New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-05-31
S.ruRpAY, May 80. y.

taosbed for several weeks and for one or TWO
lower han q; any tina sirce tie panic dep'essono
Autumn. The downward move eDt OF the market n"'
been pTeclptated by the bond and energetic en'fe
the beaIs, who, CONSCIOUS Of almost compress ."
eence Of .uiside support, and Of the dIstrusuu' ioee
awakened by the Birth Outrage qnesaon, faVe pun
ont contracts for delivery without hesitation, AM 70 al
extent sufficient oftsef to break down prices oo"e
OF the large holders Of Stock also who have aoer'o
been prominent in sustaining the market-no uouo'
feeling sODe degree OF uneasiness the same Po"''
which provoke ibe attacks Of the bears-haye quietly
cold considerable amount of STOCK, and thus gwen
the depression more permatepcy and strength tnsn
could otherwise have attained during period Oh ~
much absolute monetary abundance. Tie specf
ls,ive chances o. tho market are IN favor
Of reaction from these low heures-not oiiy
as the natLIt consequence OF uhasual and p'rty uh
warranted decline, but a. the result OF oversa'es Oh
short accoun', wh ch always bring about demsnd "
contracts the fret ssns of urn IN the cur
rent. 10 opposition TO this, however, so nsVe Inc
contain. sgiIstion CT toe Ecgasb question WHICH,
however mD:b We may be .rciced TO regard as ms
ter Of no serious Consequence, ID Fill suggestive OF
trouble enough 20 create unessness srd hesitation
Every Del6gerent speech Of excessively pa.rotc
members OF Congress, and every waike editorial which
ennses from he press contributes each 20 inceasetne
Duietude Of the public and the suit Of the continued
sgration lie delay aud inacioD, if lot aain. Whie'
Therefore under oTdiosry circumstances strong rsy
H. the Stock market might be anticipated 70 follow
sndden and severe downfall in prices, spch g. We
have Witnessed daring the last week, 1t is now
a matter Of doubt whether q reaction can be
vigorously sustained until the war coui, when
gives psric makers chance TO work effectively
upon the fears Of the public has been completely dis
persed. Al the First Board there Was considerable
activity under pressure of stock for sale, and IN all oil
the speculative shares there was marked decline az
compared with the closing prices o. Friday Inc most
decided fall was in Cleveland and Toledo, which, under
3 free supply Of stock, went 10 81, bu: was rather
frmer in clOeing saes. The particular weakness of
this stock is accounted for by the alleged sae Of large
)o by Of s recent supporters, which hes tempo
rarity cver-supped the market. Fire. With very mod
crate TRANSACTIONS went down 10 204, and hesvy
Of the quotation. Hudson River, Reading and Mch-
gan Southern declined from 70 T. cent each, but
had particular prominence in the business of the ses
sion. Galens and Rock Island followed in the same
direction and were offered down sellers option at
large differences, but were taken in this way with
more than usual caution. New-York Central was sold
az low as S21 on sellers option, but had more
strength and support in concluding transactions The
tone Of the market during the whole session was that
Of weakness and depression, with scsrcelys symptom
Of resctonsry feeling although for the
demand at the lowest figures given quite animated.
Al the Second Board prices were shade better, and
there was temporarily more active demsnd for New
York Central and Toledo. There was an improvement
also of TO T. cent in the shares bat the rally had
not the appearance Of permanency. After the sd-
iomnment quotations again fraction lower, and
the market closed rather unsettled and irregular.
Bonds were not active and although in some instances
lower appear to sympathze With the heavness noticed
in the share list, more by inactivity tnan depression
State stocks are, upon tie whole, very Wei msih-
tanned. Illinois Central bonds under severe hammer
ing have declined to 81. La Crosse Lsnd Grants fell
Of T. cent, but up agsin 10 49, e. the Second
Board. We hear of considerable transactions in City
bonds outside of the Stock Board. 81. Louis t.
cen, Municipal loan have been sold in considerable los
at from so 10 81 and Chicago 6s Water Loan at from
ST ito g. Good City stocks are quite popular, but pub
he sentiment is so strong against any City which has
shown the slightest hesitation in regard to meeting
pIcipal or interest OF former loans that nigh stand
ard Of credit must be met to comply with public opinion
on the subject. Chicago and St. Louis stand deserved
y high among Western cities, and the sound aud con-
eervatve policy hitherto displayed in the management
of their finances meets with a proper recompense
in the public confidence shown toward their securities
The debt of Chicago now only about 81 800 OOO and
the entire amount has been created for strictly num-
cipal purposes-rsther singular fact taking into con-
sideraton the large number Of railways centeripg at
that place and the natural disposition of Western cities
to aid by their credit 10 the construction OF new rail-
ways The debt of st. Louis is little rising 3 600 OOO
of which about s. 100000 j, for loans to railways
Closing prices in the street were, Enc, wi
20i; Reading, Al a4la; Michigan Southern, q p;
Hudson River, 2sla2si; New-York Central, 81
49,; Toledo, 81. a Sc; Cumberland, l5l; Milwaukee
ard Mississippi, q a27l Missouri 6s So $50; Rock
Island, 722 073, &c.
The market for Foreign bills is inactive sndhsavy at
a q for Sterling and 5l6l o5.l2l for Francs.
Freighs are rather easier. To Liverpool 5000 bbls.
Flour at 2s 3d.; 80 600 bush. Grain at 81 G9f. for
bulk and 9a9ld in bags, closing at the inside rate;
40 square bales Cotton al BID gu bales Ne Island
at a.; 400 boxes Cheese at 25s. 30 tierces Rice at
25s; $50 hhds. Tobacco al 2js. To London 900
bbs Oil Cake at 2s. 3D. 20 tuns do. at 29s Cd 1000
bbs Spirits Turpehtine at 6s To Glasgow 900 bush.
Grain at Sd. in bulk and ODD in bsgs; |, 100 bbls
Flour on private terms. A schooner TO Pernambuco
with Flour on private terms. A bark to Liverpool
with Is 600 BUSH Grain al ID. In bulk and ship with
Sc eco bush. at ID. in bulk and a. in bags.
The business of the Sub-Treasury was Receipts,
sI43 GA $50 600 from Customs Payments, $l76,-
1t IL; Balance 39s 562 So against s. 566 $40 last
Saturday.
The receipts of the Michigan Central Road for the
third week OF May were sit, 49, H. against $50 96 70
ssme week last yen. The aggregate for three weeks
is $lS30O0, against $4,000. The BUSINESS of the
C.esnrg House to-day was Sli,6O1, 600. The Metro.
politsn Certificates are down to $4,000. The original