The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-08-08


This is the best of the many good statements
made this year; the excess over last year TO date
is now over s14 900 900, and about as much over
the year previous. Included in the above state
ment of exports are about 500 900 worth of wheat
and -four shipped for the mostpart to Great Britain
and her colonies; nearly SIS 900 worth of tobacco
most of which went 10 Germany; about $3.50 900 Of
domestic dry goods, mostly TO China and South
America, and over 600 of cotton TO various
parts of Europe. The shipment of provisions 10
Europe is also very large. Om exports Of
wheat 10 date since January are now con-
siderably in excess Of those Of the corresponding
period of 1855; those of 1859 were merely
nominal. We have also shipped considerably more
provisions, beef pork, butter, cheese and lard
than We did to date last year or the year be-
fore; Of cotton our shipment TO date Is about
20 600 bales in Of 1858, aud Ia 900 in excess
of 1889. OF tobacco we have shipped Is per cent
more than in the first seven months OF 1859, and
fifty per cent more than in the same period of 1858.
At this rate, II our consumption Of foreign goods
can be kept within bounds, the exchange will soon
rule In favor Of the United states.
There is nothing new in the money market
Money IS very abundant on call at 3 per cent, and
choice double name short paper goes without diff
Guilty at s. Long paper passes rather more readily
than it did at a g per cent. The bank state
ment is regarded as very unfavorabie, and the
policy of bank managers is severely condemned;
but still there is no dminution of the amount OF
money Offering. At the ub-Treasury today
small business was done; the receipts were
sl75, 100, of which $4,000 were for customs;
the payments, s2l4,75i; balance this evening,
s5,5l2 ,097.
Most of the leading drawers report quiet mar
ket in foreign exchange for the Boston packet to-
morrow. At some houses, however fair business
was done in bills on London at 1897 lesSa brokerage
and in bills on Paris at 5.i3l Ia. The rates for
sight bills are lloA and 5l0: THERE'S, as usual at
this season, quite moderate supply Of mercantile
bills; rates range from 100, to 1904. We hear Of
no specie going TO Europe tomorrow from Boston.
The business at the Stock Exchange continues
10 be very large indeed and prices, at this morn
ing's board, continued TO advance. II Is quite evil
den, that the public who for three years have been
heeccd every time they entered the stock market,
are having their revenge; the enormous profits
which are being made on the full side are going
into the pockets of outsiders not street operators.
With few exceptions, the well known street job
were buyers q month or six weeks ago, but sold
out on an advance Of four a five per cent; since
then they have been waiting Cor a reaction 20 buy
in. Not a few are supposed TO have taken short
line Of prices ten fifteen per cent below those
now ruling. They made the natural mistake
Of confounding the revolution which Is in progress
with ordinary fluctuations in the market The
Western stocks continue to be the favorites among
spectators AT the first board this morning Toledo
jumped up TO IS, an advance Of per cent; then
declined to g., and closed i5l bid. When the float
ing debt Of this property is adjusted, the way viii
be clear for a redemption Of dividends which will
probably take place next spring. Galena rose TO
az, an advance OF per cent; fell back 10 &c, and
closed T6i bid. Michigan guaranteed touched
80, on buyers option, but was freely sup.
piled at the quotation. and fell back two
per cent, closing lsi bid. Michigan Central
rose two per cent in the morning, then fell of and
closed CGl bid-an advance Of per cent upon yes
to-day. Eock Island was steady without advancing
The supply Of cash stock being large. Illinois
Central advanced three per cent this morning. but
fell OF with the others and closed 81 bid against
7nA yesterday. Hudson River sold mp TO 6O-an
advance OF l per cent, and closed 59s bid. New
ORR central was done as high a. Ss-an advance
of 2 per cent. hut closed s7l bid. The dividend
no one doubts, will he three per cent. which will
leave the company with handsome sur
plus on hand. Eric touched o. closing 26l,
against 2li yesterday. Pacific Mail de.
cined in the morning. but was better
in the afternoon. State stocks Continue 20 be &C.
Morally neglected; investors seem 10 he giving the
preference TO Western railway bonds, which are
cheap at present prices. At the close Of the day
the market was fcverish the following were the
last quotations:-virginia 6's. 0lt 90; Missouri
6s, slt 1 : Canton Company, 2Olsl Crmber-
land Coal II 15' Pacific Mail, Isl 4 New York
Central, s7i I; Erie. 2GI al Hudson River, 50.
J; Harlem, Lei !; Harlem preferred asl Q so;
Reading. AZ u Michigan Central, cel ca; Michi.
ss1 Southern and Northern Indiana, lsl 4; do.