New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-16

increase in IO2l6 81
The Pacific Bank has declared dividend Of j 2
cent, payable lst June.
The failure of breadstuf operator Is announced TO-
day.
There was an incipient movement in the Board OF
Brokers to-day to rescnd the resolution of the Board
passed some days since, that contract sales of Mch-
gan Southern stock should carry the privilege of the
guaranteed stock The movement did not meet with
much favor as it is in the face of all precedent.
resolution will probably be pressed successfully that
sellers shall not be required to furnish the guaranteed
stock until the expiration of their contracts In regard
10 the issue of certificates Of the stock transfers
&C. we are assured that the Company are desrous of
doing everything that is proper and of afording all
necessary facility.
The applications for the 100000 of Second Mort
gage Bonds of the Galena and Chicago Company Of
fered to the stockholders at par, exceeded two millions
Of dollars.
The annual meeting ef the Cheshire Railroad Com
pany was held at Keene, New Hampshire, on Wednes-
day. The report of the Directors for the past year
gives the following figures:
Construction account. ................... *SsnS8
Expenses Of operating the rosd...... 2f255l
balance ............... eIISO77
The amount Of ndebedness Of the road on the day Of
Recf6[ alter Of be G a i and d Bon RaToa
+852390 The means Of the road are estimated So
stock and materials which cannot be made available TO any
great amount toward paying the debts o. the COMPANY as
Of + 88 in real estate will be sold when an OPP
puny offers and the amount received can Be appropriated
bond. which fall due the Let of July, 1860 (s5S)) the
Directors say be reduced by applying the net income Of
the road TO the purchase Of those bonds
The repo shows falling on IN the gross earnnss on tne
~ s sfp1; - ''" f-''1 WV" ''' > ~
The subject of dividend, after some discussion
some opposing and others fayOring one-was re-
ferred to the discretion of the Directors. The Direct
ors were authorized to purchase the Bonds of the
Company Of 1860, from any surplus funds that they
NAV have at the lowest market price, The old Board
oi Directors was reelected there being but little OPP
position
The adVices per Asia not very important. Cot
ton is rather lower and Breadsus rather better. In
Money the strngency continues and the Bank, without
raising its rate OF interest is restrictive in its
loans. The private letters speak of active demand
for money all over Europe, and the impression is that
this state of things will continue for some tune. Con
,ols were lower. In American Stocks there was but
little doing, according to both Barring and Bell, with
little variation in prices Mr.. Satterthwate says:
The market for American Securities in London has been dull
inactive during the past week and where sales have been
effected they have been done az slight decline lnthe present
condition money market buyers aud 20 effect
sales reduction in price be submitted We
few purchases Of Illinois Shares III small amounts at our former
quotations-z7d - prem. go.
Money continues extremely tight az high rates COnsos close
92k for Money, and 92i al for Account
The Circular of Mr.. Osgood Field says:
There has been heavy for Money during The week
change Some s amounts of gold have been taken ion tue
Bank Will. arrivals from Australia have been kept back BY
easteTy winds English funds have been depressed while
An ercan Sectes have been neglected and the quotations
given u c other side mostly nominal
Messrs. Robert Benson q Co., IN reference to the
money market &c. have the following remarks:
The pressure Money market continues undated and
loans and discounts still paid without
indication of The BANK Of En2and have
made no further advance ther rates but their accommoda
on in the way Of discounts ana advances made Oh re-
Thr market for English securities generally is depressed In
our Circular quoted Cousos 49, for Money and $751; al
for 18th Of May To-day being kept az holiday IN the stock
Yesterdays quotations viz: 9t for Money
Tsarrs in American securities have been limited
the market for them dull with little change in prices
onotice Illinois Central cent Bonds nav been
sod at ana w. fIec-hS s az a, s and PerRsvrni. cen
trsl second mortgage ~ g.
The Bank return exhibits the following results as
compared with that Of the previous week:
Notes Issued decrease - $50
Public deposits, 90 al
Other deposits decTease. L<l<5lo
Government securities. the same. -
Private securities decrease. 6l5S3
Notes in decrease. l%yoO
Active circulation, increase ....'.''''''''''' 4L9lp
Coin and bullion, decrease oooii
LONDON Friday Evening.-The Stock Exchange is
closed TO-DAY for holiday as no business can be trans
acted for money in the government securities on ac-
count of the transfer offices at the Bank OF England
being closed for the purpose OF making up the usual
hali-yearv balance. This is therefore one OF the few
occasions in the year when the Gly correspondents
of a daily paper obtain kind OF MONDAY
The tone Of the money market Is rather more favor
able: but a. there is q heavy It'll Of the mouth on
Monday next followed by the settlement Of the Con-