New-York daily tribune., 1858-12-09
COMMERCIAL MATTERS.

WEDNESDAY, Dec. S-P. v.
Tire tore Of the Stock Market day tame AMI
sprtless for large proportion Of the Stocks on our
hst AID the tendeny Of prices for the DAY ssatly
toward decline, with but one or two exceptions Al
the reduced Qnota'ions hOseyer, there very hrn
aud steady market, and later in the day moderate
rally was established, and the market closed quite
strong, thoug not active. The War Message hsy-
ing been du canvas:ed, the bears have bot hte Of
jscoursg character talk sboutexcept the debates
in Congress, and these counted upon a. certain to
ada 10 the III easine-s which may have been alresiy
excited. The most prominent feature OF the
Fust Board was TIE large ard spirited move
ment in Pacific Mail. which, after touching 81
on sellers options, was in very active demand,
and wert up TO 90,, from which point, however, the
quotation fell Oft agsn to S9 at the Close. The sales
embraced 1890 shares an unusually large business ior
this stock at one session of the Boad. We hear of
fresn items of intelligence in regard to the stock. Tho
truth Of the rumor to which We alloied soma days
since, Of difficulties with Mr.. Vanderbilt, is
denied by the friends of the Comp,uy. New
York Central fell of fraction, and rather mac
tive in the morning, but fully recovered tue decline 10
the afternoon and closed firm at s3. Tho report is
considered favorable the according to the
inters of the reviewer The only suggestion against
it which seems worthy of aoy notice " the charge OF
$2l6,7C2 to construction account which appears TO
have been expended mainly in freight csrs, engine AMI
car.houses, machine shops, &c. The tun Of 3d. 10
expended in the construction OF the Lewiston Rail
road Company also constitutes a portion OF the
amount, With the exception of this las. item, il is
certainly objectionable whether the charges not
properly pant OF the expenses of the year We know
Of no good ason why an old and well estao ahed rail-
way like the New York Central should not follow the
example Of many other welluanagci roads and close
that great absober Of extra expenses tho construction
sccouLt. SO long rs it rerasins open, anording an
opportunity Of covering up deficiencies net earnings,
however slight, stockholders scarcely able to form
sn accurate opinion Of their property. Renewals aai
additions to equipment subjected they TO go much
wear and tear and depreciation, should no be
charged 10 construction than renewals OF iron aud
sleepers. The item in this case Is not OF gres'
mpOrtance but such charges lead to the suspicion thst
the construction account has been used conveleat
agent for bringing up the net earniog. 70 plump y
cett Business was not large in the Western shares,
but most Of the stocks firm after slight decline,
ard in the Afternoon generally up again to open
irg prices. At the Second Board. Reading was in
active demand ard the market had improving tOre
for msorty Of the Stocks quoted and after the al
oulnment prices were still better. The Bond sales OF
IT. day to fair extent, ard prices werc 10 most
instances, firm. Virginia Gs advanced 70 y, and were
in good demand. S-souris were steady at G. os9i.
The coring prices were: For New-York Central,
S3j Z s3i; Erie, l7IaEl; Hudson RIVER 3l a0i;
Reading, 5li a5ls Michigan Central, 52l a 523 M!ch-
igsn S,uhern, 2lla2lii Preferred DO, jli ajll;
Panama, ll9i a ll9l; IlnoH Central, ~ dij3 G,-
lena, 73l a'3s Rock I-land, O., e62!i Toledo, 3ii9
3li; Pacific Mail, 90l a9ol; Missouri G-, SO aS9 &c.
TIE foreign bill market is quiet, but stosiy. ster-
ling is 1881 1923. France, jI53 a5.i3i.
Freigh,s rather irmer; there very few ves-
-els in BERTH To Liverpool 800 bbls. Flour at H..
3d. l50 tee. Beef at Be- Gi. 80 bbL. Pork at - 81.
To Antwerp 500 bbs. Spirits private terms; the
Lonina rate is 4c. gall; accidentally few
days tce ~ London. To Bremen: $50 bbIs. R)sia 8,
e. I'd. To Rotterdam: 20 hhds. Tobacco at 2s. ii.
schooner with Luulber from Pen .acoa 10 north side
Of Cuba at $40 80; q brg from Pnsdelphis 70 Cal
weston at = b. tun. vessel ~ Frankfort with Flour
at &c.
The business Of the Sub-Treasury was: Receipts,
$6l, ,j2l 56-for Customs, sGl 00Oi Psyneats, 49,
t3s,52 Balance, sG,0il 9is 10.
Tie Cleveland, Psinesville and Ashtabula Railroad
Company have declared sdividend Of Y ceLt f1r biz
mortts erdiI the let Of January next, payable 81
the Office Of the Company in Cleveland, on snd after
that day, by checks New York al par. Mr. Msthas
Clark has been elected President Of the Peoples
Fiie Insurance Company wee Dir. Richard Varick,
decessed. The steamer to-day took slS, 600 in gold
bars. Some further puTchs,es for shipment have been
made bu, it is uncertain wher the lots will be ssnt
forward. Tie Manufacturer Cloth Hal has been
moved to the Marble Building Noe la5 and i37 Broad
way. The mar ufecturers have 0socisted With them
u large capital, which will enable them 10 test
the Epglsh plan Of distributing Manufactured good.
T. BondiI ot Colt, esq., a prominent manufacturer,
IL President of the Association. Albert ii. Nio,lsys
regular daily auction sale of stocks and bonds vii take
place to norow Thursday, at III O'Clock, at the
Merchants Exchange. variety Of securities VIII be
offered.
The business of the Illinois Central RHlrrocd for
November, 1853, wa:
DEPARTMENT. -.
Acres ConstructiOn Lsncs sold. IlbIl pf e-fr "
Acrrs irtesss Fund Ian sod........ fof ..:.
Acre Fiee Lads sod. d............... foU TOT 'ol "
Ts.s ss.es dariSs As uloa,s..."...aeo" " sr e"'~s