New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-11-08
SECOND board.
SATURDAY, Nsv. 6-P. u.

TIE tone of the Stock market to-day has been that
of seadness without vgor or elasticity. Prices show
sis LIT improvement il most of the leading shares in
GLIDING the Western Railways which for scverel days
have been a drug upon the whole market. Outsiders
have perhaps to some extent been attracted by the
lower quotations, but not yet enough to give the par
tial rally any appearance of vigor and permanent
strength The contest at tie Board between bulls and
bears is narrowed down to the issue presented by
easy money market on the one hand, and meager, de-
creasing Railway traffic the other. If this last
named feature is to continue through the Winter
which seems very probable, it will serve as a constant
check to speculation, which would otherwise perhaps
attain points of dangerous intensity under the influence
of extraordinary monetary abundance. At the First
Board New-York Central was quite firm n. S3i, giving
way slightly during the call but closing steadily, and
finally recovering again after the adjournment. The
probable Canal policy OF the Legislature is now
brought up as argument against the Central
but without much effect yet. Reading declined
10 5t for regular stock and afterward offered at
5la, closing little dull The weeks tunnage
81 5is-a decline of , 335 uns the business Of the
corresponding week of last year. This was disap-
pontment to the friends of Reading here; the gain of
two weeks previous having impred hopes OF further
improvement. Michigan Central sold at %, during
.he call but finally done at %, at which quota
ton il was steady Michigan Southern shares were
among the irmcst the lst-the Common Stock ad-
vancing las, and the Preferred in about the same
ratio The October returns, contrasted with others
from the West recently published, show bnt small!
dmunition, while in net earnings the figures give
handsome increase. Illinois Central offered freely
on sellers options at decline Of TOT q cent, but the
ca,h stock in limited supply, and the quotations
were slightly better al the close. Galena and Rock
leland with moderate transactions were both frac-
ton higher, and continued steady through the day.
Toledo was frmer, but not active. In other Railway
shares the business unimportant. Panama
ard Pacific Mail held at about the same
prices ruling on Friday but attracted less attention
than usual At the Second Board the variations were
very slight but upon the whole the share dealings
with one or two exceptions, al a trihipg improve
ment over morning prices State Stocks frner,
with moderate business at the Board Missours and
Vireinas both show small advance. 4 private sale
Of SIS, coo New-Yak 5s was made at l0il In Rail
way Bonds there were lager transactions than usual
the sales embra cling 10 900 Hudson River Third Mort
gage ~ - and al 600 Fond du Lac Land Grants at
l.. This last is decline of . y cent from Friday
morning. No capitalization scheme has yet been
adopted nor will any measures be taken except by
and approval Of majority of the Land Grant
bondhodtrs, whose trustees ere now in poSsession.
meeting Of the bondholders viii be called as soon az
Mr. Ogden the President Of the road, from the
West. La Crosse Land Grants were rather heavy
but not quotably lower. Tie decline in Milwaukee
and Mississippi Second Mortgages is partly At
trbusable to the difiicalties between the Com
parry and its floating deb, creditors, considerable
amount Of the cash on hand az Milwaukee having
been attached. Tie closing prices were, for
New-York Central 50. z So; Erie l6s l6l
Rock Island 6s 6ji; Gaiepa, 75s a75i; Toledo S3I
1885,; Hudson RIVER 81 aS2; Michigan Southern.
2Ss sSi; Preferred do, 52 80; Michigan Central,
55I o55l Illinois Central, 81 eSl; Reading, 5li;
Missouri 6s So $50. The following table gives the
prices of the leading stocks al the close Of the week
as con pared With those ruling on Saturday Oct. Oyiz