New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-08-16
TUEspAY. Anr. Up. N

| TUESDAY, Aug. lS-P. NJ
TIE transactions at the Stock Board this msrnin; wsrs
TO considerable extent, but the tendency Of prices Is still
downward The bears appear have control Of the
ket with but little resistance from the bulls ,nsies-
Bile rion Of tho transactions TOR the closing Of
racs Nearly every description Of fancy shows decline
from Yesterday Ere closed at sol decline oil oeat
Reading v.s ssI: Cumberland declined y cent Mica
rsgus 2 cent; Hudson River Y cent; Central was
heavy ut Of, a decline OF y cent Canton has been
rather active cr = day or a, g. The Western Roads
steady lnc,ne Bords sold at 81 and Fries OF ises
=; 6J. lnos Bonds were tiiAe lower and sold It ssh
small sale Of tverome-s S. 1865, made al il7i
1907 ii6l; 1852 s,ils Kentucky c. sold at o5 Tho
general impression sypeG 10 be that there DO no m.
pOrtant mproy eent in the Sesck market until the goac
raj resumption of business in September.
There second session Of the Board to-day, Id
order 10 enable members 10 aend the meeting OF tho
stockholders of the Harlem Railroad Co.
In Exchange there was a moderate business doing in
Sterling at full ratessl asI cent Francs si5saiai
Frechts are quite dull but without change To Liver
pool coo or 500 bales Cotton, $50 f2-6di Grain. 3D.:
Flour 3d.; 100 tuns Lard &c, 10 @l5j. The steamer
hes 500 boxes Cheese and 800 bales Sea Island Cot
ton at d. To Havre bales Gotten &C., and 800 sticks
Wood as y tun. charter was made for Lumber TO
Buenos Ayrss and Montevideo at $50. The clipper IAN
DARN engaged full cargo Of Flour day or two since.
from Richmond Australia at 81 SO and another clip
per was reported gagged full to-day for he voyage
on terms did rot learn. Small vessels quite scarce
and in demand.
To Liverpool, 500 bbls Spris 81; Ice tuns Logwood.
l76i $500 bush. Wheat I'd. To London, 1000 bbls Oil
Cake on private terms; 1000 bbls. Resin H.
The Bank statement published this morning had some
influence upon the Stock Board The loss OF 81 $780,
in specie in two weeks with contraction of loans,
was considered indicating that the banks mus. begin
to take in sail This movement indeed, has already
menced, and one two banks notified to-day nearly all
THEN call loans which however, not to very great
extent These institutions have sufficient line of specie
at present. they only fear further drain. In the present
abundance of money however, and the contracted state
Of street engagements is not anticipated that good bor-
rowers VIII find any difficulty in supplying their wants.
Papcr more abundant in the street the wants OF
chants being in advance Of bank discounts Frs,-class
names 20 at lO9l2 y cent. VAuc'oneers paper is also
more abundant, many importers are obtaining adj
vances on their stocks
Ever since Hartford bought that so shares OF New
York Central 1875 The Times of that city has been ex-
exercised regard TO the management of rail-
roads and the statements Of the NewYork papers in rc-
gard TO them Its last effort in relation the arrange
ment recently made by tho Erie Company to pay its float
ing debt and other liabilities, contains than tho
usual quantity of malgnity, blunders and fasohoois
However, lis Of no consequence, although Brown
Brothers Co.. and the Directors Of the Road would fsei
awful bad if they thoud happen to see the article
The Exchanges a the Clearing House i5,33o, s9a.
Geographic dispatch from Robert j. Walker and
Thomas Butler King dntcd Austin, Texas, 9TH August,
states that the Governor of tho State Of Texas has awarded
10 them as representatives Of the Atlantic and Pacific
Railroad Company the contract for building the Railroad
from the Eastern boundary Of Texas TO the town OF I'll
Paso on The Rio Grande through the whole State, dis
lance Of eight hundred miles. UEier this contract by tho
terms of the charter they will be entitled to twenty Sec
tons OF land of six hundred and forty each for
every mile road which will make the large aggregate
of 10 OcO sores of land depose Of s3OOo Is
qred By the charter from the contraeto, security for
the comp leton OF the road.
The contradictory adyices from the West In regard 10
the Indepa Banks have effect in Wallst, where tho
brokers buying the notes of all tho Banks at the pre-
yious rate II cent. The trouble seems 10 DO simple
quar1o between the Banks and the brokers Of Cincinnati
upon tie question attribute.
The Convention Of the four great East and Yves. Rail-
road lines was held at the st. Nicholas last night The
Erie was represented by Messrs Ramsdc and McCslum,
Robinson and Drew; the Hudson River informally by
| Mr. Nelson Robinson the New-York Central by Messn.
| Coming Richmond shedel, Yates ard yibbard; the
Pennsylvana Central by Messrs Thompson lPrcsidont
and Haunt SUPPLEMENTARY the Baltimore and Ohio by
Messrs Harrison PresidenD and Doane superinteuiont)
The Baltimore and Wilmington By its Superintendent tho
People Line Hudson River by Com. Newton. The meet-
ing was fed Tor The purpose o agreeing uPoh oono
NOUS action in regard TO fares, speed, &C., and the dis
cusson of the various questions brought up Of the
cst harmonious character. The meeting, after long
session. adjourned meet tomorrow morning, without
decisive action but with general understanding that reso
utions would then be adopted revising and equaizing
| the rates of freight and passenger charges, the
| speed of trains, the extent Of service and tho
| system Of free passes The increase Of charges
will be about per cent the decrease Of speed about
per cent and OF service about 20 per cent with material
reduction Of the present latitude Of deadheadng. An.
other important point agreed upon was the entire abroga
ton of the system Of and agents. which has hereto
fore been very expensive feature In the operating ex-
penses of great routes to the West The feeling
Of the meeting was without exception, OF the most eonc-
sory character and the effect upon the net earnings OF the
vsrious roads must DO very marked.
The action Of the stockholders Of the Harlem Road Of
tie meeting to-day viii have favorable effect in tho
street and tend much confidence The example
will probably be followed by the Newsven stockholders
II the precedent be fully established that corporations will
make themselves responsible in such Of fraud,
will produce stringent meaurest 10 protect themselves
against fraud, and will produce more willingness on the
part Of the public TO invest in stocks and bonds AT the
meeting to-day Mr.. William c. Wetmore presided, and
Meesrs L. ID. Stanton and A. NJ Ferris acted a. Secre-
| taries.
| The proceedings commenced by Mr.. d. Z. Wheeler
reading the following report from Mr. Nicholas Dean
who had been appointed by the Committee OF Sockhed-
.rs 10 examine the books and Mr. W. stated that tney
we're satisfied be had performed bis arduow duties "a
most satisfactory manners
The undersigned, committee appointed At recs aS
meeting Of the stockholders Of Ine W.. ~ 9.;..
| Harlem Railroad Company. 10 e1a'""' '"'" ~
II taff