New-York daily tribune., 1858-03-04
COMNERCIAL MATTERS.
WEpNl sDAY, March 3-P. ".

There il Continued activity al the Stock Exchange,
AID nearly "a much vigor IN the movements, though
not quite openly displayed since the decided advance
Of Monday Sound dvidend-payiug securities are be-
ccming more scarce, under a demand growing larger
daily, aLd prices sdyunce in corresponding ratio.
State securities are in fair request, and firm; Cali
forna Is especially to be attracting attention, and
advanced T. cent at the flint Board. Missouri 6s are
steady but slightly lower. We notice sales OF Chicago
Is at 9S and the is in demand at ~ to 81. The
aggregate amount Of business in Bond securities was
not large at the Boari-the shares which como first on
tie list, and which more popular for speculative
purposes absorbing large share OF the time. ou''
side transactions, however are very important. At
the first Board the share dealings were most important
in New.York Central, Erie, and Rock Island
all however except the last named, at slight conees-
zion in prices compared with closing quotations OF
yesterday. The movement in Rock Island ls very
strong and the advpuce is sustained with steadier
band than hitherto rumor prevaiisnthe street that
the April dyiderd will be paid but We have not been
able to trace the report to an authentic source. 10
ledo wss buoysn; and active at an Improvement
Hudson River wss better also, and closed quite nfm.
Canton advanced to 25 with considerable activity, and
Cary Improvement was in demand at =, but very
scarce. Chelsea City of which the Cary village is
payt is increasing rapidly from the overflow OF Boston,
hS gain being over 2O0 in 1857. The assets Of this
Company over and above every Liability, and indepen-
dent of its landed property foot up an amount equal
to more than g share on the stock. Illinois Cen
tral was heavy at 90 aud still lower attcrward. Mich
igsn Central was steady at 49, In the afternoon the
turn of the market again in favor OF the
bull ntercet-mo of the leading stocks partially re-
covering from the slight decline of the morning. and
,uith iisnOatOn TO DuV
stock. The latest prices given in the Street were for
New-York Central 93s; Erie 3ia3if; Hudson River
36i &c.; Reading Ga 6is; Michigan Southern 32
S2i: Toledo 5ltd5i} Rock Island 49, dsSi;
Michigan Central Az Galena 93I 93l; Panama 1867,
&C. There are no signs of weakness i'll the general
market and for all we can see to the contrary the
fever buns as ercely III speculative way as at any
time since the revival of activity in Wall street. Nor
is it likely to be efectually checked until the idle
money which stimulates ls scattered and en-
ployed in legitimate trade. In point Of fact,
speculation, or gambling, whatever it may
he termed, is far more likely 10 spread into
wider circles which shal include VARIOUS descnc.
ons Of merchandise than to como to stop at time
when people puzzled as to the best method of
rloyng the large amount Of surplus money on hand.
And may not be out Of place here TO observe that if
t may also with quite much force and proprety be
made applicable TO dealings in ths Cotton market, on
the Corn Exchange, in Sugar. Copper, Coffee &c.,
for in of these articles there has been, and is,
quite as much gambling or speculation as in Stocks,
though not made 20 openly to the public The true
course of legislation upon this subject Is to legalzs
time transactions in Stocks but to place such restIic
tons upon stock transactions have been recently
proposed is to hamper the public with odious and
oppressive tax.
In Exchange there is nothing Of Importance doing,
and rates are heavy.
Freights are essentially unchanged. To Liverpool,
the engagements are IS 001 busb Grain at ID. in bulk,
and 3D. in ships bsgs; 0l0 bush. Corn per steamer
at SD. bags; % bales Island Cotton at 3s l6d
20 boxes Bacon at Us Gd go bba. Rosin at 2s. ~
uns Fusc at ls. To London 20 tee. Beet at is. 3D.
800 bbs Rosn a. 2s. 3d. 70 boxes Of 100 lbs each Of
Tobacco at "a. To Bremen, 20 hhds Sugar at LIS. 3D.
% eases Tobacco at l's Cd. schooner OF 2i7 tuns
with Live Oak from Attakspes; fto Norfolk and Pha-
dephia at 35c., and If to Boston and Portsmouth at
4Cc. An American brig now at Boston to load at Darien,
Georgia for Amsterdam, with Yellow Pine at SO.
Two bngs for the South.side of Cuba and back with
Sugar at Sic, and Molasses at -. The schooner
Central America to port in the Mediterranean on pri-
yats terms.
The business of the Sub Treasury was: Receipts,
$56,O29 s9-from Customs $4,000; Payments, s2s,.
4l6 60; Balance, $3,l5l, ,5sl SO.
The Treasury Notes paid in for duties yesterday,
were gel eco.
The earnings Of the Michigan Central Road for the
third week Of February 1853, were:
1SJS 1857.
PssspRers..............SIl II 500 n Sl6,f0f u
Frislt t......,.....,... IjiS IL 1886, oj
rtaI ........S SS 3e2 81 S87S %