New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-21
SECOND sokRo.
WEDNESDAY, May @-r. n.

To-day has been Of the gloomiest days we have
seen in Wall street for long time The weather was
suicidal but scarcely much as the Stock market.
The most marked decline in Erie Southern Mchi-
gan and Toledo. The former closed at 81 Southern
at 81, ex privilege; Toledo at 6'i. New-fcxk
Central was heavy, and fell off TO 80. Illinois
Central among the mest stocks, l39 being bud "a
the close Ohio Trust also firm and sold At psrs
the first time il has reached that price in three years
| Reading WAS very heavy. The market as q whoss
was at the close dull and most unpromising for shc
party interested rise The transactions in Souheru
Michigan 5000 shares and in Toledo 5000
shares, a very large proportion of which was cash
| stock.
In Exchange there is nothing OF importance doing
| The market is steady
| Freights are unsettled To Liverpool, the engage
mens are ~ 900 bush. Grain at Old. 300 bales Cot
ton at o. Cd. a Be- To London, IS tierces Rice af
l0s: 90 900 Slaves at 40s. To Bremen, 900 bbs.
Rosin at 2s.; $50 bales Cotton at &c. ship from
| Savannah to Valparaiso with Lumber at SIS. A ship
from st. Johns to Liverpool, with Deals at Cos; ono
from St. Johns to British Channel at 63s. ship Of
| 800 tuns was chartered from Leghom to New-York
| for about $500.
SO 2S Sc; Payments sl0i 40 %; Balance, 49, Co.,
| 76S o.
Albert II. Nicolays regular semi-weekly auction
sale of Stocks and Bonds will take place tomorrow
| Thursday, at l2I o'clock, at the Merchants Ex-
change.
The New-York BOwery Insurance Company has
declared sem-annual dividend Of 10 Y cent, pays
bic June |.
The Pittsburgh, Fort Wayne and Chicago Railroad
Company have opened at their Office No. 81 William
street IN this city, a subscription for 81 900 900 Of their
y cent Convertible Construction Bonds, secured by
q mortgage to John Ferguson and Thomas +. Walker.
on the entire line of road of i65 miles from Pittsburgh
to Chicago, of which 3S3 miles are now in operation.
The subscribers to the 81 900 900 have the option Of
doubling their purchase at any time within six months
from the filling of the first subscription. The adver
sement of this loan will be found in another column
Tbs road occupies great position, both for local and
through traffic Its earnings in its present unfinished
state have been between August last and LIST May inst.
over $3.50 000 at the average rate of IS 900
per month. The completion Of the line to Chicago
which is expected to be accomplished within twelve
months will add largely to its business, and place II
among the most important Of our roads.
At meeting OF the Board of Directors Of the New
York and Harlem Railroad Company, held to-day. the
following officers unanimously elected for the en-
suing year: President, Allen Campbell; Fice-Presi
dent, VIM. Wetmore; Treasurer, VIM. A. White
head Secretary, VIM. II. Emerson.
In another column will be found the advertisement
of the sale Of the main line of Public Works Of Penn
sylvania.
The business of the Clearing House today was
$2S,772CCO.
The sales Of lands of the Illinois Central Railroad
for the third week Of May was S,422 acres, foe
slO2,6OO.
The steamer to-day, from Boston, took 81 oo6, 900
in gold.
The money market is very abundantly supplied 90
call at y cent. Paper is in good demand at 7ss =
cent for first class.
The subscription to the guaranteed stock Of tho
Michigan Southern Road reaches tonight g. GOO 900.
Thi- arrangement to relieve the Southern Road from
its embarrassment has been ofthe most successful
railroad negotiations of the year and the credit OF as
inception is mainly due to the President, Mr. Edwin Z.
IAtchfeld.