New-York daily tribune., 1858-03-18
COMMERCIAL MA7TERS
WypsssDAf March i1-r. n.

extensive ecA4e To- day, but 6tOr the opening o.
buriness in the morning became sppaent that the
market bad declining tendency TIE bears muster in
considerable force and have gained enough in courage
sai influence make their opposition fel, the Boar
The demonstrations this morning werv more decided
than at any time eince the market commeuced its
upward movement ard the effect IVES more percepti.
be. Meanwhile the recent supporters Of the market
to have no inclination to check the decline aud
thus left othe scattering orders o: outsders, who begin
TO hesitate at the continued decline the market stag
g,Ss urjer each fresh attack For several days past
II hss appeared ss If speculation mus, again
run wild. with ouch favorable money accounts
70 nurse it, ard each rally appeared likely TO
grow in vigor and importance; but the result.
justify the conclusion ths. leading operators
have desired rather to sustain prices in order to unload
at better quotations. aud possibly to obtain an interest
in the other direction before allowing material depns
sion to ensue. So far as the movements OF leading
operators indicate the fact the most important inr
ence. at the Board are temporarily unavorabe to sd
vance and therefore negatively favorable to the pres
ent decLe. Thst this is opposed the Money market
and to nearly everything which generally contributes
to buoy ancy and activity in Stocks is evident but that
reaction in the fancies after continued and important
rsn for period of three four months is rather
ed has been of fictitious and unreliable charac-
ter, based partly upon an improved condition
in the finances of the different concerns, but
manly upon the palpable abundance of money
snd the probabilities of speculative movements grow
ing out of that plethora Is consequently less Diff
cult to turn tee for time, whenthe realization
of large operations throws large supply of stock into
the market, and when the margin for q decline seems
Al. - hut
the episodes of speculation, and fair criterion Of its
general tendency. The elements of further improve
ment still exist in strong form, and It's scarcely possible
TO put an effectua " wet blanket upon the market
until money matters show more activity, and less posi-
tive superabundance in the supply OF unproductive
capital At the fret Board large business was trans
acted the prominent ancies nearly all closing at
decline from opening quotations. Erie was in demand
in early sales at 3C 3O... but hammered vigor-
ously BY leading operator on sellers options, and
and after the call offered freely at 3Oi. rumor
current in the street TO the effect that the harmonious
relations heretofore existing between the New-fOrk
Central and this Company likely to be disturbed
gave greater force to the decline but assured
officially that the report is entirely without foundation
Hudson River was subjected to similar attack from
the bear forces and went down to 81 with large sales
and after the Board to 30. The decline has been rs
sisted by report that the road will be- subjected to
unusually sharp competition from line OF first7class
Steamers to be put upon the river soon as navgs-
ton opens. NewYork Central was OF the steadi-
est and fmest stocks on the list, but between the
Boards sold as low as 81. Reading was heavy
at 81, and the stock was offered freely on sellers
options at the close Toledo declined to i6l,
but at this point was supported by some of its
friends and was aiterwsd little stronger. Michigan
Southern both common and preferred stocks, were
lower, but the latter rather inactive. Rock Island
went down 10 80 the market taking considerable stock
at the quotation but finally showing signs of weakness
For Milwaukee aud Mississippi the market was steady
at decline Of ai y cent. Panama sold at lo6, but
was offered at lOj; before the call clessd Michigan
Central more freely supplied than heretofore aud
was heavy at ~. Cumberland was steady at 81.
Pacific Mail Steamship Company was firm. The land
stocks not active but Cary had an improving ten
dency. At the afternoon session prices were still lower
for the leading shares prices for New-fork Central,
Erie, Michigan Central and Rock Island ranging from
lal T. cent under quotations of the morning. At
the cloee, however there was slight improvement,
ahd aiter the "oJou""'1nt the disposition to buy was
stronger. New-York Central especiaify In do
nand and went up to o. though sfterward fraction
the day. The most important transactions were in La
Crose Land Grants, which went up to 39l, with aggre
gate sales to the amount of $4,000. The latest prices
reported in the street were for New-fork Central,
Olga "; Erie, 29l 49,; Reading, 5Sa5sI Michigan
Southern, 25,; Toledo 4G1a47; Rock Island, 78l a
20; Hudson River, 3Ol 30i, &c.
There is nothing Of importance doing in Exchange
today and rates still tend downward. The demand
:, ~
Francs $3.50 5l7.. The steamer Kangaroo leaves
for Liverpool Saturday, and takes the United
States mails.
Freehts very quiet. To Liverpool lSO bales Of
Cotton at 7-32d 800 boxes Bacon at l7s. I'd. $50
bbls Shoe Pegs at s. lOd. To London 30 small hhds.
Tobacco at 20s. ~ Hickory Logs at Us 3D. 10
cubic feet. 100 hhds. Melsda at 25s. IL tuns mea-
surement Goods at lis I'd. To Rotterdam; 80 bales
Cotton at ic To Bremen: $50 hhds. Tobacco at 2js.
~ tups Measurement Goods at DC 800 bbls. Rosn at
3s. $50 bales Cotton on private terms.
The business of the Treasury was: Receipts,
3. 32l l6-s55 600 from Customs; Payments,
$le29lO II; 5000 California Drafts Balance, s5,-
G92, ,jl3 ~.
The payments to-day into the Treasury on account
Of the issue OF Treasury Notes amount to q oOOO
making nearly two and three quarter millions already
paid in. This WILL of cOurse, have It's effect upon the
specie statement of the Banks next week. but the ds
turbance can be but temporary as the needs Of the
Government will force the immediate disbursement of
its funds. The new notes being y cent interest," it is
supposed will sell at to y cent premium. The old
notes are more plenty and are selling at .al cent
discount for Custom House purposes The amount
paid in for duties yesterday was small
The busners Of the Clearing House to-day was
sl5,9i95i4. The Metropolitan certificates are re-
duced to $G5iOOO. The Europa to-day took only
5000 in specie. The auction sale Of Messrs Ben
kard & IIuttons imporstons to-day attracted one OF