New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-06-05
FRIDAY, May 4-r. NJ

though upon the whole lower. The feature of the day
was the movement in Reading, which opened al the
first Board in active demand and advanced to Az for
cash stock. The bears made special demonstration
against this fancy, operator selling some 5OO shares
at Az seller thirty bat the market stood up uoder
the hsmmering very firmly, and cash stock being
scarce Gales in the regular way made after the
adjournment at A.. NewYork Central was not sctive,
but had declining tendency, and at the close OF the
cal, wes offered freely at 8il Erie opened with
toerabe seadness o. 49,, but bee anne little heavy
OF the quotation at the close, and was finally sold q,
49, The report for the Fix months business ending
April is upon the whole less unfsvorsbe than might
be considered on superficial examination. The Fix
months included within the statement embrace two OF
the Autumn months following the panic, when every
description Of business suffered under complete pros
traon and four months also of the duest part of the
year. Under such circumstances the road has not done
badly to earn within about 100000 OF interest
and expenses in the period named. lt is
matter of great doubt ii any of the important lines Of
lvad in country, having largo dAhts show
considerable amount OF net earnings III the same PERIOD
after paying expenses and interest aud the deici. OF
the Erie does not, upon comparison, appear at all
dscouraging. II is notorious that many of our most
profitable roads earn the bulk Of their net profits in
eight months of the year. and the Erie statement
braces but two Of these months, during which peculiar
causes operated to diminish business. In regard to
the financial position Of the Company the mos import
ant fac. demonstrated is the strong probability Of ex
trcston from the floating debt embarrassment-the
accounts showing material reduction in this item, and
leading 70 the belief that the measures OF the President
will be eventually successful in funding the balance
now outstanding. In brief, the repor subjected TO
fair analysis conveys the impression that this great
| deb. and cost is not yet to be classed among
the hopeless railway concerns of the country.
The transactions in Hudson River and Michigan
Southern were quite limited, but boh stocks
were heavy at quotations Toledo was daD, and
lower in concluding sales Illinois Central, under the
| improved quotations received from England, in
| better demand, selling up to S9-en advance of =
cent The dealings IL Rock Island small, and not
ssle Of Gslera was registered but bo.h stocks had
| dropping inclination. Milwaukee and Mississippi de-
ciped TO o. The busness of this rosd has been inter-
iupt.d by heavy food, which swept swsy three
bridges and will obstruct the freight trains for four
days The earnings Of the present month will on this
account show considerable dlminuton. At the
Second Bosrd there was further decline Of "a T.
cent each in New-York Central, Erie, Toledo and
Michigan Southern, but business not imp ortant in
| either stock. Reading steady al decline OF !.
Gsiena was pressed for sale on sellers options, aud
alter the Board done at s. in the regular way, but
there was 10 particular animation in the stock The
Bond movement is not important, but upon the whole
the market shows increased innness with diminished
| sales. Bsrk shares command full prices, snd are
scarce. The demand for the City Avenue Ral-
roads continues, and prices are gradually work
| ing up. Sixth Avenue sold q. ITO a. the
afternoon session, and in the morning 81 was bid
| for Second Avenue, with none offering below -.
Speculative movements no. vigorous either for the
nse fall but the bears to have control OF the
market yet, and operate with decidedly more courage
and confidence than their opponents. In point OF se
there is we-orgenized opposition to the depressing
influences brought to bear upon the market add oper
ators for the fa put out contracts for delivery with in
puniy a, time when the gut OF money would seem
10 render such movements extremely hazardous. Ia
mos, Of the prominent fancies the lines OF short stock
must be very large and while this is the the in
uence of the will preponderate in favor OF lower
price, Meantime however, the British question sp-
pesrs to De assuming more peaceful aspect, and the
stock accounts from England are more favorable 10
American securities. Taking all these matters into
confederation should anticipate more active and
probably interesting marke, within the carrent
month. The strength maniestedin the Reading move
ment this morning indicative of revyiug spirit on the
psrt Of the bulls The purchases yesterday were it is
stated, mostly for Boston The closing prices
were, for Enc, 49, al9Ii Reading, IA 9iii Mca-
gan Southern, %. 2?l Preferred, 46 di6.; Hudson
River, .s4 PSI; Rosk Island, Ha74l; New-York
Certral, 81 0si}; G4ena, s. Milwaukee sud Misc
lsspPi POI Missouri Is, 81. dSil Cumberland, 2l!;
| &C.
Inc foreign BIZ market for the steamer tomorrow is
| o~l' ahd rstes sre sgan lower. Very good CONNER
ciai signatures Sterling have been sold al 81 ds and
bank lanes al 9la9l T. cent Francs are j.l6l a
| 5.l3i.
fre'gh's are again lower. To Liverpool, GOO bis
Flour at Is to- o. d. the inside rate 10 eli up, clos
rg .. about ls. % 9s.; IS 600 bush at cd. IN bulk
and ND. in bags 200 baes Cotton a. 36d.; 90
stis. Jsrd a. 2@s. I'd 100 tics. Beef d. 3. o.; 900
] boxer Cht.se AZ 2s. ~ TOLD. koep q. 3. u; 40