New-York daily tribune., 1858-12-02
COMMERCIAL .N4ITERS.

"WEDNESDAY, Dec. 1--P. ".
The transactions at the Stock Exchange to-day wers
Indicative Of the growth cf a steiiior and stronger
tone, but tie business greatly lacking in spirit AMI
activity. Tire cOuree Of the market for two or tn
weeks past has demonstrated pretty clearly that prices
have touched points Of strong reis anoc, and with
standing tie constant slusoLs to the unsatisfactory
busress of the Western Roads even those Stocks DO
not give way, to any extent, beyond the quotations
toncled some tine since. Tie worst features hsve
probably been duly examined, and although there
are not many who can be tempted into
investments which, for the tmc look 50
uIidvorably, there are, g. the same time, but few
who inclined to sell at present figures among the
Shareholders. Under these circumstance the market
shows unusual dulne and Inactivity, but preserves
good degree OF steadrcss. TIE first symptoms Of i'm
provenent in the traffic of the West rn lines would
have very NAKED influence prices, aud add
greatly TO the volume of business 10 the share,. Toe
effect of gain in railway earning, in these times Of
despondsncy in such matters, is foIcbly illustrated
in the of the Eric stock, which, under
reports Of gain of $50 900 TO 100000 in
the November business, becomes suddenly quite
active a. ar advance OF to Y cent. The time for
better result. on our leaing Railways is not in Gu;
judgment, far distant. We may go through dull
Winter possibly, but the comparison with last year
feel confident, vii not show 50 badly as has been
tcipaed from the meager retnrns Of the Autumn. At
the First Board TIE movemoDt in New.YOrk Central
was quite vigorous and prices advanced to SO!
during the cell, tne stock closing with consider.
able s,eadlness. Erie was In tood demand az
IL, but the transactions were not large. Tie
November earnings reported to be about 10000
in advance Of the corresponding month Of last year,
ard several encouraging items are stated in favor OF
the road one Of which is the savirg in expenses by
the change Ct wood iOto coal burning engines. The
locomotives on the eastern division of the road are
Undergoing the Necessary alterations for ths purpose
as fast as possible. Reading steady at 81 |, but
not active, and just at the Of the call trias
dull at the quotation. Tire Western shares were gen.
eroy rather stronger and better than at the close Of
Yesterday, but the Improvement established was not
very decided. Illinois Ceotral exception,
and was decidedly the heaviest stock on the list,
running down to - during the call. Between the
sessions the market became quite buoyant, aud
sales OF New-York Central were reported as high a.
81 and for Rock land G2l. At the Second Board
these quotations not fully su-taned but the
ke was upon the whole, very frm. Erie sold at Is,
but slightly dull at the quotation aiterward. New
Yoik Central closed in demand at So, Galena, Rock
Island and To,eco also better There large
business in State bonds transacted during the day tho
saes Of Missouri reaching sl3S 900, ani Of vrginas
Sl(0,OC0. Ia Railway bonds tho transactions were
limited The closing prices for New York Central
s3I as3i; Erie, IL als; Hudson River, 33l aBl;
Reading lejll; Michigan Southern, 2ll a2ii; Pro-
ierred, 81 a5lI Illinois Central, 7fl ais; Michigan
Central, 52ie52l Galens, 72i 072l; Rock Isaud,
90 462I; Toledo, 81 d3ll; Missouri 6s 80 e9ot, &c.
Tee Foreign Bill market is inactive but steady.
Sterling Is = Q9I y cent. Tie supply Of outside bills
Is not large. Fraacs are 5H a5.l3.
Freights rather quiet. To Liverpool: 80 tcs.
Beef at 3s. 90 bags Cloyer5eed at 2js; 81 tlns Oh
Cake at los. To Glasgow 80 bales Cotton at ii
800 bb.s. Flour at 2s. Cd. 4 schooner Pernambaco
and back with Sugar at 9Oc. q bag schooner hone
fiom 81. Domingo with Logwoot at 81 30, port
charges paid vessel out 10 and home from port
in the West Indies for 81 200 vessel to load Coal
at Eizabebport for Boston a, 81 80 {, tan vessel
from jar sonvile to Richmond Philadelphia with
Lumber at s. vessel from Southern port to a
windward port With Lumber at s2.
The business Of the Clearing House to-day was
sl9 5l6,lsl TIE tendency Of the Moley marke. ap-
pears to be toward still lower rates. the accom- no
dator Of capital forces borrowers into market. There
hes been moderate addition to the supply Of paper
from parties who carrying pros nee, but the sup
ply Of choice names in the discount houses is still tar
below the d. nanc. Leading sixty day accePtsnces
go al 3,ai 2 cert, and prime four and rit
months paper is psssod easily a. 4iaj y cent.
The offerings at the banks are very light, acd .
the:e institutions are obliged TO resort to other
avenues than their regular deers, in order to keep
up their line of loans. The quotations for paper have
fallen back at least cent since the partial advance
male By concerted movement Of the brks some weeks
since. The supply Of money offering on call l. in
ert eeng and il is abundant 8. IA cent With some
,rsr sseuors OF lower figures The interest due on the
SecOrd avenue Raj rosd bonds ist December, IL pad
by Mstsrs. w & J. OBre,, No. - Wall street. The 4
moveu mt for tue formation Of billion bank in this
city is progressing fsvlrably. Committee, VINO
have had the matter, have perfected the plans, aud
drawn up the articles Of association, which Wi 4
be presented for acceptance probably on M'Ddsy
nexi, - meeting Of the friends OF the
enterprise. Sufficient ebcoursg hss been ne'a
out to render it almost certain ths, the captA "a
million all be subscrhed, and the experiment 'riei.
The report of the Committee Of Bankers, &c, OF
which We gave an abstract some days snce' las
been published in pamphlet form. TIE matters
tssstci cf II e ~ - b.ousf' bsiofe tae l5''''ure