New-York daily tribune., 1858-02-01
SATURDAY. Jan. 50-p. 10.

As the galvanIng process goes on these eonvae7cen'
fances become the nucleus OF speculation for al the
old friends en- adherens and skeleton quot atops grad
uay change TO more porly figures. AL TINS tends 70
confirm the position have hitherto taken N regafu
10 the stock market, viz that n the upward move
mept which appeared almost certain, intrinsic Vaue
wee not go much the qUe ton, 81 that OF employing
money to the best advantage during Ienod OF unpIe
cedented accumulation. The stock market thrlYeS
and Increases N strength in consequence OF the para
ly.i- Of trade which drives capital from the e1rem
ties 70 commercial centres there 70 rest un-
proftaby unless employed in stocks. until business
becomes vigorous and active again and credit = once
generally restored. At the morning Session oil me
Board there were active movements IN Cleveland an1
Toledo, Erie, and La Crosse among the shares ana
in Illinois Centrals and La Crosse Land Grants among
the bonds In Toledo the transactions reached i,J'
shares leading operator usually bear. taking 21cO
shares in single lot and buying during the day up
ward OF 1000 shares. Ere was hardly sustained at
the close but shows great deal OF strength upon the
whole. Illinois Central wen, up 10 q with aJump
but little dull at that quotation afterward New
York Central very strong, and s sill moving up
in the scale Of quotationa with steadincss scarcely
Interrupted, even in the slight reactions which the
market occasionally meets. Gaiena wa n active
demand, and apparently scarce. Rock Island
also has recovered partially from the weakness
noticed recently, and s ralying with more strength
than in any Of It's late rebounds. Harlem was more
lively and went mp s. moderate saes, It's friends
bidding with more confidence and spirit the pros
poets Of getting the loan taken grow brighter. The
Preferred stock also improved 10 IS. Is Crosse
opened at IL but declined fraction before the Board
Adjourned. Cumberland was inactive and rather
II, either allowing The
ment to flag for the purpose of tempting short sales or
choosing to check an advance which was too rapid to
suit their views.
At the Second Board some degree Of excitement
prevailed, and the market generally rising one.
Toledo was very firm al i3I. New-York Central ad-
vanced 10 50 for the opening Rock Island To 69, with
spirited demand and Gaiena in the bids running upto
~, without drawing out stOcka leading operator, at
the same time offering - sellers option, 90 days for
500 shares. Reading firm at small improve
ment. Michigan Southern went up 20 10, and was in
request and-he Preferred to 33i. La Crosse declined
TO I0i but was aiterward better. Hudson River ad-
vanced 90 under the favorable impression conveyed
by the recent report and Panama sold 10 moderate
extent at o. which also gain previous quota
TONS Harlem was in demand at O.
Bond securities have shared in the increased activity
of the day, showing aggregate transactions TO the
amount of 1904 s00-bu the movement il less vigorous
in State Securities, and decidedly larger in those OF
Railway Companies. Prominent among the latter
have been the Bonds Of the Illinois Central which foot
up 900 in the Construction issue, anc 5000 in the
Freelands and the new loan bonds of the Reading,
which sold during the day to the extent OF $40,
La Crosse Land Grant Bonds also active, but at
a marked decline, occasioned by the application OF
another INJUNCTION, which partially arrests the
mens of the company 10 full contract 20 canythe
work TO completion though does not prevent prompt
payment of the Coupons on Monday. This new in
junction the friends of the road believe will be removed
in few days. This feature in regard 10 the bonds
acted also sympathecay upon the bonds, though not
to equal extent. Michigan Central Sinking Fund
y cents advanced TO 9Js aud were il good demand.
Bank shares continue 70 show improving quotations,
and are very scarce.
The market is advancing upon general scale quite
as rapidly operators for profit in that direction
could desire.
There is nothing of importance doing in Exchange,
and rates nomnay steady. The loss of two mails
from Mobile Goth and 22d ns. exc!tes considerable
remark.
Freghts arc quiet. To Liverpool 900 bbls. Flour
at Is. I0ld Cotton at 3l6d 400 ties. Beef at 3s 81.
a3s Cd; 40 boxes Bacon at o.. Cd; Lard at Dos;
Cheese at 25s. To London, 10 tuns Clover Seed at
~dr hu.S iuu DdCOH ~ <''-' ~ UUI-. oIh a.
3s 3D.; so bbls. Pork at 5s.; % ties. Mddes at 6s;
% bbls Lard at 2js.; 800 boxes Cheese at 3js. To
Glasgow, 500 bbls. Flour at 2s ID. A bark Of 30j
tuns to Malta on private terms.
The business Of the Sub-Treasury was: Receipts,
$2jl ,O1O 4O-from Customs Sol 726 Of; Payments,
$E9,63l 95; Balance, s3, 2ss,5lO 81. The sccumula.
ton during the week is little over 500 coo. The
recelts from Customs increasing but largely.
We are indebted to Mr.. Russell for the annexed sta.
tstics of January:
EEcriFTs AND pIsBrRsLMISTs.
Balance jan J. sts St 3.
On account Of Customs. ...........* ls22 81 q
On sccoun Of Pot. .offce Dept. 1858 ii
y" Treasury Notes p1obsbyI se4Si oe-s21.24Os
ToI,,''......' % foj ~ So
E.:,Ssy t.. c5ct ps 75 - T. .ss,
Balance January 50, ,lss8...:......:.sI 3s,a3i a
By Balance CE Di.bur's Acct's.. 81 ,3l4 95s =
By Receipts duTug the month.. lo72Sjs 7s- 3Ssy 10
To Payments S5N rs
sI4258i7 p
Bv Balance CT Interest Accounts ........... 57ISn 50
70 Payments 4ss ;j5 10
Balance NEUTRALITY-SUSPICIOUS.. ssoc0s 90
By Receipt. for Custom. January le2s5i cl
Bv eceipts foI Customs IN January, le57..., 44 81
s2s82sI, 50
0 Assay ssf7s7i ).
By Coin received during the meuth. T9f SD 06
By Fine Bars received during Go.. loss 6 o. Il322 81
l.779 27 IS
To PAYMENTS In Com. -l4oO4o ~
80 Payments in Fine Bsrs...... LIZ? jj 5s lS4 40 81
Balance siii776 6g
Ry Coin in hand Asst IT, Ohce.. 8 10 %
By Coin hand Assay Ofce.... ls4S6l a. 500 i5s 81
B, Fine Bar. in Assay ohBce...... sasl7s Is
urarted Bullion il Assay Ofi,e.. ls2SS 81 4S2 SIS 20
~ 652 81
Less DepOsiio.s uLC allied l54 M IS