New-York daily tribune., 1858-04-09
s.IPs Al Arl 10y.
THURSDAY, April SP. "


The Stock u1arke. hiss maintained improving
tendency for the day, advancing with considerable
spr- at the first Board, though opposed with some
vigor by the bear,. Tie movement in New.York
Central was not active but the stock had strong sup
po.t from outside orders, and quotations were up 20
81 during the call though aerward traction lower.
Tie net earnings Of this road for the past six months
are stated by one of tae financial officers to be 5000
in excess of those Of the corresponding SIX months OF
1867. portion Of lis result may possibly have
come from inudcious economies. HUDSON River
opened at % but came into the market rah freely at
this pon end was done at q in closcg siles Read
ing Southern and Tcledo all better but not par
hcuarly active. Gsena went up TO 81, with some
buoyarcy but met at this quotation by an over
supply of stock for the moment and went back
again to So before the call closed. Rock
Isla1d, which advanced TO - was checked in
similar way and left off the c,ll rather dull az ~
Milwaukee and Mississippi was in demand, and the
stock quite scarce at 3d. The March earnngs Of this
Road were about $4,000. Since navigation on the
Mississippi opered, the passenger traffic has been
large and the earnings for the present month est-
mated as high ss $4,000. Pansma is very firm, and
soli at lO6I-an advance Of T. cent. The proposal
to establish propeller line, to run in connection with
the Panama route from New.Yo-k to San Fran
cisco is under consideration by the Board of Di-
rec,ors. and will probably be adopted. This will
furnish great facilities for the chesp and
rapid transportation of freight and give an
important increase Of business to the road. After
the adjournment of the First Board there was iafther
improvement, which was partially lost again, but at
the afternoon session business resumed with an
active and buoyant market extending TO nearly al OF
the leading shares. NewYork Central and Rock Isl
and were the prominent stocks and there was iar
degree of activity also in Hudson River. The ad.
brought out the bears in strong force and there
was rather more than the usual excitement during the
session After touching the highest points in registered
sales, there temporarily feeling o; duness, but
tskep altogether, prices were vely well sustained After
the session there another advance which after
ward lost The transactions Bonds not extensive
but prices appeared to sympathze TO some extent in
I'll. improvement noticed il the share list. Missouri
6s were active, and advance to S2l, with sales of
So Geo duiirg the day. At the close OF business the
bi,s were, iyr New-York Central, s5i; Erie, 20!
Clu berIand, IL Rock Islsnd, "a Reading, 46,
Toledo, 42! Galena, S6l Hudson RIVER 2sl; Mchi.
gan southern, 23., &c. Sreetfuro. has it that some
OF the parties wLo hcve lately put ont contracts on
buyers OPTIONS rather f.eely have been notified TO
make deliveries tomorrow, but there w.s DO per-
ceptible eagepess stock this count and
/. is a matter OF douOt # the movement will m.ke
any material difference in prices, although in
preston prevails that the market has beer
some hst oversoli or three particular stocks
The features of the market yesterday and today were
Indicative of tprnng in the tide Of speculation. The
NOV, mens have bee1 ievcrish AMI irregusr but the
rndertone hiss been stronger and more cheerful aud
the reborndpg steps Of the msrket hsve appelred TO
rest upon more solid foundation. In short the con H.
ton Of the market is favorable for fresh ont
bre ak of pe custon which no. outstanding the
severe check is quite likely 10 initiate stocks OF little
or no sic yaus as TO affect svosbly the prices o
substantial, dvidend-paypg investments. In money
eu Ike the present. the elements O: unhealthy speculs
tive excitement are active and powerful and sre brought
to bear upon the stock market wiz gre force as soon
e peop'e recover from well-grounded alarm.
There activity in foreign Exchange and rates
are lower Serirg could Lot be sold to any extent at
over 81 a9 q cent. The late rise was speculative
one and could not be sustained, it being mm.d .tey
followed by cessation OF demand.
Freghts are heavy. To Liverpool, $500 bbls. |
F,ur at Is as. 81. the inside rate to fill up 5000
bush. Grain per steamer City of Baltimore q, ID. in
chips bsgs; 200 bales Cotton st ID; 30 boxes Bacon