New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-06-15
TUESDAY, June l4-P. ".


The amount of transactions at the Stock Board to-
day was quite moderate and with heavy market, the
changes were generally unmportant. The tendency,
however was downward until after the Second
Board. when there was rally of y cent in Central,
under an apprehension that cash stock will not be
ple.,v tomorrow. The speculative element Of the
street appears to be almost entirely made up Of the
Board and Street operators. 1t is certainly the exper-
r;euce of the commission houses at present, that
more stock comes in from the public thap soes ont.
An occasional clique is made up, including some out
siders to punish the shorts, by buying and holding
some particular stock but there is less general out
side speculation in stocks than has been known for
long time. The heavy losses suffered in Southern
Michigan, Erie Milwaukee and Mississippi La Crosse,
Toledo, Michigan Central, and indeed, 10 all the
current Western railroad shares has been too recent
and severe lesson to be easily forgotten They are
left to be the footballs of the two factions of Wall
street and will continue until the confidence OF the
public is revived by increased earnings, aud the
demonstration Of the ability of the roads to some
thing beyond expenses and interest upon debt. New
York Central was less active than of late, and fncu-
ated between "a and 73, finally closing late in the
afternoon, at 73I-a decline of y cent on the last
prics of yesterday. The freight contract made by
cancelled 1t appears to be conceded that the August
dividend will be reduced to3 g cent, or perhaps 81
cent II would no doubt be the best policy the road
could aop, to take adv anage Of the present condition
of railway traffic to reduce the regular dividends TO
n cent per annum. Erie dull at 81. Reading fell of
to 30 bid and was aactve. The most buoysn stock
| Panama, which improved TO 40 with good demand
The near approach ef the seni-annual dividend
4 l. al anti 10 VIII
will look cheap ct Ia In Pacific Mail there was nc
registered transactions but 81 bid. small sale
of Norwich and Worcester was made al 35 which is
T. cent better than the last sale. renewal OF dy-
dends with p cent in July next is considered GER
tain. The road and eQuipage are IN firstrate order
and the Company have funds on hand for even
larger dividend if it their policy 10 make II.
The Western shares are moderately active. Rock
Island closed at 59l, against 59l yesterday. Gaena
was quiet at /, p cent decline. The transactions in
Southern Guaranteed were to the extent Of 800
shares, the market declining 2 cent. State Stocks
were in fair demand to-day but the advance.
of Yesterday was not sustained. Missours fell back
TO s51 Railroad Bonds in better inquiry than
Of late, and the Erie issues better. The First
Mortgages advanced TO $751; and the Third Mortgages
to 60. Fer the Converubl-s, l2i WAS the best bid.
There is better feeling in Government D. which sold
at lOi. The closing prices were: Missouri 6s, s.. q
S5i; Virginia 6e, 96i 81; Canton Company, Isl asl;
Cumberland Coal Company Fsrl; New.York Cen
tr.l Railroad, .Si es3'; Erie Railroad 81 s6i; Har
lem Railroad IOalol; Harlem Railroad Preferred,
35I a $50; Hudson River Rsircsd, 81 a3ei Resing
Railroad 80, G i0l; Michigan Central Railroad Ala
Al; Michigan Southern and Northern Indians Isl-
road Oh do Preferred, 29i $50; Pan.ms Railroad,
1909 I2ol; Illinois Central Railroad, 5SS57; Galens
and Chicago Railroad, 4a64i; Cleveland and To-
ledo Railroad, 25i a25,i ChicssO and Rock Island