New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-02-12

TUuRsDAy Feb. lip, "

Business at the Stock Exchange to-day was on a
scale of importance seldom equaed, even in the most
exciting times of former years For most of the prom
inent stocks the share list the rush overwhelm
ing and every call at the Board was accompanied by
so much confusion that the transaction Of business was
matter of more than ordinary difficulty. The infu-
ence Of an unprecedented money accumulaton-of
the idleDess Of capita-begns to be experienced in
full force; and the crazness of speculation, which
we have endeavored to foreshadow since the suspen-
sion OF specie payments, is developing itself with
quite as much rapdity as we had expected. The
fever extends TO nearly everything on the list whether
the stock dealt in carries the merit OF intrinsic value
on its face not-that feature, in point Of fact,
becoming Of comparative insignfcance in the
broad and unbroken wave of speculation, which
ries everything before it. The prostration in stock
values during the panic was quite as indscrminats
and sweeping and the reaction is consequently of that
irresistible character which, in its volume and force,
reaches good bad and Indifferent Stocks alike. Trans
actions the First Board very active in most of
the leading Railroads, and all at decided advance,
with the exception of Reading, which is adversely
affected, first by the decreased amount Of tunnage
brought over the road-a result attributable TO the
unusually mild character of the Winter-and second
by the movement which is in progress to effect
solidation with the Lebanon Valley Railroad "A
measure generally looked upon as extremely in
judiceus on The part Of the Reading Company.
New.York Central was very strong, and appears
TO be working up to old figures with very little
opposition the last statement of business for the half
year just closed proving Unexpectedly good Erie
went up to 252 and in demand up TO the close of
the session. Harlem had especial prominence in the
transactions but was very irregular-openiDg at IL,
but presently dropping to 10, under an avalanche of
stock and finally closing at lii. Toledo was active,
but had the same dragging look noticed for some
weeks in the vibrations between Al and IS, although
showing an advance of T. cent over closing figures
of Yesterday Galena had an uncommonly strong
market selling up to 49, a moderate amount
of stock. Rock Island also opened with Wig
or. but was lower at the close. Hudson River adj
vanced q & cent and seemed to possess unusual at
fractions. Milwaukee and Mississippi opened at 32l,
but lost fraction at the close. La Crosse advanced
also in early sales but had declining tendency before
the adjournment. Panama was very strong, selling NJ
10 1927; the quantity Of stock does not increase
the market, notwithstanding the recent ADVANCE
fact which shows an unusual degree Of confidence
among the shareholders. The gross income of this
Road for the year ending Dec. 81, 1857, was 81 3O5
sl9 CO. from which running expenses interest the
bonds. and the July dividend, being deducted, re-
msned balance of $39 COB AZ to the credit Of income
account including the balance of $37s 1874 A. remaining
from the previous earnings. From this the dividend of
q cent was declared jan. 4, and after paying also
the usual proportion to the New-Granadian Govern.
mept and $50 coo to the Sinking Fund the balance to
credit of income account is $500 jSl - Cumberland
advanced 23, with very large saes-the clique still
operstipg with undminisned courage and persstancy
in the upward movement. Pacific Mail Steamship
Company declined materially selling al 57i under the
same influences recently mentioned.
Al the Second Board there was slight check 10 tn,
inward progress of the market and the esgernes dis
PLAYED among buyers at the Morning Board was con-
siderably dampened although no important decline
was established taking the market as a whole. New
York Central, Ere and Southern were firm. Gslena
Rock Island Toledo and La Crosse declined but there
WAS no pressure of stock for sale.
The aggregate amount of sales for the day foot up
in round numbers $3.50 600 in bonds and in shares to
the number of eco. Iw estimate the sales outside
AZ ). 600 shares, which is probably under the actual
amount of transactions, arrive at grand total OF
business for the day quite equal to the paies days Of
the Stock Exchange. Closing quotations in the street
were for Reading, Sc bid Erie 23i Rock Island, 7ii;
Geleua, IS; New-York Central, 81; Cumberland %.
There is nothing doing in foreign Exchange of i'm
porapce and rates are weak. The supply Of bills is
accommodating, while the demand is moderate. The
leading bankers express the opinion that the large
shipments of Gold are over for the present The Bos
tor steamer took only $4,000.
Freights are rather heavy. To Liverpool, $500
bbls Flour at IL. l0d az s.; 1900 bush. Wheat. in
bulk, al 4id; 5000 bush. Grain, at Il s5id in bulk
and bags 100 bxs. Bacon at 2os.; 500 tcs. Beef at
g. e. per pscbe, and Per steamer 20 b1s. Cheese,