New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-01-21
THURSDAY, Jan. 20-P. N.


notwithstanding the heaviness Of the market noticed
at the close of yesterday there was firm aud steady
feeling at the opening Of business this morning. and,
as the active stocks came under notice, it very
apparent that the decline had brought 10 fresh ORDERS
and that the market hal rather Unexpectedly touched
rsying points In the Western shares, particularly,
there was spirited business and a. noticed for sew
ersl days the dealings in these shares seemed to i'm
part strength and vgor TO the whole market. lis
fact worthy of mention that aided BY the abundance
of money, outsiders who have time contracts msurng
at the higher prices ruling weeks since, instead
Of following the usual mod. Of selling upon delivery of
the stocks are in msjorty of cases. tskiDgthe stocks
ont Of the market and thus the amount Of aosiOg
shares s gradually diminishing aud the street is get
tirg relieved Of its aocumuatons at low prices partly
in Of the difference of opinion il regard
values hch prevailed outside and inside of the Stock
Exchange. The capital errcr which majority of the
street Spectators are row committing is in estimating
values upon an extraordinary business depression if
such state of things must be permanent instead OF
temporary matter In this Respondent view business
me generally do not coincide and while the bear op
orators an icpa,e continued decline upon the results
Of week or morih, others in the trading world
beginning to look forward with chserfulne.s and hope
basipg their anticipstions upon practical knowledge
Of the business condition and prospects OF
the country. Transactions In Nsw.York Central
at the Fst Board not go large as usus but the
stock was frner and in demand at Si at the cose of
the call. Reading opened heavy, and was sold freely
on sellers optiors; but the second call was frsc.
ton better, and later in the day up again to 5O
The Phadelphi,ns sre buyers again. In Pacific Mail
the dealings continue large and still a: decline the
fafi,r day nd
ton to stocks generally 1t is fairly presumed in the
street, that nothing but absolute knowledge Of
contemplated opposition would induoe continued sales
for the oeclre short contracts and the recent free
supply Of cash stock tends to confirm the presumption
And yet the mst.er likely to remain mystery IN.
I'll the fight THERE'S to be one, actually begins P.ns
ma wss lit e lower also, but the lots were taken 81
Il6I before the cal closed. Erie in good demand
and advanced I! with moderate sales II is stated that
responsible parties interested in real estate in jersey
City are disposed to aid in raising funds for the CON-
pletion of the Long Dock improvement. The West.
ern shsrs were generally very firm and improved
with but one or two exceptions. Galens was prom-
nsr in point Of activity and sold e; II on the cali Al
advance of per cent, but closed slightly dull at the
price, though still better in the afternoon II ,M.
noupc.d by telegraph this morning tina.
ard this, which was somewhat unexpected.
had considerable effect upon the stock. The euaings
Of this road for the second week in January, were
$4.O0, Rock Island without much activity, advanced
TO CO. and was firm illinois Central was in request At
6sl, and eesed steady The record book At the Office
of the Company, show, tbs. recent purchases to toll
eraby large amount have been on foreign account.
Harlem Preferred advanced to 39i, and was 10 good
demand, with but moderate supply Of stock offering
At the Second Board prices undersent further i'm
provment, and the tore Of the market was in strong
contrast with that Of yesterday afternoons session.
The closing pnces were follows For Tennessee Is,
9liaeli Missouri O., sol sSi; Virginia 81, 9t;e
96i; Cumberland. Goa, - s22I; New-York Central,
81 asil; Ere, IA aliii Harlem l3i q l3i; PETER
red, 39l 939i; Hadson River, 34i a3iii Real ling,
.5olaSi; Michigan Central, 80, sJ2.; Mchigsn
S.'uthen, ooi aas; Preferred, al sEi; Pm,ms,
lI6l sll6ii Illinois Central 6si s6si; Galen,, 7ile
IN; Cleveland and Toledo, 81; a -; Chicago and
Rock I.lsrl, ee!z6o;; Milwaukee snd Mississippi,