New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-04-08
TUESDAY, April 7-P. N.

| We have TO chronicle still lower Stock market to-
DAY, ana feeling which, ct the Second Board, took
the character of panic. The decline of to-day has
been preciptated by the using up of margins, which
has thrown considerable quantities of stock upon an
unwilling market. The amount of business in the lead
il fan les large, and in every case there was
decline. The falling of is y cent in Toledo, 81 q
CO mt in Southern, = cent in Erie y cent in New
York Central, / g. cent in Reading, II y cent
in Illinois Central, &c. OHIO Trust improved
] cent Rock Island, La Crosse and Gslens
were among the most steady stocks. In Railroad
Bonds ana State Stocks there nothing Of impor-
lance cong. After the Second Board the transactions
Were limited and quotations barely sustained. 1t
is somewhat difficult to discover upon what basis par
ties are selling stock like the Michigan Southern,
which has always paid 10 y cent annus dividend, at
66I cents but in such e:ate of feeling as at present
rules in Wall street it is useless to look for reasons
The tendency of the market evidently cannot at pres
Elf be resisted ana those who generally look upon the
more hopeful side of thiogs must patiently bde their
| time.
| The mail for the steamer tomorrow viii not be
large but Exchange closes firmly at 1857 1857 for
| Sterling. with leading djawers asking lOS. a lO'
Francs are steady at 5233 a52ll. The supply of out
side Sterling has not been large but the uncertain
state of the Liverpool market for Cotton has checked
| somewhat the Willingness the part OF bankers 10
buy bills drawn against that staple, excepting in cases
| Of parties Of unquestonable respectabibty
| F1eiehte ale rather easier. To Liverpool the en-
gacemens are COO bBis Flour at Is. 3D.. Grain at Il
SD; 700 bales of Cotton at SD; SO bales Sea
Island at 7.32d 300 boxes Bacon at 2s.; 9OO bbls
Rotu a, Be-; 80 ubs Maple at Dos; 100 tcs Beef at
| IS I'd. To London, 1000 bbs. Oil Cake at 20. To
Bordeaux, 900 bush. Corn at DC; 32,OOO gallons
| Rum at &c.
| The business of the Sub Treasury was: Receipts,
| s245 500 IL; Payments, 1891 Alb %; Balance,
$l5,Os9 2O2 Al.
The Directors of the Erie Railroad meet tomorrow
for the purp Sc of declaring Sinking Fund dividend
The act Of the Legislature entirely satisfactory to the
Directors. The business of the road for April thus
far, is large The meeting of the Cleveland and To-
ledo road to consider the dividend question Is to be
| held OF Friday next.
The receipts of the Hudson River Railroad for
Gs1ch, "
March, i0lo 10
| Decrease. .................."..."s4az1o u
The decrease is ascrbed TO the early opening OF the
| river.
The earnings of La Crosse and Milwaukee Rail-
road Company, Eastern Division, for the month Of
| March oz
| Tor the same month Last year. when 81 miles
On the 10th ult. the road was opened, and COM
menced doing business to Portage City, 90 miles from
| Milwaukee previous to which only 20 miles were in
operation.
The land grant bonds Of the La Crosse Road were
sold at the Beard to-day at go. These bonds are
rst lien upon the road and lands and carry stock
privilege Of 10 shares to each bond upon which shares
an nstalment of y has been called, with the under-
stai ding that more calls TO be made until all
other Of the road exhausted These stock
privileges have been sold at 20 al for paid. The
lana received under the grant, it is estimated oS the
Company, will be amply sufficient to buLd the road and
to the present shao holders their entire nyes-
ment.
The Milwaukee and Mississippi Railroad earnings
| For March, 1887 wsre..................StoiS
Match, 1890. s.'...'....'.'....... .eS'os'
| Increase. ACKNOWLEDGEMENTS. s9.56j
The road will be opened 70 the Mississippi River In
few days, forming the most direct route Of travel be-
tween the North West ar Chicago.
The warehouse Of the Breckenridge Coal Oil has
been removed TO No. 90 Greenwich street. See ad-
vertisement.
Mr.. John Thompson, No. Wall street. quotes Land
Warrants active and ffmer:
| les acre warranfs at...........sl,o el@
| lN scre wsTrants si,.......... Leg
=" acre wsrrants st.......... % %
70 acre variants St............ leo
~ acre warrants st............ | 10 | Is
Mr. John f. Williams, lac Vice. President, has been
elected President of the Metropolitan Bank, vice Mr..
Mccall; and Mr. Geo. J. Seney, Cashier, vice Mr.
Meigs, resigned. These changes we s,Aouucei
come time since a, about to take place.
The interest on the New-York City Stocks due on
the lst of May VIII be paid on that day by A " Stout
esq., CITY Chamberlain, at the Shoe and Leather
Bank. The transfer books will be closed from the
18th of April to the let Of May, but transfers will be
permitted in the interim to take effect the last