New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-09-24
SECOND BOARD
SATuRDAY. Sent. 22-P. N.


SATURDAY, Sept. DIP. NJ.
The market opened at rather lower quotations for
prominent stocks, and for the Western shares particu
larly, bad as stock operators express it, ragged
appearance. The strongest of those actively dealt in,
and apparently the favories in speculative movements
were New-York Central, Hudson River, and Erie.
Harlem alec was steady at the quotations. Toe cause
of this lew popularity acquired by stocks Of our local
rosds is TO be found in the rapid growth of business
which comes daily under immediate observation, and
which satisfies who investigate that the present
traffic is net only very profitable bu! that the prospects
for year have in respect been exaggerated
in previous statements. The new movement in Erie
is remarkably strong and far can be ascertained
originates with men Of large means, who are
thoroughly posted in regard TO the business general
affairs Of the road and who have become satisfied that
II is destined TO be taken out of its hitherto doubtful po
son by earnings large enough to pay interest on its
debt, and handsome surplus TO shareholders. How
much Of this calculation is erroneous can only be as
cerained in the development Of business but there can
be doubt that great change has taken place in the
opinions Of many who accurately informed in re-
gard to the business and financial affairs Of the road
There a very well sustained attack on the Western
shares by the bears and in several instances the opera
tons were attended by temporary success. Rock
lslar and Michigan Central particularly shaken
down without opposition, and small advantages were
alec obtained in Illinois Central and Toledo. Other
Western stocks show but slghchange compared with
closing prices Of yesterday, and for majority inc I'D
ing those which declined, there good demand at
tie lowest figures touched. Beneath the surface Of
the market the tone that of sluggish strength, and
the decline established seemed to be quite as sa.isfc
tory TO the hopeful class of operators TO those who
take the oppOsite view. In fact, there has been for
some time bat little If any objection on the part Of a
large majority OF the Stock Exchange TO decline ia
prices, which would afford an opportunity for aud
advantageous purchaser The obstacle is outside of
the Board raised by cTedulous public, which insists
that railway properly is more valuable if it is
productive. The Bond market without especa al ae
vity, is generally firm and for some descriptions better
State Stocks somewhat irregular There ia steady
demand for Virginias, North Caronas and one or
two more States, for banking purposes at the West,
and large amounts Of these are forwarded daily to
make basis for currency which is actively employed
in the Crop movement. The Mortgage Bonds OF tho
Eis road in demand and higher and the unsecured
bonds also better. Michigan Southern Second
Mortgage advanced per cent and were in demand.
At the Second Board the market stiened up decidedly
and the improvement extended even TO the Western
shares which had shown weakness in the morning, al
though the advances were not important NeH-York
Genital and Erie were very strong at from TO per
cent above the morning prices. After the Board the
dealings although not large, were at further i'm
ProVement and the market generally strong ut the
close at the following quotations. Missouri Ga, 79i
@iCanton Co., 2lii Pacific Mail, 80 6OI; New.
York Central Rail Dad, s9aS9!; Erie Railroad
0Id3Ti Hudson River Railroad, 63I o633; Har.
lem Ealiroad, ~ Gl9l; Harlem Railroad Preferred
49, 49!; Reading Railroad 4Sl 49,; Michigao Cen.
ual Railroad, 69ld7Oi Michigan Southern and Eorb.
ERR Indiana, 22la23; Michigan Southern and NORTH.
ern Indiana Guaranteed, 49, OBI; Panama Railroad
1921 0l2i; Illinois Central Railroad, Ssrip Sas,l,
Gslens and Chicago Railroad, 7Ss e7SI; Cleveland
and Toledo Railroad All 94S Chicago and Rock
Island Railroad, ~, a7sl; Chicago, Burlington and
Quincy Railroad, 92a92ii Illinois Central Is 80 99I
There is no variation in the foreign Exchange mar.
ket, the quotations for steamer to-day ruling nornav
Of the day previous when the bulk Of purchases are
made. The range for Sterling is 1921 1895 for bank.
ers bills, with concessions in the way Of brokerage
The Illinois took $i4S 1862 in specie, and the City
of Washington $li,67l, making tae total shipment
of the day $lG3,O33
Freighls-To Liverpool: Ct, 900 bush. Wheat at l2I
al3d. in bulk, and l3d. in ships bags; 900 bbls
Fltur at 3s. 3D. 900 boxes Cheese, at sos. To
London: 1000 bbls. Flour, al ls To Bremen 100
bbls Ashes, at 3Os. A bark of 2lj tuns out to Port
Rico for Al lOO port charges paid brig Of Us tunS
TO 81. Johns, newfoundland, at 50c per bbl. A
vessel of 100 tuns to Windwald leland for 81 ,OOO
port charges paid, and bis and bark from Port
Even to Atpinwall with Coal, at s. So
The busuess Of the Sub-Tra1ry was: Receipts,
1880 6l2-for Customs, sl23OOOi Payments, &l5jS56
ST. Balance, sj,il6,SOl 10.
TIE actual oyoIssue Of Pacific Mail stock redeemed
y the Company exceeded 500 shares Il lie agia m.
nored that Com. Vanderbilt an Mr. Roberts have |
oms to friendly understanding. The delay by the
ing Of tie rock in tie Bergen Tunnel win not ox eed
orty-eieLt hours. The rock was considered Danger.
as, and wolknep we're afraid to work at Glching
or il. slgn was accordingly being sunk f;Jm the
lIface, for the purpo.e ofremoyine it, and while the
,bolers wee At dinner the fhaf tel G and the I5ek