New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-05-08
MONDAY, May 7-f. n.

The Stock market this morning, although not very
active was strong showing an advance IN nearly
every description The influence OF the specn ship
ment on Saturday. which was the chief reliance OF the
bears appeared to be exhausted. The motives Tor TING
large shipment generally understood in the street,
and il is thus robbed Of its bear element The STOCK
market only feels the specie drain through the money
market, and that is as yet unchanged. Inc
outside speculative movement, which was
brought TO a stand by the decline OF the Last
week or two is beginning to move again, ous
not to any important extent. while the bears
exhibit no disposition 10 resist the market vigorously.
Central opened at 79, and continued very hrm as inc
call proceeded We hear, unoikcally, that the April
earnings show 100000 increase and seml-ohclally
that the gain will he very near, if not quite siooooo.
The Nav business thus far is also very large. Erie
continues to advance under speculative demand, part
" on English account, and it sold as high az l9l.
Reading was firm under the improved traffic, but was
not active. Panama drags at the advanced rates and
was put out sellers options TO some extent at l45l
Pacific Mail is quiet but steady at l05. In the Western
shares there was but little done excepting in Galena
and Rock Island. Both were buoyant, and advanced
q cent Rock Island sold at 81 seller ten, against
co. on Saturday. The business of the first week OF
MAY promises to show a large increase Michigan
Central was strong, but the transactions were mod
crate AT the Second Board there was large dlspo-
siton shown 10 buy and higher quotations were estab-
lished Central sold at 791, and closed az that bid with
but little stock Offering. Eriewas very firm. Harlem
sold at 10, and 3SI was bid for the Preferred. The
APRIL receipts will show $4,000 or $4,000 increase
on April, 1889 Rock Island sold up TO 69,
and Galena to 81. The Michigan Southern
issues were in demand and firm the old at l2ic, bid
and the Guaranteed at 2is. At the close, without
many transactions the prices of the closing transact
tons were bid in nearly every instance. In the Bond
market without important transactions the quotations
were well sustained. The Erie issues were firm at
full prices Missouri 6s sold at s3s, Virginia 92.,
Tennessee g. &c. Erie Convertibles sold at A. Tie
First Mortgage was &c., bid; I'd, 962; 3d. 81 4th,
66d7O; 5th, So Q59; Sinking Fund, Al, &c. Other
bonds were dull, but very firm. The closing prices
were Virginia 6s, 92l a92i; Missouri 6s, S3i 9Sl;
Canton Co., 2Cf G2ll; Delaware and Hudson Canal,
99t a 100; Pennsylvania Coal, S3lG&l; Cumberland
Coal Co., l4GliI; Pacific Mail Company, lOis CLOS;
New-York Central Railroad Company, 79i079';
Erie Railroad Co., l9Ial9l; Hudson River Rail-
road Co., Al az; Harlem Railroad Co., l3Sl3i;
Harlem Preferred 3sl $751; Reading Railroad Co., 42t
43; Michigan Central Railroad Co., 4Sa G49; Mchi-
gan Southern and Northern Indiana Railroad Co., l2k
dl2S do. Guaranteed, 24s a2i} Panama Railroad
Co., 145I a l46I Illinois Central Railroad Co., 59iS
| 60; Galena and Chicago Railroad Co., 6ia 96ii;
Cleveland and Toledo Railroad Co.. 294 929i; Chicago
and Rock Island Railroad Co., CT d67s; Illinois Cell
trail Is IS aSSI.
The demand for foreign bills quite light, bat rates
are steadily held. Sterling lO9SlO9i, Francs 5l6ls
5.l2l. The supply Of merchants bills is moderate.
Freghts to Liverpool: 10000 bush. Grain, at SD,
for Corn and SEC for Wheat, in bulk; $500 bush.
Corn in bags, at SEE. 100 tes Beef at S. Cd; 225
bales Cotton at 3D.. 30 tuns Wood at 3Os., and y
steamer 10000 bush. Oats, at l0d. y 60 ID; l,4Oo
boxes Cheese, at 4Os. 100 Beef at A.. Cd; 80
casks Hams, at 30s. To London: 60 tuns Wood, at
22s I'd. To Glasgow: 100 ties. Beef at 5s. 200 bbs.
Rosn, at 3s. A brig of 200 tuns, TO Sombrero and
back TO Hampton Roads, at 81 tun. vessel of
$50 bbls. capacity TO Jamaica and back for 81 $50.
| The business Of the Sub-Treasury Receipts,
| s32S, 72S 77-for Customs, SlO3,O00i Payments,
| $52s, 25S 80; Balance, s6,Si93i3 rs.
The official statement of the earnings Of the Michigan
Il m