New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-07
TUESDAY. March 6-P. N.


TUESDAY, March 6-P. N.
There was a fair degree Of activity to-day in the
leading speculative Stocks The market opened with
considerable rmness but ss the call proceeded became
weaker. The bear jobbers made a strong demonstrs-
ton toward the close ard produced effect. At
the Second Board there recovery of strength
and the market after the Board without much activity
had an upward tendency. The movement to-day ap-
-4ars 10 be one of the usual checks which commonly
accompany an upward market caused by the realizing
ofpartes who have bought at lower prices Early in the
Autumn of last year we expressed views regard
to the business prospects Of Western railways and
having lived to witness complete confirmation of
those views during the Autumn and Winter, we ven
ture 10 pursue the subject with reference the business
of the present year. and especially to that of the Spring
and Summer months. If the student Of railway
statistics will refer to the details of business on
the Western roads during the Spring of 1859, as
published in ANIMAL reports, he will find that
commencing with March of that year and con-
tinuing to September, there was remarkable
decrease in business and especially in freight, as COM
pared with the same months of 1852 This was mainly
in consequence of the crop failure Of 1853, the rOacs
commencing Spring business without the usual back
CROP locked up the close Of navigation. Contrasted
with the Spring Of 1855 the results very poor and
Encouraging. We commence the present Spring under
circumstances entirely derent the crop of 1859 was
fair one and there is very considerable amount of
wheat on some lines and Of Others 10 come for
ward to the lake pors the opening of navigation.
When this begins to tell upon the weekly receipts we
shall undoubtedly witness a ratio Of increase In the
business quite equal TO, if not larger than that estab.
lished in the Autumn Of 1859. Calculations therefore,
which made upon the poor returns Of the Winter,
and which anticipate upon that basis equally msager
returns, viii, we apprehend, prove erroneous. There
was no good reason TO look for Improvement in bust
meas during the Winter except upon few lnes, such
as the illinois Central, the Rock Island and some OF
the South Western roads and accordingly, as we fore
Swallowed in September, the sanguine people who saw
Ia the Autumn returns evidences Of largo increase
during THE Winter, were doomed to disap'
pointment. In regard to the Spring,
however the case is different; there is freight to be
transported and with the breaking mp Of the ice, it
must come forward. 1t quite time to expect also,
larger movement of freight from the East, for the
actual wants Of consumers in that section OF the
country will require moderate repenshing OF stocks,
as matter of necessity. We may expect also, In the
excitement Of Presidential campaign, by means OF
Conventions and meetings. more tive passen-
ger movement TO say nothing of an increase in this
branch Of traffic 10 be derived from moderate revival
of general business. If these premises are sound,
there is nothing in the immediate future OF our Western
roads to warrant the dscOuragng tone IN regard to
them which some are inclined TO adopt; bat, OH the
contrary there is, according to our Judgment more
real basis for cheerful ancpations in regari 10 this
branch of business than at any time since the panic OF
1857 1t will take time yet 70 bring the West up
even to the beginning of the prosperity which existed
haxFo haon naaa ad
there cannot be much doubt and the evidences are
numerous of gradual improvement In that elastic sec
ton of the country. Among the tirmeSt OF the west
ern shares to-day was Michigan Central, winch was
In demand on Boston account, and advanced TO 5ot
The February receipts show gain OF about gown
on February Last year. In the Bond market the prin-
eua business was in Missouri 6s, which cold freely at
803 All the State stocks were firm. Railroad Bonds
were in moderate demand and firm generally.
The last quotations were Virginia 6s 934 094
Missouri G., sOi0se2; Canton Company, 1910
%; Cumberland Coal Company, l5sSl6i Pa
ciGc Mail, 93a93l; New-York Central Railroad,
713a7if; Erie Railroad, 9b99Ii Hudson River Rail-
road. 39a39I; Harlem Railroad, 9499I Harlem
Preferred, 33I o33l Reading Railroad 4O3 0ila; Mich
loan Central Railroad, 3SI 058t Michigan Southern
and Northern Indiana Railroad, 1885, do. Guar
apteed. l75alS; Panama Railroad l330l333i Hi
nois Central Railroad 59I 959I; Galena and Chicago
Railroad, 57i ass; Cleveland and Toledo Railroad,
le3aIei; Chicago ard Rock Island Railroad, 63s@
63l: Illinois Central Railroad Re, 8S29s9.
The market for foreign bills has not been active Tor
this packet and 1884 was the highest ceiling point for
sterling. The range for good bills was 1881 lOOa
Francs are 5.1s2 a5.l5.
FresRhtsTo Liverpool, 800 bales Cotton at 99-32d,
and oer steamer 500 boxes Cheese at 40s To London,
900 bales Bacon at 3Os; 500 Hides at 3Os To Bremen,
300 bales Cotton at &C., and 900 bbs. Rosin at 80. Cd
To Ravre Cotton at c Ashes at s. and sll for Pots
and Pearls; Wbalebone al &c.; Copper at s. tuni
Measurement Goods at $40 y tnni Rice and Bark at
slI. bark Of go tuns, from Norfolk to Demerara,
with Slaves at So brig Of 21O tuns to south side
Cuba and back at &c. for Sugar and IS for Moasses
on deck, port charges paid.
The business Of the Sub-Treasnry was: Receipts,
$685. III 09-fOr Customs, sos COO Payments, 1914
253 20; Balance, q, 695,O0S "a.
The Illinois Central Railroad Company's statement
for February, 1860, is rs follows;
DEPARTMENT..
l6l3.o5 acres land sold since FEB. oT....... SA42S "a
124 36l 10 land 20 previously for.. I5SOISS ~
Ias77 "a acres land sold e.
Continuation Bonds canceed............. SlT5O0
RTeelsnd BONDS cancelled i.............. 1900
Bends cancelled previously ...........l, 554 900 -
Total Bonds cancelled. S151250O %