New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-12-21
SALES BY AUCTION
MONDAY, Dec. 20-P. ".

The most prominent features of the Sock market to-
day were the large transaction, IN We-tefn shares,
attended by marked decline in two or three Of tnose
nost active for speculation. The dealings 10 point OF
fact were large enough to overshatow the resi- of the
market, and for the day, New York Central and r. al
ing, which comparatively steady, occupied bat a
secondary position a. the sessions OF the Board 1ne
heavy operations in ttese stocks, and tue decline which
followed had depressing influence on the wnole mar
he and there hut few of the shares deal, n,vch
show any Improvement over quo etions Of Saturday
Among these exceptions were Panams when ad'
vanced to 1901; Michigan Central and Michigan
Southern Preferred, both Of which advanced Y cent
EACH Pacific Mail alec wss fraction better
at the Fust Board but f-ll OF again slightly
in the afternoon The business in Panama EN-.
braced 5o5 shares, which is considerably above
the average Of daily trar sacions in that stock 1t is
understood thst the Company has the amount of the
J-n-.-y aividend already in the hank on dsnosit
There was another serious decline in Illinois Celra
the stock touching 81. at the Fret Board, and the
market showing unusual weakness for it. The ass Of
Galena for the day foot up an aggregate of 80
shares and of Rock Island 1905 SHARES, the former
declnir to II and the later TO CO. although irsc
ton better afterward. The only cause for this de-
preston s the unavorable character of the recent
traffic returns which, it appears, do not, as had been
anticipated, make any more encouraging exhibit, as
compared with last year. than the Autumn figures.
NewYork Central with moderate Transactions for the
day left off at S3i, but was rot active, and Reading
with even lees business closed at 5l2. There were
free sale Of La Crosse during the day-he stock from
81 in the morning dropping to . in the afternoon, With
rather heavy market even at tiAs attsnuaed quota
ton One of the in the street in regard to the
La Crosse Road is that proceedings of foreclosure
l. 1. tEa ,trj ~
which we understand the amount of 500 900 has been
Issued. We canno. vouch for the ,uracy Of this re-
port, but that summary must so,n be taken
under one of the morgig We hsve bat little que'-
ton. An entire reorganization of this concern on
new basis will be essential 10 It's proper maoase-
ment and development. The Bond movement
was not important at either Board, ard
in Safe stocks the uaie was limited with
but little change in quotations. In Railway
Bonds the largest Transactions were in La Crosse
Land Grants which cold down to 23l 80 10 the after
nOon Illinois Centrals were very heavy and at a Dc.
| cline of y cent from Saturday; sales Of mag
nude could have been effected. The offerings al the
option Of the seller NJ ,de down to SO. The Bauk
Statement was announced at the Second Board, and
was rather unfavorably construed If the operations
which followed can be considered any crter Of the
! feeling amorg operators. The closing prices
For New-Yo,k Central S93 s3I Erie III IL Huison
River 49, 49,, Reading 81 ajli, Michigan Central
40 ei9l, Michigan Southern 20 a2cl, Preferred IL
AZ. Panama 1901 a 1909, Illinois Central 66l a66l
Galens 7Os a7Ol, Toledo BIZ a3l, Rhode Island 81
co. Pacific Mail 90l a9ol Missouri Ga s9l as9l, &C.
Under the advanced rates demanded the foreign b ii
market is inactive for the Persia. The supply of
Bankers Bill is ample hut outside Sterling is still in
limited supply Commercial Sterling is 9994; Banks
and Bankers 9. a9l; Francs, SIS. 1915.
Freights are without change regards rates. To
Liverpool the engagements are 800 boxes Cheese al
2js.: % hhds Maryland Tobacco at LIS 3D.; No tuns
Salt Cakes at l5s.; 300 bbs. Rosin at =. 80. To
London. 100 tea. Beef at 5s 3D.; 100 bbls. DO at
Is 3d.; 100 boxes Cheese at Cos 10 Bones a.
ojs. To Antwerp, 1000 bags Coffee at lc. To Bre
men, 900 bbls of Shoe Pegs at Is. Cd. A ship home
from Jarvis Island with Guspo on private terms. A
brig out to Havana for 81 600 We omitted to note
yesterday Dutch brig taken for the East Cost OF
England with -Four at g. I'd.
The business of the Sub-Treasury was: Receipts,
Sol lis, for Customs, e6O,OOO; Payments k',' 20 -;
Balance, $6,197 3Oj OIL.
Tie Weekly Statement Of Bank averages shows a
srgerncrea se of loans than generally anticipated
portion Of which has doubtless arisen from the bypothe
cation Of the new issue of Treasury Notes. There ha
snly been no increase of meIcaLte per beyond tie
amount maturing and the condition Of the Stock mar
ket has not been such TO require additional faci-
ties Tie specie line has fallen off nearly $500 900,
notwithstanding we have received from Pailadelphis
and Boston. during the week, some $4,000. The
decrease larger than looked for In net deposits
there is an increase Of 500, O0O-s ns,ural
quence, in part of the increased loans. The Banks
have been drawing their baarces freely, during the
week, from the neighboring cities, where they were
earning no interest, and using them best they could
at home. The statement, on the whole, cannot be
considered favorable one showing confined e1pan
.ior OF loans and liabilities under reduced b.sis of
specie.