New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-07-04
FRIDAY, July 3-p. ".

FRIDAY, July 3-P. N.
The Stock market opened very heavy this morning.
and continued so at the morning Board, but bright
ened up considerably in the afternoon, becoming quite
buoyant in Tone This partly owing to the increased
ease in the Money market unexpectedly happening
instead of the great srngency that was feared. Mich
igan Southern securities have all advanced consider
ably The confidence in the management Of the road
is again on the increase. The common stock has
advanced A, and the preferred y cent. This is
great advance, and is very significant. Erie stock
improved I; Reading y cent; Cleveland and To-
ledo III Michigan Central !; and New-York Central
H. Illinois Central fell off l. and Is Crosse 3 y
cent This last stock fell most heavily in the MORN
ing recovering in part at the Second Board. Chicago
and Rock Island advanced Il. Galena and Chicago
was firm. California State stocks have given way
considerably, as might be expected from the nom
payment of the interest both the loans of 1870 and
1875 declined cent. Erie Bonds Of 1875 fell off l.
Private letters from Liverpool state that teegaphic
dispatch from Paris received at the latest moment pre-
vous TO the sailing Of the steamer stated that the Bank
of France had stopped buying gold. The market for
foreign exchange is inactive, and rates nominal. The
asking prices are 1901 1904 for sterling, and 5lSa0
SIS for francs. But a small amount of specie is ex-
pected to 60 by the Persia on Wednesday.
In the forenoon money was in quick demand, but
subsequently great ease became apparent, and many
houses had money to lend at closing hours which they
were unable to place. The week, therefore, closes
with an unexpected ease, which promises well for the
coming week. The preparation made for the day has
proved beyond the necessity, and marks well the
soundness Of our financial condition. The discount
brokers were well supplied with money for good in
dorsed paper at short and medium dates. s9sl per
cent for prime short dates for long, and 9al0 for
second grades, single names Gals, call loans at
per cent.
Freights are frm but quiet The engagements to
London are: 500 bbls. Rosin, los. I'D. 200 bbls
Spirits Turpentine, is. $4,000 light Slaves 75s; 300
ceroons Tobacco, 75c. To Liverpool 500 bbs. Flour
at Cd. Cotton at IS. p bale; 5000 b Wax, ID;
800 bb Rosin i,d. To Rotterdam: 800 bbls Spirits
&c. y gallon.
The business of the Sub-Treasury was Receipts,
S5lO,262 lS Payments, 1913 ,525 40; Balance, $l0-
81 059 TO-
The New York Exchange has declared dividend
of 81 T. share, payable on the 10th of July.
The Williamsburgh City Bank has declared half
yearly dividend of s. 2 share, payable on the 10th of
July.
The Mechanics and Traders Fire Insurance Com
pany has declared hafyearly dividend of y cent,
payable on the 9Th Of July
The bondholders of the New-AIbany aud Salem
Railroad Company have taken ntiatory steps to fore.
close their mortgage and obtain possession of the
road. Frederick A. Lane is the Attorney acting for
Them. whole years interest is cow overdue and
unpaid
The receipts in the Sub-Trea,ury, it will be seen,
are less than the disbursements The Customs duties
paying IN are but moderate. The Banks gain from
The treasury $500 this week, and their specie av-
erage Tor the week will chow large Increase. .,
Mr. Albert d. N!eolays regular semiweekly auc.