New-York daily tribune., 1857-04-24
TurRsD.y Anil 23-P. n.

,be .raosser books Of the Michigan Southern Road a
Leading house which has been buyer of this stock,
and Ind n large number Of shares to receive, was
unable 10 meet its engagements. II IL supposed that
the house alluded TO viii eventually pay everything
This and another failure which was announced gave
n shock TO the market which opened with great heav-
ness Southern sold to the extent of about Ooo shares
at co. afterward improved to o., and after seihng 10
considerable extent at 81 Gig, finally closed at oo3
6i The aggregate sales Of the day some 800
shares The amount of transfers to-day was very
lorce probably 70 600 10 900 shares, using up 81
pares of the transfer book Reading fell off y cent
selling at the close at 81 dSl1. New-York Central
was comparatively firm closing at s6l. Erie opened
ct A. having been 443 yesterday afternoon The sup
DIV Of stock was too large for the demand and under
sales Of some 5000 shares for the opening, the market
declined 10 42 at which the stock was offered after
the Second Board. Michigan Central is among the firm
est stock and has been during the whole OF the late
serious fall in the market. This is accounted for by
the fact that the stock is held by very strong men,
mostly in Boston and that very little stock Is aioa IN
the market. Toledo OBI at the close, decline OF
y cent. Illinois Central was strong with consider
able disposition evnced by the bears to sell II. 1t
stands about T. cent better on time sales than yes
tertlay Milwaukee and Mississippi fell of y cent.
sale of Stonngton made at 49, the first transac
ton for some time past. In Railroad Bonds and State
Stocks the transactions were quite moderate.
There is nothing of importance doing in Exchange,
but the quotations are steady.
Freghts are again lower and very dull To Liver
pool we quote Flour at ls., Grain at d2d 300 bales
Cotton at ID. $50 boxes Bacon at lOs., :, 100 bbls
Rosin at IT, Is. 3d.. 80 hhds Hams at lOs., 900 bbls
Beef at 2s We hear of vessels going in ballast rather
A. 1. opdr or
Glasgow nothing was taken. To Bremen 1900 bush.
Grain at Cd, in ships bags. vessel to load Deal at
Quebec for London at f5 from Wilmington to
New-York at 4Oc. for Rosin and 6Oc. for Spirits, and
another with Rosin at 4Oc. and Spirits at 6jc. A
sci from New-York to New-Oreans with Lime at g.
The Sub-Treasury continues to suffer depletion. The
falling off of payments for duties by the warehousing
of goods s already being felt. The business Of to-day
was: Receipts, 1898 62l 23 Payments, $i57 ,222 20;
Balance, $l4,7Sl,5 ,567 II.
new insurance company, called the American Fire
Insurance Company, is being formed in this city.
AT the recent election of the La Crosse and Milwau
kee Railroad the following gentlemen were elected
Directors: Byron Kibourn, President; Edwin H.
Goodrich Vce-President; Stephen Ii. Alden, Garrett
Viet, Moses Kneeland, Jackson liadley, Henry l..
Palmer. Samuel Brown, Charles +. jenkins, Moses NJ.
Strong Benz. +. Hopkins, Hugh McFarlane, ID. ID.
Cameron The old officers have also been reelected
letter from Milwaukee. dated 18th inst, says that
the business this road is increasing rapidly On
the previous day freight train came in consisting OF
fortysix cars and the morning of the 18th the out
ward passenger train consisted of seven full cars The
writer adds: THE road, as far as have been able
to ascertain is managed with skill and energy, and
with the most rigid economy in all its operations
The business of the clearinghouse to-day was
$40 $4,000.
The Directors of the Importers and Traders Bank
have resolved to increase the capital OF that Bauk
81, ,G00, ,000
There is a good home demand for Flour, and quota
tions are a Zoe. e bbl. higher. Wheat is quiet but
steady and Corn has an improving appearance. Inc
activity in Sugar is still marked, and prices touched
still higher point to-day. In Coffee there Is more
doing The Tea sale to-day went off with great spirit,
and all Greens at 45c. and under show an advance OF
&C. T. ib, other descriptions are tm Pork Is rregu-
lar In Cotton the business is to fair extent and the
market is strengthened by the telegraphic advices
| from the South.
The railroad between NewLondon and Stonington
has been located, the money to build subscribed the
| right of way secured and we believe the work com
menced with the prospect of having the road ready
| to be run upon by October or November. This Will
| make almost an airline road from New-lork to
Boston making the time to Boston, it is expected one
hour shorter and the time to Newport about four
| hours shorter than by any other railroad. The
receipts of all the roads thus brought into the direct
line must bc very much increased, but the road that
will be particularly benefited b. will be the Stoning-
ton, whose earnings will be very much enhanced Ii
| has been paying, when not interrupted by unusual
severity Of weather, about t. cent t. annum to ITS
stockholders. The additional receipts arising from this
Connection together with the guarantee against any in
terupon of its through travel by the closing of the
Sound must make it much more profitable work.
In another column will befound an advertisement to
contractors, asking for proposals for building this link
| between Stonington and New-iiaven. Proposals will
| be received at the Engineers office until 1th May,
prox.
| An evening journal is entirely mistaken in its
sumpoIs in regard to the dcfalcaton alluded to by
yesterday The defalcation we had reference to was
of junior partner of house far up town, and off
Broadway We shall endeayor to give the particulars
| in few days.
| Thompson's Bank Note Reoorter SAYS
We have lowered the price of Warrants one cent
per acre although 10, 80 and 100 acre Warrants are
in active demand, while 100 acre Warrant, are not
called for; hence the wide difference in prices
| We are now April 23l buying and selling:
~.,re w.rr.n,..............sI hsH'1S ls s'1; slis
% acre Warrants. eM O9
20 acre Warrants ............... ol 05
10 acre WsrIauts. 81 q -
100 acre Warrants ~ rs
We have no special change to notice in Money mat
ters. The supply on call appears to be abundant to
meet all inquiries. Paper continues in good demand
and passes at sag t. cent for frst-cass names The