New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-10-29
MINING BOARD
SATURDAY, Oct. 27-P.

At the Fret Board the Stock market became frmsr
snd the feeling seemed decidedly cheerful, but
before the adjournment it was announced that Mr. j.
Ven Setback, prominent bull operator, had been
obliged TO suspend payment and this had, for the re-
mainder Of the day, an influence against the market,
Though after the Second Board prices were frmer
again, and the closing quotations about ! per cent
higher for leading stccks Some of the Efforts had COW
cred contracts running 10 Mr.. Van Schack, and in
der TO adjust differences these lots thrown
board in the afternoon 1t is stated that much of the
cash stock put upon the market for several days past
has been sold by Mr.. Van Schack. The commission
houses generally continue oe large buyers and most
y for cash. partly on account of the difficulty 10 filling
time orders, and partly because the new buyers are
men of ample means to pay for and carry their pur-
chases TIE decline has been sudden AMI severe
and the market, although feverish under the
wicked political agitation of the time, is get
ting Tito a healthier and stronger position
by gradually changing stocks from holdsrs
in the street 10 people outside of the speculative
The grsat bulk of the stock sold during the last week
has been under contract and but very few shares have
been added to the previous supply, while the with
drawsls by outside buying have been larger than at
any time during the last sixty days. The result is
growing scarcity of cash stock in the street. not ar
ciay created but growing out of large GALES short
account made upon the chances of borro wing stock for
delivery. Tits s not an unusual feature in falling
market but Il shorts generally supplied by the
forced GALES of stockholders aerward, she money
market tghtens. In the present instance the course Of
money matters Seems TO be the other way, and the
working time Of the panic makers is nearly orr. Some
Of the old heads among the bears ths and clog
up short nes TO be out Of the way Of rebound eav-
ing the hazardous game of selling short at these prices
upon the chances Of DsunOn 10 the inexperienced op
orators Of that party. Short contracts run a
double risk at this time, first, in the
chance Of Mr.. Lincons election, which may
have an entirely different effect from that which
expt cted by the sarmsts and second in the chance
of his defeat which the Fufionss pretend 20 copsder
good If Lincoln s elected aud Secessionss conclude
il wire and prudent TO wait for an overt &C - what
would be tbs effect upon the Stock market II Fu'ion
carries the day. what then At the close Of ths aisr
noon prices were steady. The latest quotations are as
follovs: New-York Central Railroad, So a S0l;
Erie, % d2S.i Hudson River, 56l 057i Harlem
Railroad, l5dljl; Harlem Preferred 49, Q39 Read.
ing H19D4; Michigan Central, 6Oa6Ol; Michigan
Southern end Northern Indiana, ISL 0ljJ; Michigan
b0nthsfn IfeIeHeu, 0Oz Uo'i lHiuols OenJ A. 81
7I2; Galsns and Chicago Railroad, GsI9G8l; Clsve-
land ard Toledo Railroad 32d32li Chicago and Rock
Island Railroad, 620G2i Chicago, Burlington, aud
Quincy Railroad, 79Ia79'.
The foreign bin market hes been very heavy for The
steamers Of to-day with al ample supply Of bills
Sterling lie 1917 1887 for commercial and best bsnk
ere Signatures at which, however no large amount OF
bills could be sold. Francs arc also very heavy, at
j25a5I7l.
In Frtights, rates have sigitly improved. To Li7-
srpco 30 GOO bush. Wheat a. ~ 4l2si 10 bulk, and
~ 49, in bag'; $50 bales Cotton at ID 80 hide
Talow al 1923. I'd. To London, 1900 bbls. tlonr at
,s. I'D. Be. "a, ard 5000 bush Whest at l3,d. in
,ags. A vessel Of 800 tuns to a Calf port and back
'cr 600 A vessel Of 200 trns from an Eastern port
% the West lode, and back Sith Lumber a; ~
and back with Logwood q. s. per tun. bu5oi F6
uns 10 Tie Wet Indies and ba:A f1g 100 aud org
( 100 .uus home from the S.u.h Side Of CaJI for
y 600.