New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-19

share of the Liabilities OF the firm ia in what are
termed "calls" in the street, the holder OF
such an obligation having for tho paymeu;
of specific som the privilege of taking certain
amount Of stock a. price agreed upon, within fixed
period Thus, for example, A. pave to L. 500 for the
privilege Of taking of him 100 shares Of New-York
Central at "a within sixty days The trade in the'e
calls hos been carried for some months past by he
firm Of + b. Little g. Co. to very large extent and'
while the market remained in an unsettled condnon,
they haze brought good profits TO the sellers; out OF
late when the current has been 40 decidedly 10 idVor
of an advance in prices they have been costly expert
nents. This stoppsge has been, probably, the re-
suit of an indisposion 10 meet iurtner losses
rather than Of an inability to meet those Already III
cured. The legality OF these obligations mas been
questioned by some in the street, on account OF the
obscure wording of the documents gwen; put we
have no reason 10 suppose that the hrin take sucn
ground. Legal opinions, however, baye already
been TAKEN and they in favor of the enre vadity
of the Claims according the spirit OF the obhgaons'
Various opinions have been expressed in The street as
70 the effect Of this failure. Soma argue that the
Wholesale settlement of many contracts taxes from
the market an element of its strength and therefore
conclude that prices must fall while others contend
that the short contracts made upon the basis OF the
"calls" must force operators who are UNEXPECTEDLY
abort to replace stocks sold on time, relying upon
privileges which are no longer to be counted upon
common sense view of the SUBJECTS that as we have
for some time argued the tide s rising one, Tor SUD-
santia reasoDs the removal of an influence which has
for months held the market in check cannot be adverse
There il no parallel between this and such as have
been nstanced in "cornerng operations the pres
ent Gaze the advance has been very moderate except
in New-York Central and the movements have come
from no combination, but from general awakening,
ON small scale, of the public to the more cheerful
prospects of the country. IT, as we anticipate, the
opening Spring ustes in ts results this more favora-
BILE feeling is not the failure of operators who oppose
this revival which will act 10 the prejudice OF the
market This view is partially sustained by the move
ments at the Second Board which, under more than
usual excitement, advanced for nearly every stock on
the let The market was feverish at the close, but
generally quite firm. Central was a5t 0755; Rock
Island 651 65I; Galena, COZ 6l Reading 42i a 42i
Pacific MAIL 943 995 PANAMA. 1882 9l34; Michigan
Central, 400 9403, &c
There is nothing of Importance doing in foreign
billie and the market il unchanged.
Freigbts-To Liverpool, $50 bales Cotton at 9-32d
05-l6d.; 1000 boxes Cheese, at 3Os.; 2OO boxes
Bacon at 25s. AGO bbls Pork, private terms lOO
tcs. Lard at 25s and per steamer, 500 tcs Beef on
private terms. To Lonion-lOO uns Oil Cake, at 2os.;
100 tes Beef and 80 tcs Beef at 5s 3d. and 800 boxes
Cheese at 40s To Bremen-l 600 bbs Roain at 3s.3d.
vessel of 100 tuns 10 st. Domingo and back, for
81 500 and one Of 100 tuns home from Spanish Main,
at $500, port charges paid.
The business of the Sub Treasury was: Receipts,
1857 1888 l5 Payments, s266lO 80; Balance, $685.,
400 80; for Customs $3 co., Treasury notes received
for Customs during the week, Sl3,ll2 10. The bal
aDce shows reduction of about 100000 during the
week.
The e91nngs Of the Illinois Cntral Railroad the Sec
ond week of march were:
lHD..................s pSoVV
o0tifo
lnoreate.. ..'.'-'''''.piSoo<
The earnings of the Galena and Chicago road for the
second week of March are:
l"n....,................
Decrease .................... .......... $40
The decrease of the first week was -, 3d.
The earnings of the Erie Railroad for the month Of
Earnings February, la5s............... seo9ss %