New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-10-21
COMMERCIAL MATTERS.
WEDNESDAY,, Ocf. 20-P. VI.

WEDNESDAY,, Ocf. 20-P. VI.
The Stock market at the Morning Board was a very
excited one, although the amount Of transactions was
not so large on some previous dsys. The market
opened with considerable rmness, but the call pro-
ceeded there free offerings OF stock, and opening
prices were not sustained. The rapid advance which
has taken place within u few days has naturally
brought in OF tie buyers at lower price- to
alize profits as we'll as few bears, who willing
to adventure short line. The short interest in the
street however ar As il possible to judge, has not
been so small for many weeks at the present time,
and this fact il Of tie weaknesses Of the
present movement. large short account
II ole Of tie most important emeDts for permanent
bull movement and this il is generally admitted, does
not now exit The advance must therefore, be left
manl, to lie sustained by continued purchases by the
balls ard by such Of tie out ide SPECTATORS be
induced 10 Jon them There is, unquestionabiy, a
marked increase the disposition VI the public to take
an interest in the speculation in stocks, at present go
ing on but is yet moderate compared with what has
been seen a other speculative periods in Wall street.
The upward movement if it can be continued TO v
cent higher will no doubt attract much larger share
of public attention. and from this receive new i'm.
puse The advance price,, il must bot be overlooked,
has also the contrary effect to exten bringing in
stocks !cr sale from the public. This result IS now
being experienced, and the effect il shown in the in
creased activity in money in stock circles. New-fork
Central opened with large sales a. So, but fell off to
81; and at the Second Board to 49, 1t afterward
fnner, closing At 85t bid. The movement in Reading
was less active than OF late aud the market shows no
marked change IRON yesterday. IL Rock leland, the
Transactions were largo and toe market buoyant until
the close, when it declined p ceLt. There Is talk Of
dividend in January, bu there is nothing reliable
known on the subject. THIS stock is favorite with
speculstor., but il sensitive to every change
o the market Gaena drags under advIces oil sinai!
earnings. Michigan Southern Guaranteed dec4ned
y from the highest point after rise OF Y cent
The buyers Of this stock Il was 40, are many OF
them investors who nave examined the anafs oil the
Company and think they csu see daylight Panama
and Pacific NAL have not been yet seriously affected
by the opening Of the Nicaragua route. Iae decline
il Ito T. cent. illinois Central was quiet at Y
cent decline. We do no. hear Of any foreign or.ers
received for thi- stock by the as. steamer the Com
psuy will soon be in condition to HIT its assignment
and resume payment IN full Tie NOV smen! in the Bond
market has beer very arge about s0c 600 registered
besdes eco eco or goo goo sold privately The mar
ket ~ strong the VI 1rnng Board but under free
offerings by prominent operator IT the second Board
somewhat lower prices established, although al
the close the market firm, sale OF s5O,Voo Oh
tie New Government Loan made at l0ii. Inc
better class OF Railroad bonds in more favor anu
prices have upward tendency. The closing prices
are Virginia 6s, 95 Missouri e. ssi ); Cao'o.'
2ni; Cumberland Coal, lSlal9. New-Y@k Ce",r"'
Siai Erie, Is; al6!; Harlem, llasl9; hua'O"
River 2si9i; Reading 5oisi MICHIGAN o.a ,na
81; Michigan Southern and Northern inaisns'
guaranteed, 5il Ia s.; Panama. Iistsi; Illinois Gen.