New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-09-01
SECOND BOARD.
MONDAY, Aug. ST.. VI.

The Stock market has been irregular to-day but
rather active The transactions are still mainly for
cash but the bears again putting out few options
while the buyers options few. STILL the operators
for the fall appear disposed to be content with the
present state of the market and fear further fall
will prevent thei- stocks going out Generally prices
were better at tie morning Board but at the Second
Board the market, excepting for New-Iork Central,
was not sustained. Under the apprehensons which
were felt that the loan in aid Of the Erie might
fail that stock fell off TO 81 and Just at the
| close some 1900 shares were thrown on
the street and tie price declined 10 20 200 Central
was very strong cash stock being quite scarce, and
advanced to 49,, an improvement Of j. = cent. 1t
sold at e cent difference for fifteen days. sale of
1900 shares, sellers option, made sixty days since,
comes due tomorrow. Reading opened at 60l aud
! closed at about 50. In other stocks generally the
changes were not important. Illinois Central Bonds
fell off to 81 and Erie Convertbles sold at 50. Bank
Stocks feel the depression of the market and ink of
Commerce, American Exchange Bank and Metropoli-
tan sold at par. State Stocks continue heavy and are
| pressed on the market
In Exchange the business Is moderate, as remit
tiers have but little money TO invest in bills Rates
are unsettled, and while leading drawers ask o., the
selling rates 8. az y cent. Francs range from
522l to 5.17i.
To Liverpool the Freight engagements are 5000
bushels Grain, at Id in bags Sea Island Cotton at
ID; 1000 bbs. Rosin, Cd. To London, Oil Cake, in
bags, at l5s.
The business of the Sub-Treasury was: Receiots,
s295,96 10 Payments, $iOS,0j2 %; Balance, $l2,-
3l6,40l %.
Aswe indicated early in the week the contraction
OF the banks has been very sharp one, and the az
gIegae shown by the figures of the statement to be
even larger than was anticipated, exceeding three
millions and half This result was foreshadowed by
TIE strngency of the market and in the increased
supply OF paper in the Street and under such reduc-
ton OF loans it isony surprising that the strinyency
was tot more seveIe. TIE contraction has no reached
five millions SD half in three weeks. The call
loars these Institutions must now be very low. and
the reduction is in the discount line. Tie de-
Post line shows also very large decrease-oyer
four ard haH millions the undrawn amour,
being e59ll 600 &c airst $6i 2i2 900. This is the
lowest point they h&se touched for many months
The interior balances hsAve been drawn down veryow
aid the drain has bess.N much increased by the
disturbances of the irsta exchanges caused By the
failures Of the past week The specie reserve shows
better position than was ereraly anticipated. It
was generally believed the average would fall below
bine millions. The receipts fem the interior have
been considerable, and materially assisted the average
Tie contraction of loan. is still going on aud the
actual line is stil lower than indicated by the state
mebt. The arrival Of the Illinois viii materially
strengthen the specie reserve Of the Banks, while
there at present prospect Of any important ship
mcrt this week.
Tie con parisen with last week is as follows:
Loans 4 Dir. Specie Circulation. Dere,t,
Ausu,t r.. ~ I39 sS2 lOtTl7G s69f OIL sSgS4p-6
Aus =; o. sic $50 99 &s.4l3o Sto7l,ss &ASl2e6
-
psutus saS%,ss $e%s1 sa,s.j s."n,isp