New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-04-10

strongly IN favor Of advancing market anu ~
time, q; least, the bulls seem - have rsert-ol-'
themselves 6rmly a. The donnsn; party l"'
Jo,tion 10 buy at he First Bosrd wss very ue''''
ard .he supply of stock xss quite inadequate y
the demand although the bears were sellers 70 'V
crate extent a. the improvement progressed. LUG
position, however, was not effective, ana ID
instance was fairly overcome, snd the se-ers ''-.1
on" Of stocks. Since Monday, the market seeni' -
have fairly turned tie corner and the sentiment VI '
street, always cspriciou- IN regard 70 stock
tiOD has been gathering force and volume ~ 's'o' "
another upward turn il prices. In AID OF 'His cHae
we have continuance OF the money petrora' WIN
appears to grow more and more papao'e' aIa
the natural tendency Of the market 20 recover par
italy a. least, from rapid and very matera ue ''"7
II il curious fact that aoor 50 prices begh " i
perate becomes almost as easy 70 argue IN 's'or
rise as before TO show cause for decline; and mus o.
the present time people begin TO see bright prospec
and clearer sky where short time since CLOUDS were
the prevailing feature Of the landscape BY singular
coincidence we now hear il stated al encouraging
fact that the April traffic ret Tins of leading raroaus
a. and connecting with The Yves. likely TO be quite
satisfactory as contrasted with those OF Mach, though
generally behind the earnings Of the corresponding
everything couleur de rosc on easy money market,
a. soon as people recover from sudden fngnt' ALI
begin 10 realize that some Of it WAS unnecessary OF
or premature Under such circumstances the otoch
market is likely TO become further inflated, not upon
the real merits of the securities dealt H. but upon lle
general principle that money is sblndsnt tba. stocks
are low as compared TO prices ruling fewweek' 'tnce,
and that consequently people will speculate Ins VIII
probably continue until buyers begin to reaAze p'onS,
and the bears begin to speculate upon the chances Vi
decline when another tumble vii be Inevitable Up
orators for the rise have csugh. of the shors IN
the turn ard the upward movement has consequently
greater impetus and strength. New-York Central was
steady, but not very active, recovering, however,
from pretty smart attack from the bears,
and closing at SCI firm. Erie opened at 81 but
was little dull in concluding ssles. Hudson
River was firm, with moderate amount OF
transactions. Reading, which, account OF the num-
Der OF shorts, expected TO be one OF the hrne't
stocks on the list was the contrary rather du and
fell off slightly from opening Transactions. Michigan
Southern Common and Preferred Stocks were both
steady and the latter in better demand at an advance
Toledo was active and went up TO 40, but declined
fraction in closing sales. Rock Island opened q. "a,
but was hardly maintained at the close, though hrmer
after the adjournment. There fair demand for
Cumberland and Milwaukee and Mississippi, but no
especial activity in either Panama was very hrm'
and went up to 1857, an advance of - 2 share
over quotations of yesterday. Illinois Central
was in better request also at an advance, but
with small sales. We notice fresh movement
in Nicaragua, based doubt upon vague antcipatons
of reopenDg of the Transit route II is stated that
Mr. Vanderbilt has purchased Mr.. Morgans interest IN
the Pacific steamers, including the splendid new boat
the Queen of the Pacific" but whether the energies
of this Napoleon of steamboat navigation are 10 be
devoted to competition with the Pacific Mail steamers
to Panama. or to opening the route again TO Caiorna
by way OF Nicaragua is yet mystery to the pubic
The land stocks are comparatively qaet, but rather
frmer Canton is steady at from 81 to -. Cary In
proyement was in demand at ct a 81 ex-dividend.
This Company is entirely out of debt, having PAID
off the balance of the mortgage on their property within
the last week. In the afternoon there was i'uther
advance in nearly all of the leading stocks, and
considerable excitement during the session. The most
active movements were in Rock Island and Toledo,
but the disposition to buy general and there was
quite as much reluctance to sell. Southern Michigan
had upward tendency, both for Common and Preferred
stock. There appears to be considerable disposition
among the stock and bopdholders OF this road to in-
duce Mr.. Edwin c. Ltchfed to resume his seat in the
Board Of Directors. We understand that request to
him to allow himself to be put upon the ticket at the
approaching election, has already been signed by the
owners of some ST. 600 shares of stock. Mr. Ltchned
was absent in Europe, urconnected officially with the
Company at the time the most serious mistakes IN the
management Of the road were made, and many VINO
have censured him have since had reason 70 know that
they did so uDusy, and that re was made the scape'
goat for others equally, If not more, deserving OF
such censure, if any censure was deserved
The transactions were unusually well distributed
throughout the list. In Bonds, business was quite
except in Missouri Is which sold TO the eX
tent of $lG3 900. La Crosse L,nd Grants were IN
good demand and buoyant, advancing to 3il BID.
Prices were generally steady. After the adjournment
higher figures ruled, and sales Of NewYork Central
were made up to 81 l. OF Erie at 22 Rock Island al -
and Hudson River at 30. This jump in quotations was
succeeded by slight reaction, but in final transactions
there were evidences of very firm market. Tne
latest bids were for NewYork Central, x; Erie, 22!
Reading Al; Rock Island, -; Cumberland, III;
Michigan Southern, "a Gslens, So Hudson River, 30;
Panama, 1881 Milwaukee and Mississippi, 3ii; lii
nos Central, az, &c.
There has been moderate activity in foreign Ex-
change to-day, with a better supply OF bills and a
decidedly heavy market. Some Leading drawers Of
sterling have asked 100 1921, but 1851 LOG have
been the top prices for Transactions frstclass sigma
lures having sold at the lower figure and bank bills
ct los; 100. Prominent commercial bills have been
passed Of lOSl and fair names at 1851. Frarcs are
Inactive many of the French remtances being being
still made in sterling The quotation s $50 Gj.l3..
Freights are without material change. To Liver
vooi che epgacemerts Are 800 hbls Flour n, L. "A
ID 600 bush. Grain at I'd. in bulk and ships bags