New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-05-03
SATURDAY, May l-2r.


The upward movement Of the stock market, which
has been noticed for day OF two past became more
confirmed to-day, and the market took more strongly
speculative tone, with considerable disposition shown
to g1 ore he question of intrinsic values, aud buy near
" everything on the list trusting to the speculative
features Of the MARKET to carry the general movement
forward The great strength which themaike. has ex-
hbited dpriFS the week, although combined with dull
n,s. mas gradually satisfied the shorts that the next
movement would most probably be an advancing one,
and they have been free purchasers especially Tor the
s,t dsy or two There has also been growing but not
yerr powerful influence for rise from outsiders, which
to-day became quite important. These combined ele-
ments of the market too strong to be ressted by
the bears, and marked Improvement took place in
nearly every security dealt in. The advance was msin-
tanned during the day with scarcely any reaction. The
shorts took in considerable amounts Of stock and did
not appear disposed to put out new contracts ex-
ceptng TO. limited extent. The commission bro
k.rs had a fair amount of outside orders, the bust
ness from this source having increased considerably
within day or two. There are no appearances
in the market Of clique operations excepting perhaps,
in one or two stocks, and the movement appears to
have grown naturally Of the previous apathy, and
the pethora of money forced into the market for en-
ployment. When money can be freely had on stocks
as T. cent and this condition Of things exists with
not inflated market il is natural to look for active
speculative movements in Wall street. The most
marked advance to-day has been in Michigan Southern
and Milwaukee and Mississippi. The latter recovered
from % yesterday TO 81 !, closing at 81. The former
opened at o. against 2j yesterday and under good
demand for cssh stock advanced to 27l after
the Second Board. The Preferred Stock also very
buoysnt advancing to 52, against 80 on Friday. The
confidence of the street in the securities Of this Rosd
has been largely increased since the new adminisra
ton came in The best energies OF The Directors will be
immediately exerted to relieve the Road from its en-
banassments and we have TO doubt that nothing will
be left undone to justify the confidence of the stock
| holders who placed them in power New-YOrk Cen
tra was strong, but without important change. Erie
| improved T. cent, without much activity; sellers
options rather freely offered in this than in
other stocks. Reading sympathized with the
| market, and improved TO 4S, touching 49,
| at the Second Board Rock leland improved y
cent partly under rumor that midsummer dividend
would be declared. Galena was strong at 90 There
was good demand for Panama al lO7i dlO7t. A
sale Of Nicaragua was made at p. This route, We
hear will be opened by the Sebbins' White Company
within few months, unless something occurs TO
/ disturb the arrangements at present being made.
| The monthly payment ny tue Tocmc cNomsnP
Company to Mr.. Vanderbilt, we learn from COM
mon report, has been increased to $4,000. The
question Of the destination Of this stipend is q
highly interesting one to the owners OF Nicaragua
stock. Hudson River was dull but FIRM at 81 OIL !.
A small sale Of New-York and Phisdelphia Trsnspor-
tatiOn Company is registered at 993. This, We be-
heve, is our old friend, Florence and Keyror, with
new titlepsge. Delaware and Hudson did not symps-
thze with the rise but was steady at yesterday 8
price, In Bond transactions, the market was strong
without being very active. Missouri 6s improved 70
oos and California rs to sal; Virginia sold at 81
mere were no transactions of Importance in Railroad
eonds, excepting in Illinois Central OF which 81 900
SOFA eei which is per cent better and 10 La Crosse
Lard Grsnts Of which 1000 sold at 32i 80, closing
'S0''t an advance Of per cent. The market at
the Second Board was quite active and buoyant. Tho
orders were wen distributed and stocks were not
pressed upon the market he closing prices after the
Board were Enc 95is25l, Central ssi 80, Southern
Michigan Ti S37i, Preferred do 52i, Reading 4sl a
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