New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-25
SECOND BOAND.
SArURDAY. May 23-P. "

There was to-day very large business in the leading
fances especially Erie, Southern Michigan and Toledo
with an irregular but generally very heavy feeling The
feature of the market the panic in Erie, which SELL
ers crowded upon the market for cash and on short OPP
tons in large quantities portion of the sales are
on account of enc or two bull operators who could
not receive their stocks to-day. The decline was
very rapid from 81, at which it opened, to 80, at
which there were sales at the Second Board. The
market afterward rallied and closed at 81, fall OF
q y cent from yesterday. The immediate cause OF
the decline to-day is not apparent, but it propaoly
will not be questioned by the friends OF the road,
that there has been for months growing dsbe-
lief among the stockholders, as to the ability OF the
Erie road to work out the results that have here''
been anticipated from il, and this impression has IN
duced many 10 throw their stock upon the market
and thus depress the stock nearly TO the point 1t
touched before the negotiation Of the last loan, and
when the Company was thought to be at the point OF
protest. That the bears have measurably assisted
the decline by their sales is also true but the nonpay
ment of cash dividends, the falling of OF earn
ings, and the approach Of maturity OF the
1859 bonds have, presume, been the moving
causes of the fall of about % E cent, which has taken
place since the Let January OF the 90oO shares SOLD
to-day 900 shares regular or three days option
The fluctuations in other stocks were much less violent
light demand for Pacific steamship carried the prlce
to 20. There active speculative movement IN
Southern Michigan which after selling at 6O4 recovered
TO Fridays rate CO.. 81. The transactions reached
600 shares The shorts sold freely at T. cent diff
ference for thirty days, and at the Second Board
sales were reported at 2I y cent difference be-
tween seller sixty and buyer thirty. Cash
stock is not abundant. A purchase of 500
i L.,.,1x he Tho nr1n
stock sold at o. and the full" guaranteed at 90, a
90. Toledo was heavy and fell off to 6Sl. Reading
opened at 79l but under moderate sales fell to 7sl,
closing at 7sI. The small tunnage for the week,
81 O00 and the general dizziness OF the coal trade had
| an unfavorabe effect. Eew-York Central was also
heavy and dropped again to S6t Illinois Central was
not firm, but closed at 1885, The bears still sell at an
unusually large difference. The Bond market is weak
and inactive. The sales of State Stock to-day larger
than of late SOS 600 Missours sold at So s2l cash.
and s2I buyer sixty and 2 900 vgnias at 9., buyer
thirty, and 81 regular. sale OF 5000 CALIFORNIA; was
| made at 81.
| The Exchange market continues quiet and IN
changed.
Freights are dull and nominal for most kinds of mer
| chandse and frmer for Cotton There is very little
offering. To Liverpool, 800 bales Cotton at BE-. cd.
| to Is, and Sea Isspd at id; $50 hhds. Talow at
los. To London, 600 bbls. Turpentine and Rosin at
| Is. 1870; 5000 ID. Whalebone al ID. To Glas-
| cow $50 bbs. Resin at at Is. Cd. ship from s..
| Johns TO London with Deal a; 70s. a brig of $50
| tuns to Turks Island and back with Salt at lie.
A ship from Charleston to Amsterdam with Timber al
$40 ship by the Straits Of Sunds with Coal at 80.
| The business of the Sub-Treasury was: Receipts,
| sl9O,O5G 49, Payments, $3l7,73j IS; Balance,
1885 pa So against Sl3,77S,64j last Saturday,
showing gain to the street OF $2 3Sl during the
1 week
The Imports Of the week al this port show q con.
siderable decline upon the week of last year.
The following is comparative statement Of the i'm
ports of foreign merchandise at New-Yor& Cor the
week and since january;
Dry Good. &, ...,..... ssssi.i si,Ns@s $50 80
General merchandise. 2SsS,z77 2es525O 2c6colS
Total for he week -. 'sSOsS,A8 -s4lSSls s27s745
Previously reported 4sS,S49 7ss5l,7h s27ss SIS
To.l since Jan L.. ISL SSs67 ssS7S5o54 ss5522 10
Among the Imports are Coffee, 1880; Cigars,
s60,Se Cream Tartar sli6OO; Licorice Paste, 49,
500; Linseed So, 400; Madder, s2S50O; Furs, $40
800; Gunny Cloth So, 500; Hides, Sll0 jOO Copper
s2O, 100 lron $l97 ,0O0 Steel, $30eO0 Spelter $i2
40 Tn, sl2iOO; Lead $2 300; Molasses $l4l 100;
Sugar, 1Oi Potatoes $4,000: Tobacco, SIS 400;
\ Wine, s9 500 Watches sol 400; Wool. s53. 500.
l We annex comparative statement of the export.
Of merchandise from New York foreign ports for the
y week ending Wednesday 40 since JsnuervI
h. ,A iSS55., 1856. 1857.
Previously ,PoTtcd.... 25s9Ss5s T5si ce53 ~ ~