New-York daily tribune., 1857-04-27
SECOND BOARD
SATURDAY. April 25-P. ".

The Stock market to-day has been irregular but
quite excited with large transactions in Erle Michl-
gan Southern, Reading and Toledo At the afternoon
Board the market took quite strong upward turn
more especially exhibited in the stocks above named
The shorts rushed in to buy, and Erie sold as high as
A. after falling off to Al in the morning. The trans
actions exceeded 5000 shares large purchases having
been made in preparation for the opening Of the books
on Monday. After selling at h, the demand fell
off and after the Board the stock sold at
42s an Improvement of y cent on the Second
Board sales yesterday The Reading movement
has dragged for few days, but the market was more
animated at the Second Board, and 81 was paid for
several hundred shares The recent advance in this
stock has been mainly occasioned by taking up con-
tract stock due, and keeping of the mar
ket. The Toledo books were opened to-day, and
stock for delivery quite scarce. The number of
transfers was large considerable amount of stock was
lent without crest TO enable the shorts to deliver AT
the Second Board the market touched Co., an advance
Sf2 y cent. There was afterward reaction, and the
closing quotation 65. d66. Southern also partic
pated in the upward movement and sold ut 63l 63s
an improvement Of per cent. At the close 62i was
bid. La Crosse strong and advanced to ~ un-
der advices of the large business doing. Galena was
heavy, and appears to have gone out of favor after
being the leading Railroad Stock on the list for some
time. Pittsburgh was better selling at jli. Mil
waukee and Mississippi was unusually active, and fell
off To 20. Illinois Central continues strong but is not
active. Advices from the Land Office are that the
notes falling due paid with great promptness
In Railroad Bonds and State Stocks the transactions
were rather moderate, and prices were without i'm
porant change. The advance to-day, it viii be seen
emboldened the operators for fall TO put out new
contracts their optionsnOt extensively, but to
larger extent than for some days past. 1t would not
be unnatural that after such rise the market should
be lower again and whether the turn to-day is to be
permanent depends upon several contingencies. What
ever, however may be the result the bears will not
probably have sufficient nerve to sell they have
been selling for the last ninety days and the market
will gradually acquire stcadineSs again. Undoubtedly
of the stocks the list have touched the lowest
point.
The market is quiet but firm for Exchange. The
demand is less active than anticipated, but draw
ers steady at the asking rates. Sterling 9a9,. Francs
5.22l G5.ls2.
Freights are again lower. The engagements to Liv-
erpool small lots of Flour at Cd, Grain at d., Cotton
at ID. 200 boxes Bacon at lOs 300 tcs. Beef pri
vate terms dby steamship Washington 1000 bush.
Peas at "a. in bags, 100 boxes Bacon at l5s. 400
boxes Cheese at 25s. 100 hhds Hams at l2s. Cd. To
London. 200 tuns Provisions at l2s. Cd. To Bremen
1000 bbls. Rosn at 2s. Cd. bark from Savannah to
81. Jago de Cuba and back to New-York at Soc for
Sugar. port charges paid. vessel to Jamaca and
hack with Wood at So so, port charges paid. yes
sel from Jacksonville to south side of Cuba with Lum-
ber at $40 So Bremen ship from Baltimore to Rot
terdam with Tobacco at 2os.
The business at the Sub-Treasury yesterday was;
Receipts, $l49,966 II; Payments, sl75,sSs oS; Bal
.nce 81, ,563, COS l6 against sl5oss,s3s last Satar
dsy-showing a falling of of s75,7S during the
week. of which 900 went to Philadelphia.
Albert H. Ncolsy's regular semi'weekly auction
sale Of Stocks and Bonds will take place on Monday
next, the 9th inst, at l2i o'clock, al the Merchants
Exchange.
The Mechanics and Traders Bank has declared
kna dividend Of v cent on the old stock, payable on
abe Is. Of May.