New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-01-16

WEDNESDAY. Jan. 15-P.M.

The market for Stocks to-day has been some
what calculating, but the general tendency has
been upward Farmers and Canton were buoy
ant and sold higher, but the most buoyant of the
Fsncies was Long Island, which advanced to 1911,
and then fell back to 10. Probably the buyers
know what they are about, but this rise is per
feet astonisher to the outsiders The principal
operators are in Boston, and undoubtedly believe
that some arrangement will be made by which
the Road will be saved from a sale. But, under
the best circumstances, as the Road has never
earned more than enough to pay its running ex-
penses, repairs and interest, and generally not
enough. it is somewhat difficult to see what ar
raneement can be effected for a settlement Of the
debts and the withdrawal Of the order for sale,
which will leave the Stock worth 10. The debt
amounts to about $3.50, 900, the Road requires at
least 100000 to be expended on it to put it in
operating order, and is embarrassed with long
and costly lease to the Brooklyn and Jamaica Co.
Canton went up to e., atwhich it was in demand
Farmers was firm at Coz Erie was rather weak
and closed at the Second ard at 9Ol. Thar
price was offered after the Board, without sellers
The Securities were firm. Harlem remains with
out change of importance. There is no founda
ton for the rumors that there is an intention to
pass the dividend on this Stock. 1t will no doubt
pay Z cent, as heretofore. The earnings OF the
six months are ample for that purpose The
sales Of Reading were very large, and the market
left off lower than yesterday. Several sales G,
500 share lots, at long seller and buyers option
were made, showing & warm controversy be.
tween the Bears and Bulls. Norwich sold
at yesterdays prices. Rochester and syria
cuse sold At l25, al improvement Of = cent,
with a small supply Of Stock. Madison aud
Indianapolis advanced 2 cent, selling at lO7'
The dividend was declared yesterday, at Madi'
son, and is 3 cent for six months payable on
the 2Sth inst. Reading was rather weak, the
movement in the Pennsy yania Legislature hsy
ing some effect. For Governments there was
fair demand and the market was firm. All
State Stocks were firm. There was good
inquiry for Railway Bonds-some Ohio and
Pennsylvania sold at IS, and some Michigan
Southern at 90 and interest. This latter road
is doing large business, very far exceeding the
business Of January las. year. The work on the
extension is going on rapidly, and the coat per
mile is less than Tor any other Road at present in
course OF CONTEMPORARIES than $4,000. The
line viii be ready to Sturges at the time stipula
ted, and is being graded ten miles beyond From
Michigan City TO the Illinois line the grading il
proceeding rapidly, and twenty miles are compile
ted. The Company have organized 70 build the
extension Road from the Indiana line to Chicago
under the Railroad law OF Illinois, and will have
it completed by the time the Eastern connection
is ready
In Freghts there is not much doing, as ship
pers are waiting for the Atlantic Rates are
steady Within few days there were engage
ments to London Of 5000 bbls TurPentine, 100
scs. Beef sud 50 bbls Ashes, on private terms,
20 bales Hair, 9s Cd = bsle; 200 casks and 1000
boxes Cheese, 3Os and $50 bbls Resin, Is ID