New-York daily tribune., 1858-09-14

MONDAY. Sept. 1872. ".

The Stock market opened with fair degree of firm
this morning. but became gradually heavy as the
business of the session progressed and the second
call for the leading shares the quotations gave way,
lot precipitatey, but gradually, and without much
pressure of Stock upon the market. The bears were
little more demOnstrative but the concession Of the
day appeared to be more a consequence of the inert
of outsiders than result of the efforts of opera
tors for the fall. NewYork Central quite steady
in early transactions holding from 79i 80 through
the first call, but the second the Stock came out
freely, and it finally closed dull al 79f, decline
of las from Saturdays prices. Erie was in good
request and the shares rather at the small
advance first established, but following the Central in
later transactions, prices yielded fraction. Both
Stocks have been strengthened somewhat by the
suit of the Conference at Philadelphia but not enough
TO overcome the general ris inertia of the market.
The most decided decline of the day wac in Hudson
River, which, with very moderate sales, fell 10 27s,
difference Of full cent, as compared with Sa;nr-
days quotations. We know Of particular reason
for the decline, unless the suggestion of sharper CON-
petition with the steamboats, as a result of advancing
fares in connection with the New-York Central and
Erie settlement may had some adverse influence.
Reading very firm, and had good support through
the day, without material variation in prices There
was but little animation in il, however Rock Island
fell to ~ for cash stock, under large sales sellers
options by leading broker There is undoubtedly
large short interest in this stock and the bears
ing upon the omission Of the October dividend with
great confidence and upon its preudcia effect the
market value of the stock willing to put ont still
larger lines. There appears to be but little doubt that
the October dividend must be passed. Galena was
steady at S3 but had but little prominence during the
10, Oh. a., (.M l..l.
on the second call but were not offered freely. The
Southern shows a small gain in the business for the
first week in September according to the official re.
turns annexed. Michigan Central declined l. with
moderate sales. At the Second Board the market was
irregular but upon the whole lower than in the morn
ing. New-York Central and Pacific Mail were
the frmest stocks dealt in, and Hudson River was
little better, but for Erie, Toledo Michigan Central
Southern and Galena, the quotations were about y
cent lower. Illinois Central sold at 75 the accounts
per Vanderbilt that this stock was frmer in the
English market although the accounts of an improved
business had not then been received. The business in
bonds has been important for the day. For State
stocks prices a shade lower, while for railway
bonds there was dull but tolerably steady market.
The closing prices were Virginia 6s % d92I Missouri
Is 4sasi2, Canton Company l9i a20, Cumberland
79l d7es, Ere Railroad isl 49, Harlem Railroad IOi
dlOl, Hudson River Railroad 2iG27l, Reading
Railroad 4s a ~, Michigan Central Railroad 81 asa,
Michigan Southern and Northern Indiana Railroad "a
024l, Panama Railroad ll3I, Illinois Central Railroad
20, Gaena and Chicago Railroad sd Qs2i, Cleveland
and Toledo Railroad 3il la34i, Chicago and Rock
Island Railroad 7lla7l!, Illinois Central Railroad
Bonds 90 990I
B. ,itrnD ,orl. - l..
very firm. The supply of commercial and bank bills
is quite limited and rates for them nearly. as high as
for bankers signatures Very few bills are coming here
from the South. The demand is moderate from the
home remitters but there are some orders here for
Havana account. Sterling is 1904 allO, the principal
transactions being at lo9i alo9i = cent Francs are
5lSs a5l1i.
Freights are quiet but frmer. To Liverpool 100 tcs
Lard and Bacon, Lard al 12s. Cd and Bacon al I5s:
Geo bbs. Rosin at Is. Cd. To London 80 bbls.
Spirits al 5s. To Glasgow, 500 bbls Flour at 2s
The business of the Sub-Ileasury was Roceip.s.
$ll5,3T $3.50 600 from Customs; Payments. $3.50
O15 IL $2sOo0 California Drafts; Balance sl2 5e2
l9S 81.
The weekly Bank Statement is favorable in 40 far
as II shows decreased line Of liabilities. with no
change III the specie reserve. The loans are down
nearly SOc OCO partly the result Of the very consider
able amount OF receivabes maturing on the 4th inst,
and partly the result of the paying up Of loans upon
Government stock which has been withdrawn from
banks and placed with investors. The speeie Tne |
Tanes but little from the statement of sst week bn.
the banks now hold 81 soc coo more as the Calisorr,
receipts do not appcAr in the statement TIE nterior
mosenent Of specie during The week has not beer |
arge. although Boston is still largely in debt TO hi.
ci'y. Tie Philade phla and Baltimore balance q,
rade does not cause any specie current Some amount.
have been sen; South bu, ;ie aggregate is no, i'm.
ooitant The decrease in actual deposits is natural
inder the falling off of loans and this cause has lsen
'ssised, to moderate extent, by the withdrawal Of
'ank balances which viii continue as the cotton and
ther crops arr moved
The following is comparative ststemen, of tho
iuon of the Banks of the City Of New.York on ~.
III and llth Of September:
Sept 4. Sept H.
1 ''''''''''''s 'sSSote flseol52ll Dec. ss72e2o
49, ....'''''''''' -99,Se.1 q sVSs ts5 Inc. l0Ss |
is'1a,loh....''.''' t5t:ts $50 oae inc. s2s.o !
49, ..''' uSssSsIi iv.sy! - Dec. ~ |