New-York daily tribune., 1858-10-28
COMMERCIAL MATTERS.

NfD>ysDAY, Oct Up. u.
Ther. was quite a. much activity and life in the
St-ck market to-day for several day, past bat the
Slight hesitation noticed at the close Of yesterday had
prepared operators to expect at least temporary ~
ncuon ard tnerc was strong inclination 70 scll for
the chance Of replacing at lower hgures IA natural
Consequence price. fell of from 20 T. cent all
roano It the First Boar and nearly in the same ratio
At tie srconj. There was, toweycr, strong Hnder
current Of finness in the transactions, and nohiog
during the whole day indicated than
a partial and very healthy check to q gen
eraly rising mari It. The popular sentiment,
both outside aud inside of the Board, continues
strongly in favor Of speculation FOR odNeuooi and
whatever difference of opinion may be entertained as
10 basis upon which the improve ment Is founded
there Is but little any question as to the actual tend
ency Of the market. There l., in fact more general
anc more powerful support from outside parties IN the
prezet stock ctt than We have had at any time
since Z pauic months Of 1851, and the commission
brokers have had full employment in the execu-
tion OF orders II il q fact worthy of COM
ueut, also that the upward movement has re-
ee.yed .carcc'y any Of the clique support which gave
tie rise oe lat Winter its nprins and strength. II
i cou,equcDty rot 20 IN ich liable TO be suddenly
changed by the uulosdiug o, blocks Of stock, and
throrc may main ain greater tea eadiness IL the d!rec
,ion Of improvement. Meantime Que preends TO
a,gue that a. q general thiog stocks have deve oped
any gIedter intrinsic value than Il month suce,
although IN particular instances encouraging features
ar roticeabe. The only real If this change in
public sediment is to be found in tho absolute
sbpndsrce Of money, and the continued If
10, increased difficulty Of employing it in orl-
rmy charuels proftasy. Reason OF IT, unsoundns's
q. We may il Is neyehel4ss the fact that most OF tho
81 ell linn
lated more by this one cause than anything el-e and
hence i- not much matter OF wonder that the
stock marx ket row feels the impulses Of a strong specu
lativo feeling ~ that il should have kept quiet 80
long under al almost unexampled plethora Of money.
Tie tran actions Of the morning. Board were tolera
b'y well distributed through the lit, but were
,-uecauy large in New.York Central and Real!
ng which for the time to be the
leading stock. Of tie market. The former
settled down to Sci yielding slowly and finally closing
On the cal! quite steady The latter touched 52l,
decline Of B. cent but al-o quite firm at the
lowest fgures established. Iindson River fell or y
celt, but LlsO developed snb-tratnm OF irnness at
thu yuut sBd in far demand at J!. The rise in
ths ock hn- been quite rapid, aud the effect has been
10 bring scattering parcels Of stsck nto the MARKET
but generally i is Sc held. In Har EN- old ani Pre-
ferrcd Michigan Southern and Michigan Central,
the TIA factions were net large, but IN
efch stock decue Of from TO v cent
Wa established. Iino. Cettral opened at s., seller
sixy but was in good demand and went up agag 70
- for regular and tire stock though little dull at
the co.c. GGl.ua aud Rock Island were both toera-
by active :, mCterete decline.he former eSiciaUy
IA, wing good degree Of stesiiuess. hI"auhee ana
N-sp ppi a.yanced b. H. with about toe usual 6usI-
re-e Ihg Boud market has scarcely felt the re:c,ion
Lo.Csd OF the share list aud Is strongly main
te:red throughcu,-the quciato--, where any
char ge at all = quoted, showing, IN iac', q
EMAIL sdyGn,e ov'r prices carreLt yesterday
tat the o-"a. bulk OF the
rh.i p attributed TO tic ;:cI - .
purchases for more permanent holding than those
included u the share transactions. Tie GALES OF Ms
sour e alone foot up aggregate OF so 900 al from
2. to 9ei. AZ the Second Board the quotations were
It'll lower than at the orung sesor. but at the c!oee
aId after the sfourr ueLt the tide seemed to 30 turn
irg again, and later in the day prices had recovered
sideI6bly from The lowest points of the day. Ihe
closing prices were fcr New-York Central, 80, doi
Erie. l. ell; Hudson River, 33i 33i Reading, -
a53; Michigan Certral. 50 eJ9t; Michigan soutIsrn'
2ls a2i,; Preferred do 81; Galens s2i a g; .ocA
IsleDj. 6s es; Toledo, IS, 81; Illinois Centi"''
s7i -; Panama, l2l a l22; Missouri 6s, 'oI ~.
The Foreign Exchange market closed rather aui lo'
the steamer 1924 l09; for sterling bankers o''
and iCsi O7, for commercial sgnatare-. Inc AM
os took out $399 ,3ij, nosiy IN California oNs'
Fr,isL,- are steady. To Liyerio"l, iu,''V oush.
Grain at sd; lOo bales Cotton Q. 5-o e'-S'd' ~"