New-York daily tribune., 1859-01-27
COUNERCLAL MAZIERS,

NEDNENDAf, Jan. -o-f' ".
TIE features Of the Stock market remain unchanged
10 sny material point from yesterday There mas been
a far degree of activity with steady feeling, and IN
mos, descriptions advance has been established, the
on y decline being in Pacific Mail, which has taken
another OF its plieable turns There was dsposl-
on shown On the part Of the bears to carry along their
snort lines, and in some cases 10 increase them,
but the offerings were freely taken and had
no Effect upon the market, with the exception
of the purchases to cover maturing contracts, the
buying is sti principally done by one operator whose
movements are marked with boldness and energy
which has never before been exhibited 10 the street
Certainly not by any other person. Lacking any i'm
portsDt support from the pubic, as the market admit
edly does it is conceded that but for the and
sb'y of the operator alluded 10, the general msrket
must fsl. In g few stocks, such a Pacific Mail,
Panama. Harlem Preferred &C., the movement Is
participated in 10 larger extent by the public
than the remaining stocks the list and consequently
thcse stocks might re or fell irrespective of the gem
era tendency Of the prices bat in regard to Go.ern
merts. Missouri. New.York Central, Reading, the
Western shares &C. the market must BE- considered as
one-man market. New-York Central each stock was
quite scarce to-day and between the Boards consider
able amount was bought uudpr conpul-on by the bear
Afier the shorts were supplied the market receded
T. cent Should the meeting of Presidents result fsvor-
ably. the market would probably rise or 2 b cent
TIE Trars books close the 3st for the dividend
which Will undoubtedly be 1 Y cent, although
it would be better policy for the Company
TO come down to 3 p cent which they can do grace
fully. Pacific Mail was weak, and fell of TO So The
sellers of the Last few weeks did not appear disposed
tk.ir he ma 81
contrary was firm and closed a, III, seller thirty.
TIE Eastern roads were bet er StonogtOn Advancing
70 ga ard 81 bepg bid for Norwich, 80 asked. There
il but little doubt felt that the latter road viii make
or - = cent dividend next Summer The earrings
have recently shown e steady and considerable in
cresse each mouth over l8J1. TIE movement G Har-
lem common and Preferred continues 10 be sTong The
Common stock advanced to IA. The Preferred
opened at 81 against r., yesterday, and advanced 10
~ with sales Of 800 shares. As far c.n
certain the movement which has taken this stock from
% to A wss inaugorated BY parties VINO satisfied
Themselves by investigation that the time wss near at
hand when tie Company earnings would enable the n
10 sumo the payment Of dividends upon this stock.
The concern had passed into the hands Of an expe-
reIced and able mana enent; il had been recently
entirely relieved from embarrassing floating debt
and from sD early maturing mortgage, and the traffic
wss showing fair increase, with largely reduced
exu4n-es Under these circumstances, with but
Moderate increase in traffic required to earn the
$4,000 per AMMAN required for the Preferred stock
dividend tie parties alluded TO boxed upon this Z
cent stock Of read terminating in the very be esrt
OF the city cheap, and accordingly bought up all
10. stock offered. Other parties have arrived
at the conc,ulioDs, and the upward tendency
continues under their purcbases. The market has
recently sdvs.ced very RAPIDLY, ard it would not
be surprising II il reacted. The earnings thus
far in January show considerable u Tesse over
January, ls8. The increase in December was nearly
sls &C., The legitimate earnings Of toe six moths
endu Goth September, were within slO,OOo of me
amour needed for the dividend. Tie pnnc'pa mold
ers However do not look for dividend before Jsnu-
sry, 1870. ResSps opened firm 8. 20 against 49, yes.
,erdsv but Wa weaker n closing transactions. There
.;rorg bear iuteres. in this stock. Erie ras mac
tive Int ,,eady a. H. The traffic continues 20 de-
cre although the passenger business s rather larger
than a, s tine last year. In Western sh the rsas-
actions were lot large excepting in Rock Island which
sod 10 the extent of GO shares cloeDg at about the
utice Of yesterday. The mcvemen. is based on the inn
pie,sicn that The CompsDy viii pay dividend IN
AprJ. There is no doubt that the Company will have
the means to make at that tine 4 Y cent dividend,
but it Is doubtful If they viii consider such to be the
beet policy for the road. Gslena Is firm, showios
small improvement in the closing bids. AT the Sscond
Board there fair business done at about the clos
ipg prices of the morning Board, and al tie close the
market wss very steady. l. tie B0Id market there