New-York daily tribune., 1858-12-28
MONDAY, Dec. 27-P. N.


The Stock market to-day, in opening transactions,
exhibited much frmness, and the improved feeling
continued until the Western stocks were reached,
when the buoyancy was in measure lost. The
movement was resisted by two three Leading bears,
but without much vgor, their options being taken
with considerable freedom. An unusual proportion of
the transactions for cash or regular acceDtances
The commission houses appeared to have an increased
amount of orders to buy but the increase was not i'm
portan The public seldom come INTO buyfreely upon
speculative movement unless it has beensustained for
some time A rise of 5 y cent s greater temptation
than fall of 10 y cent. The market at the opening
received an impetus from the rnness and activity in
State Stocks, which largely taken by prominent
operator at advancing rates. New York Central was
quite scve, the sales being 900 shares, the market
touching S4i. Cash stock was scarce. The shorts
were buying freely. Reading was also active and well
sustained the difference between sellers options and
regular being less than has ruled of late. There was
strong, although not very sctive, movement in the
two issues Of Harlem. The old stock advanced TO l2I
and the Preferred to 3l; The amcabe settle
meut of the difficulties between this Company
and the Murray Hill interest, by which
the location of steam power at Forty street is
secured for 80 years and the right obtained to run City
cars to Central Park has brought in buyers who be-
eve that tins road will prove ts capacity TO earn
dividends upon its Preferred stock and before many
years upon the common stock. During the past unss.
yorable Elk months, the net earnings were within
$40 600 of the Preferred stock dividend. Psnams was
in large demand, and opening at l22i sold pto l23l
at tie Second Board. The seizure of the Hermann a.
San Francisco may have had something TO do with
this activity but the purchases were mainly induced
| by the growing confidence in the proftabeness
| Of this route. Pacific Mail synpathized and
advaroed to 81. The abstract of the Michigan
Central report, which we published this morning. had
| unfsvorable effect upon the stock, which was
offered ON sellers options, aud declined in the face of
rising market Eighth-AveDus Railroad sold at li2
| and all the avenue roads were firm. For the Sixth
Avenue l22 bid, and for the Second Avenue 1922!
with none offered below los. At the Second Board
the market was generally strong at the opening, but
fell OF toward the close The sales OF Mssours were
very large, reaching 100000, making for the
| dsy nearly $95O,000. and the market advanced
| 10 90l. Other State stocks were also very firm.
Nirginas sold OF 90; Cafornias at g. and at private
sale several lots Of North Carolinas at par. The
market for New-York Central touchsd Sii, notwith-
standing rumor that the December receipts were
$00, 600 behind December, 1857. Harlem Preferred
| advanced TO 32l bid; Panama 10 1881, and Pacific
Msil TO 9l. Michigan Central continued to feel the
unisvorsble Interpretation Of the report and fell off
to 5ll. The Western shares generally were heavy
After the regular session. the quotations for the fsnces
were feebly sustained and some of the Improvement
of the Gay lost. The closing prices were Tennes
see 6s 94I G94i; Missouri 6s, 9Oi asOl; Virginia 6s
% a99i; Caution Co., l9i 92O Delaware and Hudson
Csnal Co., sd9sI Pennsylvanis Coal Co.. 81 ssli;
Cumberland Coal Co., l9l Q2l; NeT-York Centeal
Railroad, SASH Ere Railroad EdEi; Harlem
Railroad III ql3; Hudson River railroad Si dSi;
Reading Railroad, 81 d52l; Michigan Central Rsii-
road, 81 5l4 Michigan Southern ami Northern In
diana Railrosd, 2oi d2os; 10. Preferred IS ISL
Par ana Railroad, 1871 l23, Illinois Central Rail
road 66t a 67; Galens and Chicago Railroad IA
IA: Cleveland and Toledo Rsilr )sd, 81 81 Chlcs
90 and Rock Island Railroad, % a59I; Milwaukee
and Mississippi Rsilroai, l2l LIS Crosse and Nil
waukee Railroad, y a3; Illinois Central Y cent
Bonds 1875, s7ieSs; Pacific Nal Steamship Co.,
9la9It
The foreign Exchange market opens dull for the
Boston steamer. The supply of bills is limited and the
demand equally 20. There is no noticeable change N