New-York daily tribune., 1857-10-03
SECOND BOARD.
ERIpAY. Oct. 2-P. Y.

FRIDAY, Oct. 2-P.N.
The features of the Stock market remained much
The same as before noticed. The necessities Of the
holders Of Stocks forces them in large amounts on the
market for cash. while the bankruptcies of COM
panies and the passing Of dividends depresses not only
The Stocks Of these companies, but unfayoraby inHl
epoe others. Good and bad fall together under the
pressure 10 sell and the scarcity OF Money with which
t. buy II will be seen that Hartford and New Haven
which has been always considered one OF the best, II
eot the best managed and safest roads in the United
States and which is almost entirely in the hands Of
capitalists, the Stock heretofore ranging at about l2
sold today at par. Delaware and Hudson, another
Stock, with no floating debt, and which has always
commanded lsrge PREMIUM sold at %. New.iOrk
Central in selling only about 900 shares broke down
from SO 80 Rock Island sold down TO ii in consequence
Of the passing OF the dividend but closed az 51 Ga
lena sympathized and declined 20 81 fall Of cent
Toledo sold at 2J Cleveland, Columbus and Cincin-
nst, II. This road has always paid 10 T. cent, and
owes practically floating or funded debt, the bonds
having been converted into stock, with the exception
uf some $4,000. Milwaukee and Mississippi was II,
La Crosse g, Pittsburgh g, Erie lOGlO3 Cumoer'
land, -, sc Illinois Central declined t cent. Dis
patches from Philadelphia having been received stating
fhst The Reading Road under protest to-day, the
market fell rapidly TO ~ with only p bid, against 80
yesterdsy. The stock is scarce here, considerable
parcels having been sent to Philadelphia within the
week. Bank stocks are duh and lower. American
Exchange sold at 6S, Bank of America "a, PaTk 30,
Corn Exchange 75, Merchants ~, &c. In Railroad
Bonds the transactions were only $ 800. Missouri Is
fsll Off l., q cent; Virginias aud Tennessees were
steady At private sale, New-York State Stocks are
attracting the attention of capitalists Savings ns,itu
tons, &c. Some 800 900 have been sold within day
I,,L ord A. nj nd he nd il All
Snsuppled.
There is rather more di position shown TO buy Ser
ling Exchange at the very low figures ruling, aad we
hear that a Bank has made some purchases wi Ii the
intention of importing the proceeds in gold. One OF
che most serious obstaces to recovery from Che pres
ent monetary revulsOn ia this disarange nent of the
Exchange There are large orders here both for pro-
duce and Stocks and the export movement in produce
would be very large and strengthening if any vent
could be found for the bills draxa against shipments
Csrgoes now lying at our wharyes ready for de-
parture which are detained from the impOssbility of
segotiatng the Exchange given for advances I.s of
She highest Importance that some measures should be
adopted to relieve this state of things Such relief
would give an immediate and active impetus TO the
movement of produce outward and from the West to
the seaboard set the railroads and canals at work open
amarket for the farmer, enable the interior merchant
Throughout the fcancial circles. We do not assume
that the only relief we need is market for exchanges
but We assert that such movement would do to
k Us ont of our present difculties than twice the
amount OF aid afforded in any other way.
Feghts are less active and hardly firm for Grain.
To Liverpool, 5000 bbls. Flour al 2s.; $500 bush.
Grain at ODD 10 bulk and ID IN bags 800 bales Cotton
at7s. 81 as. Sd; 50 tuns Copper at lis. I'd. To
London, 800 bbs. Flourat 2s, 02s. Sd. bark from
Wilmington to Havana with Lpmbsr, at $l2 Z II.
feet.
The business Of the Sub-Trea:ury was: Receipts,
81, IDS So payments, s733,s63 i9i balance, 81,
3s6,633 10. Included in the payments was some
eoj0O00 for redemption Of Government stocks for the
Bowery Savings Bank, and 100000 transferred 10
the Philadelphia Mint. This is to be coined into gold
dollars, which not wanted instead OF the larger
pieces, which are wanted. We cannot understand the
policy Of the Director of the Mint in this step. Gold
dollars cannot be forced into circulation. Tie Sub
Treasury here have million and quarter on hand
which cannot bs got rid Of and the Associse ed Banks
have half million more which they would gladly ex-
change for larger ooins. Yet the NNt crippes the
bullion fund here, which viii be needed to inset the
payments for he next California arrival in order 10
cosn more OF these undesirable pieces.
The feeling in the street is decidedly apprehensive
tsdsy. The important failures announced here, fol-
lowing upon that Of Lawrence, Stone * Co. of Bos
ton, created fears that have not yet experienced
the worst Of the Storm The effect OF these failures is
10 embarrass still more the nego.iaon Of paper and
10 alarm capitalists into hoariog their money. The
failures to-day Include the highly important and
wealthy house OF p. Cbo.eau, jr., 4 Co. of this city,
This is fur house, with connections al S. Louis and
- one Of the Oldest honses in the country. The Go"
wss Mr.. j. +. A. Sanford, who died last Summer
The immediate cause Of this suspension is understood
TO be operations in wool, and the inpossibity of
so;isting exchange. The house has msde an assign
ment to Mr.. IT, A. Murdoch and the confidential clerk
$f the house. Ofthe very large interest in the Illinois
Ceh'rs' Railroad held by Chotesu & Co., 1000 shsrss
bare been transferred to Mr.. George Peabody of Lon
don. and rome of il, understand will eoms upon the
market The Iron" house Of Z. Chotsau. IT,, San.
ford& Co., No. Nassau street, VIII not srsp,pd
This hou'e consists Of Mr., Clotean M Stafford and
II. A BIrdock, and its assets sad business b,ve a..
wsys been kept entirely di.:;ue. from those ~ ,ba
fur concern. Mr.. Cho.eAa left tAis eveni,, Gov 6.
Lo=;s. We learn aso Of the suspension of Me-.
Bststiss,p, Tfsny 8 Co., Domestic Good, Svif.
Rsssem n 60, connected with SSif: q johnson o.