New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-09-02
TUESDAY, Sept. l-r. VI,


The stock market to-day presents the came irregu.
lar features for several days past the transactions
beirg n AMY confined to cash operations. The list
presents wreck of values in railroad securities whca
the most sangune bear could scarcely have looked for
month ago. At the Second Board there was rally
IN two or three descriptions, especially in Illinois Cen
trail but generally the market was very unsatisfactory,
and after the Second Board the feeling was gloomy,
but prices were without important change. Erie I'M
proved in the morning under the success OF the
600 loan, and sold up to 2Ol, but atterward
reactedt l9. Reading very heavy, and recededto
50, decline Of = cent, under sales, it il reported,
of Philadelphia stock. About 5000 shares Reading
have been transferred to Philadelphia within few
dave New.YoIk Central lost the frmness of yester-
day and decntd to - La Crosse was very heavy
in the morning, selling as low as TO- but recovered In
the afternoon to 49, Illinois Central recovered to 81,
an advance of y cent. Toledo fell to "a; Galena to
IS; Rock Island to 10; Milwaukee and Mississippi to
35; Michigan Southern to II, and Guaranteed to IS,
&c. Illinois Central Bonds fell oil to sli further
decline The interest due to- day on the bonds of this
Company was promptly met. State Stocks show q
further decline, Mssours selling at 67 Virginss at
81, Indiana IS III, and Ohios a. auction at 80.
In Exchange, the business is quite small, and it is
reduced rates. The leading drawers ask 81 %, but
sales of first class outside bills have been made at
sasi and 81 is called tae top price. Private transac.
tions by leading drawers are rumored at about that
figure This put stop, for the present, to the foreign
specie drain.
Freieh,s continue firm, but very quiet. To Lve:.
pool 100 bales Cotton at 3s. ~ tuns Oil Cake o. s..
80 tuns Quercitron Bark at los. To LONDON 500 bbs
Il 10 AZ - .
do at lie. I'd. a lie. load, in bags. To Glasgow, by
steamer 300 bbs. Flour at 2s. 500 boxes Cheese at
4js.; so ties. Beef on private terms.
The business of the Sub-Treasury was: Receipts,
$3.50 $50 80; Payments, $33O,6s7 Al Balance, 49,
OLE, 293 IS.
The street was taken by surprise to-day by the
pou, cen elt Of tie failure OF Messrs Beebee Co.,
bullion dealers one of the Oldest and most respectable
houses il the street. Their embarrassment has been
brought about by the decline in securities upon which
they had made call loans. The Ohio Trust Company
j. largely debtor to them and the securities at present
are entirely unavailable. The sympathy OF the street
il strongly EXPRESSED toward this house Their checks
drawn yesterday are all paid and the remittances
ceved to day are .acredly set aside to meet the drafts
crarn against them. The other failures Of the
day are Messrs. Adams Buckingham, prod
uce dealers, j. II. Prentice q Co., hat AID fur
o.alers, and one or two others. To these must
he added the Mechanics Banking Association
which did not open its doors this morning for business
being unable to make is account good at the Clear
iDg-llouse 1t has been known for several days past
that this bank was in trouble, ard it has received aid
from the other banks but its affairs, upon e1anina
tioD were found to be too much embarrassed for eec
tusl assistance ard it has been expelled from the
Clearing House. The default Of the teller is so, OOo
ard it has a large amount Of leash iiems, soms
$500 OOO, Of very little value The defalcaiion Of the
teller has been going on for three or -four years past
and much of it has been spent 10 high living The
bark will doubtless be wound up bys Receiver. II
5000 or SEQ 600 would have saved il, the other
bsIis would have advanced the money, If he