New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-11-08
NETWORK DAILY TRIBUNE,

.a ,o favor the bear account, and the condition Of
,b, FOsNsh market Tor American securities has also
hsn referred 20 as Que Of the adverse influences OF the
dav There IL no doubt somotruth in these conlectures
as 10 the cause OF the decline but the great trouble is,
In our Judgment nearer home, and is very deeply
seated When people recover confidence in railway
stocks and buy them for investment, a. they buy
bank and insurance shares, we may expect perIni-
ncnt Improvement in the market; but while IL depends
upon few spectators at the Board and in the street,
we must expect witness these caprcous movements
New-York Central was, as usual, the Leading
stock of the day, bat had heavy market, ana
was cold down TO sol, at which point was toeraoy
We'll sustained until the Second Board. The Western
shares We're lower with scarcely an exception, and
although the sales limited, the market seemed 70
get an over-suppy of stock. The most decided break
was in Illinois Central, which dropped TO 81 on the
call, but was in demand at the price, and afterward
fraction better The business of this road, which lie
large and rapidly increasing seems TO have little or no
influence upon its market value. Michigan Central
WAS ruer and is one of the few stocks on the list
which shows an Improvement over Saturdays prices.
Tho increase of business on this road in the last week
Of October was very large reaching about 5000. At
the Second Board the market ratherregular but,
upon the whole, prices were lower. Illinois Gen.
trail and Pacific Mail were higher and in demand.
Il is now admitted by the parties in interest that few
DAYS since there was, as we intmated, negotiation
opened for an arrangement of the difficulties between
the Pacific Mail and Mr.. Vanderbilt, but upon some
disagreement the negotiation was abandoned. The
annual election takes place on "Wednesday, and the
dividend question will soon be settled. The impression
Is Quite general that the policy of the Company will be
not 10 weaken themselves in the midst of hot compe-
t;tion by the pavment of a dividend. The closing
priees were: Virginia &c, 94I 694l; Missouri 6s 8is
asil; Canton Company, is 9lsl Cumberland Coal
Company, IA al4I; Pacific Mail, 72i 973; New-York
Central Railroad s09SOl Erie Railroad 7ta7l;
Hudson River Railroad 373 ASA; Harlem Railroad,
9}eIGl; Harlem Railroad Preferred, 3i 9364; Read
ing Railroad 81 aSi Michigan Central Railroad, 4Ot
a4OI: Michigan Southern and Northern Indiana Rail-
road 6l07; do Guaranteed 1S9lSs; Panama Rail-
road 1919 OPP; Illinois Central Railroad 624 062i;
Galena and Chicago Railroad, ~ 672s; Cleveland
and Toledo Railroad, 20920i; Chicago and Rock
Island Railroad 62 d62s Illinois Central Is, S4i SSll
There is but moderate demand for foreign bills,
and the market is heavy but without quotabe change
excepting in document bills, which are lower. The
supply is better Sterling is 1924 0ll0t Francs, 5l5
a5l3i.
Freights TO Liverpool, so bales Cotton at 3l6d.;
$3.50 bbls Flour at o.; 500 bbs. Rosin at D. Sd. To
London $50 bbls Flour at 2s. Cd. 600 boxes Cheese
at iOs. To Glasgow, 900 bbls. Flour at De- Cd. To
Rotterdam, $50 bbls Crude Turpentine at Be-; 300
bales Cotton at id. To Antwerp, 5000 bbs. Rosin at
S. 3d. SEQ bags Clover Seed az &C.; 500 bbls. Ashes
at rs 6d 800 tes Rice at 30s.; so uns LOgwood at
25s; so tuns Mahogany at 2s. Cd.
The business of the Sub-TIeasury was: Receipts,
$3.50 1876 57-for Customs, $4,000; Payments, s22l,-
257 l3; Balance, 1885, 65 81.
There seems to be turn at last in the affairs Of the
Michigan Central Road, and the following figures for
October show fair gain over last year. They are:
....,.....s ssls8 0s $loS G03 29
MsessIianeous ,,,,..,,.,,,..,. 5,is2 IS 6,OOl SO
TOtsl............".'...s292ss S s 81 *S0esSs Oa
The traffic of the Illinois Central Railroad for octo-
Der was follows;
LAND DEPARTMENT.
23s26 land sold since Jan. l.'' S6S24.2 %
l,229sS5s % land sold Previousy.'.'''' oSS 70
i2ss5s7as eI5,s0962i 60
Construction Bonds cancelled. ......." s4l,oco
FIceand Bonds cancelled. ............. 1000
Bonds cancelled previously .'.'''''''''' Looo'"V
Total Bonds cancelled. s14lOcOO 90
Cash receipts for October .......''.'s 6SA -
Cash receipts since Jan a. a. A ~
TRAFFIC DEPARTMENT.
Receipts for October ls59...........S 2R94s %
Increase. s575R %
Receipts o% Jan to Oct ai 1853 slsoais
Receipts corresponding period 1858 l,66e'S42 10
Increase .................-.....". sa77 70
The business in October of the Chicago, Burlington,
and Quincy Railroad was;
Chicago 99 VI g oAl'bsrE ss 9ss1In'y
Pssssassrs - 1884 81 1880 30
MAIL i.i.G I'D Mi:cclsn'. ' sois 81 SIS Is
To.si..,......."slsss4a H sses,5 e
Total for $40 miles. .::..'''''''''''"els7,Hs IS
Earnings in October, lsSs...,.,r',,... 1921 IS
Increase IN October is5a........... $2e,l4e -
Gross earnings per mno.,,......''''''' oO4 %
The increase il rather larger than was estimated.
The earnings of the Little Miami and Columbus and
Xenia Railroad for October compare as follows:
October iUooS q
October ACKNOWLEDGEMENTS lo5oSO
Decrease. .....................,....... s9e3S 81
The through freighs of the Ohio and Mississippi fell
of al the commencement of the MONTH but regained
what was lost during the last half 30 that the receipts
about equal the same period last year The same may
be ssid of the Indianapolis and Cincinnati, which has
done a very large business for the past two weeks.
The Cincinnati, Hamilton, and Dayton viii not vary
much from October, 1853.
The business of the Erie Railroad for October settles
ND very favoraby The net increase s 81 600 better
than in October of last year. The figures are;
1855. 1850,
Traffic In gross. &IsA Stst%
Operating Road ','..'..''''' oVSioS 5s~'Io
Net IncOme..............s l4soSI sisos4o
The income for Oct, 1853 included 81 S1 for United