New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-04-13

TBURspAY, April l2-P. NJ


There steady tone to the Stock market in eaily
transactions but marked activity at the First Board
until the second call, when the bidding became more
lively and vigorous and the whole market took turn
upward. This was assisted to some extent by the
purchases of the shorts who have been attempting to
cover outstanding contrscts One of the most Promi-
nent features of the market is the large and weldis
ributed busines in Railway Bonds, whichsre not only
quite active, but range at higher quotations from day
to day. The demand comes almost entirely from out
sideIs snd EXTENDS to mary of hose which have been
for some time floating about the stTeetat nominal prices
The various issues Of the Erie, not 9ithstandng
decided advance, still in good demand, and for
Michigan Southern there was decided advance over
yeet.resy's quotations. The Sinking Funds sold
at 50, an Improvement OF cent, and
the Second Mortgages, which sold yesterday
at A, were in demand again, and were done at
from Ash a46c. BY clause in this bond the principal
becomes Cue after default Of interest for ninety days
This an important feature in view of the scheme for
reorganization, ard be svsedofby the stockholders
to bring the asrs Of the road TO prompt and speedy,
but equitable adjustment. The largest share dealings
were, ss usual, in New-York Central, but there was
not an important BURNERS in any particular stock Ede
advanced to IA, but was not fully maintained, and at
Il close of the call cold at 49, at which it was steady
There was a better demand for Hudson River, and
moderate improvement. The earnings for April thus
far show fair increase over last year. Reading was
eighty fImer on the fret CALL but fell of little at the
cloee There was attrong movement in Panama, which
1874, with fales TO fair extsnt For Pacific
Mail also the market quite firm, and at the close
The stock was in demsnd az l03. TIE Western shares
were very firm, with the exception Of Illinois Central,
which seems lsngpsh under the effect Of the recent
asse ssment Notwithstanding very good accounts OF
the business of the lne Toe'o went off briskly at
the star. at g. at which point it dragged little bat
toward the clcse became fmer again. Michigan Gen..
trial advanced to A. with spirited demand, and for
both classes of Michigan Southern the market was
very steady. Immediately after the adjournment the
hardening influences Of the market appeared to act
upon the speculative Of the srset jobbers and
there was a quick Improvement in quotations for
come of the leading stocks which lasted until the Sec
ond Board commenced its session, and had quite an
effect upon the afternoon dealings NewYork Central,
with large sales, went up TO 79s and Michigan Central
TO 4S. Pacific Mail and Panama were both higher,
bu there registered sales of the latter at the
bcoing price of l34l There was more excitement in
the oreraticIs than we have had for some days, and
ard the tIamattions were somewhat limitsd by the
ndisposon of lde to meet the bids although at an
advance over the quotations Of the morning. The
closing prices were for United States IS, 1874, lO2le
1927; Indiana Sc, S9a9O; Virginia Is, 93a93si Ten
NE see 6+, 9Ol 99Oa; Missouri 6s, S25 Ss3i Canton
Company, 20I a2l; Cumberland Coal, 13l III Pacific
Mail, 1904 alO4; New.York Central Railroad, 79ia
1885, Erie, 49, 49,; Hudson River, 39l a39si Harlem,
lOs DO; Harlem Preferred $685.; Reading, 42s a
42i; Michigan Central, Eaa4S Michigan Southern
and Northern Indiana, llialll; Michigan Southern
snd Northern Indiana Guaranteed, 224 a 20; Panama,
1914 1876; Illinois Central COZ Gil Gaena and Chi
ego, 62l 62I; Cleveland and Toledo, 26i an Chi
csgo and Rock Island, 63. a63; Illinois Central 7s,
IS assI.
FIejghts to Liverpool, 800 bales Cotton at 3-l66
7d. 400 boxes Cheese at 4Os.; 400 bbls. Rosin at
De- 3d. 200 ties. Beef $50 do Lard and 30 bales Bacon
Oh private terms; 300 bbls Flour at 2s., and per
steamer 90 tcs Rice on private terms, and tuns
Leather at sos. To London, 200 bbls Flour at D.;
100 boxes Bacon private terms, and 600 bbls. Rosn
at IS Cd. y $50 ID. A Sieilian bark TO Antwerp on
private terms
The business of the Sub Treasury was: Receipts,
1924, 1859 33-for Customs ,OoO Payments, $li7,-
$50 %; California Drafts, 81, 0OO Balance, 81 49,,
SIS 81.
Sterling Exchange is not active. We quote 60-dsy
bills at So the rule. The advance In the rate of in
crest by the Bank Of England has had little eiec! upon
be general market This advance has been adopted
WHEN the appearances Of the foreign exchanges were
more favorable to England, and when tbe excessive
demand for bullion did not arise from any outflow, but
imply from the absorption Of the currency from the
har De Of the public into hose of the Bank by the mag
nituce Of the revenue payments, and the general &C
tivity In business.
The earnings Of the Michigan Central Road the frat
week Of April were:
S42 OO7 05
bi,235 81
1ha ~ sIa ~, Dar. e..