The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-17

Since January L.. $50 4s5,920 $3.50 sos 754s4 ssl
The last week'sexport Of produce was the largest
on record thisweek's is still larger by amon.
The above export for the week endirg this day is
within nearly million Of the total export of Octo-
Der, 1859. The excess in our exports OF domestic
produce for the year to date over the correspond
ing period Of 1859 is now nearly 500 600, 900. At
this rate we shall export this year, fifty per cent
more produce than we did last, and shall be en-.
abled to retain nearly oil the gold which comes
from California between this and February.
The money market continues easy. Money was
freely offered in the street at six per cent and in
the afternoon there were more lenders than borrow.
ers at that rate. The discount brokers complain OF
the scarcity Of paper; rates continue as before
Ga for first class short, and for same quality long
paper.
Foreign exchange closed with rather more firm
ness and some of the bankers succeeded in selling
small bills at 100. Large amounts could not have
been sold better than 1851 a l. The saxonia took
out only $50, 900 in specie notwithstanding the
heavy receipt by the North Star.
The stock market continues TO present the same
characteristics as yesterday--comparative steadi.
ness, with a limited business. The fayortes OF the
day to-day were Pacific Mail, which advanced 10
s5i a. midday closing sai bid against % yesterday;
and Erie, which sold up 10 Al, then bask TO 39},
closing 39i bid against 39a at the close yester-
day. The former is affected by the intelli-
gence that Commodore Vanderbilt and Mr..
Roberts have come to an arrangement, by
which the steamers sent by the latter to the Pacific
shall find employment without competing with the
Pacific Mail Company. The Pacific Mail pay no
thing for the settlement. II Il earnestly hoped
that an effort viii be made by the stockholders In
this company 10 choose at the coming election a
board Of directors which shall command the conf.
dence Of the public 1t cannot be disguised that
the suspicion Of stock specializing attaches 1, seve
raj members OF the present board, and that in con.
sequence the stock does not command the position
to which It's merit really entities IT. Many brokers
viii not deal in II at any price; very few bankers
will lend upon it. The stockholders have now an
opportunity ofsetting themselves straight with the
public, by choosing board composed exclusively
OF hon orable men, incapable OF using the company
for their private stock gambling transactions.
We understand that Commodore Wander
bilt win not enter the board, though II Il
possible that his large interest may be re-
presented by some one, as that OF hessrs.
Brown Bros. il by Mr.. Potter. Erie rose on
large purchases which are ascribed 10 the wealthy
clique that Is identified with the recent rise. The
news from Europe Is favorable. In the afternoon
the market was rather lower, and stocks closed
weak at the following quotations. Virginia Sc,
e0l a 81; Missouri 6s. 7si a r; Canton, 20l a 4;
Cumberland Coal, preferred, IL . IL Pacific Mail,
94i I; New York Central, se3 q :; Erie, 3oi q 4;
Hudson River, s34 . 1; Harlem, ali I; do. pre-
ferred, so q; Reading, AZ I; Michigan Central.
IS /; Michigan Southern and Northern Indiana,
20i a Il; do. guaranteed, t6A 4; Panama, las
4; illinois Central, 81 !; Galena and Chicago,
IA a 4; Cleveland and Toledo, 45i a 4; Chicago
and Rock leland, 73a
In the article by our special reporter on the
Condition OF the Northwest" which was pub.
lished in the HERALD In July last II was stated that
the drought had seriously injured the crops south Of
the 10th parallel OF latitude but that In the region
north Of that line this years yield Of wheat and
corn would be Unprecedented Late reports from
the State Of Illinois confirm the prediction In the
most striking manner. In all the country south Of
40 deg, there Ia little or no wheat left The rail-
roads which drain Southern Illinois, Southern Iowa
and Northern Missouri will have little or no more
wheat TO carry this season. Such roads as the
Illinois Central, the Burlington and Quincy, the
Chicago, Alton and 81. Louis, &C., must rely, from
this time out, on their corn and on what wheat
may have been raised on their lines in regions
north Of 40 deg. The queen region this year win
be Northern and Central Illinois, There not only
have they the most magnificent crop Of wheat ever
raised but there is hardly corn field that wiz not
yield - bushels TO the acre. Not since 1856 has
there been anything like the prospect Of winter
business which the corn crop Of this year ensures
to the region lying directly west Of Chicago. In
order that our readers may appreciate the pros.
pect, We subjoin . table Of the monthly earnings
Of the Gsena and Chicago Railroad-which has
two lines, both stretching ves,wardly nom Chicago
TO the mississippi for the past FIVE years together
with an estimate Of the earnings for the FIRST seven