New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-03-25
CON.NERCIAL MAITERS

WEDNESDAY,, March ?i-P.N
The young panic which has for several days seemed
to tax possession of the Stock Market, was pretty
efIectuay anestedthis morning. and the turn upward
was sustained with sgreat deal of activity and spirit
The buyers were mainly for short account the market
having been somewhat oversod BY the bears whonow,
at the symptoms Of a rebound come in with a rush TO
cover outstanding contracts and to realize prohts.
There H. also been larger demand IRON outsiders,
who have been attracted by the low point, OF yester-
DAYS transactions, and all of this new movement
taking oneGirecon at the time that the opposition
Of the bears mad been almost entirely withdrswn-he
market has received au impulse move than commonly
vigorous, though lacking 10 fact some very important
elements IN point of perpanenoe and stability. The
transactions at the First Board very large, espe-
ciay in the shares which ay ortes for speculation
The early sales Of New-iork Central were at ~, en-
advance of = cent closing sales of yesterday
Second Board but a, TIE close If the call the stock
was a little heavy at fraction lower. Erie vas
quito active and went up to .Js, but settled BACK
again 10 "a. ia concluding sales, and appeared
TO drag rather heavily Hudson River was in demand
Up to 26, and closed firm. Reading opened at %, but
was not stained and after touching So left of in re-
quest and rather scarce. Michigan Southern had
which quotation the market was cleared Of stock.
The Preferred was also better, and advanced 81
cent over closing transactions OF yesterday. Toledo
had al active market advancing 10 ~, on the CALL
with considerable vigor. Rock Island went up to 10,
ard was in good request, though scarcely sustained
at the cloee. The movements IN Galena, Panama
Canton Illinois Central sDi other stocks were not
important, but TIE market shows a corresponding de-
.f mr. in -.
The laIg,st TRANSACTIONS were in stocks which had
particularly attracted Tie notice Of the bears and tue
rebound s therefore greater in some Of the fance' than
in stock wbich mainly Influenced by purchasers
ior investment At the second Board the current OF
the market -til toward improvement. New-iorK
Contra was slightly lower. but before the adjourn
inert had nearly recovered the highest Quotation OIL
the morning. Hudson River advanced to q aud was
IN demand. Michigan Southsrr, Reading, Lne ana
Harlem. were slso better. Bond transactions !or tue
day were not large, but well distributed through tho
list of - curte- aud generally at fair improvement
in quotations. At the close OF business IN the aree'
the market quite strong for the leading stocks
though lot very active. Reading was offered do"n "
5l account Of a reported dealcston in the office
the Company vaiousy stated in teegaphic dispatches
at frcm s. eco TO $4,000 The closing prices were iof
Ne"-foiA IentTa 70! Did, Eue 20 i'"NA A -
Reodng. IL; Tucson River. @ Michigan soa'ne'''
81: Caena, :; Cumberland, 10; Toledo foi' o.
Ihis Use has 70. beea Of that character ~men g"|
an imPrersion Of siren th and dursion AID -" ."'
&C eitby impetus the purchases OIL an opposing
irterest wn!ca comes to the assistance OIL ao'P"s
market coy for the purpose Of securing pr'n.'. "A
rsiiY cf thL de,Cnptoo IS trisk and stf''s "hi's
lasts. b'r u 80 hsble to iose us supper ''ni'''
suddSl.y as eveo tbs: ,tosy r~i 9e 'ss~-
with rea,So.