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


in the sAxe direction More recently, however, the
,or,.s Of this par having been divided spas portion
e their stock bsvirg 5ound its way back into the
street sgsk the bers their turn have beco ne the
influential paItie, and row. strergheped by moderae
,uoeess and the continued indifference of their rmsr
curoreIts, their movements become more dstsrmned
and ooniider. for decline. Thus the market stands
in lie essential point and while outsiders keep 30 en-
rely clear Of the field the chances for improvement
DO not appear encouraging A more decided fall, To-
geher with cheerful accounts from Europe may sam
rls,s a reaction rapid and strong; but the market
needs items of nourshment Of this kind to SAT-
t.om the letbargy which low hangs heavily upon it
A. the Fret Board 1.-The prominent shares went
at lower qotstiors inc ing York Central, which
opened at 70. but fell to 73!., Erie, which went down
to 49,, Reading and Toledo. La Crosse was one OF
the frett at practical advance over opening sales,
which, however, was lost in tbe afternoon
At the Second Board, the decline continued a.
general thing, and without any special effort on the
part Of the bear, the msrke. seeming TO fade out
more in consequence Of the typhoid sse INTO
which the stock business for the time gradually Get
Ting rather than on account OF the movements OF
those supported 70 be Interested in producing de-
preston. As the session tapsred of, there WA
u bIlSnt Improvement III 'ohO " w.
prices leaving of with tolersbie Geadiness.
At later hour IN the street, quotations were gwen
at tYifipg Improvement. Reading closed at Jc Did;
Toledo, Al; n. Y Central. 72l Enc, l1.; Michigan
Southern, 49, The floating debt Of the Reading Rail
road is crsduslly being absorbed in exchange Tor
bonds ofthe Corppsny at7O We understand that about
half million OF dollars have already come in, and
hoders Of the paper are beginning to be more disposed
~ -. haonr sler An
interes. decline Bond transactions were light during
the day, with q moderate decline in several Of the
prominent State Stocks. Illinois Central bonds were
g little frmer ct quotations.
The trans sctions in bills have been very light for the
steamer to morrow The supply is fair and ra'es are
steady. Sterling 1854 1925; Francs. Isl.
The non arrival Of the Europa checked transactions.
Feights are better and more active. To Liverpool,
$500 bbs. Flour at IT, Cd ais. I'd; 1900 bushels
Grain at AID, in bulk and I'D. in ships bags; Cotton
q. SGD. 800 boxes Cheese 81 22s. Gd.i 100 bales
Oakum at 3-l6d. To London, 200 bbs. Oil Cake at
% T. Dbl 500 do Roein at q. Cd; 1000 do Flour at
2s; 50 hbds Tobacco at 20s. 30 ties. India Beef at
is. 3D.; 800 tcs Navy Pork at 4s Cd; 400 bb's do.
at &c. To Glasgow 40 tuns Oil at 3d.; IS pkgs. To
bscoo q. 2s I'd. To Rotterdam, 400 b5ls. Rosn at
IS. 3d.; 20 bbls. Spirits at &c. y gallon bark of
$50 tups to Turks Island and back, with sat, at 3c.
Sold, by Henry Mouton, ship broker the superior new
chip Augustus, built at Bath, May, 1857, 73 uns reg
lister, on private terms.
The business of the Sub Treasury was: Receipts,
ti3l ,2Is 81, including $4,000 from Customs Pay
meps, $lls7l o. including $500 600 for traneI draft
on New OrIeans Balance, a 230,9S y.
The most important financial event Of the week is
the movement Of portion Of the Banks toward speie
resumption. meeting of the fourteen Banks which
voted at the Clearing House nesting on Wednesday
in favor Of settling balances in specie, was held to day
and Committee was appointed TO invite the City
Banks 10 resume specie payments on Mopday next
The Committee hsve issued the annexed circula. to
the Banks Of this city;
"NEw.YoRE, Dec. TO- 1857.
"SIR: The annexed isa copy OF a proposed agree
inert for the resumption Of specie payment by the
banks of this city. The concurrence and cooperation
Of your bark in this important and most desirable 90.
iect s earnestly solicited. The agreement itself viii
BE presented on Saturday next for your signature.
'O' %6soRSE SEwsoLp; Pre:id:O.
&C. q. HALSrED. Prendent
JAMES GALLA1IN President
On the third page ia the following notice, TO which
the s,psues Of the various bank officers of the city
are solicited
"In view of the present strong condition Of the
bar Ks OF Ids Guy, bDu Oi tIe W tuc
ard to themselves the undersigned banks of the City
of New-York do hereby give notice that on and after
Mono ay nsxt the l4tb inst thoy will resume specie
payments on all their obligations.
- Neuc- York, Dec. 10. 1857"
TIE fourteen banks which parties TO this move
ment are the Commerce, America, Manhattan, Mer-
chants' American Exchange, Phenix National, Fulton,
Chemical, Greenwich Leather Mar ufscturers, Broad
vsy Mercantile Irving All the banks will probably
Join in this resumption if it be persisted in, in which
case the suspension will have lasted just two months.
There will probably be Clearing House meeting to-
morrow Saturday, to take the mater into consider
stion. II is understood that iDtimation had been
received from Gov. King that resump ION was very
desirable before the meeting of the Legislature, and he
has been telegraphed that it will take place on hon
day. Communication has also be an had with the Bos-
ton banks, which are prepared 10 resume as soon as
New.York is on . specie paying BASIS. The &C.
tion Of the banks was the prominent topic
OF conversation on Chsnge, and that the
general sentiment appeared 10 be that II WAS prems-
ture. Some of our leading naneiers expressed fears
tha. mischief might grow out Of it. The Commerce,
the National and the American have been the acive
movers in this step, these institutions having been
desirous Of resuming come time SINCE Those banks
which have been opposed to resumption have, how
ever. only urged short delay on the ground that
affairs abroad still very much unsettled that the
shipments Of gold were large, and that the public did
not demand resumption. 1t appear, however to be
sxed fact that we .ha have psrtiI if not entire
sumption of specie payments on Monday next.
A meeting of bslk officers vas held at the Cssriuy.
House on Friday afternoon, ct which the following
bsbks were represented:
panh OF New Yort, Bank Of the Republic
Nefch.ntS Bank, Chatham BAnk,
Necbsnics Bank, Peopies Bsak,
Iri Bank Hanover rank,