New-York daily tribune., 1858-03-16
MoSDAY, March l5-P. N,


Stock movements were very sluggish at the morn
ing Board and although for of the leading shares
there was little more irmness, the improvement was
not accompanied by any Cf the excitement and ANNA
ton recently witnessed at the sessions OF the Board.
1t is stated that the old bull clique have been quietly
taking in some of their stock again at the reduced
ouotations and It is surrnised that the market will
presently feel the effect of this new movement.
Their purchases of New-YOrk Central have un-
doubtedly been large, but whether other stocks
have met with equal favor is not clearly estab-
Ished There is evidently some uneasiness on
the part of the short interest and contracts
t the option of the seller have not been offered so
freely to-day. The market has probably been over
sold in this way fact which will render rally al the
moro vigorous The sales of NewYork Central, Ga
lena and Toledo were at moderate advance over quo
tators of Saturday and the last named was particular
" in demand. Erie was steady with firm market at
the close. Hudson River, Reading aud Harlem were
also slightly better but not prominent IN the business
transacted. Michigan Southern common stock opened
at q slight improvement, which was lost, how
ever. before the call closed. The Preferred stock
was in demand at advance Of y cent. kock lsand
s,ifTened up a little but at 81 the shares came out
freely and the quotation dropped to 81 IN closing
transactions. Milwaukee and Mississippi had an un-
accountable business, selling down to 81 with out
slight support on the way. La Crosse preserved us
stereotype quotations. Canton was IN better deihanu
but not active. Cary Improvement was IN request al
7SaS which is also gain on Saturday price, Inc
annual report in type, will give clear an sue
cinct statement OF the property and accounts oi 'is
concern and will present more favorable condtioh OF
affairs than anything yet made public in regard to It,
The assets in personal property over ana ABOVE oil
liabilities foot up an amount eff $22l ,OOO this is ex-
elusive of the land consisting of 80 acres Inc aver
o ca of land sold has been IL cents square foot,
o more than $1,000 v acre. The ssmi-annual dlvi-
dena Of 50 cents q share will be payable April ~ to
holders of stock April 3. The number OF shares IS
go coo. AT the Second Board-smulated by the arri-
val of another California steamer with million and
quarter in gold, and an unexpectedly favorable bank
| statement-the market underwent smart rally, and
was quite active during the session. Erie advanced 10
3Ol and was firm; Hudson River to %; Read
ing to 5Sl; Toledo to Az, &c. For New-York
Central the bills ranged up to 92l, without bringing
stock upon the market and the shares were apparently
scarce. Rock Island, Michigan Southern and Gaena
we're also frmsr at q fair advance in each. Milwaukee
and Mississippi improved l y cent. There was nc
particular feature TO notice in the Bond market, ex
cept an improvement in New-York Central rs and
La Crosse Land Grants the former of which advanced
q cent, and the latter 4 cent over closing quota
tons of Saturday, with sales Of $4,000. There wa:
an evident scarcity of stock in the leading fancies
among the brokers, and, although operations fol-
the day lacked vigor it seemed quite apparent that
further depression could not be easily established
Nor was there any inclination to extend lines on the
part of the short interest but rather disposition SC
far as transactions at the Board illustrated the matter
10 take in stock and close up all profitable contracts
Items favorable TO further advance in stocks appear
to multiply with extraordinary rapidty, and although
the advances already established seem approxlmating
TO dangerous points OF initiation in some Of the " old
line fancies OF the market there is certainly stimulus
enough in the overhowing Golfers OF the banks and 10
the continued heaping up OF unproductve capita
to bring on another and perhaps more violent
stage OF the speculative fever. Never peThap;
| in the financial history of the country have
the features Of the money market presented an aspect
90 uniformly in favor Of continued abundance anc
while this singular and unhealthy state Of things lasts
there must naturally follow wild and mpusive move
Inents in the .speculatiye field, not only embracing
HNeks' Out every description Of merchandise, which
seems 10 be attractive and convenient for operations
that character. We do not discuss intrinsic values
under such cucumstances-t is but time lost for tn,
| popular inquiry Is not as 10 the worth and merit o
s'ock' but whether OF not it is likely TO rse 1t is
no aval TO argue against . whirlwipd. The CLOSING
| bids were, for New-fork Central 92s; Rock Island
81 Toledo, E4i Michigan Southern. 26I: Michigan
Southern Preferred, os Hudson River, 81; Ere 3Ol
i Panama. 1851; Cumberland 81 kc