New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-04-14
SALES AT AUCTION y,
TUESDAY. oril 1872. VI

Stocks seemed TO sympathize with the weather To-
day and were rather dull and heavy at both SESSIONS
of the Stock Exchange Taking transactions all TO-
gether the reaction has been more than natural
rebound from weeks movement in rising direction,
and can scarcely be considered as any far indication
OF change in the current offpeculaton but must De
looked upon rather Of the eddies always to De
noticed in times Of activity The particular point OF
attack to-day was the stock Of the Enc Railroad CON-
pa1y which frem % at the First Board was hammered
down on sellers options to 231, with large sass.
Eew.YoIk Central vas quite steady, ranging rom 'a
qs71 during the call, without particular &C.
tivity. Hudson River from 3O4 declined to 2'3'
but was q fraction better at the close of
the second call. Reading was comparatively firm
for cash stock but was pressed freely on sellers
optjops at larger differences than usual. Mchig IN
Southern common stock one OF the frmest on the
list closing steady on the second call, at 2ia Toledo
d,clifed | 4, cent, and was rather weak, some Of
Tie large holders having, it lie reported sold rather
free,v within day or tgo. Rock Island was toeraby
active ard touched for the cash stock but, at this
nojpt the buyers mustered in good strength and but
;tte imtression was made the market Gitsr~ard.
Gel.ra was dull, but steady at 60. Panama sold to
but moderate extent, buyers reIeating az the sIock
wss of.r red for sale; the quotations show decline OF
a. cent Pennsylvania Coal Company was better, but
not active, the quotations ranging up 10 h-' Inc
business Of this Company s, We hear, IN iaVo'aoie
condition. and negotiations are Oh ioot WIN Tue Lscha
wanna Railroad Company, by which portion OF tue
coal mined By the Pennsylvania Company viii
come TO market over that road instead OF by the Della
ware aud Hudson Canal, az at present. Gary lm-
proyement wac 10 fair demand on time, and shows
small improvement. We notice GALES OF Nicaragua
Tra1st Company a. for an odd o;, in the morning.
and at 81 for 80 shares i'll tie al ernoon-a discrepancy
which appears somewhat remarkable, but which is
attributable only 10 the difficulty OF executing an order
for petty lots. The quotation OF -, which may be
called the price Of the day, is al advance OF "a
share over previous sales at auction. Ihe buyers
speculate no doubt upon the chances OF reopenng OF
the Transit route. Between the Boards business was
not large but outside Spectators caught the dropping
tone of the market and brought the guerrilla forces to
bear il the direction, and the consequence was
tina. At the opening of the Second Board lower prices
had been established for most of the leading stocks
The amount of business transacted at the session was
not important and quotations show rather an irregular
or TO use popular stock phrase, ragged market"
Reading and Rock Island were firm at the morning
prices. Michigan Southern common and preferred
stocks were little better and upon the whole frmer
while for Ene, New.York Central Toledo and Galens
ouotstons were fraction lower. The Bond move
me1t was 70 fair extent during the day, with rather
better demand for some Of the State and City securi
ties Railway Bonds steady with the ex-
cep,op of Is Crosse Land Grants, which fell
OF fraction with sales OF So 600. After the ad-
ournnent Of the Second Board, the market held its
own yeiy firmly, except for Erie, which underwent
several fluctuations selling at one time down as low as
e and finally raying again to 23 at which prices sales
were made at the cose. Under al the crcums. snces,
taking into consideration the stormy weather aud the
natural tendency of the market TO react after week
continuous nse to say nothing oi the efforts OF the
short interest TO take advantage OF this condition OF
hpps-the market has shown more strength and SUE
taiping power than might have been Anticipated Inc
only stock III point Of fact, upon winch any ms'era
upression has been made is Erie and eventual showed
symptoms of recovery in later transactions u the day'
| The bulls have made but little effort to stem the cur
opposition aud movements OF the day are con-
sequeDtly very fair test of pubic sentiment as 70 the
course Of the market. The closing bids 10 the street
| were for Eie, 23I New.York Central, O. /; keailng
| a. Michigan Southern, 24l; Reading, isI; Toledo
AT; Cumberland Is; Hudson River, 29i; Rock Island
| 74ii Galens, S9l, &c
The Money market is unvaried az 10 discount rates
ID the street. and the supply of capita quite as aoun
dant as at any time recently noted. The range on ur
exceptorab!e paper continues at from ) 10 y cent
and the applications very limited. Call loans are
proflered freely to stock houses at from to T. cent
bat large majority of the best houses are lenders in
stead Of borrowers, and it lie with great difficulty that
large sums DOW lying unproductve can lie employed
| a, even the minimum rates quoted. No anxiety need
be expressed as to the danger of expansion by the
banks On stock loans the facts showing copclusivey
that borrowers such securities have no occasion to
l.