New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-03-25
oND BOARD,
TUESDAY. March PIP. n.

TUESDAY, March 2i-P. N.
There wss a fair amour: of business doing at the
morning Board, and the feeling generally better,
but no, well sustained at the close. After the
Board prices were heavy. Erie opened at 53t,
touched $50, but sold between the Boards at %
again. Abear sale was made at 5Ol, seller II months
Central war heavy, selling at SO at the opening and at
SO. buyer .ixty, OF the cl,se. Panama was hesvy
and more than usually active, going to 93l-s decline
of q cent The reaction 10 Illinois Central con-
trued, and the market recovered to 1871 The bears
were rather disposed to eel ths stock. Rights sold
at 1876. Western shares were without important
change, but heavy generally. L. Crosse was an ex-
ception and improved to III. For the privilege stock
% was bid and 24 asked. Toledo sold at the close at
722, seller sixty, TO the extent of 900 shares. The
bears appear to be very persistent in this stock as
well as in Erie. Southern Michigan was 72i;
Milwaukee and Mississippi 1ii Pittsburgh
a. Rock Island 1861, &c. Nicaragua was
in fair demand and sold at 81. The business
in Railroad bonds was moderate at steady prices
Sales Of $4,000 Missouri 6s made at
s4I. which is rather easier Virginias were 9is We
Learn from commission brokers that there is great
lack of outside orders the attention OF speculative
operators outside being apparently directed in some
other channel than Stocks and that the majority OF the
orders received are rather TO cell than to buy The
,hort interest must be very large in Railroad shares
pripcipay Erie and Toledo, and the shorts appear
confident of further decline although at this perod
of the year there is usually movement for rise.
At the Second Board the market was not active and
rather irregular Illinois Central continued to ad-
vance, and closed at 1929. Panama was also better
and sold at a. After the Second Board the market
was without spirit and left off at lower figures. Ene
52;; Reading, ISL; Central, SS3; Toledo, ~ a'2f;
Southern was rather frmer at ~, &C. There was
considerable inquiry for La Crosse and ~, buyer ~,
was bid for the old stock, and q for the privilege
stock, IS paid. This privilege stock is attached to
the Land Grant Bonds Of the La Crosse az the Rights
Of the Illinois Central Road to the Freeland Bonds
Of that road Esch bond of 81 GOO carries 10 shares
of privilege stock upon which IS has been called, and
upon which the Company stipuates no further INSTALL
ments sha be called until the road is comp eted and
all the land rod and pot till then unless some unfore
seen e1igency requires it, The present issue OF bonds,
So 500 600, which s all the Company can ssue during
this year. has been taken at 80 by the stockholders,
and still more could have been sold if the Company
had been disposed to award them to outsiders. This
sale. however, furnishes all the money needed this
year. They are y cent Mortgage Bonds, being
first lien upon the land-sbout million Of acres
rpon all the road and assets of the Com
pspy upon which there lie no previous lien.
These bonds are to be absorbed by the proceeds Of the
sales of lands lust as the Illinois Central Construction
bonds are to be absorbed, which are nov selling at
lOl4 The bonds have not yet been introduced at the
Stock Board. but few shares Of the privilege stock
detached have been sold at so. The road is under
contract to Mr. Chamberlain to La Crosse the Mis-
bsa heep al and Tho
funds provided to complete it rapidly possible.
In September, 1858, Milwaukee and the Mississippi
River will be connected by this road. The route be-
tween Portage City and St. Crox, the north western
terminus, opposite ST. Paul. lis being surveyed on
two or three lines, and the land is stated to be of
the most fertile in Wisconsin, much Of it admirably
,darted for wheat and much of it covered With vau-
able pine timber.
The business in Exchange has been to fair extent
for this packet and the market closes steady at Ia
81 for sterling; the latter asked by the leading draw.
era. The bulk Of the business has been done at 81
81. ard but little above the higher rate Francs and
other continental bills are heavy France are 523i
a52li.
Rates of freight are rather irmer but not active
To Live1poo zoo bbs Flour at Is. 3D.; % 200 BUSH
Grain al sd. aid, including 1000 bush. Com in
baos At ID GOO bales Cotton at SOD. 500 tcs Lard
at 2Oe.; so tuns Bacon at 2Os.; 300 bbls. Beef at
3s 3D.; so tuns Logwood at S2s. cd. To London: 300
bbs. Flour at L. 3d.; 5000 bush. Grain 10 bags at
7c. 10 600 bush in bulk at 3D.. 300 tee. Lard at 2Os
74O bbls Oil Cake at I7s. Cd y tuD. The ship John
Quincy Adams was chartered for the River Platte at
about $l7 for Lumber T. feet
The busin.,s of the Sub Treasury was: Total re-
ceipts SIS, 25l So; Payments s2lO 30 3d. Balance
$l5,s23, O5s 43.
The demand on call for money has been rather
larger to-day, but the supply is sufficient.
The coupons on the Milwaukee City Bonds issued to
the Milwaukee and Watertown Road will be paid at
the Office of the La Crosse Railroad, No. Wall street
Messrr. Winslow, Lsnier & CO. will pay the semi.
annual interest due Let proImo on the bonds Of the
Madison and Indian spols Railroad Co.
The Africa brings $lss 600 IN Spanish Gold. We
hesr Of no Specie going to Boston y the Wednesday
boat.
At the annual meeting Of the stockholders of the
Illinois Central Railroad Company, held at Chicago on
the 18th nst the following persons were elected Di
re cton until March, 1861: p Chouteau, jr, LIE Roy
M. Wiley Franklin Haven, and to fill vacancy, j.
Newton Perkins, until March, 1888.
The Illinois Central Land sales for the third week in
Two previous weeks. 1N,@o
s ~ S
The Official receipts Of the Chicago and Rock Island
Road for Jan ,cs,