New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-03-30
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TUESDAY, March 29-r. N.

A.. .Bd not be sustained and after the early trans
s.tioa, there was a general disposition TO cell, not
civ on the part Of operators for the decline but ~
tAs holders of stock who have become uneasy ct
the unsatisfactory appearance Of the market lac un
,st,fsotory character Of the Michigan Southern I's
road ca mpsnys report followed bys sefous decline
Il. the Guaranteed stock, has contributed 10 TINS
Yssut; and the market was adversely influenced, also,
Nv movements on the Eew-York Central aad Ere
Rods pointing 10 sharp competition on these fo"l''
Passenger lares on both roads from Buffalo to New
yo,k have been reduced to g. 80; and, while
IA ia conceded that snch measures may be
necessary 10 order 10 enable these INES
40 compete with the Southern avenues from
the Wet, it is Of course Questionable whether the
p-os Of the roads referred to will be enhanced IN the
ratio Of increased business. The movement in New
York Central was tolsrsbly active at the First 10 id
yasutips however in declire TO 5Ss, at which quo
tatsp the stock wa offered freely at tae close. Erie
sold at 1Oi but was not prominently bsore the Board
until afternoon when 900 shares changed hands on
tnrp st IOl, ca,b, and I09, bGO. Hudson River was
steady at 800 in the morning, bot was fraction
lower Al the Second Board The receipts Of arch are
about the same ss last year. Harlem Preferred de-
eiined I, and was tolerably frm as compared with
majority Of the stocks dealt in. The most serious de-
cline Of the day in Michigan Southern Guaranteed
which, from 42l yesterday at the cl)se went down to
40 in the afternoon, ard was pressed for sale
with unusual esrnestnese. To the causes of tbs
break down We have already alluded. The
Common stock was fraction lower also, but attracted
much less attention The other Western shares were
generally steady in opening sales, but dragged Little
at the close Of each CALL and between the sssoau were
done at eight decline except in one or two instances
Among the frmest Railway stocks of the morning
were Ilin,i Central and Michigan Central for the
somer Of which 6S was bid, while the latter sold at
5li the closirg price Of yesterday. The statement
voipg tie rounds of the papers to the effect thai the
Michigan Central Railroad boats are TO be run on
Lake Erie in connection with that road is prems.ure
No arrangements Of the kind have yet beea made and
II is by no certain that any such connection sl
be made If the boats run az all, il will bs upon
more economical scale thsn heretofore. The dealings
m Reading were very small through the day. lot OF
100 shares sold at SOL In the morning. ard this was the
only sale Of cash stock registered. TIE shorts were
very much relieved this morning by the receipt OF OOO
shares Of cash stock from Philadelphia and the corner
Loot its sharpness at once. The Coal clocks remain
cutie firm during this downward turn OF tue Railway
shsre market. Delaware and Hudson was steady at
1901. and Cumberland Preferred Was maintained at
general decline in the leading Railways, moro espe
Cislly marked in New York Central, Michigan
Southern Guaranteed ard Rock Island, al which
were pressed for sale freely al quotations.
Michigan Central also lost the frmns's noticed in the
moruire. and sold down to 81. Galens declined !.
and Toledo /. The moot important Bond transactions
of the dsy were 10 Governments, of which $4,000 Of
1885 sold at 1921 elO2, and s27 coo Of 1871 at lOi
l..t IL nj Rail- IA de
vas ipcopsiderable, but prices are very well main
tanned except for Erie Unsecured Bonds for which so
was the best bid The market owes its hesvress
mainly to the unsatisfactory business and immediate
prospects of the Western Railway shares, added to the
general prejudice sgsinst Railway Investments. To
look for other causes Of depression is TO ignore the
facts which stare us in the face The oosisg prices
we're for Tennessee Gs 81 s9l1, Missouri &C. 81 as6}
Virginia &c, e72 a9S Canton Co., l9l s20; Delaware
and Hudson Co., 100 q 1907; Cumberland Coal Co.,
Preferred, 23l923l; NswYork Central, u. e77ii
Erie, l0lai0l; Harlem, III dl2i Preferred do,
:e7 a39; Hudson River, 81 e32l Reading, 49l si9i
Michigan Central 502 ash Michigan Southern and
Northern Ind ana l2i el3 do, Preferred, 59i 49,
Panama III Gll7.; illinois Central g. a. 81; GsenS
ard Cbiosgo, o. a67l Cleveland and Toledo, 2is .
.; Chicago and Rock Island SCI 81 Illinois Central
: q Gen. Bonds, 1879. 81 49li Pacific hs Steam
ship Co, a! as.
TIE market for Foreign bills has been dul for this
steamer, excepting from the Havana houses, wbe
have bee0 large buyers for remittance. Rs.ss ars
firm, without qGotAble change. Sterling lO}. lO9,
for commercial, ard lO9 is94 for banks aud bankers
Francs 5I5d5l2,
Fieights-To Liverpool, 90 scasre bales Cotton.
at 316d.; 20 round do. at Ia 800 boxes Cheese a.
20S; so boxes Bacon, at 1884, 100 bbls ,sin, 4.
Is. l0d.; 100 tuns Bat slaves, a. l5s. To London
ie5 tos. Beef q, Is. To Hamburg loo bales uncon-
pressed Cotton al &c.. 500 bbls. Iosin al IS; Meas
uremept Goods, at IS q los. schooner from Sstlls
River to Themsston, with Lamber, at =.
The business Of the Sab Treasury was; Receipts
81, 49, 70for Customs, SOL 600; Payments $6i,
ISL 7S--Caforuia Drafts, $4,000; Balance, 8 Sc,
:gls 81
The National Bank hes dscued semi annual dvi- I
iend Of 8 q cent, payable on the 9TH Of Apnl. The /
Safe b ink st.Newark, y tenn annual dividend of =
cent payable April 1. The Coupons on the lsnd mort
rage bonds Of the Cairo and Fulion Railroad OF I
Missouri due ls April, will he paid by NJ X Jesap s I
Co., No. Al Exchange place. the business OF the ,
today wss so, $4,000.
The Michigan Southern Railroad report, which has
Gently found it, way into the new'pa pers in an ion,
,.rtet form, presents statement OF facts rather IN
pS,able 10 the shaeholders WHO hsve been some
ga sLc0gsged tGriag .ss year By monthly TePo'ts