New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-09
THURSDAY, Oct. 8-P. y

Nearly the whole list of stocks at the Stock Board
shows further decline to-day, and the transactions
continue to be mostly in securities, forced upon the
market by the wants Of holders. Notwithstanding,
there s a considerable amount Of absorption going on
in the better descriptions Of railroad stocks. The sup
ply is still larger and the prices continue to decline.
About $50 shares Delaware and Hudson were thrown
on the market to-day for cash. This has always oeeh
fsyorite security for investment but under these
sales the market fell from 50 to ~. Inc next
most considerable fall was in Illinois Central,
which declined to n from s. yesterday.
NewHaven and Hartford, heretofore considered
one of the best securities sold down TO 49, decline OF
5Y cent on sales of only forty shares Indeed, it is
Almost impossible to pu. even moderate quantity OF
class securities upon the market without submit
ting 10 large decline. Parties who fortunately pos
sess ready money taking advantage of this stae OF
Affairs 10 make investments which will yield large re-
turns The decline in railroad and coal shares general
In ranged from to p cent. Nothing better shows the
strprency in money and the sacrifices made to obtain
n than the prices which are submitted to on bank
stocks To-day, American Exchange stock sold Tor
GO, Metropolitan 6l, Merchants S91, Bank OF Com
veyce rs. This is a fall of 3 y cent on Bank
OF Commerce, y cent on Metropolitan, and
~ cent in American Exchange. The decline 10
Metropolitan was on the rumor that that bank heid
about half million of the liabilities OF Messrs Bowen
McNamee g. Co. We are informed oy the ofncers
of the bank that Messrs b., Men. Il 20. owe them
hut $50 OO0 which is fully secured The effect OF the
large redemptons of State currency 10 shown 10
the increasing sales Of State stocks, Withdrawn ron
the Bank department. OF n. u STATE stockS s'o'VVo
were sod exclusive of considerable private ransac-
lions The price is we'll sustained by buyers for invest
mept who aye tempted by the low price of such first
class secures The large sales Of Michigan stocks is
new feature at the Board. The quotations advanced
] cent to-day.
There being no steamer for Europe on Saturday
next there is but little doing in Exchange and rates
are heavy The late movement in Exchange was the
most encouraging feature Of the market, and afforded
much relief. The banks and bankers who came for
ward TO relieve the market deserve the thanks OF the
community. Sterling is nominaly 70 to lOl. Francs
are too irregular for quotation. :,
Freighs are rather lower; the offerings are small.
70 Liverpool: go bales Cotton a. 3l6d'; l9'oVO
bush Grain at Aid. in bulk and 81 ed. in bags 2ooo
bbls. Flour at 2s. To London: 600 bbls. Oh Cake
ss 2s 500 bags do. e. 2Os. & tuu GOO hhds. Sugar
at 25s; 800 boxes Cheese y steamer Argo az 4Js.
TO Glasgow: 800 bbs Flour by steamer at Us. 9d'
shp of 500 tuns now here to load at Philadelphia for
Hong Kong at sl2 p tun. schooner OF ooo tuns,
with Lumber to Buenos Ayres, at $l5 y M feet with
5 y cent primage.
The business of the Sub Treasury was: Receipts,
t15S 800 o. including $1,000 transferred from Bos'
Ton; payments $2S2 957 Sc including S3 600 Calfor-
mia drafts; balance, $6,4s6Ol9 10. Further amounts
win be received from Boston daily, the Secretary hav'
ing decided 10 remove portion Of the balance at Bos
Ton 10 this point The payments of California drafts
since the steamer have reached 100000.
About 1926, 600 of Government Stocks were for
wsrded to Washington to-day for redemption.
The earnings of the Chicago, st. Paul and Fond du
Lac Rsiroad Company for September were so2 o6I 10
The teegaphic report of the earnings OF the kock
Island Railroad in September is $lsl,OOO, falling OIL
cft39 900 from September 1856. The earnings OF the
Michigan Southern Railroad 10 September are reported
BY telegraph at $223, 0O0 against s257 900 in $780,
The Pine Plsins Bank is thrown out to-day, aud al
alae hour we hear the Central Bank Of Brooklyn is
dscrsdiied. Onthe other hand the Thompson Bank and
WOrthrgtOn Bank are in credit again The uncurrent
money brokers operate with much cauon, aud buy no
large amounts Of any one bank. State and Eastern
sell at about y cent; Southern and Western at 10 q
10 cent. Land Warrants are entirely unsuitable and
weurderstand l0acre warrants have been slaughtered
rs Low e. Csc. y acre.
The $500 900 State loan, the bids for which are TO
be opened to-day, was not taken as might have been
expected, when the Is of 1924, which were taken
al about ilS, are selling at 81.
There are now 3s3 600 bushels grain going on board
ship at this port for Europe.
We think the feeling in mercantile and financial
circles is more unpleasant to-day than at any time
since the crisis commenced. The suspension Of Messrs
Bowen. MoNamee & Co., and w. G. Lane 4 Co.
wealthy ard leading houses representative houses
sf the Northern and Southern trade aud each shown:
large surplus had very depressing Influence, an(
Induced the question Nhat house can stand when sucS
"a thsse are force into suspension Both the above
houses anticipate paying in full all their debts thu
former il is understood showing over million surplus
and the latter about four hundred thousand dollars
The impcssbiHty Of mskiog interior collections or o
converting any of their assets into money has drage'
down these prominent houses with property totwce tn
amount Of their liabilities The stree: was filed viii
Of other suspensions OF less importance, and
The multiplicity Of rumors il was d suit to aseeraiI
the truth OF any. We prefer not 10 give currency e
the names. 1t is evident that the mercantile commu
nty are looking solely and snxou.ly TO the banks f1i
Aid and that the tone OF the public mird is approach
;sr that peiat when it viii DC demaaded iustesd Of
ssked.
A delegation Of bank officers from Albsny and Troy
.Yiysd here last night TO consult With banks in re-
.,a 20 extending sid 20 the Interior bxsks to enable
ar % lizard facilities cr sending the produce Of tie
esu,.yy 10 ua,ke, IL the delegation we're Nc. 0so,.
.HfAe Tvpsry and Nssaaaies Bsns, NJ, King Os;hs