New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-01-30
SATURDAY, Jan. 28-P. N.


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SATURDAY, Jan. 28-P.h N.
The Stock market during the past week has been as
tickle and cbangeabe as the weather TO which l. may
be very well compared-one day looking fair, bright,
and pro nisnp and the next heavy, gloomy and soft
The crisis at Washington has not yet reached its
tnrpine point although many consider it near az hand,
and az Albany the pro rata still hangs IN ter
roren over the Railway Stocks which come within i's
influence The whole country, TO say nothing OF the
stock OPERATORS seems 10 Of suspense, peading
the sauabble at Wssbngion and nse sd of suffering,
AZ he retoioIe from legislation, the enterprise aud
energies of the people appear 10 be under a
spe,ies of paralysis from lack of it. If Albany
car1.s the proposed measures against our Rail ways,
however, we presume the complaints will be q1te as
loud in the other direction On Thursday AMI Friday.
advice from Washington inspired more hopeiutone,
and Il ere wac II ore confident feeling among buyers,
as well ss moderate Improvement in prices. Tals
favorable turn in the market las ed through the week,
interrupted however, by an occasional relapse There
il a great deal of hesitation and tiuidity among the
buls end The movements which from time to time ap-
near 10 be commencing with earnestness and vigor,
fade out sgain before twenty -four bonrs pass. Many
of The ead bea have closed up theirshort a;couns,
and in come instances have taken moderate ventures
-or The rae bu there still few bold operators VINO
not only keep out their short Ines but of late have
increased them largely. The market nevertheless ap-
pears TO be generally rising one, and although the
few who operate for the decline, have for the moment
a stronger influence than usus prices upon the whole
are gradually hardening. Ii that long hoPed-for event.
the orga1zs Of the House, takes place daring the
eneuing week we shall expect to witDess brisk raj
in prices aid an increased speculative activity, not
opy tscause such is the general anticipation, bur be-
cau,e r,ces have thus far been very much depressed
by the clouds which ouch an event would
remove. The most important transactions OF TO-
CAV were ia New-YorK Central, Paoama, Gaiens,
and Rock Islhnd. Of these, Galepa was the only
stock which did not improve materially although there
was no ms rb ed change In either The depression Ill
this stock is partly owing 10 foolish report circulated
very ndusiousy in the street, to the effect that the
Company proposes TO pay 's first mortgage bonds due
in 1862 ard 1868 in preferred stock. The whole story
bears tb. mark of fiction on it's face; but, admitting
that such mea practicable we do no! understand
why i. should have an adverse effect upon the stock,
from over which a mortgage debt would be removed.
TIE idea, however is 60 utterly opposed to common
sense. that we can hardly understand how it could
obtain currency for moment. We have not been
among those who claim for the Galena road sach bril-
liant prospects for the year, were so confidently
tall ed about early IL the last Autumn; but is simple
Justice 10 state that miserable the business of 1858
and 1859 was Tor Western Railways, the G ,lena
the only one out of all Of those of the Northwest
and the only one which has terminus at Chicago,
which bas earned and paid dividends during
the time. Pacific Mail and Reading were
both rather dull and heavy the former under the
Ann mn L.. h. 4, nd
latter in consequence Of diminished business during the
past week and he adoption of the sinkDg.uDd clanre
in d propos. rene wal of the 1860 bonds whih AL
though conservative and intelligent M asufe, Will
lie essary interfere with dividends, until business i'm
proves very much. 1t is stated that combination 10
raise tolls upon the different rontes il in contemplation
Ii this ia practicable would result favorably to the
Reading Road. Illinois Central was in good demand
during the day. but is not active. The stock sold at
o7I al the Second Board and tina, price aferward
bid. The busisess in STATE ,tocks was more active,
and Ir,ces were generally frmer and better. Vir-
gnias MssOurs and Tennessees were the most proml-
nent. Railway bonds also rather better, with lin
tied transactions. There essential change in
prices at rhe Second Board but the market rather
dull No sloggi-h The closing prices were: Virginia
e. 9Ii ag:i; Missouri 6s 20 679; Canton Company,
lC2aI7; Cumberland Coal, l5Sl5l Pacific Mail,
76I07GJ; New.York Central Railrca d, 49, S73s
Ere Railroad, SfdSi; Hudson River Railroad, Ali
Harlem Railroad, 909I Harlem Preferred, 33a34;
R,aoine Railroad, 3si 03ss; Michigan Central Rail-
road 3fs03ts; Michigan Southern and Northern In
di ns, 6aei; 90. Guaranteed, l4i0lii; Panama
Railroad, 1870 0l3Cl; Illinois Central Railroad, 5i0
57l Galepa ind Chicago Railroad, 5Sl Cleveland and
Toledo Rairosd l9. ace; Chicsgo and Rock Island
Railroad, 63, a 63l; linos Central rs, ~ 1881.
TIE market for foreign bills closed last week with
very IN DEBATE business,
The business Of the Sub-Treasury was: Receipts
$A9O 7S 97-for Customs, siSI 600; Payments, s26s-
$50 81; Balance, 1885,, 1913 &C. Treasury notes re-
ceived for Customs during the week, $239, 1903 co.
Tie receipts for Customs very large to-day.
The following the earnings in detail of the Mich.
gan Southern Road the third week in January 1859
and lSC0:
from 1859. 1870.
Pa,t.Dger..............fl, 49l ~ S9t85 %
fnighI.... ........... ii 3fl 10 2lR3z2
Mals............. luS4 10 1904 g