New-York daily tribune., 1857-10-01
WEDNESDAY, Sept 30-p. N.

Before the Board the stock market WAS moderately
firm, but the feeling at the morning session was heavy
for the leading ascies, and lower prices subu-
ted to. Nearly every description fell of nom tho
opening quotation. Cash stocks are plenty, snA
the market does not take them freely II Il is only
surprising that in the present state Of the money mar
ket, and IN the absence of any important short fn-
terest in the street. so many stocks can be sold for
cash without even large decline. The market wss
uniavoraby affected this morning by bsseess rumor
that the Illinois Central Road would not pay fs coupons
to morrow and also tha. the Reading would default.
But this ws afterwsrd recovered from whsa
il was suthortativey ascer.ained that the Illinois
Central would pay. The greatest decline Of
tn, day was in Milwaukee and Mississippi, which
fell of to l6 from 81 yesterday under suspension Of
payment of its floating debt and interest on income
bonds. At the Second Board the market was seu.
erally heavy, although the changes we<e NOT i'm
portant, but after the Board prices were firm, and
Readiog improved to -, after having been 3ii. IL
opered in the morning at 81, but declined. under .
Iumor that the coupons duo to morrow would not BE-
paid. The closing prices Of Erie were II aloi; Read
ing, 81 Central, 10, &c. Bank stocks in cases
recovered from the extreme depression OF yesterday
Commerce, especially, improved 10 v cent, boz
closed at v cent advance In State stocks the mar
ket is generally steady
The business in Exchange is moderate, and rates
remain very heavy. Sterling is quoted from 10 y
cent below par 10 T. cent above par For Southern
bark bills the best bid par and with bills lsdiag
sales have been made at that figure. At these figures
there is large profit on the importation of speois.
The specie importation point is io6l shown by the
following pro forma account Of importation of 700
,overeigps. showing usll profit on that figure:
&iOt 90 at 10"
I9ss: ET.is and ssn, cent?. LOS, e.
Total........................ 3.
n,cCo sever,sn'-i ,Sy..'''S! Swt:' t4s,4s20
Less " cent for consse........ 2nA
Profit. ea ~
A large amount of bills have been or can be bougA
at much lower figure than 1904, and in no way could
the market be more effectively relieved than by SOMA
combr, action on the part Of the Banks 10 take ~
these cheap bills and import the gold.
Froigbts are quite active. To Liverpool, 3,6oe
bbls. Flour at ls. Cd. as; lO0 600 bush. Grain It
5o5ld in bulk ard G. e7d in bags; 300 bales Cotton
at 7-3od, and 100 bales by steam at ID.
and 100 tuns Fustic at lJs. To London, 900
bbls Flour at -; 900 tuns Oil Cake at lie. I'd:
1900 bbls Crude Turpentne at "a. 3D. a 2s. I'd. To
Bremen, 900 hhds. Sugar at 20s. The Bremen ship
RhiIehardt was taken 10 load for Melbourne and sgd.
pey on private tcrms. A ship for Liverpool TO Cal
cutta on private terms. The ship Tartar was char
tered by the Government to load Coal for Shanghai
at sS.
The business Of the Sub.Treasury was: Re-
cepts, $lOs, 1873; Payments siso,3oe "a; balance,
1879, Cos 81. Among the payments to-dsy were
about $50 coo for mail service to the Pacific Steam
chip Company, and M. o. Roberts & Co. Ths
Savings Banks are sending to Washington their Gov
eminent stocks for redemption, very wisely taking sd-
vantage of the present bid Of the Secretary Of tho
Treasury, and the disbursements Of the Treasury ON
this account for the remainder Of the week, viii bn
large. The Bowery institution sends 10 dsy $780, 0oo
and the Chambers street Bank $500 O00
Mr. Russell has furnished US with the annexed stste-
mcrt Of the business Of the Asstant Treasurers Oce.
for September:
Reoetph. ..
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