New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-02-27
MoyDAY, Feb. 26-P. ".

The stock market was strong this morning. with
large business but a. the Second Board The bucyancy
was all lost and lower prices were touched tasn pre-
vailed on Saturday. The only reason given for the
fan was the specie Statement, 9th Banks, showing
lore Of about million Of dolla's since last week
At the close the market was very heavy. Erie was
offered at &C. decline Of + cent from the morning
price Reading, 75s; Harlem, 1000 shares sold after
the Second Board at 32!, a decline Of = cent;
HUDSON River, 3sl; Central, %; Panama opened at
ll2 but fell of to llOI The intinaion 10 morning
paper that the increased capital asxed OF the Legs
lsure for this Company, may be wanted for the par
pose Of buying the Ocean Steamship Navi-
Cation Company's chips, or for extending the
road on the Pacific side fteen miles to deeper
water, we have official authority for stating s en-
tirely without foundation. At the office OF the Com
papy no such intentions have even been heard of,
much more entertained. The business proper Of the
Company, the trans poTtaton Of freight and passen-
eers it is supposed will be sufficiently remuueradve
to satisfy the siockhoders though it is not supposed
that ibe result will be satisfactory to the shorts.
The road il fnished, and has cost little less than
SC 900 900. The busiuefs of the road may requite
some additional expenditures for buildings, &C. bat
in DO event is il anticipated will the amount exceed
e. 900 OOo The act TO enable them to issue g. 900 900
in stock or convertible Bonds, applied for as
precautionary measure, but the Compsny's success
in obtaining money in London on their unconvertbe
Bonds renders additional legislation Of much less
Importance than when the bill was introduced.
Illinois Central is firm at 96i. Cumberland was
heavy and fell off 10 34f. The new Directors it is
understood are favorable 10 dividend. There is a
moderate demand fos Bank Stocks, aud holders are
asking higher rates. The business in Railroad Bonds
was about sll0, 900, and prices without change
of in portance. Illinois Central Bonds sold at "A;
Free Land Bonds, 6ei; Panama, no. New-York Cen
trial. 99i; Erie, 1855, %; ls7s, 7oi, &c. The sup
ply OF State Stock continues good, and quotations
are steady NDginias, 95l Indiana S. 81 Loulsiana
6s, &C. Michigan y cents 95, &c.
The market for Exchange is not active for the
steamer, and the drawers are al anxious TO sell
Bankers who were asking 10 y cent. for Sterling
sold at the close at % p cent. The range of good
Sterling lie 9a9i y cent. The inquiry was moderate
The Panama Railroad Co drew f25, 900 against th7ir
London negotiations and Messrs Schuchardt & Geb-
hard were drawing Francs freely against the half
million purchaser, for Continental account of bonds
of the illinois Central Railroad Co. Tho Illinois
Central Co. was also in market, TO draw against
their sales in London. These sources of supply
| tended TO depess rates somewhat The supply of
bills from the South is not large. Francs are 5.l5d
5nl.
The Receipts at the Sub. Treasury were $1,000;
Payments, $3.50 $50; Balance, 1905, 397. In adj
ton TO this balance the Sub Treasury contains 81.
las, 935 to credit Of the Bullion Fund, Discussing
Officers, &c, making grand total Of 81 SOC 53s.
The following sales were made at auction by A. II.