New-York daily tribune., 1856-07-21
SA1uRpAY, July ls-p. ".

SATURDAY, July ls-P. Ne
There was more cheerful feeling in the Stock
market 70 dsy, although the Transactions we're not
very large. The moderate shipment Of specie, and
the continued Of money, and the natural tendency
oi the market to improve after downward move
m.nt for several dsy--all combined to ntuse more
buoy sI cy into Stocks and The disposition TO buy TaS
larger than for some days past The shipment by tho
Baltic less than hall million, was considered very
favorable feature aid indeed the only depressing
element Of the Stock market remaining is the aqpre-
heution of specie drain, which VIII force the
Banks into contraction of loans, the hrst force
Of which always falls upon the parties engaged IN
stock spt culstors. Remove this appehenson and the
stock market would become at once buoyant. There
an abundance of faith the general souniness OF the
business Of the country that on the whole, twas
never more prosperous Nothing but the excessive
imports Which, It il feared will keep the balance OF
trade largely agsn-t us, while the great bulk Of the
Cotton exports have gone forward now tends to check
speculation in stocks In this state of feeling, the
small shipments Of specie to day and VI last Wednesday
were looked upon as indicating that the drain for the
con rg II opths woud be smaller than for the last four
weeks, ard not more than equ, to the receipts from
California. Erie, which opened at 62l, closed WITH q
sal. OF 500 sbares at 623 Improvement Of y cent
The buyers to. day of the right class. Reading
rod at GA but closed at 81 /. The advces from Phla
depbia are rather contradictory, but Indicate that if
.usuenson Of tunnsge should take place II Will not
b. so general ~ was predicted. The Committee OF
Shippers have disegroed aid separated without COM
itg 10 any conclusion meeting OF the Directors is
10 be- held Oh Tue -day or Wednesday, understand
to acr,e upon a DAY io- clorDg the books Central
was firm and 10 good demand at 92l Nicaragua was
lOi bid. We hear that negotiations tor the
r.storaiion of the Line are going on fayorably.
Ip Western shares there sir business at
about prev ious prices. Southern Michigan was he,yy,
and tell off TO 81 but afterwird recovered and 800
harts sold at 81 D the street The steamer Northern
IudluIa was, Vt hear, insured, fcr her iuil value.
To edo was tiruer at the close at = GHs Galena,
ll.;; Pittsburgh, co.; Lacrosse ard Milwaukee,
II &c III Railroad Bonds there was NO important
movement, excepting in Illinois Central, and quota
tioIs frmer than yesterday. Illinois Central
.ud between the BO ,rds high a. 92i Enes, 1871,
| 90; Michigan southern Sinking Fund, 81, &c Or
Illinois Central, the transactions public and private
ach.d nearly $500 oOO State Stocks, with sales OF
| eco, Geo, are steady
The Exchange market close d without much change
from II, previous steamer but rather easier. The
suppl, Of Commercial Bills fair, and BANKERS were
| nuch III Ie willing drawers. The bu'iness for the
70 rulhItr auNhul usual ol'ilu-
is 81 GlCi for Bankers, snd 9i css for Commercial
| sier atur,s. Francs 5.l7s a5.ltl.
III. FIts ht market il firm but quiet To Liverpool,
e5 eco bush Gram at Cd. in ships bags; 300 b5ls.
Pmk. 3s.; $500 bbls Flour, ss Cotton, H. 10
London 1900 bbls. Flour, 2s. Cd 1000 bbls. OIL
| Cake, 2s cd To Havre, 800 bis. Flour, 75c.;
| 5000 bush. Wheat, lie. To Glasgow, 900 bbls.
| Flour, Is Cd.
The business of the Sub-Treasury Pad,
Sos 2.9 -; Received e327 43O; Balance, g..
sos. 72O 90; Paid for Assay Office, si4,65i 81; Pad
on Di.bur,ng Checks, So, 6O3 Go; Balance Credit
all AceouDs s2 ,oO7 g., against go 1896 last
Saturday showing an increase n about 100000, of
| which s50OOO came from ChicaeT
! among the American Securities which went on, 10y
| the Baltic were Illinois Central Bonds and Sex,
New York CeLtrel and Erie Bonds, sull amount Of
Western Railroad Bonds also 1000 shares Cleveland
| Al fitisburyh Railroad Stock taken by the
f,reep par,s who q few weeks ago bought $3.50, 900
| OF the Bonds of this Company. This Company
| .morc II fret that found market IN London for
| their securities and it has always been fayorits
| there.
The Illinois Central road have already disposed of
large amount OF the short bonds 20 which referred
Yesterday. At the pnce al which they are sold and
having only eighteen months to run, they furnish
L
very pro6tab investment, paying soOut 10! per cent
PEI annum interest The iDstalments TO be paid upon
the optional stock Of the company pledged for the
demytion of these bonds, aud places them in She rank
| of fu%t class securities.
The Money market on call was generally admitted
| TO be more abundantly supplied to-day than en- any
dsy Of the week. We knew OF large balances which
! could rot be better employed being placed at p
| cent The current rste, however, is 6c7 = cent.
, Fhst-clsss paper is in demand at 7do ? cent We
caDrot learn that the offerings at Bank have increased
to any IMPORT ,nt extent, but the payment of duties
has somewhat increseed the inquiry for facilities from
importers.
The last a7iv. from Aspnwall brought very favor
sble accounts fre the exploring corps Of engineers
sent cut by the Chinqu Company although the Of
fetal report of Mr. M4nross has not yet been made.
Sufficient, however has been discovered 70 establish
the feet hat the Company have sbupdau. supplies