New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-05-12
COMMERCIAL MATT,ER&
WEDNESDAY, May LIP. n.

We have an active and excited stock market dur
ing the day. and although one or two railway stocks
have been very well sustained, there was, upon the
whole a downward movement strong enough to carry
everything before it. Outsiders are evidently thor
oughly frightened. and cash stock has been coming
into the street with more freedom than for some time
past. The strongest movement of the day was in
Rock Island which under the steady and persistent
support Of the clique, holds firmly at prices ranging
from 80 to co. and has thus far resisted the Efforts
made TO break the quotations down with the rest of
the market. The operations, intended originally no
doubt to draw the shorts into sharp corner.
have been been persevered in, against the
whole current of the market but with such
opposition a. the stock encounters II Is
rather slow uphill work. The lowest point touched
by NewYork Central in the registered sales was 69t,
and from this point there was slight rally at the
First Board, which was not however. sustained in
the afternoon. The most remarkable decline OF tho
day was in Illinois Central which fell of at the First
Board TO 57I and later in the day, after receipt OF
the London quotations by the Persia to So on un'm-
portant sales The lowest price quoted in London 10
Is y cen, discount but there was subsequently
slight rally and the closing prices are given ~ 40
~ discount. Reading opened at 46i in the morning.
but was in quick demand, partly for the short ac-
count and partly Philadelphia orders. ana al
yarced to a. at the close of the call Michigan Central
broke down TO 49, but seemed tn strike resting point
at this quotation for the remainder of the day Mchi-
gan Southern of both classes, Toledo, Galens aud
Harlem were all ldl cent lower, but were net
pressed quite freely for sale other railway shares,
and had comparatively steady market At the Sec
ond Board the disposition to sell was stronger AGAR,
and the whole market had very discouraging look,
tt.a. Ia
ported. considering the general heaviness. Pacific
Mail which sold at 800 n the morning, jumped up 10
So and was demand at the close. The Bond market
shows further decline throughout the list, with but
ew exceptions either in State or Railway Sc
curities. It is difficult, of course, to say how
opg this semi-panic feeling may last In our
stock Market but it is quite apparent that
the decline is progressing at rate which must soon
provoke reaction in the tide of speculation. Prices
must at length be touched which will attract many
orders for investment. The closing prices
United States 5s, lOiI 0lOi3; Virginia 6s, 9ti a95;
Tennessee 6-, 81 992; Missouri g., S3i eS3l Canton
Company, Is3el9; New-York Central Railroad. go
a6s,; Erie Railroad, 7is7I; Hudson River Rail-
road, 81 asa; Harlem Railroad, lOalOl; Harlem
Railroad Preferred 6i936l; Reading Railroad, ~
aHl Michigan Central Railroad, 42Si2l; Michigan
Southern and Northern Indiana Railroad, sI@9; do.
Guaranteed 29i $50; Panama Railroad, M Oils;
Illinois Central Railroad, So ESQ., Galens and Chi
cago Railroad, 6ct a6ej; Cleveland and Toledo Rail-
road, 24aa25; Chicago and Rock leland Railroad,
59ia59s; Illinois Central Bonds, Sl0sIt; Pacific
Mail Steamship Company, S328i.
The Exchange market is steady, but has not been
very active for the Persia Sterling 100 1iioi for
bankers, and 1891 a no for commercial signatures.
Francs Of leading character dearcr-quoted at
5lOa5.08i
Freigbts to Liverpool 900 ties. Beet, per steamer.
at 4s $50 do. per vessel at 2s.i 800 bbls Pork, a.
2s Cd per steamer, and Is 3D. per vessel; 800 bbls
and tcs Lard at I0s. 50 tuns heavy goods. at 2js.
To London: 80 bbls. Pork, nt "a. Cd; 100 tuns Oh
Cake, at i6s 3D.; 300 bbs Spirits, at Is. To 0Ias'
gov: 10 tuns Tallow at lie. 3d.; 400 bbs Spirits on
private terms A Norwegian bark 10 Rotterdam, via
City Point, with Tobacco on private terms. A
schooner of lis tuns from Bangor, 10 the West In
dies and back for 400. schooner of l33 tuas, to
Jacmel and back, for 81 100
The business Of the Sub-Treasury was: Receipts,
90 SO 25-for Customs, 200; Payments, $751;
749 80; Balance, g. 1863 23i 80.
Thomas w. Tborne, esq, has been unanimouslyre.
elected President Of the NationA Insurance Company
| of this city.
The earnings Of the Chicago, Burlington and
Quincy Railroad in April 1859. have been;
IL Al Ell %