New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-11-28

TUESDAY, Nov. 27-P. VI.
There was a downward movement in the Stock
market to-day which in ofthe leading faucies was
quite equal to the papic which we passed through
some two or three weeks ago. The reasons for the
fall are ess obvious now than then. There IL nothing
on the surface OF matters in the street sufficient TO ac
coun. for decline of 81 y cent in Eie today or =
cent in Reading. There has been some changing of
leans caused by large drafts from the West drawn
sgainst produce purchases, and the discount Of East
ern paper TO relieve the Boston banks, but with the
renewed activity there Is no stringency IN
money, and the temporary character Of the above
movement. forbids the suppositioa that parties are
selling through fear of permanent scarcity of money
in future Indeed one of the Institutions which called
in loans yesterday was q lender again to-day. The
rumors in regard to Mr.. Champion, and the fears that
the AdsD:ic may bring unfayOrab.e political news,
have undoubtedly some effect, but the CHAMPION mat
ter was az fully developed last week to-day. The
most plausible explanation Of the fall Of the LAST two
days probably is that the parties who came in and
bought Erie from Al up 70 80 and Reading from
- up to 92l-hsving ceased buying and COM
mepced realizing their profts-fnd that the
market hes no intrinsic sustaining force tina. tie pub
lie are not in the movement q. present prices, end
hs. SIS soon as they stop buying the market drOops
II has bees remarked that the orders for the active
faDcies for TIE last week or two have rot been well
distributed and that he stocks were evidently getting
into blocks and not in the strongest hands ard under
such movement The market cannot be gust 4ined un-
less the public arc crswp IN. If the fall CONTINUES for
few Gays strong buyers VIII come in again. attracted
by low prices snd he upward movement Of last week
epestsd. There msy be deeper resson for the fsll
Of yesterday and to-day, but we have been unable
to discover any Erie sfer ire Second Bosrd wss ,od
as low a. l9!, Reading g J. and Cumberland %, bu.
there wss aferwsrd recovery Of TO = cent.
Central sold during the day az 81 a92. The Western
shares sympathized with the rest of the market.
Nicsragus was the nest stock on the Lat, selling at
l6l, seller TO- Railroad and State Bonds were heavy,
with moderate business
There has been large business IN Exchange for tis
steiner Of to morrow AID in the morning the ratss
we're frm and leading drawers generally asked ?
cen. more thsn yesterday without however sei-g 20
any exteut. Toward the close TIE market WIS *
scsip. TIE rarge Of good end frltclaa Sterling was
7lasI. Very few sales were made over 81 and good
ba1ke-s signatures ware obtained at mat fzrre.
Commercial bills were :. y cent. Included in he
sales were about $50 eco, drawn by three or four
uses OF Messrs. Barring Bros. against shipments Of
Bea5stufs and Provisions. Francs are q $50.
There we've not many outside bison re market most
of The remi'tsuces in The uthern mails having come
TO bankers and not sppes-irs on the market.
In Freishs, 70 Liverpool, notice engagements 81
1O,ooo bushels Of Grain at "a sd, in bulk snd
ships bags; 500 bbs -Four - 3D.: 600 boxes Sugar,
rs. 3D. ard 200 bales Cotton at 5-j2i. To London,
400 bbls. OikCske, IS 1000 ib WhalebOre, 4. To
Hsvre, 5000 bbls. Flour, soc; Grain, 22c.
TIE business at the Sub-Treasury to-day wEs not
important. Another transfer draft Of 100000 on
Boston was scli by tie srb-Teas1-cr. The amount
q Eastern paper discounted here within short tine
FOR Ire relief Ct The Boston banks H. hesF between
sfcoooO snd s7cOo large part Of which has been
drawn n specie. We are also loeing soms specie 70
Philadelphia and Baltimore. The banks in ths latter
city e preparing for their .nnua statements AMI sse
making themselves Is strong in specie IS possible.