New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-08-23
SECOND BOARD.
MONDAY, Aug. 22-P. n.

MONDAY, aug. &%-f.e
The stock market gathers strength and volume, and
the bu,ness to-day very large, and eldistbuted
through the list Quotations were in most descrip-
tons established at higher points, although between
the Boards extreme rates were not sustained Ine
recent rapid advance has bad twofod effect; while
II has brought in some parties to realize on the COM
parativey high prices it has at the same time tempted
other parties into the arena, under the idea that the
muchtaked.o of reaction in the market had at length
arrived and the bull interest once more was TO be 10
the ascendant. There has been undoubtedly more
buying to-day for outside speculation than before for
long time; but the purchases, We think, have been
based on the turn of the market rather than with the
intention of holding for any considerable or permanent
improvement. The sales of shares at the First Board
add up over l6 GOO, the Western shares being very
active. The activity not very general throughout
the Board, large proportion OF the business being
done by few leading members. There was
not much deposition shown TO put out short
stock excepting to carry along old contracts while
there was good demand for buyers options which is
favorable fea,ure for the continuance of the
mert. Pacific Mail strong, advancing TO 76l
The free oers Of sellers options for leading opera.
tor not renewed to-day. Central opened al 70,
but as the call proceeded the quotation advanced 10
Harlem Preferred was more active than Of late and
touched 36. Reading also buoysnt, and advanced
to AL. The movement in Southern Guaranteed was
active although the advance was less marked than be-
FORE The stock opened at 20, which drew out consd-
cradle amounts Of cash stock, and advanced to 26i,
small sale being made in the time at %, seller
sixty and offered a. that. On short sellers op
TORS the differences were not unusually large; but
portion of the members of the Board appear TO have
little confidence in the ability of the clique to sustain
the present prices for sixty days.
| Galena under some outside orders, was in demand,
and advanced TO 66f. Toledo sold up to %, but
not sustained selling aterward at Oh, buyer 60. la
Rock Island there was fair business done at "a a6i,
but the market closed heavy. There rumors
OF dividend In October, but they unofficial At
the Second Board the market generally steady,
and leading stocksin fair demand. Southern Guaran-
teed however, broke down TO o. and small sale
made in the street as low pig seller 90. lot Of
1900 shares cash stock out to day. which re-
heved the shorts somewhat. State Stocks were moder.
ately scive and steady In Railroad Bonds there but
little doing; but the Erie Issues are better. First
Mortgages are 81 bid 81 asked; Second Mortgage,
72a7i; Third Mortgage, SSI a 65; Fourth Mortgage,
49, "a; Fifth Mortgage, ~ 30. The Shaking Funds
are offered at 20. The closing prices were: Tennes.
zee Ca 81 ash Virginia &c, e3l s93i; Missouri 6s,
S2Ias2,; Canton Company, lSslsl Cumberland
Coal Company, 1885, Pacific Mail, 76i ant; New.
York Central Railroad, 73e73!; Erie Railroad 81
&c; Hudson River, S2i S2i; Harlem Railroad q
slO; Harlem Railroad Preferred, 36 a36l Reading
Railroad, Al a Al; Michigan Central Railroad, 49, 20
"A; Michigan Southern and Northern Indiana Rail
road, 7.aS; Michigan Southern and Northern Indi.
ana Guaranteed, 2is24I; Panama Railroad, lis! a
Il5s; Illinois Central Railroad, 65l s65l; Cleveland,
Columbus ard Cincinnati Railroad, 80; Galens and Chi
cage Railroad, c.! 3e6l Cleveland and Toledo Rail