New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-13

I'D ;n,n,l.ep Of tie Stock market have been
q. a uace more rapid than circumstances sppeT
% warrant, ascelera ed az they have been by re"
k,5irg spirits a. the Sock Exchange. TIE Margin
sr advance s doubtless vide bu. the bresch between
,1r.ms points Of depression ard prices ruling before
the Graz ard downfall took place, cannot be closed 10
brief space of time. Nor are free from trouoe
tina. We can throw of caution aud restraint and iscnc
fesressy out upon the sea Of speculation. we are 70
suffer from the effects OF spsupmtgsted pressure; Oh
q whirlvind which has swept away fortunes ana
credits with q single blast, and it must ta.e
months to clear up the wreck, and to Get the
machinery of buiress fairly in motion again.
The effects Of widespread difaster in the ranks OF
American markets lie ye. to be other n1e
of the water and the effects also of the faiare OF
three or four Of our prominent Railway Companies IN
which foreign capital has been largely invested, hss
vet to be learned There was no doubt in England ana
France at the date Of last advces, fair understand
ing Of difficulties here but the extent and severity OF
the panic could not have been realized. Hence It's
70 be spprehended that improvement in the SNARE
market is progressing more rapidly than consi,'en'
with healthy restoration, and that an unpleasant TO-
action may follow these premature advances. iheie
was nothing, however, in operations OF the day 70
feeling Of aullness at close Of the Second o'0'u
may be called symptom Of reaction.
At the First Board the movement in New-York Cen
trsl was especially active and vigorous supported BY
the same party to whose efforts the rise is mainly 70
he attributed. One leading operator bought stock on
sellers opor, freely at H. and bid 72l b6O for ooo
,bares The closing sale after the Second Board was
$50 shares at 72l seller 10. Reading was in fair re-
ouest. selling up TO 37I. The Toledo went 10 80 aud
between Boards sold as high 36l Erie sold a. l54
but was not active, closipg at lag. small lot OF
Michigan Southern old) sold at III and the Preferred
touched 37I. Gaena advanced TO y and Rock Island
10 7ls. Cleveland ard Pittsburgh, which has been
very quiet of late aao caught the infection of the up
wGd movement and went up TO l3l Michigan Gen.
trail sold up to S.. Cumberland Coal, L. Crosse and
Milwaukee and Mississippi, were also higher. Trans
actions were in fact literally distributed through the
lst-not extensive in any single stock bu. all moving
in ore direction, aud with no opposition worthy Of
botice.
Bond sales were not large. Prices were fair, but
without material change.
At the Second Board prices were higher In some In
stances but at the close exhibited Ices strength, end
most of the leading stocks offered freely at last
quotations. New.York Central shows an advance OF
II p cent during the day. closing a. 72l; Toledo II;
Reading IL; Erie !; Michigan Southern J.; Preferred
do. IL; Illinois Central II; Cleveland and Pittsburgh
IA: Galena 3; Rock Island 3; La Crosse Milwaukee
and Mississippi 2; Cumberland Il; Panama 4.
After the Second Board there was more disposition
to SELL and stocks were offered at slight concession,
but upon the WHOLE the characteristic of the market
was dulness rather than depression.
In Exchange there is rottirg of importance doing,
ar rates ere unchanged. Sterling ranges from lO7 to
1854 for good and leading signatures, with document
bills as low as 1Oo@l05. Francs, 30a5.15. The
supply Of bills is considerable.
Freights continue dull, with email offerings. To
Liverpool the engagements are 49, 900 bush Grain at
3D., Cotton at 5.32d d316d. To London-5OO boxes
Cheese at 35s. To Glasgow-25O bbs. of Oil at 35s
20 coo BUSH Grain at 1Od 500 bbls Flour at 2s 4id
A bark for Cork and market with Moasses at DC. =
gallon Danish brig for direct port in the English
Channel with Grain at 12d.
TIE business Of the Sub Treasury was: Receipts,
slS,S 06-$l3 600 from custOms payments, 49,
456 O4-$5OOO California drafts balance, $5,263,-
i4S "a.
Ezra Ludlow, IT., g. Co. wlhod sale OF securities
n. the Merchants Exchange tomorrow Friday, ct -
O'Clock.
Albert II. Ncoay viii hold special sale Of stocks
and bonds Tomorrow friday, at 12l O'Clock, at the
Merchants Exchange. The catalogue Includes $50 OOo
United States per cent bonds which were adjourned
from te days sale.
TIE earnings of the Pittsburgh, Fort Wayne aad
Chicago Railroad Company for the month Of October