New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-06-07
SArrRn.Y. June -

TIE stock market is sill on the descending grade,
and without the slightest symptom Of recovery today,
even the Reading movement losing portion OF the
strength noticed yesterday. The apathy on the per;
Of outsiders s complete, ard a. prices from to D y
cent lower than figures current fortnight slncs, the
fancies appear to have no attraction. Ner have the
low quotations yet, suggested any Of those specua
tive binaons among the enerpnsng spirits OF the
street, which IN times Of cheap money are quite com
mon. Without the counteracDg effects OF OUTSIDE
demand the support Of operators hitherto interested
in the the Of the market cannot be other
wise than downward although very moderate in
cIesse Of orders may a. any time turn the tide. AZ
the pretent rste Of progress, il will not take long for
some of the prominent fsnces TO reach panic figures
Toledo even now is within = cent Of prices ruling IN
the early part Of November, and Erie, which
after the Second Board was quoted at IL /
stood al the same quotations in November, before
dollar Of the foatirg debt had been paid off, and when
extinction Of the stock by foreclosure Of the chs.te
mortgage seemed almost inevitable. The decline 10
Stocks since February, during which month the fever
Of speculation seemed to reach its hight, has been eI
tIemey severe while the petition OF the Money market
has in fact grown more and favorable ID specu-
lstive operations, and the whole country has been
gradually recovering from the prostra.Dg effects OF
the great panic. There facs demonstrate satisac.o
rly as We then asserted, that the rapid advance IN
Stocks during the months of January and February
not based upon consideration of intrinsic VALUES,
but had i.s foundation ard received It's Dourishmen.
from the natural disposition of people to rush headong
into speculation after period Of inactivity and de-
preston, when the condition Of the Money market
favors such movements. Upon the same grounds
many look alsO for early return Of activity AMI
element in the Stock market, though neither 90
intense nOr violent as in the previous inst ance
although this turn does not seem very near at
hand. The largest transactions Of the morning
Board were in New-York Central and Readng-both
stocks showing weakness in concluding ssles. The
demonstrations against Toledo, Southern Preferred and
Erie were quite formidable and successful each stock
closing heavy. In the afternoon nearly everything
gave way, and the market looked particularly sick.
Erie, Southern, Galena and Rock Island were down
from to e cent and there but little disposition
10 buy even at the reduced quotations Delaware aud
Hudson gold at log, decline Of e. cent from
Fridays price, Tns is no doubt attributable TO
the email dividend of 81 T. cent Just declared
Pacific Mail Steamship Company stock was an e1cep.
ton to the general decline, selling at 73-an advance
Of / T. cent or opening quotations Of the morning
The City Railroads also exception to the do W.
ward tendency Of the market and were in fair demand
at higher prices. For Eighth avenue, l25 YVES bid;
for Sixth avenue, Illl and sales of Second avenue
were made after the Board at 81. Tne business Of
April and May On this road indicates net profit Of
500 900 for the year. which will enable the road 10
declare or 10 y cent dividend and retain large
surplus. The business in State stocks, though not
large, was at satisfactory price, Mssouris show a
decline of for the day but were quite steady at quota
TORS. Tennessees and Virginas are well sustained
In Railway Bonds the dealings foot up an unmport ant
aggregate, but thoro marked change in prices
except for La Crosse Land Grants, which declined TO
81 Z, and were pressed more freely into market There
wac less than the usual amount of business after the
adjomnmen 1t Of the Board and the market closed With
heavy largud feeling throu shout. Tue latest prices
given in the street We're for New.fdk Central S3s !,
Erie II 1, Reading i3 I, Michigan Southern u, !,
Preferred l3a, Hudson River %, Rock Island 49, Mil
waukte and Mississippi %, Cumberland ~ a 20, To-
ledo 3is a /, Pacific Mail -, Delaware and Hudson
1867 a lO6 Panama 1917 a J, Missouri &c 81, &c.
The bill market is quite nactve, and the general
mpre sson is that will decline still further The
demand is limited and mary large importers have
mitted in advance for full payments.
Freights continue dull and heavy. The engagements
to Liverpool have been $500 bbls. Flour a. Is. Cd a
Is 3D. 80 900 bush. Grain at Cd. in bulk and cd. 10
ships bags; so bales Cotton at 532d. 3-l61.; 100
tcs Beef at 3d. 3D. 300 bbls. Rosn at b.. 900 bbls.
Spirits at Cd To Glasgow leo bbs. Flour ct y. To
Bremen 300 bales Cotton at &c.; 100 tcs. Rice at 2Os.
The charter .wss made of brig $50 tuns to Wind
ward Islands private terms.
Tie business Of the Sub-Treasury was: Receipts,
$24s,729 sS-$jl, goo from Customs Payments, 500,
7l9 80; Balance, -, 2633iS 81, against s6,39S 562
81 o. Of rriii;n If
which 500 600 has been sent out of the city.
We annex a comparative statement of the Foreign
Imports at New-York for the week and since Jan. Il
Fo- the Week 1856. 1857. 1858.
Gt s Mticisadi:t " asss5 s5ls i7sss
Total for the Week 4o22, as s3diae5s s2ssss sss
Total for five u.orths... Sss72s44 l"60SlsO 4ssslsl
Since Jsnusry l...sg8,895ns sio4a6s,l5e s52asc,eO
We annex a comparative statement of the Exports
exclusive of specie from NewYork to foreign ports for
the week and since Jan. /
Toto. ,,,.w.., Sc $50 .1 s5zi. LES 3,
Previously Reported N,lesssl ai62,sl5 224l6,l7s
Since JAN s@,nSS0 s97o2.5sg sa6W,s5i
Tie exports of specie from this port for the week
ending this day. and for the year 1853 were as follows:
Bark Orion, Buenos Ayres American GO!d....... 81 SIS
Big 7; b Watson Latasyra Aps1san God........ l?co
Pr;s Csnsns s, IoI1. p G..''.. 400
Bris Cspels ST. Johns Doubloous ........... Is SO
Steamer City OF Washington Liverpool Gold Bars. 10000
Total for the week. f5lts5
Previously reported. Sill '65 Tsj
Total l6S.''..'''' lsINO
Dung the second week Of June lsst year the chip
nebts were s. 400 0OO.
The following table will compare the exports of the
even principal staple articles for the week and year:
1857. 1855.
Wetk ends May p. Amount. Value. Amount Value.
Cotton bales .......... 24S2 Sll6sS LNl S.0Glj
Flour. bhs............. 77Ss 51S5 9co3 li6 10
Corn Meal, bb.s........ lisJ Las LID oty3
Wheat bush...........2S99 7 iI7t4 MAR 1889
Com, bush ............ sSl S50 4,fo 1852