New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-08-30
MONDAY, Aug. g-P.


Tie upward movement in the stock market con-
tnues uncbt cked and indeed the few bears l.tt in
the Board appear disposed TO offer very little resist
ance to the action of the bulls The volume OF blsi'
ness was very large to-day, the transactions In New
York Central alone exceeding $1,000 shares, win
good demand up to the close for buyers options. The
short interest has been largely covered within feE
days ard az no ew line Of any importance Is beng
put out the demand from tlis quarter must soon
be very light. The bear operators appear TO
lack the necessary nerve to offer their con-
tracts even upon the present advanced rates,
although they freely predict that the market cannot
and another day. There 10 evidently al increase
daily to the strength of the market from outside spec
uators and investors but it is far from sufficient to
Justify the recent advance which s palpably the re-
suit of the vigorous and continued buying Of lev
prominent street operators aided by the purchases TO
cover shorts by the frightened bears. marked ev.
dence Of the real strength Of the present movement
lie shown in the immense amount Of cash
stock Of Central which the market absorbed,
ard advanced under it. One operator alone
sod nearly 1900 shares at Ns all. Central
opened at "a, and firm until it was checked by
the above large lot OF stock but after tia. Wa dis
posed of the bidding again active and the quots-
ton advanced to "a. The mpet Is given to to mar
ket by Central, was participated in by each stock "a
it was successfully called. Hudson River opened a.
333 and advanced to 3i, and Harlem Preferred sold
up TO 81 !, seller thirty Both these roads are doing
yeIy well in August, and will show considerable
increase August, 1853 Pacific Mail in demand
to cover shorts at e3l, but this demand supplied,
the market was weaker. Reading was an exception
to the tendency Of the MARKET and drags al about Al
The general depression Of tue coal trade and rumors
Of strike among the laborers at Richmond, operate
to check the mo gement in this stock. The Western
shares generally active and buoyaat. h>ck l-l-
and especially the iavorite with spectators, and
sold up TO 67i. Southern Guaranteed, without being
active, quite strong, and sold during the day
high as %, against 2ii on Saturday. Toledo was
active and firm. In Galens the business moi-r.
s.e al fall prices. There is fair amount
of buying in these socks by parties who
anticipate large increase Of railroad traffic in Sep
TENDER and who have faith in much higher prices
under such increase Of business. Tho State stocks
very little affected by The speculative tone oftle
market, and are quiet AMI steady sale of the bonds
Of the Pacific Railroad of Missouri guaranteed by
that State, made at s.. After the Second Board
the general marke was very firm. Central sold up to
75l, at which il closed. Rock Island b. a67l Glsr-
arteed Southern, %. The closing prices we're: For
Missouri 6s 81 aS2i; Virginia Is, 93l 93.; Canton
Company IL dlSI, Cumberland Coal Company ll.6
l5 Erie Railroad s. a5i Harlem Railroat, l0i 10y;
Harlem Railroad, Preferred, 81. a %; H1lson River
Railroad, 3i} 81 Reading Railroad, Il AL; Nlchi-
gan Central Railroad 46 i6. Michigan Southern
and Northern Indisrs Railroad : all Pansns Rail
rood, H. lis; Illinois Central Railroad s., d66;
Galena and Chicsgo Railroad, 69l e62,; Cleveland
and Toledo Railroad 2i' 2il; Illinois Central 49, 10
s9i 81; Pacific Mail Steamship Company, S2l ss2i
The market for Foreign Exchange for the steamer
OF Wednesday has not yet fairly opened, but holders
are firm. Some considerable sales OF sterling bank
bills have been made at no. AMI drawers have in
some cases advanced their rates cent. Francs
are ILL 5l5 The demand for sterliog appears to
be better than for the last steamer.
Freights TO Liverpool: 900 bales Cotton at IL. To
London: 20 tuns Measurement Goods at los; 200
bbls. Oil Al 2os To Rotterdam: 20 tuns Mahogany at
3 30; 500 bbs. Rosin At S. 81. A schooner OF $50
tuns from New-Ycrk TO Jacksonville, and back with
Flooring Boards al s.
The business of the Sub Treasury was: Receipts,
$5s 623 G7-for Customs, slO3 600 Payments, 500.
oS i0 Balance $i392. $50 %.
The following is the official return Of the business
ofthe Michigan Southern road for the third week IN
August;
1Sog. 1S5>. Decrease.
P.,en.e".'...'......."s,ss 81 s7ts So 81 800 81
- -lshts..s.ssss. 10 - .lf1l %
MAis, 1904 d I,6s s. ii s,
So. $50 - =HoB ~ slii25 50
The ;bId week Of Angus. on the Michigan Central
n sd gives as follows:
1859. 1855.
Pa'ssrEes.......... ........sBso II s:go-. 70
FErls-....... ............... lbsti 90 ..J1 10