New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-09
SECOND RolRD.
SATURDAY, Nov. 7-P. NJ.


A large business was transacted at the Board on
Saturday, and prices for most stocks firmly main
tanned. The dealings in State securities continued
extensive, and are mosty for permanent investment.
For Missouri 6s there was especially active market,
sales at both sessions Of the Board reaching So 000
Michigan g. advanced y cent, and Ohios l. Bank
shares show decided Improvement on very limited
sales. In Railways the movements were active,
Sew-York Central, Reading, Erie and Michigan
Southern attracting most attention. New-York Gen.
trail fell off a little at the opening but closed
6rner, and Of Second Board was up again
TO CO.. and late in the afternoon bids were
made up to TO- though actual sales were reported
Reading was strong ct both Boards, the Philadelphia
ans still buying; sales at the Second Board az SO,
but we hear Of transactions aterward in the street at
Il. Michigan Southern common stock run up TO l6
in the morning, and the Preferred TO $685. and both
were in quick demand. This was the most noticeable
advance of the day, and s attributable TO the harmo
NOUS business arrangements recently made between
ihis Company and the Central as sketched in Satur-
days TRIBUNE. Michigan Central was quiet but
6rmer with very little stock in the market. Erie 10.
derveut no important auctuatoD during the day, but
&as steady 81 scout the same prices ruling on Friday.
Mr. Moran and other warm friends Of this enterprise
keep perseverney at work, and certainly deserve sue
Cess If courage and energy entte them TO it. Chicago
and Rock Island not quite strong, the rapid ad
vance attracting stock into market. The closing
price was II. Galens was steady al 50 1904. fresh
movement appears TO be foot in Canton under the
lead Of it's old friends at the Board The stock closed
h demand at l6i A sale Of $4,000 United States 6s
Of 1868 given al ll3. This is the first transaction in
them sncs the Secretary of the Treasury the
Government bid The market evnces more strength
and stesdiness than was expected by majority Of
those who make its movements and fluctuations
study; for while there has been for anticpst-
hog gradual improvement, the general impression
was that the great arrangement III our monetary
affairs would materially interfere with any decided
advance and that the aspect Of foreign affairs would
be Of character too gloomy and unsettled for the
saety Of stock operations on large scale. Thus Tar,
however it must be admitted, advices from England
have been much satisfactory than were predicted,
and, reasoning upon the effects of our panic thus
lar upon the steady nerves and tenacious courage
Of our transatlantic friends, it certainly justi-
Zee the conclusion that our troubles will not
create the confusion and alarm in that quar-
Ter which our fears suggested. The arrival Of
The Arabia which carried out the Of the failure
Of the Illinois Central, Erie and Michigan Central
Railways and which win bring back intelligence OF
its effect is awaited with anxiety. In these con.
Germs foreign capital has been very largely invested
md 1t will be matter of considerable surprise if the
crash does not produce great deal of alsrmtending
as least to check ORDERS and acting adversely upon
public confidence in American securities.
The following table shows the advance on leading
tha al adj.