New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-01-17
SATURDAY. Jan. l5-P. 81

SATURDAY, Jan. 1j-P. NJ
There was fair degree ot stsadicess in opening
trsns sctoDs at the Stock Exchange; bot After the
csls of Erie and Reading, 10 Which Stocks there was
marked hesviness AID consider ste drcoe the market
apIesred to he syupa.betc,l effected, and was sus-
tained With difficulty until the second CALL when ne y
every thing gave way little and closed dlll. This
evident weabbess Of the market Wa taken advantage
OF between the sessions aud at the Second Board by
the short interest 70 establish lover figures, although
during the Tt session there bnt little ell ut made
IN the par Of the bears 70 oppose an advancing move
mept. The deojsne in Read ny scarcely needs expls
ratop tie moven in that Stock battling all calcu-
lstoD Influenced 1t is by Philadelphia operators,
frequently at vai4ncs with the general tendency
of the market here. In Erie, however, the fail
has come rather unexpectedly, not following upon
the heels Of the annual report but after the Stock
had undergone the ordeal Of An uotavoraole
construction of that document. Without expressing
aTy opinion the real merits of Erie stock We msy
venture to cay, that is very difficult to undeTsaud
why the public estn alton Of its value has undergone
such sinking charge since the Spring Of 1888, when,
under pressing financial difficulties, with very heavy
foatlpg debt ard umpent Danger Of foreclosure sod
sale the shares ranged the neghborhood of 80 and
were more desperate tlan q, the present time, w0en
tie floating debt hss been so largely reduced. care
full inv, cation of the Erie report, sIl snow much
lees hopeless condition than wa then eyi1eat-thst
expeI res ranging up about 70 ceut Of the earn
ings are not I.suis to DE anticipated In the nstn's
course Of its bnsiness, aud that admitting
the ability of the managers to make fair
terms with the bOuohoden, there Is even come
chance for the STOCK holders yet The movement In
Neq-YoIs Central at the Fist Board was not acnve,
but the ehses not freely supplied on the inst CALL
and anotatous sdv anced 10 S6l Sith considerable
spnit o. the second cal prices were notfuly suahed
ara the stock closed rather dull at 80. Ede went
dovn TO 49,, TIA moderate ssles but rallied si'gy
at the close, aud was IN demand at i3s Hudson RIVER
sdvsnctd TO So, bat finally dull ct the qaotson.
Harlem Preferred wert up to 39l, and was one OF the
strongest stocks on the list, thoogn slightly lower al
the close Of the CAL Reading decned to 12s, aad was
heavy. Michigan Central opered in good md,
and up 53, but WAS net frm at the quotation
at the close The eSrnpgs OF this rosd tnus far SINCE
the circular of the Company was issnei, have been
81 coo in advance of the estimates upon which The
July dividend was pIeGitsted. Galena ami Rock Isl
a1d we're steady al the opening, bat gave way little
on the second call and iasy quoted 4dl T.
cent lower At the Second Board, prices were lower
fer al of the prominent stocks ana at the close oil basil
for the dSy there heavy feeling throughout
the MAJ st. Combs and was 40 exception, adyancne
to 70 bat closed offering al 22s LIS Crosse sold
at |. in tie morning, and was in demand
ct the quotation in the aferDeeDthe threatened eX-
friction under The third mortgage having apparently
10 terror TO the blyer. ln toe absence o; any ex'
PLANTATION If the said to be IN centsmpla on
by the directors OF this Company, II is ttie singular
thtt the share. oldeis do not come together aad or
game opposition TO what sppears to De avouutay
surrender of their interest by tne representative, the
directors. To give quiet OF the property 70
trustees of mortgage which unul recently has
scarcely been mentioned, and the legsl existence OF
which may be fairly questioneo-and when default
under is provisions is mater OF which the stock.
holders have been kept in complete ignorance, is to
sct IN open hostlhy to ana in defiance Of the
rights OF men who, as holders OF tue fee,
ar. entitled to know the intentions of ,ls directors,
their sgsots, and to be consulted in regard 10 iGl.
posnt steps of tie character iu mpaIion. IL is
uuderstcod that the third mougsge bondboliefs
take pcss, sion on "Wednesday next. Before
tha, day the stockholders should demand expli-
nations and, if sssry, organize resistance of
measure which seems Intended 10 place t0eir 10
terests IN JEOPARDY. The closing pnces were for
MissonIi IS, So SOL Cautoa Company, %! a20l;
Cumberland Coal Company, 22i 223; New-York
Central R.iIoad, So 9Si Ere Railroai, 49, al33;
Harlem Reiirosd, l3i eiSl; Hudson River RAiro.d,
81 935i Rssing ksi,rvsd, y 95l; Michigan Geo.
usl Railroad, 59la52ii Michigan So. and n.
Irdrsra Rsisosd, ~ o20l; DO. 10. Preferred, Is
49,; Penama R0lrosd, llCiall7 Illinois Central
Raitosd, G9i G6ss Galena end Chicago Railroad,
7I40.If: Clev.l.,d aud Toledo Railroad, 32I 39l;
Cb,csso ,aud X. Issnd Railroad, Col e6Os; Illinois
Ctn'ral y cent boSds, 49, 50 ae9li Psci6c Mail
Steamship Compspy, soi GsOs.
The ba, market very dull but without nodessble
chsrge.
Freights, to Liverpool, 600 bIs. Starch, and a lark
10 Msrseiies with Saves, and home from Sicily, on
private terms yes el of leo tans out 10 ana hoIe
from West Isis porI, for g., 100 port charges psd
The bnsiness of the Sab-Treasury was: Receipts,
ss4,7l5 So for Customs, $4,000; Payments, sli9,-
0el 10; Be.snce. ti,3l2,9s7 - shosing small IL
crease trom the previoas Saturday.
The earnings OF tae Ttue Hsute, Alton and s..
Lous Railrosd Compsny for December, 1858, and for
the four mouths ebdiog 3lst Dee 1885, compare With
the Corresponding period of 1857 as follows
pEoEHsEk, ISIS. 1857.
fas~neer....-..... sSibo 10 $3.50
rieiktt.ss.ss.....s...s. - 70
Ma, sxpess, kc....." st1 . sN<S
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