New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-12-02
THURSDAY. December Up. NJ.

THURSDAY, December l-P. NJ.
There was a fair degree Of activity in the Stock
market to-day but with some iTegularity the tend
ency was downward. The rapid decline in Pacific
Mail has given decided check TO the speculative
movement of the street and there is disposition
shown TODAY TO put out short stock than for week
past The increased activity in money and the higher
rates of interest established have doubt had some
effect in producing the change which has taken place
in the speculative feeling There has been at no time
any important aid TO the street from outsiders, except
in Panama and Pacific Railroad, and this appears to be
now almost entirely Withdrawn. Pacific Mail opened
at IS, and with free supplies of stock, was well sus-
tanned during the morning session. AT the Second
Board, however, il broke down TO 76, after which
new demand for stock carried the price TO ~ at which
Il eosed bid. The Board of Directors was in session
to-day but cannot learn that any important action
was had. The negotiation, on the basis of purchase
by Com. Vanderbilt of the Pacific Company's boats,
is understood be at end, but the expectation Is
still entertained that some new scheme will be IN
vented, and that when certain operators have
covered their shorts and long enough, some
arrangement will be adopted by which the
present ruinous competition will cease. Great
confidence is expressed in welnformed quarters thas
the present state OF things will exist much longer
The shorts were the principal buyers to-day. Panama
was very firm under the breaking up of the negotia-
tons, and went 10 1884. Central was heavy during
the day and cold down to 81 aterward recovering TO
81 bid The November business we hear from Albany,
viii probably foot up $675 O00 and v cent dividend
in February is freely talked of in the street lead
ing operator offered 81 for il. The Western shares
generally were weak, and Galena sold below 70.
director publishes card in an evening paper, stating
that the Company has on deposit in this city, ap-
pleabe to the February interest and dividend $685.
600. Rock Island fairly sustained, and Illinois
Central was quite strong under the unfavorable
adyees from the other sde Further sales of Norwich
were made at A. and Stonington advanced to SO. The
latter Improvement takes place upon the increased
business TO grow out of the connection between
this road and the New-London and New-Haven. The
lease of the Extension Road by the Stonngton has
been confirmed by the stockholders. AT the Second
Board, the business was moderate, and quotations
without important change. The market closed dull,
but firm.
In foreign bills, the market Is not active and rates
are as before quoted. Sterling, 1901 al09I. The
cepts from the South are not large, and cost high
Freiehts TO Liverpool: 900 bales Cotton at 7.32id.
SEQ boxes Cheese, steamer at 5Os. 900 tes. Beef
racket at 3 Cd 80 bbls Lard at pa. 3D.. so boxes
Bacon at 2s 3D. s. 500 bbls. Flour at q. Sd. To Lon
don: 200 bbs Pork 200 tcs Beef private terms To
Galway: II 900 bush. Wheat, private terms. brig
10 Cette and two barks to Narcotics private terms
vessel from Charleston 10 Liverpool Trieste with
Cotton. at o-l6d vessel from Charleston to Liver
pool with Spirits, at ss.i Rosn at 81, and Cotton at
7-l6d A vessel of lij tuns, from Southern port, 10
Spanish Main and back TO NewYork, for 81 $50 and
port charges. vessel of 200 bbls, TO Windward
at 7oc Dbl.
The business of the Sub-Treasury was: Total Re-
ceipts SIS 7l9 o. for Customs, $4,000; Payments,
sIIs.s2l 81; Balance, t5,sl5,O02 As.
The saxonia to-day, for Southampton and Havre,
took 500 900 in specie. The business Of the Clearing
House was ga III 900. The Howard Insurance Com
many has declared semi-annual dividend Of l2i
cent payable 5th inst. The Manufacturer and Mer-
chants Bank commenced business yesterday at Noe
sci and 500 Broadway, Woods Minstrels building
which HIS been transformed into elegant and COM
modious banking-bouse. Ii has opened under fyor-
able auspices az regards officers and location with
capal of $500 000 The deposits yesterday amounted
10 500 900. A List Of the officers may be found in
our advertising eolumns. Arrangements have been
made BY the NewYork and New Haven, New-Hayen,
New-London and Stonngton, and the Boston and
Providence Railroad Companies, to day express
train between this city and Boston, by the shore-Lne
route commencing Monday the 18th inst, leaving
this civ Al Il: is p. M and reaching Boston at p n
The hour Of departure from Boston will be III a. N,
and passengers viii reach this city at $50 p. N. For
Boston merchants living in the suburbs OF that city,
and passengers arriving there by morning trains
from places East, this line viii prove Of vast conve-
nienee Southern and Western passengers arriving in
this city by early trains and steamboats,, viii likewise
find this arrangement a great accommodation. The
line Is an experiment, but the managers are
confident ii viii secure a Large portion
Of the travel between this City and Boston
The 600 package of counterfeit money recei sed at
Philadelphia by Drexel 81 Co. from their Nev-York
house, Read Drexel & Co, has been traced 70 New
Orleans, whence il was received by leading New
York banker, and deposited az the Metropolitan Bank
aud by them transferred TO Read Drexel & Go. The
December coupon Of the bonds Of the City OF LOUIS
VILE Issued to the Louisville and Nashville Railroad
Company Nashville branch will be paid at he Bank
Of America. The December interest on the temper
cent bonds issued BY the City Of Rockford, I'LL, 20 the
Kenosha Rockford ard Rock Island Railroad, viii be
paid at the American Exchange Bank. Mr. Mccall
mont, Of the house Of McCslmont Brothers Co. Of
Liverpool ia visit TO this country TO look after bis
= L.. D., A.. Del 81 IN