New-York daily tribune., 1857-10-05
SATURDAY. Oct, 3-P. Y.

SATUkDA1, OCL, O-fs Ne
The Stock market has been irregular to-day with
hsge amount Of Socks pressing on the market The
nsrkst opened heavy, but improved from the opening
most descriptions. There was considerable difficult
tee in making deliveries of Reading and Pennsylvania
Coal. The former sold between the Boards as high
o. 90 and the latter at 60. After the short demsud
vY satisEed the quotations declined. Illinois Central
vas very buoyant under orders to buy from England
and advanced from IS to go seller thirty. Rock
hlano sod also y cent from the depression of yes
tersay. Gslena improved Il v cent New-York
Central after being So advanced TO So bid Erie, under
the doubt in regard to the payment of its dOatiog debt
l off 10 81, but recovered to H. al which it closed.
Milwaukee and Mississippi advanced to 16I from ii
yesterday. Michigan Southern was heavy. In State
Stocks there was not much done, excepting in Mis-
sours, which were firm. Railroad Bonds continue
very dull 1.-THE Second Board the feeling quite
strong for Stocks generally, and the market closed
st4ady The small number Of failures announced had
favorable effect.
There 10 nothing Of importance doing in Exchange
and rates nOminaly par TO v cent for Sterling.
There is however, an improved feeling, and some psr
Mes are disposed to invest al present low rates.
Rreghts are rather heavy. To Liverpool, 10000
bbls -four at 2s. 3D. 5000 bush. grain at 5ad. in bulk
and sgd S7d. in bags 80 bales cotton at ID To
London, 5000 bbls -four at 2s as 3d.; 20 tcs. beef
aa 49, Cd 100 tons oil cake at 22s Cd. 80 casks
sol Of 2os Is cases Of peppermint at 60,.,
measurement. To Glasgow, 500 bbls, -four at 2s. Sd.
S2s. Cd. A brig from Wilmington to Hull with car
70 Of euude turpsntine at IS. y bbl.
The business of the Sub. Treasury was: Receipts,
$44l IA Including $25O, 600 from Boston; Pay
ments, $2s3, ,l39 40; Balance, $7,74s,267 90.
The disbursements today would have been consider.
eby lsger but for the failure Of tse Washington mail
70 connect .. p.a.ladelphia. The drafts, however,
wiz come to hand on Monday. 1t must not be over
toied that large portion Of the two millions lost by
Sinh. Treasury this week has gone into the vaults OF
ths Savings Institutions, and will not appear in the
,nse;e reserve Of the Banks on Monday.
The heavy payments Of to-day have been met With
u.s.neeted promptness, and confirm what we stated
s,rc, since, that large portion Of the paper due
tod.y had already been arranged. We have inquired
q. many Of the Banks. and 6nd that the protests,
sHhoasb numerous are not much more so than OF late,
and consist mostly Of the country paper. Notwith-
stas ding the failures which are daily announced, Il
evident that our merchants very strong and the
s,presson of wonder is universally heard that under
the present condition Of the money market they
sastain themselves as well as they do.
We are extremely sorry to be compelled to announce
The suspension Of the wellknown house OF Clark,
Dodge & Co. The immediate cause of their suspen-
op IL understood 10 be advances made to their Boston
Aouss j. w. Clark & Co., who have also suspended.
great deal Of sympathy is expressed In the street Tor
Mesrs CLARK, Dodge & Co. The Philadelphia house
Of hsssrs +. w. Clark Co. have not suspended The
LOpg Dock Company and the Cumberland Coal Com
pany have followed the example of the Reading and
rome 10 protest 10 day. The Erie Railroad Company is
not implicated with the Long Dock Companyin the pro-
tssted paper. The Erie paid everything due to-day,
and the subscription TO the 500 O0O loan looks favor
able. II has reached now $500, 600, and is binding
hus far even IL the full amount in not made up. The
mercantile failures of the day are: Messrs. Ely,
Bowen Il Mcconnell, and Gage, Sloan & Slater, dry
rscis and two or three others of minor Importance
Nsssrs Clark Dodge & Co. issued the annexed cir
suar
Nrw.YoRK, October 3, 1857.
1t becomes our painful duty to notify you that being
unable 70 meet our engagements, we were forced 10
suspend payment to-day.
An Iemi,isnces received by us to-day, have been
Aaaded 10 the Bank Of North America, who will psy
arats 70 the extent of the money received.
All collections received from correspondents will
Ehevse be hsnled to the above Bank for account OF
Ne owners. ,,.
trrs viii be or iered into the hands OF tae owners or
as may be desired, and returns Tor sad col!
eetione viii be PAID over 70 the proper parues On ie
eeipt. r. W. ILAhA' DVp'A " Eo'
Tas season is approaching when the quantity OF
freight mon the raro sds viii be larger than can be
pu. through with regularity and disps,ch, unless bet
ter ,ys.em shall have been obtained than has been
p.es IN preyious Winters Perhaps our rsilrosd man'
ayers might study with advantage, the "fTe'sA
Clssring- House system which for years past ha'
been in very successful operation in Great Bnsn' Fol
Asir benefit We viii attempt description OF 1t al some
future time. Certainly some efficient measures ougn'
to be taken by the Rsrosd Companies either In con-
sert independently, to obviae the hindrances u
transportation which TO recur with each re-
tsrsiDg rush Of business especially in the Winter
Every heavy fan Of snow is made an excuse for the
delay Of merchandise route, and when the mer
sAAus, ont Of all patience a. the non-aival OF hi,
roods in anything like decen. season. threstens to CON-
,el the Rsilrosd Company to oompel safe him for con-
ssoosss loss, they reply ss the of the Central
America have done recently, We cannot rule the
elements: we cannot be responsible for wha. was
p,.irly . visitation of God" But that logic won;
sasveY. Obstructions upos roads must sometimes
sceur Of csurss, but, a. general thing they might
IA mush more readily renedied than they are, END
considerable loss and mach wearand-teH OF temper
Aha mercantile community, be saved thereby.
The Powell Bsah Of Newburgb, the Wodbau
fsunty Banh Of Conn, as6 the BsnA OF Ashland by
,.fe ttro % cat to day. There s an scnVe oasinss
10 meuIrent msrsy bot rsses we're ..sef E3ssrA as'
A.gno NJ Cspt dSCsgHt III