New-York daily tribune., 1858-03-22
SATURDAY, March 20-P. N.

We have again 10 report heavy and declining mar
ke for stocks with quite large business at both the
First and Second Boards. The news by the European
steamer did not seem to be fsvorably interpreted by
stock operators, and before the Board stocks were
quoted at eighty lower prices than at the close OF
business yesterday and at the opening Of the Board
there seemed to be large supply of most OF the lead
ing fancies and will be by the published quo
tatiops prices generally receded from the opening TO
the close of business at the first session The quota
ton for La Crosse stock, which for long time past
has been stereotyped varying scarcely 1th = cent,
was materially changed and under sales OF only about
four hundred shares decline Of two per cent from
openirg saes was established The transfer books Of
this Company closed to-day for the annual cleo
-. and will not reopen for over month. The
n,pcipal oLject Of some Of the sellers Of
the stock to-day seemed to be to get rid OF
il at almost any price, rather than hold during the
time of the closing of the transfer books. In hu~au-
kee and Mississippi the transactions were small and al
a decline of about = cent from previous quotations.
and stock was freely offered at the close ct the ca
with no apparent disposition on the part OF any one 10
sustain il. The movement in New-iork CenuSs was
oue an active one and the stock opened at decline
Of about cent from the closing prices Of yesterday,
but the quantity Of stock pressing for sale speedily
forced the price down from to = cent just al the
close Of the call attempt was made to rally IT. winch
was partially successful, and 1t closed in quite active
demand at about 9OS after having sold at W. Enc,
before the Board sold in the street at from s to Isl
but at the Board the first bid Of % for 100 shares was
accepted, and was followed by sales of nearly 900
| shares. After these sales It quickly receded,
and closed heavy at about pa. The accounts from
London BY the Arabia in regard TO the success Of Mr..
Moran are contradictory. Hudson River opened at
decline Of about y cent, but al active demand for
the stock part Of which was from the shorts served
to advance the price sbeut Y cent and 1t closed
quite steadily at about 2Si. In Harlem the Iansso-
tons were very unlnportant, at decline OF about
/ Y cent from last sales. Reading was one OF the
heaviest stocks on the list and for time at least,
seemed to have lost all its friends. II was very freely
supplied at decline OF from to y cent from pre-
yious quotations. There appears to be quite large
short interest in this stock and the efforts Of the
bears together with the fact that the busi-
ness of the road is unfavorsbe, has doubtless
shaken the faith OF some parties who have
bought for rse but who now to prefer selling at
the best price rather than running the risk OF holding
longer. Michigan Central was very heavy and de-
clined about cent The operators in this stock are
not numerous Ii go closely held never to be very
ally because of the difficulty Of obtaining large
quantity Of stock without sterialy advancing prices
Thus happened tha, in market Ike the one to-day,
when there is general disposition to sell stocks, while
for most Of the leading fancies there is steady and
strong demand from the shorts, who frequently
rest decline and turn the market for this stock there
are generally but few orders and those principally for
investment. The operations in Michigan Southern
were quite large at decline Of about q cent, and
the pree OF the preferred stock experienced the same
decline. These were the heaviest stocks upon the list
The report of this Company will be ready in few
days and WILL we understand, show the floating debt
at about 100000 about $500, 900 having been ar
ranged since the last statement Panama seems to be
an exception TO the rest Of the rarosd stocks on the
st and was remarkably steady and at the close of the
call the price was the same as yesterday This stock
| seems to be remarkably well held. Illinois Central
WAS dull and lower, and al the close of the call there
VIC, sOme disposition TO put out sellers option, 20
] ssIsAGssN s1;.Sa Tie Pres Vf ~ 1osk " ,lis