New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-11-04


At the Stock Board prices this morning touched
still lower prices with very large sales OF Reading
Erie Central, Michigan Southern and Toledo To-
ward the close, however, there was q change OF feel
ing and at and after the Second Board decided rally
with an improvement from the lowest points OF TO 5
= cent, which wac well sustained at the close Or
Erie the sales were some 10000 shares, and of Read
ing some Il, coo shares. After the turn the shorts
were very free buyers, and the low prices have also
brought in considerable quantity of outside orders
mostly on time The bidding for BUYERS sixty day
options was very spirited, and at unusually large
differences in the cash prices. Erie, after touching
56l sold as high as IS, closing at So Reading was
73i bid, an Improvement of l! T. cent Central went to
So, after seIg at sOl aud Toledo to 66I having sold
as low as Ga. Michigan southern improved from 50 to
ST. Pittsburgh from 50 to So and II Crosse from 20
to B. buyer sixty Indeed, the reaction was general
and strong Illinois Central Railroad Bonds were
active and strong at 81.
The principal cause of the rapid advance at the
Second Board was the foreign via Quebec, which
was considered as favorable. The Improvement in
Consos % and in the French Funds and the action
in Cotton believed to indicate Il renewal Of conf
dence in the moneyed world, aud passing away Of
the financial crisis. This together with the purchasers
ofthe shots, who bought largely, fearing further
rise tomorrow, produced the activity and advance We
have noticed above.
The business in Exchange for the Boston steamer
has been large, but the supply of bills is abundant and
rates are heavy Firstclass Sterling has been sold at
g. although some of the leading drawers ask - T.
cent. Bills of lading sold at Sasl = cent. The
quantity of bills offering in of the demand
Francs are 5.22l j1s3 and quiet.
Freghts to Liverpool are better. The engagements
are 80 600 bush. Grain at 8. Cd. $500 bbls. Flour
at 2s; 300 bales Cotton at j-32d. and 800 boxes
Cheese at 27s. To London, Grain at Id. AM Flour
at 81 I'D a IS. 3d.; OIL Cake at -. sd. and Resin
at 3s
The disbursements of the Sub-Trea,ury were today
sl3S, 600 larger than the receipts Among the pay
ments were $50 coo for transfer drafts from ST. Louis,
Mobile and Norfolk. We hear of another draft which
will probably appear tomorrow for 100000 II Is
understood also that there will be soon disbursement
of half million for site for a PostO flee in this city.
The figures Receipts, 1907 go 10; payments,
$iij. SEQ 81; balance, Sl3 go, 3l3 Is.
The amount of gold TO 20 10 Boston for the steamer
of Wednesday is stated at 900 to $500 600, of
which $50 600 is shipped by Belmont. The Atlantic
on Saturday WILL il is supposed take about the same
amount. A serious decline in Exchange, however,
which appears to be impending would reduce this
shipment.
The National Fre-IDsurance Company has declared
semi-annual dividend Of Is 2 cent, payable the
sth inst.
A first dividend Of >2ji on each first mortgage bond
of q, GOO of the Maysville and Lexington Railroad
Company will be paid at the Bank Of America under
the deed of trust to j. r. Souttcr J. Punnety and T.
Dehon
The business Of the Clearing House to-day was
$50 S3s co., which we think has never been exceeded
The Weekly Bank Statement shows a more favor
able position than was generally anticipated the
specie reserve showing increase Of $4,000, while
the contraction OF loans is 81 900 OOO 1t was
supuosed that the contraction of loans would be at
lsast II 800 eco. Tie line Of deposits shows a nom
nal increase of over 10000 but allowing Tor the
very large clearings-which are larger than be
fore knowu-thcre Is an actual decrease of $4,000
which is smaller than the street looked for. The I'M
drawn DEPOSITS are sjS, G35 900 against as 69 900
last week The line of loans has now been reduced
since the contraction commenced in August 81 O0 O0O
and the downward movement still continues. The
specie reserve meantime has fallen off e. 200 c0O and
the deposits s6,7O0,cOO. The comparison with las;
week s:
Losn. 1 D. SPECIE. C:reslldon, Deposit:
Nov l...... lO5,l42cS nO'7675 s,ss6s55 IS 52'sl
f RsGIga.F *o. !.' 4i1isso sij s5c57ii3
The movement of the bank. since New |, 1850, has
been follows: