New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-09-22

AUCTION saLES.
III. !. ~ HuU If.f-ar.-f D
TUESDAY,, Sept. 2l-P. NJ.

Tie movement at the Stock Board CONTINUES 10 b.
amos, exclusively confined to street operators. Tire
business Of the commission houses is of retail cha
racter and the bulls are obliged to fight their battle.
without the aid of the public. This aid is every day
likely to be- extended as the business OF the country at
large improving and other and legitimate
for capital is found than stock gambling. II
cannot be denied also tina; the impression is
still very general that the quotations for reil-
road shares are sustained by the operations Of the
street at points above their intrinsic value The public
has not vet recovered from the shock to confidence
given by the suspensions Of dividends and great educ-
ton of earnings OF the past twelve months,
fine most popular routes. The infamous plunderng
and mismanageInent in many has largely added
TO the feeling of disrust with which nearly all railroad
securities are looked upon, and it viii be many
wears before they have the currency they
once had For these rensons. among others,
and the fact that tie business in railroad securities
forms the bulk of the transactions the Board il
hardly be- expected that any strong stock speculation
for the rise such as has been frequently in Wal
street. would receive any important outside impulse.
Tie market must continue FOR the preseLi to be
or three e cent market operated upon mainly by tie
SPECULATIVE members Of the Stock Board. There was
considerable buying to-day to cover shorts, but tue
bears showed willingness 20 put the stock out again
their options at the usual difference. The market was
heavy before the opening, Rock Island selling a. Coz
and Central at ~. AAeg the opening, some Of tie
shorts being the principal buyers, the market became
frmer. tie bulls bidding with spirit without buy-
inc mnch stock Rock Island continues TO be the prn-
c;nal object Of attention OF the bears but improved
y cent on opening sales. New-York Central was
olso trrne- at the close. Reading well sustained
The bear operations Of last Friday in this stock
does not We, look very promising, Enc remains quite
stead. is evident that either the street ha, 10 conf
dence in the settlement of the questions in dispute be-
tween this Company and the CeatEal, that settle
ment is Lot looked upoo likely to operate avorably
pnon the fortune. Of tie road. Al the Second Board
the foreign news had tirs favorable influence and
the market opened with some irmsess- At the close
however. II was dull and heavy. The closing prices
do not vary much from those of yesterday. They are:
Ere. l7ai: Central, 77is7s Southern 23l a.; Toe-
do 80 S3i Hudson River p a27l; Rock Island, %,
s67; GaIena, 81 1884; Pacific Mail, es! a !; Pana-
ma ll3eI3l; Michigan Central, 53ls,; Missouri,
ssI9!.
There has only been moderate business in foreign
bills for the present steamer, the high rates demanded
for Sterling having checked operations. The supply
of outside bills was quite moderate Al the close quo
taiions were scarcely sustained. Sterling is 1925 10
ilcl for leading biIs Francs, 5l3S5l?i.