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

trade should be altered, and that the United
States-a gold producing countrv-should import
specie of Great Britain which produces no gold, it
Is impossible to contemplate the enormous increase
In our exports OF produce without perceiving that
when cotton begins to come forward freely, ex-
change must rule very low indeed, and the general
course Of trade must undergo a change.
Stocks were lower to-day, and the business done
was comparatively small. Pending the receipt Of
news Of the election in Pennsylvania, the general
idea among the bulls seems to be to hold off. The
bears have been selling pretty freely on the proba-
BILE success Of Curtin, the republican candidate,
whose election they believe would cause general
decline In stocks; we shall see tomorrow whether
these apprehensions are confirmed by the facts or
not During the present month the chances APP
pear TO be in favor Of dull time in stocks in con-
sequence Of the pending political agitations. As
general rule money is very seldom made In opera
tons based on our political movements in this
country; people talk about politics and revolu-
ton and disunion good deal more than they mean,
and it often happens that the very day Of the great
est political alarm is the calmest on the stock mar
ket. Still, there are doubtless quite large num-
Der of operators throughout the country who will
hold aloof from the stock market until the Presi-
dental election is decided; and their absence may
create duness in the market, Notwithstanding
the prosperous condition Of the country, and
the increased traffic of the railways. So
far as prices are concerned, there was
no great change to-day, but generally the tenden-
cy was downward. Comparing the closing prices
of the day with those Of yesterday evening" we
note decline Of in Central, of in Erie. of in
Harlem, of in Michigan Central, of in guaran-
teed, of in Illinois Central, of in Galena, of in
Rock Island, of In Hudson River Pacific Mail ad-
vanced II on the strength of new rumors about
q settlement of the Roberts controversy, and
Panama was fair at yesterdays price. At
the close of the day the market was quiet
at the following quotations:-virginia 6's, 500
a 90; Missouri 6s, 77s q I; Canton, 2oA 81; Cum.
berland Coal preferred, Is 4; Pacific Mail, 81
ss; New York Central, S7J ss; Erie, 37a I; Hud-
son River, So /; Harlem, 20i l; do. preferred,
4s3 Z; Reading, 46l al; Michigan Central, So I;
Michigan Southern and Northern Indiana, 2ll a %;
do. guaranteed, Ala i Panama, l24a lbs; Illinois
Central, s3i q; Galena and Chicago, rs! q I;
Cleveland and Toledo, 453 a &; Chicago and Rock
Island, III {; Chicago, Burlington and Quincy,
s7A a SO.
The following was the business Of the Sub.
Treasury to-day
Receipts. Sl06,S07 81
-for customs ,...........+ ........... $4,000 %
fhymso0 llO,oI3 %
Balance 1850, s73 81
The exchanges at the Clearing House to-day are
$24, 100 ,003, and the balances 81 ,l32,sls.
The business at the Mining Board to-day was as
follows
200 shs Gardner bio TX 900 shs Isle Royale.. i2,,
llC0 Gold Hill. ...... Gle loo do ....... IL
We are requested to mention that Messrs. Lanes
Boyce Co. request the holders Of their paper who
have not yet been seen by them, In consequence
Of the difficulty Of tracing them out, to call rs
speedily as possible at their counting room, No.
l94 Broadway to receive their proposition for set
Element
The weekly statement Of the Philadelphia banks
presents the following aggregates as compared with