New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-08-14
SECOND BOARD,
THURSDAY, Aug. 1872. "

THURSDAY, Aug l3-P.h D..
The Stock market was moderately active to-day,
bDt the tendency is still downward, and lower points
were touched. The largest fall was in Southern Mich
gan which was i6! at the close yesterday and left off
to-day at Al. The bears have been supplied within
day or two with cash stock, which enabled them
to make deliveries, portion Of which was taken back
by the sellers sellers options. The report OF tue
Committee appointed to obtain from the Company in
formation in regard to the amount of stock issued be-
yond ten millions will probably be made to the Board
to morrow The information required has been FIR
Ished by the Company, and the communication
containing il we print below. 1t appears that Of
common stock the amount issued beyond 81, oO0OOO
is about s3,C00,0G0 which has been used as collateral
for loans required by the Company. The amount
guaranteed stock beyond three millions is about
sI7 .OCO which was refulting balance of subscrp"
tions in making the original issue. The Company
proposed to purchase this amount of sock, so "a to
make the exact issue three millions. The legal right
of the Southern Company to issue its stock in this
way as collateral, has unt erstapd, been air mcG
bv fch legal artbority-Mr. Datiel EIord-whose
opinion was taken by the United States Trust
Company wher that institution wes applied
to To issue Lew registciod certificates for
some of it, 1t is well known that 1t has
been the custom the street for railroads to use IN
su. stock or bonds collateral in negotiation for
the benefit of the Companies, and their r.ht 10 dc
| has seldom been questioned. The Enc Company
made such an issue shoi time since of 1850 shares
which ere taken in again, the Transaction did
not meet the appreciation of some of the Directors
Cleveland and Toledo continues to decline and sold at
81 closing at 81 Erie fell of to 81 d3i2. sale
Cf eco shares Central made af;er the Board at
81 !, and transactions at 81 seller thirty. La
Crosse steady at about -. Reading at TIE close
| was 70l a703-a decue @ = cent generally. After
the Board there was but little disposition to do any
| thing and prices were steady.
There is something doing n Exchange andthe market
| is finn. Sterling % asa = cent Francs jlS. Jl6i.
| Freights continue dull. The engagements are, to
Liverpool { SOC bush. Gfen at 2Id Cotton at 3s. y
BALE 500 bags Oil Cake at Is Cd. y tun, 5000 bun
dies Shocks s; 3d. 900 light Slaves at 30S. 10
| London 7GO bills Rosin, 2 steamer, at IS. To Hong
Kong 800 tuR1 heavy Goods private terms A
schooner from s.. Mary's to New-York, with lumber,
| ct IS 30 y NJ. Avesse with Sawed Lumber, from
NIlmr gton to oort in Virginia, q, So v II.
TIE business u the sub Treasury Receipts,
SO, So 30; Payments $272, 49, s. $4,000 Cali
forn.a IaNs; Balance, ST. 2l3,W' ~.
l. Tie shipment of,Gold Saturday may not be large
Gin consequence Of tie difficulty Of obtaining bars in
tine bit the Persia on Wednesday it Is thought will
take million and half. Including next Saturday,
the Shipments of the coming week viii probably reach
81, 500, Geo TO s. 100000.
The Havana steamer-5rings the unexpected news of
a money panic in Havana which involved the suspen-
sion of specie payment ly all but of the banks
After two three days, bythe aid Of friends, they
were enabled to rasumc and the excite Gien subsidized
che circular of Messrs. Fesser Il Co. says:
Since ady;ces of the I'D ult., We have expe-
rieoCed financial CRIES. One Of the minor Banks
lesiug speeIated b. youd il coon in Diff
c,usy which produced On the Sd inst. run upon
othcss that strong nough 20 stand anything bGt
slcsien panic and even the Spanish Bank required
the rs port Of G9yeJnn..nt CuIidrnce, after being
sbak eR hey 0nd ~ reascr. il sidualy returning
aud aiu>ough indyi0ua fstiure, ma yet take place.
we hope .hat we sA net lave to witness the serious
disasters Ga; would " inevitable he'd the crisis been
delsyed ihc principal Ia, Ks have obtained ready
sssisfar ce ifen their css0ihs> and re doIcIaon
loving 10 ,ho state II ro;ey matcy.. all business
in produce is ~ the mC.epi sDacuced. but none is
press, on the rossket aud sbpnart viii &c quite
important FOR some time. 50
Esriarc,s have rapidly fallen, and remain ex.
ceednsly JulI and irregular. The last tran:se:ionsin
prime bills yesterday at sd9 cent discount on
as y cen; premium on London, apd75
Gs! y cert dscoupt VI Taris.'