New-York daily tribune., 1858-10-30
AUCTION SlIIS.
FEuDAY, Oct. 2-P. VI.


Prices preserved downward tendency through the
day majority Of the bulls having for the moment
wit Jrawn their support from the market, aud many
havtag avaled of the recent activity to realize tue
handsome profits established by the advance Of the
a,t fortnight. The policy of some of these operators,
forekeeing the temporary decline of the Market has
beer to sell out for the chance of replacing at Dwer
prc,y; and the reaction has in fast been quietly rs
sstej by majority Of both parties at the Board. Tne
msise thus left entirely to the support Of outside buy
e,s Gas slowly yielded to large pressure of stock;
but rbere has been at the same time toerably con-
clusSe evidence of strength in tbe facility with which
the various stocks have been absorbed New
YorI' Central for example, with sales of about
s.COs shares during the day, underw ant de-
clips. from opening prices of about ! y cent,
and at the close of the day had mgained
ept Of the fall Reading, also with saes OF 5SOO
sbass closes slightly better than at the start, and
thgh the list with but three four exceptions, the
samt ndicatioDs of elasticity and recuperave power
hayy been developed. These facts serve to confirm
the views generally expressed in the street, viz that
the ecine of day or two past is point OF hesitation
in Se speculative market, and not OF elimination
Omlof the most noticeable features of the day the
breys in the prices Of Missouri aud Virginia State
Stnss. both of which went down to T. cent, though
favirabe influence upon the whole market. The
smfnt Of business transacted at the First Board was
vert large, especially in leading Railway shares.
Reifg held IFS own abou. well any st ,ck dealt
in Dough slightly lower than at the close of yesterday
The .uppo,t which this favorite fancy receives
iron, Boston and Philadelphia gives it an ad.
vantage over most of the speculative cards of the
day. Toledo fell OF than the majority of the
sto as quoted, closing at 33l at the Second Board
with fair degree Of activity. Gaena suffered the
mos. decided decline, dropping to 81 at the First
b, ard and to 70. in the afternoon This result was
accelerated by reports of small earnings, partly figured
ont in anticipation. The estimate of one OF the even
ing papers which appears at first sight quite uniavor-
able is deprived of its sight from the inaceuracy OF
the statement a. TO some of the actual earniogsthOe
of September, for example, having been Si6l 600 by
the oicia report instead of $50 Geo. Is in the state
me,t alluded to. This leads to the suspicion that the
estimates for October and November may also be in-
correct Illinois Central opened at Sc, but was unex'
peo,edly in good demand, and before the call closed
was I'D again TO 81. II is stated in Illinois that this
Company intends TO apply to the Legislature for re-
lease from the State tax of y cent per annum
on lis receipts. Michigan Central declined ],
but was steady at the close. Michigan Southern va
and Preferred Shares were both lower in sympathy
With the general MARKET put
able Srmpess in closing transactions. Rock Island
sold down TO O. l. but in toeraby good request at
the quotation and finally improved before the cal
sea-d. Uudson River went down to 80 in the morn
inc and to 32l in the afternoon but was not largely
dealt in AT either Board Harlem was toleraby steady
tbroush the day, showing a decline of Z cent Inc
second Injunction placed upon the Common Council
WAS removed to day, and that body is now at liberty
4 rem, ai the or finance which prevents the Company
from running by steam power below forty-second
.,,,et in agreement with the Board of Aldermen. In
,be afternoon the market was upon the ave' age about
~ cent lower, with one or two exceptions already
stated and the feeling upon the whole that oi
benviness Afer the adournnt Mt there was slightly
increased disposition to buy and quotations for soveal
.,ocks were fraction better Tie closing prices we.e
6or New.York Central, 5sas5}; Ene, los 4i6I;
a,.sdiDg. 52la32s; Hudson River, 32l c S2l; Mich-
can Central, 5{ a57l; Michigan Southern, 2S5 @si'
Preferred, 53ls53l: Panama, l2Osl2i; llioois Cen
Ira, ssas6l; GsleDa S0i ae0l Rock Island. ol ia
e7a, Pacific Mail, I04s 9lO5 Harlem, i2i sl2t; Can
ton. alIa2Il; Pennsylvania Goal, 79eso; Cumver'
land. isaI9i; Toledo, 3i93il; Missouri os' 1i"
so. y,ruipiss. 952 096; Tennessees, eil esfS.
The supply Of commercial bills for the steamer TO-
hes been in excess of the demand, even AZ re-
an.eA rates and considerable amount are lett over
The, are peaIy all cotton bills. The transactions
h.ve heen Moderate to-day. Commercial bills have
been sod Of gesJ character at ss'A. 0s'S sigma