New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-08-16
MINING BOARD
WEDNESDAY, Aug. II, 1860.

WEDNESDAY, Aug. Ia, 1901.
The rally which seemed at hand at the close Of
yesterday came upon the market this morning with
sudden and unexpected vigor, and the buying was
widely distributed and earnest from the opening to the
cose of the first session. The orders by telegraph
aud otherwise were very heavy, and the Commission
houses had full employment. We hear of several in
stances where time orders without limit as to price,
could no. be filled without paying extrayagaut differ
ences-such as no good broker in the exercise OF
sound discretion would pay. The market was active
throughout, but the excitement greatest in the
Western shares, nearly all of which ran up from II
10 per cent above closing rates of yesterday.
The largest dealings were in Cleveland and
Toledo, which changed hands to the extent
of nearly 1000 shares. This Stock was hammered
more e,ey than any the lia but the demand
strong enough TO take all the Stock Offering either for
cash or on time The short interest is undoubtedly
large in this Stock and its advance is opposed with
obstinate vieor. The small gain of the first week in
August over the traffic of last year. probably sucour
agedthe putting out Of further line of
but it is well understood that the Toledo begins its
large traffic ater than most of the Western roads, aud
no important increase has been expected until the crop
is fairly harvested There an important riss in
Galena, Illinois Central Rock leland and Michigan
Southern guaranteed and the figures reached during
the calls are not much behind those current before
the recent decline commenced, Michigan Central ad
vapced also 10 6S, rise of u v cent and the price
for Chicago Burlington Quincy from $780, bid at the
cloee Of yesterday, run up to 81 at which it was rm
The advance in this stock during the last four five
months has been extraordinary, starting from 10
the minimum, aud running with strides of from 10
T. cent, With but brief reactions on the way, tos0.
The strongest evidence Of ability to and pay large
dividends has been necessary to sustain such constant
and rapid Improvement. New-York Central was
frmer and better, advancing TO 81, but was a
little lower between the Boards and in the afternoon.
The official contradiction of the injunction
rumor had a favorable effect, although bat
little credit was given to the report Erie active
and advanced to 2s the call bat not quite so
firm at the close of the call The receptsof July show
an increase Of 81 000 Hudson River was very strong
and went up 70 59 moderate sales and Harlem, old
stock, was i'll lively demand at an improvement of I
az v cent. We notice. for the first time for several
months, sales Of Carey Improvement, at 81. Toledo
and Wabash, which was placed upon the regular list
few days since, made its debut at s. Carey Improve
meDt has at times been quite active at our Stock Ex
change and although not 30 well known here as In
Boston, has solid and indisputsble value. The Com
paty own in cash and go ID real esa morg ages
more than ~ y share beside large landed property
The Bond market was firm throughout but the lime Of
the session was pretty well absorbed in the share bus
ness the adjournment not taking place until after
O'Clock. AT the Second Board there was moderate
and healthy reco in some Of the stocks which ran up
too rapidly In the morning. but the market was steady
at the close and rather better late in the day 10 the
quotations establibsd VI the street corners Tue clos-