New-York daily tribune., 1858-03-03
ans Ar AUCTION.
TUESDAY, March 2CP. n.

sctions al the morning Botd, nut there WIS
very natural reaction after the intense e1citrnet
and rapid advance Of yesterday. The improve
melt of Saturday and Monday brougb: N consider
able amounts OF stocks iVr the realization OF p'ohts
and the few operators interested for the ial asi7ted
the downward turn q. far as possible. The make
showed c1ea, general strength uudet hecrcum-tances
although somewhat irregular, and took the 'sree
| amount Of stocks thrown upon it with less de-
cline than could have been anticipated. 1t seemed
| TO be generally conceded that the wave Of spec
uation wac only stayed, aud that after brief
check il would advance with fresh vgor and carry the
whole market with it 10 higher prices than have yet
been touched So long the present accumulation Of
money continues in Wall street and the present gam
bling spirit is paramount, will be difficult to establish
any serious decline in stock values. The public see
the seady advance OF the market after each bret re-
action they hsar of large fortunes made in month or
two of successful operations and they come IN to
secure portion Of the golden harvest before the hed
| 10 CLEANED j. IS unquestiOnabe that the outside IN
fuence in the street is greater than at any time
for years and almost exclusively e1ered IN iavor OF the
rse Orders from quarters make their appearance
every day in many cases from retired capitalists who
have been for hong time out ofthe arena oispecuaton.
A. we have before noticed outside operators are al
mos, invariably bulls and the experience Of last year
previous to the commencement Of the present rise was
shsrp lesson to them. This lesson however, appears
to have been forgotten and the mutations OF the asiew
months have proved strong enough temptation to WIN
them back again 10 look for their money where they
lost it, One remarkable feature Of the present stock
movement is that the prominent and successful actors
in were also the most successful bears during last
Summer. After realizing large profits by selling
g. ort they, with great sagacity, turned at the
critical moment, about the time Of the suspension
of the Banks, and have more than doubled those
profits by being largely long Central opened at ~,
bat fell of to 93 and ia the street to still lower pices.
Ere declined 10 3ij at the morning Board, and after
ward to 33l Hudson River opened at IS from 36 yes
terday, but improved TO 81 again. Illinois Central
declined I; Michigan Central, /; Toledo, 4; llarem
/; Panama, J: Michigan Southern, i Preferred
Southern, /, &c. Rock Island was very firm
in the face of the heavy market, aud sd-
yanced / y cent, to So The party in this stock
seem determined and able TO put it to still higher
points. Cumberland was more active to-day, and
was among the strongest stocks. Between the
Boards there was no, much disposition shown to
operate, and prices were something of from the morn
ing prices AT the Second Board the market was duO,
and only moderate amount of stocks Offering for SALE
The tendency was to Improvement, but it was not
marked until after the regular session, when there was
rally u the leading ancies, and new buyers came in
IN authorization OF better market tomorrow. Erie
improved to "a an advance of t. cent on the lowest
quotations closing at 81 bid. The receipts OF February
are about $50 900 ahead of February, 1871. Central
recovered to % g31 tsburg to ~, having been Ia
inthe morning Rock Island sold high as S6., closing
81 bid Galena 93l. Panama sold at 1861.
II is anticipated that 300 to 800 passengers
will be sent over this road from the steamers oi the
,h and 10th iDsts. The Moses Taylor is tu and the
ST. Louis will, understand, be put on by the Mail
COMPANY The North Star will take large additional
number. The reduction Of fare by the steamers, whch
does not affect the road has attracted large number
of passengers. The Bond business OF the day adds
nm sls 600 beside one or two large transactions not
registered The only important change III State stocks
WAS in California 7s which were active al ~ an al
vance Of y cent. These bonds have been selling
below the rates Of the 6s of other States and 10 ad-
tion have an accumulation OF fourteen months interest
upon them, accumulated while the question OF the
legality of the debt being settled. California has
ALWAYS shown every disposition to sustain her State
fuh promptly and honorsbly but has heretofore had
the misfortune to be in the hands of athless financial
managers. AT the close, the quotations were: Erie,
3i1 a 3i!; Reading t3 d63t, Central ga"3i; Rock
Island So S6l; Toledo 81 ajl Southern, 81 3!i;
Cumberland, y Q2l. Galena, 93i 93a Missouri Is,
81 os4l; Panama, iO6. 1869 Cary 49.; La Crosse
To- a l0t, &c.
The market for Foreign Exchange has been fairly
active, with large supply of bills. The rates have
been heavy especially for the best class OF sgnatures
Commercial sterling bills have been Sass y cent.
Bank aud bankcrs signatures 81 % with frstcla~.
names a, T. cent Franc. are 5.2Oajl5.
Freigbts are without change Of moment. To Liver
pool the engagements so bbls. Flour at L.. ID;
%, ,OO0 bush. Grain at ild. in bulk aud 5d in ships
bags 2j0 boxes Bacon, per steamer, Al :js.; 100
bbs oil at 20s. To London Loo tcs. Beef at T.. 3D.;
30 boxes Bacon al 2!s. I'D; 4W hales Bark and 100
eases Drug, at LIS. 6d. To Glasgow, lj0 bhls Flour
at - ID. To Rotterdam, 80 bbls. Resin al IS. 100
bbs Spirits at &c. The bark Trovaore to BueDos
Ayres, with Lumber, al slt Ship Henry Buck 10
Bucnos Ayrcs private terms Schooner of 2'o tuns
to Porto Rico and back on private terms. Three ves-
sell, two barks and big, 10 Ma,anzas aud Csrle
nas, with empty casks, at IS.
The business of the Sub-Tpasury was: Receipts,
~ 800 4g-frcm Customs, $4,000; Payments, >S,-
So o. Balance $3,l&96S d.
The shipment OF gcd by the steamer tomorrow viii
lie unupoant. The foreign drain Is over tor the pres
eut. The Metre potan certificates are now only 81
2SS OW. The business Of the Clearinghouse WA.
81 $4,000 The notes OF the Farmers and Mechan-
zee Bank, EastoD Pa, are redeemed stth Merchants
EAchsnge Bank al = cent discount. The !ransac-
lions III Treasury notes in the street much reduced
lie discount is al T. cent The dat. for opening the
's Tor hve millions is the 18th instant. II supposed
'ha' od Will be made for the whole amount either al
cent OF 6o-lOO y cent. The Jefferson Insupsnce
Company has declared dividend Of $3 y share,
| demand The Artisans Bank has declared dividend
| OF . cent payable sh inst. The interest on the