New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-02-12

"WEDNESDAY, Feb. II. IN.

The features Of the stock market much the sasno
es on yesterday TIE tendency is down ward, and tho
optra for fail fee.st-rs of come Of the active
railroad stocks. Reading is an exception to she move
mt ut of II market ane h fun ut 81 dsllc II Is uA-
ders.ood thbt the diff ultes between the GOLFERS aod
the compao, have been arranged and that the friends
of the compspy are buying Gslens, La Crosse and
Rock leland also exceptions, and were drm- Tho
feature Of Il market continues TO be the decline -
Michigan rthen which at 7,lc, fell of 10 7aty
react dto7;c and iiDoll closed al G74ic sdeclno
Of about = cent fioce yesterday. The tansactSns
e=chsd shout coo shai,.. Tbs recen. anu rapid fau
in this stock hos excited much attention, aud vari0s'
rumor have been current ia relation TO issu,s OF Stock
&c Upon making inv est s'iOn into the trt Of these
rumor- fpd that - toe hate meeting Of tho ID res
toIs tic subject Of dividend discussed, and az
the supus earnings OF The road for the yesr had
used up il The con- uctipn OF the -trot snd Toledo
Road, which was sult upder asrho1iy Of d.
rect of tie stockholders Of the Michigan
Southern Road, it was suggested that tho
dvid nd should be made IN Stock, the Company
ETH havrg uti.sued capital. The policy If Stock
Dividend was ci-agrecd to, and oQs.t.ln having
been be Directors Tor the outright purchase
Of eco shares of this ubissued capital and line Of
the Sinking Furd b 'rds the Board dscided 10 make
the sole an6 pay the dividend in cash rather than la
crosse the floating debt by making loan in as-
tlcipston of the sole OF the Detroit and Toledo
tonds. The transaction is without doubt entirely e.
climate and sppears in the frthcompg Annual
Report. II il hao been nhdc public o. the time Of the
araion Of the dividend, doub, if the recon.
panic in the Stock would have occurred Us the bsars
would not have been ercouragsd by an inexpie ,bls
Il in the Scckto cell short freely and thus accelerate
Al ,n1 "A n Il. IL,
iiz.d with southern and FIJI off to 72i hut req tel 10
73i, ard finally closed at about 73l. The biddiog
on time for both stock. was at much than
the usuaI difference, p y cent for sixty days
having been paid on Southern. The receipts Of
both roads tor the first week o. February chow
gain on last year, 900 increase 10 the cue Of The
Toll 90, and IS Geo in toe Of the Southern Eric
closeo at about 59l. The whole read has teen heard
fr NJ, ard the only damage to the two piers Of tho
bridge across the Delaware River, which will COST
ne g. go to repair The passengers from the West
c me through to-day via the Delaware. Lsckawsnns
ano ", stern END New-Jersey Central Roais. New
York Central is 90,, having cold ~ Ssi. Ohio rfast
sold at 9saa99 For Illinois Central l36 was offered,
I37 asked Both Railroad Bonds and State Stocks ara
quiet and heavy.
In Exchange there Is nothing Of importance doing.
Sterling Is 81 81. Frsncs, 525@5 22i.
Fr.gbts are quiet but rates are maintained. Tho
enssg. men,s 10 Liverpool 500 bbk Flour 81 Is 3D.;
Grain at 7.aiid.; l5O bales Cotton a. ID; 100 bbls
Laro at 25s. To London quite Flour at o. Cd
CT ain at 81 3d. B,con at 2!s. Cd c25s; 1000 bois
Ko~in ard 500 bbs. Turpentoe at % 30 Ds>
To Rotterdam: 50 tuns Cedar WOOD at 35s.
The large receipts at the S7b-Tfeasurv continss.
To-day the bu,ness wss: Recsip.s, $4,000 95i Pay
nc nts So eI2 81; Balance, sl3,3s6,60G %.
The Manhattan Life Insurance Company nss declared
az int rest dyd ID Of three and hak per cent On Tho
prta stock and dividend Of four and half per Get
ou1 Of the profits Of last year.
The Niagara Fire Insurance Company, ten per cent,
PAYABLE on the I6.h inss-
The Indemnity Insurance Company, Eve per osat,
payable On the 18th inst
new IIsuraEce Company, called the Brevoort To-
sura &c Company, IL in progress Of formation. NJ.
Richard Oakley lie TO be the President
Mr.. Shepard Krspp has been reelected Presdesi o.
the Mechanics. Bank, being his seventeenth year o.
service.
The supply Of money is rather better than Il was
yesterday in some quarters, but tie detnan2 y "a"
very active both frtm stock houses AID merchants,
snd III the capital of the street 10 ecryey employees
The Bar k are disposed TO contract rather than
ard the presebt appear nces that the 'tAtenes
rext week will chow decrease in the kansL
c.srespondent Of The PAaadelpA,a kds~
mon ING writes from Eonistown that run wa
ten o,ed on the Bsrk Of Montgomery County 49,
dsy. He states that il has ESQ goo OF ssee ~ 49,
] al ia liabilities, enabling il to psy 81 den'a"S'