New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-09-08
MONDAY, Sent. 7-P. VI.


With less amount Of transactions, the features of
the Stock market remain much the as last week
4 large proportion OF the purchases regular and
the Board appears TO have lost much Of its merely
speculative character. The shorts have gradually
closed up their lines, and a considerable amount of
Stocks have been purchased by outsiders for cash, es
pecaly of those which dividend paying. There Is
still however, some disposition to put out short sell
ers option by those who look for continuance o. an
increase Of the present strugcncy in money. The
most violen. Punctuation to day has been in Reading
which went to 81 against - Saturday, but at and
after the Second Board there almost panic, and
the Stock sold a. 80. Rumors were current from
Philadelphia of conflicting nature One letter states
that this Company has arranged all its money wants
in England while another states that the writer has
taken pains to ascertain the truth ard pronounces the
statement untrue. The Company is sad to have
floating debt of some two and three quarter mi lions,
and the bears selling the chances of the man
agemen bcirg able to carry such load in the present
| state Of public confidence in Railroad securities.
Erie left off at u al ,, having opened at 2ai The
September traffic is favorable the Western freights
having increased AM the passenger business is good
| Southern Michigan is steady. New York Central
cash stock continues scarce and the difference between
| regular and seller, sixty days, is p y cent. The
NCtttrh 5udles WIZ tSpCSidiy
| The Second Board, when the whole market sympa-
| iized with Reading Pacific Steamship is in demand
and firm. In Bank Stocks the transactions mode
rate at declining prices Bank of America lOi Com
merce 100 90; Mechanics 49, Park 90; Metropoli.
tan 100; American Exchange 100, &c. The market for
State Stocks is firm bu. the sales are limited. Erie
bonds Of 1871 sold at 30 and Illinois Central at IS.
The market is very heavy for Exchaoge. with but
little disposition to operate. This dullDes of Exchange
has unfavorabe influence upon sales of produce.
The supply Of outside bills good but there is lack
of money to purchase among remitters Bankers ask
y ant for best Sterling but the selling rates
81 as. ~ cent.
Freigh.s are decidedly better. To Liverpool 10000
bush. Grain at 81 I'D. in bulk, and y ID. in bGgs
100 bbs tour at ls; 800 bales Cotton 81. y bale.
To London, % tuns Dye Woods at ejs 80 bbs.
Crude Tufpe;tine at D. 3D.; 800 tans Oil Cake az los.
To Marseiles, 500 bbls. Alcohol at &c.
The business at the Sub-Tressury wa: Receipts,
sie2 seS 40; Payments, $si,lE 30; Balance,
| $Il,3l6,ei3 81.
Among the payments was draft Of AGO 900 in
favor of Rsgs& Co., which went into the Bank of
America.
The Weekly Bank Statement is a disappointment; to
the street in The extent Of the specie reserve the av
eIaSe OF which, it generally anticipated, would
saDd al very nearly 81 OOOO 900. 1t is conceded tina.
the actual amount in Bank is over $4,000 900, In.
the aversSe has been reduced by the late arrival IN
the week OF the California receipt. The average in
crease of the line is $3.50 00 In loans the sharp con-
traction ias continued. showing a dminuton of al
$4,000 and nearly - ga OQ3 IN Two weeks large
portion of the contraction has been this week on the
discount line, as the call loans mostly unavailable.
1t scarcely to be expected tls .ur mercantile conn.,
munity can stand much longer such sudden reduc-
ton Of bank loans without arse number Of failures
SeiprcserN atom nay be very good thing in bank,
bat may be carried too far and the screws turned so
Said that what is gained in safety may be oa in assets
Tao great in ibis is that the contraction in
loans which should have bstn extended over two
months has bseo condensed in.o two weeks. The
tease 10 deposits continues, the actual loss this week
.sIg s'>NWo, tie E-lragI lie being sT,?je,oo9