New-York daily tribune., 1858-03-24
.IL. - AILLr rIlA
TUESDAY. March 23-P. N

The features of the Stock market to-day are much
the same as those of yesterday Attae morning Board
large amounts of stocks thrown upon the market
from hands too timid or too weak to hold them while
the orders to buy were by no means commensurate
with the desire to SELL The recent fall has used up
margins to great extent, thus forcing sales which
have, for the moment, oversuPphed the market with
stock In the meantime, the parties, whose operations
were mainly instrumental in advancing the market
during the rise of January and February, and who
drew with them large and influential body oil
outsiders have made but feeble efforts to resist the
downward tendency of prices, conhhug their enor's
principay to one stock New lork Ceara Losing the
support and influence of these prominent parties specu-
la.ion with a noucy market increasing III ease
naturally languishes, and a, soon ss the advancing
movement of prices is arrested parties who bought
only for the rise begin to sell and the market turning
downward other parties rush in to reslze best prices
and the quotations fall off, until the disappearance of
margins forces the commission brokers to eel
u, their customers, and the fall goes on with
accelerated force until the movement has exhausted
itself and prices have touched points low enough
o bring in new buyers and inaugurate new specula-
tive advance. This is the process which has been go
ing the past ten or twenty days. Several leading
operators csme TO the conclusion, nearly at the same
moment that the time to realize profits had arrived,
and began sell their satellites and the outsiders fol-
lowed their lead, and htnc H9 lachrymd. The reverse
movement has TO some extent already commenced,
although it is generally considered probable that prices
may 60 lower but We learn from commission brokers
that the bulk Of their orders from the public to-day aud
yesterday were to buy and not to SELL and We know
Of quite important amounts of leading fancies which
have been bought by foreign houses for Europe. The
decline of las T. cent in Central l5 = cent in Erie
IL T. cent in Hudson River 10 y cent in Southern Mich
gap 10 e cent Toledo - cent in Rock Island &C.
has attracted the st-nton of speculative capitalists to
the market likely TO be the turning point for
another rise. II weak holders have all been saugh-
tered ard ths outside demand grows to any extent,
it needs no ghost to come TO tell us that the
lowest points have been touched. There is scarcely
an adverse feature TO b. discerned in any quarter of
the final ca horizon, and precisely the came elements
for Ise exist now existed two months ago, when it
appeared almost impossible to satisfy the grasping de-
se of the street and the public to buy stock The most
MAI at the First Board was in New York Cen
tal and Erie the fomerof which fell of TO So registered
sales with transactions afterward at 80! against 81
Yesterday Erie sold as low az 22l, having closed at
IS yesterday. The transactions were large Hudson
River declined T. cent, Harlem + cent Restng
sold down to 50, a decline OF ,. cent; Michigan
Southern opened at 20, but recovered to 2Oi Toledo
was ~ but improved to 43i, against i3 yesterday.
Gslena was heavy at 90. Rock Islaud was among the
tirmest stocks showing an Improvement Of + cent.
At the close Of the Frst Board there sliyh rally
fr III the registered prices, and between the Boards
there we've come sales of Erie at 23!. At the Second
Board portion OF the decline of the morning was
geued and the market at the close strong leai
in operator taking GOO shares NewIork Central at
s7I, buyer ten dave. In the Bond market there was
not large movement the principal transactions being
in Mssour 6s, which fell of to SO. Erie securities
were also heavy. A sale Of Government IS was made
at lO3i, and ts q, l5.. The closing prices Ere
24I: Reacrg, 81; Central, &! Hudson River, Do
Harlem. I0!. L. Crosse, q; Cumberland Isl; Rock
Island, a. Gasns 90 Michigan Central, 63l, sc.
There has been large business done in foreign Ex-
change for this steamer and most Of the desirable bills
have been taken out Of the market. During the day
the leading drawers advanced their rates and the
market closed T. cent better for Sterling than yeser
day The business has been mainly confined to Ster.
Ing French remters taking English Exchange in pre-
ference to Francs, the quotations being about oae
cent in favor Of the former Thus while Sterling has
beer quite active French bills have been unssable.
The range Of sales has been los to 1917. Bank bills
and bankers signatures sold at at the opening Of
business but closed al 7a7i 2 cent; Francs SIS
a5.EI.
Freights are steady, but quiet. The engagements to
Liverpool are 400 bbls. Flour at Is Cd. ais. I'D
IL, 900 bush Grain, at 5ld in bulk so bales Cotton,
at 3I6d; 100 bO1es Bacon at LIS. Cd 200 ties. Beef
a, g. Cd; 10 ,uns whaefoots, at lis. I'd 200 bbls
Rosip at D. Id To London, 200 tcs. Beef, a; A..
- b:s,: Bacon, a. s s.; Nv ;us; ESsc, .. E.. cI.