New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-02-08

the prominent speculative stocks, and tue 'ehlen
cy Of prices upward. l. e evident that The 1000
Of speculation Is setting strongly, ard that i r swe-od
by outside influence 10 a mich greater extent 'n.h
heretofore That large portion Of the present lock
movement is purely speculative is shown by the fsct
that stocks which are without intrinsic value feel Is
force strongly than those OF the be-t de-
scripliou. pares are formed in the street who lake
VI one stock after another, and, by active buying
ard combined efforts 10 that purpose, advance
the market to 10 T. cent, and then eel out-f they
.n. Some Of these operations result in loss 20 those
orig mating them and still more Of them TO those who
ere drawn in TO buy aer tie advance has taken place
Tie real value OF Stocks Is very little understood by
many Of those VINO deal largely in them they are
mainly governed in their specuatiOns by what they
consider to be the general feeling Of the whole market,
whether for rise or fall. By almost universal con-
cent il is conceded that while the present plethora
Ct money continues, combined with the dulness
OF trade which affords no vent for aecum1laIpg
capital the tendency Of the Stock market will be up
ward. Carried along with the current there wall doubt
less be many stocks that viii advance far beyond their
actual values and entail large losses upon those VINO
are unfortunate enough 10 hold them when the turn OF
the market comes. Other descriptions wall appreciate
legtimaely the prosperity of the country gradually
Ieyives and will pay literally on the Investment. Inc
most prominent speculative stock to-day WIGS
Cumberland, which advanced from IL TO 49, un-
der free purchases by the party who are be-
heved to hold now cash and contrac. stock 20
the extent Of 20 goo of the 30 600 shares of the capital
stock The schem. in ,ludes the control Of the man
agement Of the Company; the issue of a million o:
second mortgage bonds, in payment of the floating
debt aud for other purposes and the purchase Of the
~ al h.. 70 - lar q
coal Tie floating debt il about $2j0,G00 and the
funded debt about $4,000 In regard to the excel
Ience of the Cumberland coal, for steam and other
purposes, there is no doubt; but there is
doubt whether il can be mined and transported
long distance to tide water at profit, excepting
during years when the price of coal ranges above the
average. Erie was among the strongest stocks, and
sold after the Second Board as high as 2it The in
creased earnings of January had favorable influence
upon this stock New-York Central was steady and
after the Second Board prominent operator sold
600 shares at 81, power and certificate. Reading
was dull at 571 a57I. There was better demand for
Pacific Steamship, and the market reacted to Gil,
closing at 6l. The bears show come disposition to
cell this stock short Panama continues to be picked
up md closed q. % bid. GaeDa is well sustained,
but Rock Island rather drags. In the Bond market
the transactions large, reachiag nearly S3OO,oco
of which $4,000 were Missouns. One sale OF
$50 coo made s22 seller sixty. Railroad Bonds
were generally steady. The market at the Second
Board was generally steady, and after the Second
Board prices quite firm.
In foreign Exchange there j. no new feature Of i'm
poltance. The mai 10y the Fulton was not large.
The supply and demand were equally moderate.
Freighs are firTner. 10 Liverpool the engagements
are: $500 bbls. Flour at ls I'D. ~. u 900 bush.
(ron "a in Iull nj In IsOa b..xa
Bacon at lss. 2G1. dOs.; 100 bbs. Lard at 49, Cd;
400 bbls. Beef at 81. Cd 500 boxes Cheese at 25s.
To London; ], 800 bbs. Flour at -. 3D.. 1000 DO.
Oil Cake at 2s. 3d.; 300 bbls. Resin a. %. 4l1 To
Glasgow 100 bales Cotton Sea Island at 3D., per
steamer To Havre. 100 bale. Sea Island Cotton at
&c. schooner Of l26 uns, hence to Porto Rico and
back, on private terms. A big to the south side Of
Cuba and back at foe. for Sugar and 50 for Moasses
A schooner TO s., Domingo aud back on private terms
A brig Of 2i0 tuns to south side Of Cuba nj Sc for
Sugar and g. 80 for Molasses, port charges paid
The business at the Sub-Treasury was: Receipts
$780, ll3 60; from Customs j2,OOOi Payments, slS-
or 81; Balance $3,l68,is7 II, against 1928, $40
last Saturday, showing falling off OF sll9,723.
Tie following is comparative statement OF the I'm
ports of Foreign Dry Goods al NewYork for the week
and since Jan. /;
Fortle Beek 1856. 1857. 1858.
Entered 'Le port 9,-tt'sJ tllJoOl6 81 lt<5
General neIcLsId.e..... l,lf,lY 2@55,40 th2,Aa
Total flr the week.. I 3i07.7 +64ll,2u S223,sB
Total ioI January. Is, jIj,7OO 8lA,33 I16lH
Since Jan. l....... sI0,s5l'n7 ea;5Il6I eI7oos,55
The Imports il will be seen continue to show large
falling off of over -four millions for the week, and ten
and hall millions since the lat of January.
The following is a comparative statement of the
Exports exclusive of specie from New-York TO
foreign ports for the week and since Jan. /:
1855. 1857. 1883.
TOTAL for the week.-mrs. 0l8S2 si,li2+B &l5H,5l6
Previously reported 900. G,7li6.7 5,Il74 5j9,73
Since Jan. sL7S},Ss sl4t6T7O sis7l,oH
Tie exports of specie from this port for the week
ending this day and for the year 1873, follows:
Bris Henry Cape Palnas Silver DoIars...... +Sos 90
S,r Tpropa Liverpool. L. 5 Mint Bars......... +Y $50 "a
Sly Furora Liverpool Csislps 2B Cos 2
S.r Frrona LIVERPOOL Am Gold Coin .....,. ll5 599 50
Str Fnros Liverpool, 1889 ~