New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-12
SATURDAY, Oct. l0--P. ".

TIE stock market has been active, but quite rregu-
lar today the tendency is STILL however, downward
under the heavy pressure Of stocks thrown on the
market by the necessities of holders. The sales OF Stse
zoehs il viii be noticed continue 10 be very large and
prices are well sustained excepting Vrgnias which fell
of TO 20 from 76yesterdsy. Railroad bonds are heavy
Illinois Central under the assignment declined TO so and
The stock to 69a70. At the Second Board the move
mept of the market wss stu downward. but after the
Board there was a slight rally with small business
doing. Bank stocks touched lower prices, but were
in better demsnd at the close The transactions Of the
ssy on time were exceedingly limited Speculation is
dormant. and the interest of the street hiss been
diverted from the Stock Board TO the Bank and me
Mercantile disasters.
10 Exchange there is nothing Of importance doing.
Rates are nomnaly at par TO lOl for fIstclsss Stsr
ing.
Freights are lower. To Liverpool, 50 hhds. Tallow
at lie. Cd, $50 bales Cotton al 3-l6S7-32d, l0QOO
bush. Grain, in bsgs at 3d. 5000, in bulk at ild,
30 tnns Fusc at lie. Cd, 500 hhds Sugsr az 2Os. a
22s Cd 600 bbs Rosir at 1s small cargo Of Sugar st
DIS I'd. To London, 800 bbs. Rosin al p, 1900
hhds Sugar at 25s., 800 bbls. Spirits Turpenne a.
IA. 500 cases Cassis a. l5s, measurement. vessel
for Cowes and market with 1000 bids. Sugar at 3Os.
The business of the Sub-Tressury was: Receipts,
$<Jo,l1Joi, ICluOinS $iVVVVV .-eN9'o-''- AVA"
Boston Payments, 1906, IA co. Balance, so,l9O-
$50 ~ The payments include some drafts for Gov
ernmen, Stocks redeemed Stocks to yield about $780,
600 went over to-day for redemption for the Bowe-y
Savings Bank.
This has been about as gloomy day ss has ye: been
experienced The assignment of the Illinois Central
and the protest Of the Erie Road, which were early an
.oupced although rot unexpected, Contributed 70 ne
upplesssrt feeling which has been approaching climax
for the past week. The nonpsym Of the last IN.
saonert called by the Illinois Central, sni the in.
instability Of using their credits on LordoH, have
brerght about this assignment In the present oou
dtion of financial affairs il was impossible for sny
oobns .ion Of men to carry the large h'a'ng debt,
exceeding three millions Of this corporaton Ine So
signees are Messrs. +. Schuchsrdt, j. w. Alsop L.
L. Sturgis, Edward Cooper and j. ~ Persins' Inc
following card has been addressed TO the puohc;
Circular the Credi2rs and Stockholders and boNas'tae'
Of tAe Lnisois Central Railroad Compdsy
The directors Of the Ilinsis Central ksirosd 90 u
pary are under he painful necessity o. snrounc og
hs: notwithstanding the most strenuous exefiors 20
aver suth result, the Company - i1rcea 70 s-S'
pend payment.
The existing derangeneot 10 the financial affairs 0f
the country surprised the Company With large h9s,-
ing debt incurred Tor the completion and equipment Of
The road. To provide for lie psymen. whea the uslsl
credits became unsvailsble an assessment of $40 q
shsre was promptly made, and upon this eide Of The
Atlantic largely paid IN advance enabling the Com.
nary 10 meet IL engagements n September The IT,
s,alnents upon the stock held abroad have been 10
yscd progress Of payment bnt the neSotsdon of .As
III, Of exchange drawn sgaEs. then, dhc DIT Il 6rss
hss a. Length become Impossible
Al a,heP and ne 1a nOdes Of rssrg money are w. Il
t,~1,p 70 BE entirely unavailable. J, = aid oe q
,ain l.. this tine = cal ID GoltsI Is'a.n'n. CO re