New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-11-06
MONDAY, Nov, j-p. N.

MONDAY, NOV. p Ut.
The stock psnc mere ased today io intensity, and
the market approached near chaos as possible.
The excitement in and out Of the Board vas extreme
and the faucies slaughtered wi,houi regard to
value TIE considerable fail Of Saturday used up
margins, forced stocks upon the maket, and thus
accelerated the fall. Some bears also were bold
enough still to sell short fearless ofthe reaction which
usually follows sa decline as we have bad since
the Baltic arrived Between the Boards toe greatest
anxiety was evinced to get rid Of stocks, and one
would have supposed that the entire annihla.ion
Of stock values was near at hand. Most ofne rates
have doubtless been the result Of the difficulty OF OBJ
tanning loans on stocks, and the selling ou of parties
who could not respond, but the decline has been
assise by the operations of bears who no. men,
bers of the Board. The financial sdvces by the Bsl-
Tie, which produced in London only fsu Of ons per
cent can hardly be justification here for fall OF SIX
to eigh, per cent The original of the decline in
stocks of tie lsst few weeks is the expansion oil the
bsnka in August and September, mostly on cal loans,
which by enabling operators to cary large amounts.
Socks on bank loans induced speculation sni pledup
thousands of shares OF sticks in the hands Of weak
parties under hypothec stior, which, nov that the
banks have called in seven millions OF dollars, are
pitched on the market to be bought az contin lay de-
crossing prices by part. IS who are able 10 pay for
them without borrowing. There are many parties in
the stock market who deal in shares by thousands snd
depend entirely upon loans for ninety per cen: or more
OF their transactions. Dealing to this exsnt on 50
snail basis, ii is not surprisi5g that bat
moderate run Of fortune against them top
PIES them over Al the second board there
was decided rally, the leading bear coming to
the support of the market and bidding Erie up TO 4l,
il having touched iol in the street.; decline since
Saturday morning Of q = cent The market after
ward was hesvy and closed al 43i. The sales OF Erie
were no. less than 1000 shares and the OF
fuctuation was z cent. Reading fell of to 7s4,
fill ofl cent but recovered sgan to 50. Cenralsold
81 s5l SO. II appeared some Boston operators sold
on, largely. Harlem declined e cent. Cumber
land went TO 81, but recovered 20 ga. The COM
psny paid for q small portion of their estate Whist
tie stock is selling st 10 day. They owe
no debt but thst recently made, having eight
yesrs to run The original debt sight bandred and
twenty five thousand dolsrs which has bsen reiuce!
BY payments 20 four hundred and sixty thousand
Their Gales of coal reported to be fully eqaN to
those Of last year. The western shares although de-
pressed did not suffer ss much some of the more
active fances Both Panams and Illinois Central are
= cent higher than before the panic comnencst.
For these stocks there are some orders from Eogand
on the mar ket, which sustsins them. The principal
business in railroad bosds was in IuiEcis Central,
which fell of to ~ but recovered 10 7S3, decline Of
y cent. State stocks, without large transact Jns,
were heavy about 5000 of these stocks are taken
out Of the street daily ard west for barking pur
poses.
The Exchange market is ia very unse tled STATE.
The demand - day hss been very Limited, and con-
siderable portion Of i, was satisfied fom Boston by
telegraph, where tie rates are lever than they
are bGe The supply Of commercial bills ia large,