.ine.s - snn,S Moai
'''"- = Nv - -e-o-e-
Gov. Ranks and the Illinois Central
Railroad.
A Chicago correspondent Of the New York
H,4ud furnishes the following in relation tn
.,,, .e.,t:a. 1,,,a. f.. .,.a.,9 -
by Gov. Banks in the management Of the af.
fairs Of the Illinois Central Railroad:
Tbo rnco1+ doc,s,or of+ho n, N D u,nts
d.. 1880 ,;1,;oF ~ -. 1.,a.'
.-"nf,t ~ Mossoc,,ns1s ~ +at;ro ~, ~
neia ~ ,et,.sas ~, so, aIr. ~ ta'
tH1ia1 ein ~ ,nt"rcst ~ t';s statn 'as .warnnod
:Iat tSt - :..: -. su.e Ss.S, - .1.s a"aAene0 =
nn,tI y; !uqutt3 aaous 10 aunetuus pc,eo.i
ana pothasaa 1flGnas as 10 "hat ~ "a! Posi-
tion 20 ~ " 4au pG.on l.teS ~ ~ ~
eaas Mtd HoT Ws;iua H. atG @,n, ,nc u ~ a
t;en no.s Env nanIs - enpn =; ~ hoonr, ~,
psr,. ottaci'cd ~ snbm;t e 9H fao%iOn stotn ot.,.
caaaay ~ a.'1cga, tt 9i,d Sao' 'e 'olIo"ng sta'e-
mga. g;,; 70 ine - re1@a; t3,a oG,. ,,,,,, n.,,
ans ~. y. ~ ~ . nisu wv. nalhs 10 y y
aeSn91 aa1atiS,nt nroatoe,; H. lpa. ~ ~, 1s. u
o,1nt ..a 49,. ene.s a.te tue ~
fh;s connfrr mi EmTnnc ma c,nnnt attann d. 81