New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-08-28
THURSDAY, Aug. T-P. v.

marked being in New-York Central, which, und er
purchases by the shorts, was run up to q, an adv Ance
of y cent, and in Penney lvsnia Coal, which i'm.
proved y cent. In the street, between 'de Boards,
the market was less buoysnt, and Erie sold down to
Is having been ~ in the morning. This was under
rumors that the interest due o1i Monday would not
be paid. At the Second Beard, the market was, with
some exceptions, heavy at lover prices than ruled in
the morning. Ohio Trust sold a. 10, the first transac-
ton since the suspension. In the street, aterxard ~
wes bid, Erie, at the close, was 1871; Reading, 6Oi
Central, 12l Southern Michigan, 81; Pennsylvania
Coal 63l &c. State stocks are heavy and Miasouris
scld down tc 13l.
There but little disposition to operate 10 Exchange,
and rates nomnaly lower.
Freights are firmer: To Liverpool, 5000 bush.
Grain at 3D., in Begs; Cotton at IS. y bale. To
Marseilles, $4,000 light Pipe Slaves at 81 brig
from Charleston to Barcelona, with 1890 bush.
Wheat 23c., in shippers bags. schooner of l7O
tuns from Wilmington to Porto Rico, at $li = NJ. for
resawed Lumber.
The business of the Sub-Treasury Receipts,
$l33,5 SIS; Payments as, s35 g. Balance, sl2,-
3s7, 81 20.
NJ Receivership of the Ohio Trust has yet been
made, but the matter will be before the Court to-mor-
rev, and if opposition is made by creditors Mr..
Lane will probably be appointed with the consent of
the city creditors and of the Company. The Sheriff.
we understand has decided to give up to the owners
the collection notes which among the assets and is
engaged in selecting them from the other secur-
les. A portion Of them have been used in raising
money for the Company, and litigation will low ensue to
establish the ownership Of such misappropistedpsper
But little light has yet been thrown upon the state ofthe
affairs of the office here the Sheriff ha. had possess
49, Al al rad
that matters are not so bad outside apprehensions
would indicate. The officers Of the Ohio Bsnks, most
y the branches of the State Bank have been in SEES
sion here yesterday and to-day considering what action
they should take in regard to the Trust Company as
well as their own affairs.
The officers of the City banks held meeting today
to consider proposition for aid for the Erie Railroad
Company TO the amount Ct $500 600. statement of
the financial position of the Company was made by
Mr. Moran who stated that that amouat would be
sufficient to carry the road through if the pro.
posed lean should not be negotiated. The proposition
was favoraby received by the meeting and It was
unanimously decided TO recommend 70 the various
Boards of Direction that the aid reeded should be
tended.
We hear of but one failure to-day, and that not
Of much imp ortance. The street is decidedly ess
nery ous disposed to think that have the
wort of the present furry. There is but the usual
amount of uncurrent money Offering ia the street at
the advanced rates Of discount which continue. The
notes of the Farmers Bank of Saratoga ard Sacketts
HaIbor Bank are not bought to day by some of the
brokers.
The failure Of the Trust Company has yet pro-
duced little no monetary disturbance at the West
A Cleveland banking writes:
eve DO not anticipate any trouble here, as there
no accounts kept with the Trust Company, ex-
cept one bank the Merchants Bank, and it will not
affect them \ large number Of the banks in North
Ohio had removed their accounts from the Trust
Company, and but few private bankers kept their &C.
counts there. .
ave think eur Ohio banks sound and this fail
ure will only inconvenience them for few days
More attachments were granted against the Ohio
Life and Trust Company this morning, at the suit of
the plaintiffs named below, for the amounts opposite
their names respectively:
The Franklin Branch of the State Bank Of Oho... 900 %
The Bank Of Geausa at Panesvile Ohio... q $50 80
The Western Reserve Bank SIZE -
The Merchants lvs ~
The demand for money continues quite active, but
sufficient supplies are found although with much
difficulty than last week. Paper is in better demand
than yesterday at the advanced rates, and much
ton is exercised in selecting names. First class single
name is 10 T. + cent. Endorsed 10 y cent. The
Banks strengthening themselves, and their call
loans must now be very low.
Mr.. John Thompson thus announces his
pension in his Reporter of this date:
"The Ohio Life Insurance and Trust Co. suspended,
Unexpectedly, Monday last. This Banking Institu
ton Is the largest in Ohio and probably the most inn
pOrtant and active in the Western States; its failure
uIdei1mnes the very base Of confidence.
Your humble servant has also suspended together
with several other houses in Wall street 1t is
necessary tor US to speculate upon the causes that have
forced this event upon us, predict the consequences
As il relates TO ourselves and our editors, can
only say that shall exert ourselves to all from
any ultimate loss; tire being necessary To enable us
to liquidate all our liabilities.
The want of confidence and other causes have
carried down several banks-the names of which will
he found in another column and some others, not
mentioned, are reported in trouble and probably will
suspend y--u
we shall have ample time TO look after this paper and
the interest Of numerous subscribers; and they
may rest assured that the pet OF seventeen years will
not be abandoned or neglected at this critical period.
'7Re Reporter, from this day forward, will be pub
lshed by Mr. Plat Adams who for the las! five years
has had charge Of it in that capacity and to whom,
ourself, any communication relating to the paper
can be addressed.
Messrs. Atwood & Co. will pay the interest the
bonds of Manhall County Illinois, and of the Dayton |
and Western Railroad, due in this city on the ls prox.
Mess.s Wiuslov Lan;er & Co. will pay for honor
of the drawers the checks of the Ross County Bank,
Ohio on the Ohio Life Insurance Company in this city,
The following is a statement of Tolls received on
the New.York Canals during the third week in Au.
gust. and also the total amount received from the
opening of navigation up TO Aug. %, in the yesrs
specified below
Third week Total to Third week Total 20
&ss Az q .,, !. A9s g, AZ 81 3 "a
jSi:.... s2iOl l55s51s la5i....... s7os9 l5oo,5.o
i!is... Ss5 IssIs s55.... s ssS I $3. e.
iS5I..... iO7,as leoe $50 iS57...... so,sS5 1o67S5