New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-10-09
SALIS fY AUCTION
FRIDAy, Oct. S-P. N

The Stock market was decidedly q bull market to-
day. with considerable aeyity in the leading fancies
The short interest as far e. can learn has been
very grea. extent covered ana the bears to-day did not
appear disposed 10 offer their contracts with any Free
dom. The movement To- a day or two past appears
to have assumed the features OF q permanent and
vigorous rise than we have had for some time past,
although, 70 fallacious are always the indications
of Wal.street specuations, that the market
may assume an entirely different phase to-mor-
row. The bulls entertain the impression that,
if the advancing movement can be continued
for reasonable length Of time, the public
in the present plethora of idle mossy be drawn in
and relieve them of heir stocks at higher prices.
Against the present limited amount of bear resistance
and With the great ease with which stocks can be
carried it will be no difficult tss; perhaps TO sustain
prices; but whether the often burned publiccan be n
duced again TO approach the fame is problem which
time only can solve. The abundance of money is GER
tainly an important element in favor of the bull inter-
est and the comparatively low points at which stocks
stand is another; but, on the other hand, the
reduced earnings of the railroads and con-
,equent suspension of dividends in many
eases the gradual accumulation Of stock in the street,
which always takes place on rising market from par
been waiting for chance to get out having bought
At higher Prices, must be con,ended against. The
feature Of the markct to-day was the fluctuations in
Pacific Mail which, opening at 1927 from iC3 yester-
lay fall off to 100, with sales Of nearly 900 shares.
The market then reacted to lO2, under rumor that
the purchase of the Atlantic and Baltic would not be
contaminated AT the close l0l was bid l0li asked.
The fall from the highest pop. touched during the
ahn,t fa,+ II
Atlantic and Baltic are, as We stated yesterday. A
contract for the purchase of these two ships for
$500 OOO of which 500 600 is to be paid in cash hos
been made with the agent of parties whose rames
not yet known. The Company who will operate the
Nicaragua Transit Reute in connection with these
boats have no interest in the purchase. The party
who made the purchase processes his full ability pay
the 800 OOO but was unable to coRsnmma.e the trans
action to-day by of his inability to NEE. one of
the requirements of the contract in regard to psur-
ance. Under these circumstances the whole matter
is involved in doubt. Panama also suffered from the
apprehension that the opening of the route would
divert busness from the Aspinwsn route, and fall of
to il6i 1t afterwsrd recovered to i7l The contest
in New-York Central and Reading WAS rather moro
active than the general list OF railroads The former
opened at 80; and advanced to s3., when stock was
more freely onefeU, 6nu IL ieu 10
Reading was taken very freely by the bulls, and
touched 49, having been 49, yesterday In the West
ern Shares there was general improvement, but no
very marked activity. At the Second Board the mar.
ket was strong and active but toward the close there
a downward turn, and lower prices were
established The Business in Bonds was large
to-day, including s220,OOo of State Stocks, at
very full prices. The sales Of Tennessee Is were
$4,000, closing at 9li Virginias were firm at 93,
The business in Railroad Bonds was well distributed
and the market WAS firm. The closing prices were:
Virginia 6s 93i a93i; Missouri, 81! as6l; Central
S}aS'i; Erie, l6ial7; Hudson River, 27ie2,;
Harlem River, loi 9lo3; Reading 80 49, Michigan
Central IS c55I Michigan Southern. 23i a "a; Pana-
ma, ll7iaIi7i; Illinois Central, IS! d7s;, Gaena.
81 49, Rock island, &C! 66!; Pacific Mail, 1914
I0li.
The business in Foreign Exchange for the steamer
tomorrow hiss been light, and rates are without
change of importance. Bankers Sterling is held at
ITO. but the business has been done si 1897; Good
bills sold at 1901 SlC9i Francs, SIS ASST.
F.eigtts continue dull st depressed rates ToLiver-
pool, 1000 bush Com OF a!d 600 packages Lord on