The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-09-05

The advices received to-day per Palestine, an
pouneing the prevalence Of bad weather in France
and the abolition Of the import duties on bread
stus, are calculated 10 stimulate the export move
nent still further. 1t may be hoped that the &C.
counts which have reached US of the injury done to
ne grain crops on the Continent have been exag-
serated. However a general crop failure in
Europe might for the time benefit our grain grow
ng interest, and those other interests which are
connected with il, such as railroads and shipping
IT could not but prove highly injurious to this coun
Try at large; II would be . matter to be deeply
Seplored, and q lit subject for general regret and
sorrow. In the meanwhile of course, it IL safe to
look for very active movement in food of all kinds.
Money continues fairly active, without any diff
Guilty in getting It at the recent advance. There
ere still some names which, on 40 90 q 90 day
bills, win pass below seven, and few which 20
below ca; but seven is generally the rate for first
class endorsed. There is less mercantile paper Of
the higher grades ahoat than il usual at this season.
prosperous % the country ID, there is evidently not
~ much business doing 20 the banks and lenders
would Like. The heavy losses which the dry goods
and many Of the groceries importers met with last
season have had salutary effect on their foreign
orders this year. On can the brokers are borrow
ing, without difficulty, ct seven. The receipts for
duties today were $sS, 900; the total receipts at
the Sub Treasury, 500 o3s; the payments, $ll995s;
balance this evening, Is ,l92, 0el.
The foreign exchange market continues mani.
nate, and it is more evident than it was yesterday
that il the bankers want to sell for the Saturday
packets they will have to reduce their rates. We
hear Of sales Of first class bills at l09i I, though
the asking rate at the leading drawers ID still no.
W. has If al
l0s4 n. The shipment on Saturday viii depend
b great measure on the course Of the market.
At loei, it needs some ingenuity not to net loss
by covering bills with specie. From present ap.
pearance it seems possible that . million may be
ahpped; the Boston steamer tomorrow will take
little or nothing.
There was fair amount Of business done at the
Stock Exchange to-day, and rather more tendency
70 buy stocks. At the close Of the first board there
was quite an active inquiry for some OF the specu.
ative railway shares; In the afternoon the market
was strong and closed firm. The most active stock
Of the day was Illinois Central which advanced on
London quotations Of 1s3 discount per Fulton, and
ID discount (by private teegraph) per Palestine at
Farther Point This rise Of ten per cent in about
ten days in the London market was based on an
advance in the scrip here to S. so that the London
price was, at the time the Palestine left, about
per cent higher than the latest quotation they had
from New York. The stock opened to-day at s4i,
en- advance Of q, sold up to s5i Sc, and closed
So bid. Eric is also quoted higher In London than
here; The closing price here was "a; in London,
Per Fulton, we note sales at ~, equal to 20 here.
The same remark win apply TO New York Central.
Toledo advanced per cent this morning, closing
AZ bid against 49, last evening; Rock Island was
steady in the morning, and closed in the afternoon
Isl bid, against 20 bid yesterday The Michigan
shares were neglected. Galena was I better
this morning, and closed, in the afternoon
7si bid, against III yesterday. The inquiry for
bonds il rather more active than II was; we note a
revived demand In the issues Of some OF the cheaper
Western railway bonds, and 6rmer market for all
State stocks. The recovery Of the Western country
IL likely to increase the demand for State stocks for
banking purposes. The last quotations of the day
were:-yirginia 6s, OIL a I; Missouri IS, 81 I;
Canton, ls} 10; Cumberland Coal preferred, 10
4; Pacific Mail, sol . sli; New York Central, $50 q
I; Erie, III 1; Hudson River, 56A I; Harlem, l6l
II; do. preferred, asa I; Reading, 10 Il Michi-
gan Central, coz . /; Michigan Southern and North
ern Indiana, 2oi . 4; do. guaranteed, AL "A; Pa
mama, l2s q 4; Illinois Central, $50 !; Galena and
Chicago, ISL q 4; Cleveland and Toledo, "A! u;
Chicago and Rock Island. 7si q 70.
Some reports Of the August traffic on the West
ern roads are beginning TO come In, and we give
hem, az usual, IN tabular FORM
Rooxs lnon1< "a xuous 30 lucssst 20.