New-York daily tribune., 1856-06-04
SECOND B0ARI
TUESDAY, june 3-P. ".

The Stock market to-day has Been active and with
out important change; the tendency Of the market
was upward. At the close, however, the market was
little fat. The almost universal impression is that
money win be very abundant during June, and that
nothing unfavorable is impending over the market but
the reception in England Of the Champion dismissal
and this is too distant to enter into the calculations
of the street operators. There appears to be
| no doubt that money for stock operations will
be obtoired with great facility during this
| month, and such condition of things usually pro-
duces buOyant stock movement. In regard to Mr..
Champion, the opinion is very generally expressed,
and by none more confidently than by the English
houses that his dismissal will produce excitement
abroad and result in disturbance of the friendly
| relations between the two countries But for this
| matter there is element in the stock market but
| those which usually bring about higher prices. The
accession to the specie re.erves of the banks will be
large, while the shipments abroad are lighter
| thon last year. The banks have checked
their contraction, and country balances are again
rather accumulating. Everything points to an easy
market in the immediate future. Later in the season
| the dangerously large imports may produce new
strDgency in money, but the present features of the
Exchange market do not indicate any necessity for
Banks to 90 into further contraction. Erie is the
favorite fancy and without much fuctuation, closed
at 57l 572-he price of yesterday. The very large
receipts of May and the certainty of resumption Of
| dividend payments early next year gives it
| great strength and sustains it against the bears
| who make this stock the special object of attack
| Reading was 90; Hudson River "a, which is a little
| bett.r; Central is active and better; Pauama im-
proved to lOl; Nicaragua closed at 2l, which is the
| price of yesterdays the trustees, Messrs. Morgan u
Uovt for the bonds due the 3ls u have, we hear,
refused to conform to resolution of the Board passed
Yesterday which directed them to sell the Star
Of the West and the Northern Light to COmmo'
dore Vanderbilt for sl24, 200, the amount of the
bonds 20 secure which they were put into the
trust They take the ground that the boats must
be sold at auction, for the best price obtainable
The Directors yesterday also appointed COMMITTEE
of two for the purpose of negotiating for the rePur
ohase of the boats from Com. Vanderbilt any time
previous to December next. In Western shares the
market is without important change, with good dis
position to buy, especially on time. Operators appear
to feel great confidence in the future of these stocks
Cleveland and Toledo was the most buoyant, and
closed at az Cleveland and Pittsburgh, 6i bid; Mich
igan Southern, 97l Milwaukee and Mississippi, s3 l.
Wisconsin Lake Shore was in demand at about "A h
which is ! Z cent Improvement within day or two
There is rather more movement in Railroad Bonds
| when nave DtCD ItSltNltN iait, anu EiiSNS oiN
moving inward. Illinois Central sold at 81; Ees,
1873, 81; Terre Iaute Iand Alton, 20; NewYork Cen
tral 6s, s7l, &c. The business in Safe Stocks was
considerable at advanced prices. Mssouris, s55;
Kentuckys, lO5l Virgnias, 94l. The sales of Cali
foinas were unususlly large at SCI as6l.
The market for Exchange has not been very active
for the Boston steamer, while the supply of commercial
bills has been larger. Southern bills have come for
ward with considerable freedom, and commercial bills
drawn here have been in the market TO considerable
extent First. class Southern bank bills sold at q y
cent and the best commercial signatures at 9ia9l
cent The best bankers names could be had al 9l e
cent. Francs are duller but without chaage-5lsl q
516l.
Freights are frmer, with active business. En-
eaeements include 7s 900 bush. Grain to Liverpool,
commencing at I'D and leaving of ct i'd, in ship
bags; 5000 bbls Flour, IS g 3s., closing firm at the
latter rate 800 400 ties. Beef ls 1000 bales Cotton,
3l6d i5 boxes Bacon, 22s. I'd. 25s. To London,
1900 bbls Flour, IS. 3D.. a ss. Cd. and some heavy
Goods 95s. a SOS.
The payments from the Sub-Treasury were large to-
day: Paid, s6O5l 40 81; Received 500 sos 20; Bal
ance So 961 50; Paid for Assay Oicc, s22 I9 lsi
Paid on Disbursipg Che ks, s35, ,s2l %.
Included in the payments about s50j,oO) oi
drafts on account Of the Texan Debt payment L. al
dtiou TO these payments we know OF 100000 more
OF warrants, which have been received and deposited
in bapk without the gold being drawn from the Teas
ury The amount of drafts this accoant advised i
about million. The Government is only paying the
T. cent bonds and the Treasury notes az present.
The 10 p cents viii be paid in the course Of short
;ime
The sales Of land by the Illinois Central Railroad
Company in May amounted to s29s, ,3do at an average
| of about SIS 90 p acre. The average Of the sales
in May last year was sig O2 y acre.
The receipts Of the Hudson River Railroad FOR May
| were:
| May, 1895 ssS.....,....................StS StS,ti9
| MAY, 1880 4'''fA' ~