New-York daily tribune., 1857-09-26
FRIDAY, Sept. 25-P. N.

FRIDAY, Sept. 25-P.M.
We should probably have had rather a better feel
ing in the Stock Market this morning, but for the ad
vices Of the elimination Of the financial troubles in
Pbiladelphs in the suspension OF some of the leading
banks there and upon the others. The suspension
othe Bank of Pennsylvania known early and that
information had serious influence upon Stock trans
actions at the Board. Stocks were pressed in large
quantities upon the market for cash, and general de-
cline was submitted to. The time operations are very
few. At the Second Board the advices of further
disasters tended to repress the resction which might
naturally have been expected. The changes from
yesterday are, Erie declined y cent Reading, un-
der orders TO sell from Philadelphia, y cent n. Y.
Central, 81 T. cent Galepa, 3 p cent Rock Island,
which advanced yesterday y cent, fell of day 81
y cent Michigan Central declined y cent? Toledo,
T. cent; Michigan Southern, l = cent; Pennsylva'
MIA Coal, y cent; Pittsburgh, v cent; Milwaukee
and Mississippi, l Y cent; La Crosse, p y cent;
Cumberland, II T. cent, &C. Illinois Central was
among the steades stocks under orders to purchase
about 800 shares for English account, received by
the last steamer. Delaware and Hudson was steady.
The changes in State stocks are less marked than in
other descriptions sold to-day. Missouri 6s sold to
siderable extent at about the previous price NYas
1858 at go; California "a 05i Louisiana Ca So vir
ginas, S4I aSiI. &c. The sales of Railroad Bonds
were TO moderate extent and priceI tend downward
in lack of pablo confidence in these securities the
coed and the bad suffer together. Erie Sd Mortgage
cold a. 50 AT this rate this road with expenditure
of $3s OOO 900 and EARRING $500 0OO selling for
$40 600, coo. After the Second Board there was but
little doing in the street. and the market although
gloomy, was without important change.
The rates of Foreign Exchange are unsettled aud
the business very small. This difficulty of negotiating
bills embarrasses the movement of produce, and may
result in the importation of gold to pay for breadstu
We are told that already parcels of gold are
the way from Liverpool for this purpose The range
of Sterling is 81 TO u cent, with but few transac
tiors at over cent. The supply Of bills is large
and to make sales bankers are in many cases obliged
to take short bills receivable in payment.
Freights are less active. To Liverpool the en-
gsgements include Flour at Is 3D.. - 900 bush Grain
at I'D. a6i. l,sOO bales Cotton at ZIG c732d.; p
boxes Manufactured Tobacco at 2s To Bremen: $40
hhds. Sugar at 27s. I'd. A schooner with Lumber
yellow pine fiom Orange River, Florida, to New
York at S.
The business of the Sub-Treasury was Receipts
Sl22SSl 10; Payments, $297 36l 10; Balance, $9,-
A7 ,iiO 90. Among the payments to-day was $780,,
600 for purchasers of stocks by the Department of the
Interior, on account of Indian trusts.
The financial storm which has been impending a.
Philadelphia for some time past broke this morning
The contraction Of the Banks there has been sharp and
very considerable, and the consequence has been the
failure of heir largest debtors. Crippled by this and
by the drain of gold from their vaults to this city,
portion of them have been unable TO sustain them
selves. The Bank Of Pennsylvania, one of the Oldest
banks IN the United States, stopped payment this
| morning, end Immediately a run WAS commenced on
TIE other Bsnks. The Gira-d suspended practically
during the morning. paying specie only for its small
notes. 5s and lOs The City, Merchants Comme--
csl and Sixpenny Savings Bank adopted the
same course. 1t is hoped that they will re-
sumo Tomorrow but this is not probable. The
Girsrd has been in trouble before, and tue Bank
of Pennsylvania has been looked upon as dangerous
by some farseeing fnsneiers for several years. The
excitement in Philadephs was of course intense but
it is hoped by the indulgence Of the large debtors the
remaining banks may sustain themselves. The
Cashier of one of them ef here tonight with 100000
Of ms,er.sl a.d As lie Pais3elPaia Bake make