New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-10-26

THURSDAY, Oct. esp. ".

THURSDAY, Oct. 25-P. ".
The quantity OF stock thrown on the mark ( today
was very large and another considerable decline was
experienced Holdsn of nearly all the stocks on the
list either from hish: necessity, wert Nger sellers
while buyers were disposed to bold off, expecting
still lower prices. We presume hat very srge
portion ofthe stocks sold to-day were force upon the
market, having been hypothecated, and the margins
used up by the severe sll of the last few days To-
deed we can zee no other reason for some OF
the slaughter which has been submitted 10.
The fall of the present week hs beei
cent in Erie, = cent in Reading, v cent in
Hudson river; 81 y G Mt in II >rlem; cent in
Michigan Central; T. cent in Michigan Soutnern
10 4 cent in GaleIs and Chicago - q cent ia Cieve
land AID Toledo; 81 D. csns in Chicago aud Rock
Island: & cent in Cleveland and Pitsburs h; q b
cent IN Cumberlond y cent in Nicaragua =
cent in Canton; y cent in illinois Cent al bonds;
y cent 10 Erie bonds, 1873; II = cent ia Mssouris;
y cent in Indsns 5s 3 b cent 10 Louisiana %, &c.
This depreciation, Of course, uses up the means o.
MANY parties to hold their stocks, ~bich are thrown
On an unwliI market, thus reducing further d.
cline which acts in like manner upon other par
GELS of hypothetical socks. Such reverse
as ne are experiencing we have seen several
times before in Wal street They contiLu uutd ,he
stocks are gradually ,entr~tsd in strong hands,
able to hold hem steadi' aad then If cOthinS impDr-
tant supervenes in the money market another upward
movement commences 10 be followed sooner or later
by another socalled pane. Such process Of reaction
has airesdy oommeu ced, although il is 10. unlikely
that the market may yet go lower before the decline
arrested. We know Of capitalists sho never bu}-eI-
ceptiDg in the mest Of patic-"hO have bern bay
ere to- day; and &c all values are not Jet entire
ly annihilated, 1t is not unlikely that other
such buyers msy come In and areet the down
ward tendency. A very large business was done IN
Erie to-day the transactions beng II less than
10 coo shares, including street saes Toe market fell
off 10 49, but at the close revived 10 49 bic. Had Enc
been sustained there would undoub edly have been
much less decline in otbs stocks, but the parties wno
were operating for a rise when the stock wa. 5iQ Sc
have apparently ielded the fed TO the bears Read
ing was sold heavily and fell of to 87i. Ceatrel
sold at SO, BUYERS thirty, down to g regular,
some three or four hundred shares Harlem fell
off = cent Hudson river T. cent, Cum oehand
declined Il = cent and Nicaragua T. cent. In
nothing does the present panic appear more remark
able than in the Western railroad stocks. We'd
managed and largely profitable stocks paying 10 y
cent yearly dividends regularly, and earning Is to 80
D. cent were sold to-day reokessy as If they were
mere gsmblers' chips wi b no intrinsic value. This
was most marked in Glens and Chicsgo, CHICAGO
ard Rock Isard, and Michigan Southern OF thsse
Gsens and acago is actually earning at the present
time about 30 = cent T. annum. The rece pts for
September il Is believed will be 100000 on
an expenditure Of lees than $1,000 OO0 equal
to slsOO,O0O for the same month on the Erie. 1t
paid 2 cent cash dividend in August and as far as
any thing in toe future can be known, will pay =
cent cash dividend in February; and the intead'n
now is also to declare from the Surplus earnings on
that day stock dividend Of 10 e cent Toe stock
holder therefore gets IS T. cent diviaend-lO OF it in
stock worth 10 p cent premium, in addition to an
award of 10 y cent more of stock az par Should
the market stand on the lst Of February no higher
than at present. the dividends and sssrded stock will
be equal TO II = cent on an Investment OF ITO for
three months. As shown by the official statement,
published by u day or tro stree the sctuai surplus
GU the Is, OF November viii be s6ls, 900, nearly Il
e cent the then capital in addition 70 > for half
tie dividend Of the ent FIX months then accrued
and overs cent $50 COO reserved for rene So fdnd.
These facts show that the ses OF this stock 1l0
liz must be BY weak parties, who had bought beyond
their mesns TO carry. Michigan Sou bern, also, which
is 8 regular 10 y cent stock with sn extra yidend
impending, before the old and Construction stocks
were con, oidated on the lst Of January fell of =
cert, selling q: 81. Chicago and Rock Island, slso
10 e cent stock declined to q, q fall Of q cent.
This fall in the beet descIp ions Of railroad securities
indca,es the character Of the present panic. 10
railroad bono. tee business was small, princp .ly in
nnoi. Central which fell OF to IS rhe sale Of State
sticks were also light and the market heavy.
In EXchsI &c there is but little doing Several New
Orleans nails are yet back which saortens the supply
of commercial bills.
In Frsights there Is better feeling among ship
owDers, and there consiiersbIe grain going forward
10 Gree; Britain. To Liverpool we hear OF some
$4,000 or $1,000 bushels grain, mostly whsat pArt
let bI-l II 81 o.. In bllk and l0- in ships bags
small parcels -four, d; 600 boxes cheese and geo
packages batter &, 80 and 1000 bales cotton g.
5l6d ll-32d. 10 LONDON: 5000 bushels wheat, in
Ibips bags al I'D and that rate was siterEsid
fused By shipowDer; and 100 tIns oil cake at i5.
To HsvTe: 900 bbls iour at 81; and 800 bales COT.
ton at le. Ts Hamburg: 100 baes cotton a. &c.
To Ant hn. Pee AZ I'D in shin,