New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-07-15
SECOND BOARD.
TUESDAY, July lip. N.


The business Of the Stock Board continues to be
comparatively light, but the feeling was generally
strongly upward, especially at and after the Second
Board. The demand for cash stock was large, aud
excepting in Erie there not much disposition
shown to put out time contracts. The Unexpectedly
easy state'lof the Money market combined with the
falling of in the foreign drain of gold has given the
bulls confidence at the same time that the same
causes have induced the shorts to take in portion of
their lines. The arrival of Mr. Moran, who has been
indicated as the new President of the Erie Road, had
favorable influence upon that stock, with which the
general market sympthized. Mr.. Moran is an ener-
getic, intelligent and influential gentleman, and his
first eLdeavor should be to arrange the present I'M
happy state Of affairs between his road and the New
York Central If these corporations ere TO go on to
cut each Others throas in senseless competition at
fares which give an absolute loss the service done,
no change in the Presidency can be Of any service.
In relation to this matter the following circular has
eenissued:
CLEvELAyD, Ohio, July IL, 1857.
The reducing of fares lately initiated by the New
York and Erie Railroad Company necessarily involves
and is being followed by other roads. We consider
the policy ruinous On Wednesday next, July 10 our
respective roads will refuse to ticket over or honor
the coupons, TO check baggage over the New-fork
and Erie or any other railroad reducing rates, and
have given notice TO that effect.
Will your company take like action Please reply
definitely and Immediately.
Z. CORNING, President N. Y. C. X. X. Co.
sNurL SLOAN, President H. Go
Wv CHArM President Western R. r. Co
l. NJ HUBBY President c. G. and G. r. Go,
WIN. CAKE, President G. aud Erie r. Co
c. C. Dtryis superintendent NJ. r. and L. s. r. r. Co.
Under rules of Union Board at Indianapolis, no
ticket can be sold except at uniform fare:
JOHN BROOCH, President bellefontane Limo.
The Erie Road justiies itself in the course it has
adopted by charging that the Central Road through
its agents have been ndustriouy circulating statements
rejecting ipjurously upon the efficiency of the Erie
equipage, employees, &C., thereby driving business
from it. and also that the Central has broken the spirit
of the mutual agreement by offering inducements at
the West and East for business sent over its line. OF
this we know nothing but certainly the conservative
members of both Boards owe it to themselves and
to those of whose interests they are the gusrd-
ians to heal this silly quarrel at once, and
put fares at paying point for all business.
The closing price of Erie was 3O 300, an improve
ment of II = cent Reading left off at ~, there hav-
ing been some private sales at 70 in the street The
advance in Central was Ii = cent, the closing price
being S2;. 1t is believed that the clique have re-
commenced operations. The amount of transactions
in Southern Michigan was quite limited, and the mar
ket advanced to 40 for the opening. Western shares
ever fell off to 49, and La Crosse to 81 but aferward
it reacted to a. the price at which it opened There
was only moderate business done in State Stocks and
Railroad Bonds. Fries 1871, sold at CO. which is an
advance.
The business in Exchange for the steamer of We'd
nesday has not been very large but the market closes
finn at 81 a9i y cent for Sterling. Francs, 5.lsa
5.l6l.
In Tba
mepts 70 Liverpool were 200 bales Cotton at IS. y
bale; 80 bales Sea Island at 3D.. 100 half-boxes To-
bacco at Is; so bbls. Cod Liver Oil at 3Os. To Lon
don: GOO bbs Rosin at Is. 3D. To Rotterdam: 100
bbls Crude Turpentine at 81 Cd. vessel Of - tuns
from g.. Domingo to the Baltic at f2 is. q tun. One
from St. Domingo to Liverpool with Logwood on pri
va,e term.. The brig Mary Staples chartered for
Buenos Ayres on private terms. schooner Of 1000
bbls. to Aspnwal on private terms. brig from this
port to Malaga Sc e tun, with p cent primage.
The business of the SubTreasury was: Receipts,
s2S7 $50 60; Payments A. $40 u; Balance, So,
997, 45O IS.
The New-Jersey Railroad and Transportation Com
pany has declared sem-annual dividend OF . p cent
payable on the Isl of August.
The Security Fire Insurance Company dividend OF
: y cent, payable August |.
The Sixth Avenue Railroad, semi annual dividend
of y cent, payable at the Peoples Bank on the let
of August.
The Beekman Insurance Company, semi annual
dividend Of y cent
The East River Savings Bank will pay on the Goth
the usual interest dividend, at the rate of cent gu
all sums under $780, and T. cent on sums over $500.
The Mechanics Bank Of Brooklyn has declared
dividend Of ! a cent, payable on demand.