New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-09-15
THURSDAY, Sept I4-P. M.

THURSDAY, Sept 14-P. M.
There was q reaction in the Stock market to-day in
some Of the leading fancies, most marked in Erie and
Nicaragua. The stocks not usually considered fancy.
did not much sympathise with tho downward tendency.
OF Erie the sales were 1000 shares, the market
dropping from Az to AL after the Second Board, do
cline Of Ct from the closing prices yesterday and
a v ct. from the highest point touched yesterday
The reasons adduced for the decline the over sup
ply Of stock from parties realizing the large profits
accrued on the purchases Of the last few days. and
that the combination have purpOsely let the market
react for the purpose Of bringing in short sellers
again. Nicaragua, under sales Of about 5000 shares
fell off II CT, closing at cat. payment
Of 100000 we understand was made on
the new purchase of boats by this Com
pany in its stock at 90. Central in fair demand at
GA a d. cline of y cent. Cumberland fell off "
cent. Harlem was one OF the buoyant stocks and
closed OF $685. an advance of y cent. Reading was
steady at TO- The earnings of this road it is esti-
mated are over 100000 per week. Hudson River
declined y cent The Western Railroads were firm.
Michigan Southern improved II y cent; Cleveland
and Toledo II y cent; Michigan Central y cent,
&c. OF Railroad Bonds, s75, 900 sold, the mat
ket generally being well sustained Illinois Central
were in good demand and advanced to 49, an improve
ment of % y cent. and of II y cent. from the low
est point touched during the late panic. Erie, 1871
sold at 49, showing steady market Newly rk Cen
trail, Sc; Panama. 80; Harlem, "a, &c. small sale
Of Ohio 6s, 1860, was made at LOOT.
Exchange is firm but not active. Sterling a9i.
Francs 5.l3S 5.lll.
In Freights there is nothing of Importance doing
To Liverpool 500 bales Cotton al6d, which is better
Grain is nominally 81 a I'D. Dead Weight 7i6Ql0I.
To London, 100 tuns Oil Cake Is
The receipts at The SubTreasury were sl4l, lo2i
paid, s94 COS; balance, s6,925, 500.
The Committee of Examination into the affairs Of
the Erie Rail- Dad held their first meeting to-day. The
members Of the Commute, Messrs Brown, Tileston,
Halstead Gourie, Hoadey, Williams and Davis were
al present. The Committee was organized by the sp-
pointment of Mr., James Brown as Chairman, and Mr..
Bancroft Davis as Secretary. No business was trans
acted to-day exceptingthe organization The Commit
tee it is understood will meet hereafter at the Manhat
tan Bank, and will employ experienced accountants
for the details of the investigation.
Mr. Simeon Draper sells tomorrow (Fnday) at
auction s224,O of Chicago and Rock Island Rail-
road Stock account of contractors, and 1000 Of
Caledorian Mining Stock.
Money on call was decidedly more abundant to day,
and several of the Banks lending to favorite bor
rowers at y cent. Many of the y cent. loans of
the Banks have been voluntarily paid up. Paper is
also going somewhat in favor Of the borrower. The
range for frs-class names is lO9l2 cent, and we
hear of strictly " gilt edged at sG9 cent Long
paper is also taken at rather better ratesl2 als
cent.
We hear of further inquiry for leading Railroad
Bonds, but nc important private transactions, A
proposition was made for large amount Of leading
-. a.,
hrst class Bonds there is surplus pressing on the
market but Of other descriptions the supply is over
abundant. No Bonds can be negotiated but at
enormous sacrifice. There is not vestige of a
market here for second class new loans.
In regard to the action of the Metropolitan Bank
m the of the Burlington Bank notes, alud cd to
some days since, we have received note from Mr.
j. +. Williams, Vice. President, in which he says:
1--WE have never required from depositor OF bank
guarantee of the bills of that or any other New
England Bank nor refused TO take them when offered
by individual depositor or any Bank having deal
mgs with this bank"
The in regard to the point in question arose
from the circumstance that the bills having been re-
quired 10 be guaranteed by the American Exchange
Bank were taken TO the Metropolitan bank and the
question asked, "Wil you receive these bills in de-
"posit wthou, guarantee T. to which the answer was
"Non The inference drawn, which il now appears
was wrong one was that they would receive them
with guarantee. The fact appears to be that the
notes were refused because the Bank offering them
for deposit had no uneurrent money arrangement with
the Metropolitan.
John o. Stems has been appointed Superintendent
of the Central Railroad Of New-Jersey, in place of
George II. Pegram, deceased.
The Exchanges at the Clearing House were large
to-day, sls4o4,ooO.
The sale of the Hudson and Berkshire Railroad
has been postponed by the Comptroller to the cath
October.
The Controller of the City Of Buffalo has informed
the City Council that he could not get single bid in
NewYork for the City Bonds he desired to SELL This
IL the result which might have been expected. With
srortop Of the city debt already under injunction
and The interest unpaid, il evinced remarkable de-
gree Of assurance to appear in nsrks, with proposals