New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-02-24
TUESDAY. Feb. 0-P. n.

TUESDAY, Feb. 2t-P. NJ
The aggregate amount Of business al the Stock TX
change to-day was very large footing up to the extent
Of nearly 600 shares and about 500 COON bonds The
movements continue IN favor OF arising market wilhou'
interruption; although occasionally slight hesitation
is manifested, operators were somewhat feenui Of
reaction, which has thus far beer IN vain expected
The bulls appear to have everything their own way,
and il 10 worthy Of remark that even the apparently
sapguine antcipadons Of this journal have been lar
exceeded by the actual results The Bank Statement
which was made public yesterday afternoon, has had
strong influence in sustaining prices, and 10 giving spec
ulators increased confidence in a continuance OF the
upward movement. The fsct that under the existing
crcumstances-at time OF extensive stock specula-
ton and at a time when the banks have been ANXIOUS
to employ their resources, the loans should snow an
actual decrease Of $4,000, il striking proof OF the
money glui, and Of the present tendency OF rates OIL
usance The certainty that the immense aocum7stlon
Of idle money has not been and does not appear likely
10 be disturbed for time yet brings the mind r.
resistbly 10 the conclusion that the growth OF specu4a
tons is likely to be stimulated to greater extent. Al
the First Board there were very active movements IN
Reading, New-York Central Erie, Hudson RIVER
Michigan Southern Toledo and Rock Island nearly all
of which were higher than at the cose OF yesterday
Ere however tagged at the close of the call, and
y cent lower than in early sales. Harlem was steady
al ~ GHl. Panama advanced TO lO5 and was strong
The Pacific Steamship Company has reduced the tam
OF prices for steerage passengers from $lO 70 ~
and second cabin from 500 to 5000 movement
which will doubtless be followed by the opposition
line The result OF this will be doubtless large IN
crease in these branches of passenger trahc-the
advantage Of which will mainly accrue TO the Panama
Road which receives Its i2j per head a. heretofore
Galena was steady, but not active, having already
advanced to comparatively high point, and beng
consequently less attractive than other stocks on the
list. Pennsylvania Coal was in demand, and advanced
to 76i, an improvement Of l. y cent. Cumberland
went up to u /, but heavy afterSard at ~ Can
ton declined T. cent, and for the call one OF the
heaviest stocks dealt in. Milwaukee and Mississippi
was in quick demand, and very scarce advancing to
Ali, and coting strong. La Crosse declined to loi
Michigan Central sold at - 10 the extent OF
4sU shares-a leading bear operator taking all
of that stock at that quotation. As the
session drew near lie close the market was
barely sustained, and after the adjournment Erie
done at 3Gf, and others a fraction below morning
prices but this temporary heaviness disappeared be-
fore the session of the Second Board at which the
market opened again with strongly improving tend
epcy which continued to the close Of business for the
day New.York Central sold up to S. and was in
tive demand Erie went TO 36i; Hudson River to 81;
Harlem to II: Reading to t3l, &c. Canton and -
Crosse the only instance of decline worthy OF no
tice After the Board the outside movements were ex-
cited and the whole market had en- extremely buOyant
aspect There has doubtless been great deal oreazing
to-day but sales of large blocks of stock now made
with but little effect upon the market. Meantime
also ofhe most courageous OF the bear operators
venture upon moderate lines Of stock on sellers option
but the resisting power of the market seems to DEFY
attempts at depression. Cautious operators look
upon the swelling figures on the fancy stock list with
establishment and with foreboding, but the abso
lutte plethora Of money is an efectual answer to all
argument The New-York Central Railroad books
opened this morning; the transfers unusually
heavy. but were accomplished without confusion and
with much less difficulty than was anticipated There
was no very important change in the Bond market
Prices were generally firm, and upon the whole better
Michigan Central new loan per cents touched lOOi
and were in request. Reading new loan bonds are
more active at a. La Crosse land grants declined to
"a, but recovered to "a at the close. Bank shares
are steady but inactive. The latest prices given in the
street were for New-York Central ssh; Reading, 65i
Rock Island, S2!; Erie, 81; Toledo, 5ll Hudson
River 81; Michigan Southern, 81, Cumberland, 2Oii
Panama, l07, &c.
The Exchange market has been finn for good COM
mercal sterling bills which have not been abundant,
but the higher grades Of bills, including Southern and
Canadian bank signatures have been pressed on the
market and sold at decline OF a / z cent on the
last steamer Bills have sold at a94, which were u
for the previous mail Francs ere 5.ls4 d5l5. The
transactions have not been very large. The
impression is very general that the market will rule at
low figures for time TO come, reports OF cot
ton being large in the face of diminished imports.
Some bills have been drawn and sold against the loans
which have been negotiated in London by Mr.. Moran
and others and the successful completion of the Grand
Trunk Canada loan has induced Canada banks press
bills on the market.
Freights are very dull rates nominal. To Liy-
erpool: 900 bbls Rosin at IS. 10000 bush. Corn
private terms. l6e bales Cotton Sea Island at 3-l6d;
800 boxes Ba son, bill, at 1885, 100 pkSs. Lard al 2Os.
To Bremen: 100 bales Cotton at &c. To Rotterdam:
10 tuns Measurement Goods al 81 g tun. schooner
oflSO tuns hence to Charleston with Guano, at 81 81
4, fun. and back from ST. Johns River with Flooring
Boards al g. 20. A schooner from Jacksonville TO
Porto Rico with Lumber and back TO New-York, a.
SO for Molasses and i2c. for Sugar To London: 100
boxes Bacon at rs I'd; 200 tee. Pork and Beef at
e.. I'd.
The business of the Sub-Treasury was: Receipts,
$6S.I35 I9-irom Customs, $4,000; Payments, $751;
592 3d. Balance, $3,376,93O y.
The business OF the Hudson River Road in February
shows large increase over the same month last year
The receipts for tue ten days ending 18th inst.
against 500 72 same days of 1857 The pres
ent movement in the stock is based partly upon
this large business and partly upon the ecOno
my which has been introduced in the working of
the road, which is over $4,000 y month $40 900