The New York herald., 1862-10-15

Total mos. $39 ,2S7 378 3,279,J24 AZ, ,S73 lSa
The feature of these tables is a steadily increased
export movement of produce With one excep-
tion-July-the export of September was the
heaviest of the year 1862. 1t was considerably in
excess Of the export of any single month in 1850
or 1861. The high price of exchange stimulates
exports, as the premium on bills is so much de-
Quoted from the cost of the produce here Our
export of bullion is the smallest siuce March last
This month and next will probably make up for
the deficiency, as there is no present sign of a
dminution in our imports. So long the war
lasts the course Of our foreign trade seems pretty
clear. Money will continue TO be abundant, and
our people will continue to consume large quaint
ties OF foreign goods, at whatever prices they
might rule. Our exports of produce will be
heavy, but there is reason to believe that they
will suffice to pay for our imports; an active ex-
port movement Of specie must therefore be ex-
pected. In every branch of our foreign trade, so
long as the war LISTS, and until settling day comes
there is every reason to expect great activity and
generally fusfative business.
fair amount of capital is coming into the
street to-day; but still persons who have money
lying idle can place it at a per cent on ample
security, which is as much as they can get for it
by buying first class mercantile paper. Govern
ment certificates of Indebtedness continue to sell
at about 9934. Gold and exchange both advanced
materially to-day. The former opened at l3l, and
sold up to 1873 at the first and 1895 at the second
board Exchange followed, selling up to l4711ls,
and demand notes advanced to l2S. The gold
speculation is exciting considerable attention and
creating some uneasiness. By some il is regarded
as mere natural consequence Of existing and
III ntI,o ,v,
to believe that the sudden advance is the work
Of some bankers who wish to coercc Mr.. Chase
into negotiating a loan. Several projects
for stopping the speculation are sug-
gested. One starts with the statement
that the gold in the banks belongs to the depo-
stors, and not the stockholders, and recommends
the sale Of the whole of the gold held on general
deposit, and the distribution Of the premium pro
rata among the persons who were depositors on
the day the banks suspended. AS we had ocoa-
sion to remark yesterday, the true cure for the
speculation in gold is such victories over the
rebels as may restore public confidence, and con-
vince every one that the legal tender money
issued by the United States government will be
redeemed to the uttermost farthng. All other de-
vices arc mere palliatives, and would probably
aggravate the evil. Meanwhile it may be re-
marked that the rise in gold which does so much
mischief otherwise, has at least the useful effect OF
stimulating expectations and diminishing imports.
The stock market was vigorous, active and buoy
ant to-day. AS was foreshadowed yesterday, the
parties who sold out last week came in to-day TO
replace their stocks, and paid nearly or quite as
much for them as they got last week. number
Of new buyers are, moreover, appearing in the
market every day. sMany persons who are alarm
ed by the speculation in gold are investing their
money in bonds and stocks which will represent
some actual property and earn some positive in
come, no matter how far the legal tender money
may deprcciate. Each kind of dividend paying
security has its particular friends; the most
generally popular seem to be Erie preferred,
Michigan Central, Illinois Central and Rock Island.
Erie preferred rose q this morning, Michigan Cen
tral 1, Illinois w Rock Island / =. The
illinois Central Company have already in bank the
money required for the payment Of the January
dividend on their full paid stock, and a surplus Of
nearly 100000 besides. The managers expect TO
receive this month as much from land sales as they
receivedsin September. The whole market sym.
pathzed with these leading shares. New Ysrk
Central sold up to LOG, Pacific Mail rose 211Is Eric
old a, Hudson q, guaranteed L. Toledo "a, Gale
ma 4. The bond market was very active indeed
The Chicago and Northwestern assented bonds
rose l, the seconds per cent, Fort Wayne seconds
rose H,'thirds 2H. Governments were steady at
yesterdays prices. Between the boards the mar
ket was firm and the business large. AT the second
board stocks were somewhat irregular, in conse-
qusnce Of some realization of profits. Erie cid
and Toledo were fraction lower; Rock Island
and Michigan Central were firm. The market
closed unsettled, the following being the last