New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-01-03
WEDSTspAY. Jan. -

WEDNESDAY, Jan. 2--P. u.
The movement Of the Stock market strongly mp
ward to-day, with rush TO buy ruch IA has not been
eecn iJr long time past. The elements of the market
Weir the -ane as described in ast issue, with the
addition Of large speculative action inaug1rated by
tho tenor Of the aNiccs Washington which werc
yiowedas giving reason to hoIe for peaceful solution of
tho political imbroglio Ut present existing. II was cur
r,nty reported and generally believed that Mr. Seward
had given his aeent TO the proposition OF M Cren'
don and that there WA ut last hope Of an arrange
ment of the diculies with the South being consum-
mated This brought in strong reinforcement OF the
street operations for the rse, aud Of tho bears, VINO hs-
tened 10 cover shorts The result Wa a rsc of to
4 cent on the entire list, with an active business,
which continued between tho Boards, the tendency
,lill being upward. At lie Second Board the
transactions were unusually large, the bulk OF the
transactions being for cash. with more disposition
to operate on buyers options. Sellers options
were al-o more freely taken and ess freely offered
There was 10 special rsc in any individual Stock such
ns was oocasoned Monday by scarcity Of shares for
delivery but the whole s participated IN the advance
and WIZ well sustained at the clOsc. Central, which
opened at 16 cold 10 high IA ~. The suggestion in
the Governors Message that the restriction in regard 10
paseengers' iarcs 10 two cents per mile should be
removed, Lad "a very favorable influence. Hudson
River was very buoyan touching ~ against 10 on
Monday. Enc sold high az iOl and cash stock was
in active demand. The Harlem Issues advanced - v
cent. Pacific Mail touched -, and was firm at the
close The question Of quarterly DIVIDENDS came up at
ts Board to-day but discussion WIS unnecessary, rs II
Wa found, upon examination, that the bylaws re-
auired then The February dividend Of . cent has
been earned and will no doubt be declared at the
proper time. The Western shares ARE in good demand,
and very buoyant. The Improvement was generally
frpm I 10 3 u cont but WAS greatest III Toledo.
and Michigan Central. The latter improved v cent.
on A rumor that 3 T. cen, dividend would be declared
rlory. We have heretofore had reason 10 thHs hat
10 dividend would DO declared at present. ledo
jumped y cent, having sold at -. This Is D. very
sensitive stock as il is known to be in sound financial
position with increasing business, and IN location
TO feel tie influence of revival OF the produce move
ment as fully as any other road. IL is believed that
wi earn respectable dividend in its stock IN 1901.
II earned more in 1860 than some shares which are
selling ut nearly double IL price. Glena 6old NJ 'Vi
for the openne and Rock Island ut 56l. In tho bond
market the quotations showed an Improvement, but the
transactions were not very large. Missouri ID im-
moved 10 H. coupon off, against 20 Monday, coupon
on Vuginins IS, an advance of i y cent. Govern
men stocks are also better the D. OF lof selling ?5
ex-interea In railroad bonds tic transactions were
not important excepting sales of $4,000 Michigan
Central p at 3D. The Bond market was very strongly
held ut the cloee. Tho closing prices were u B. ID,
1874, 9OQ93; Tennessee State u, 1914; Virginia
State Gs 7G Missouri State u. 0I97li Canton Com
psny, I4l 8l5; Pacific hail Steamship Co., o9aSl;
New-York Central Railroad, IS, G7s3; Erie Railroad
iOQiO Hudaon River Railroad 49, Gi9si Harlem
Railroad, lGa l6l Harlem Railroad preferred, 3Sl0
3S}; Reading Railroad, S9G39ii Michigan Central
Railroad 81 ass Mich. South. and n i. Railroad,
lea l6l; do, guaranteed, 14Sli Panama Railroad,
II3a ia; Illinois Centssl Railroad, 76l3'eli Gaiena
and Chicago Railroad 70a70,; Cleveland and Toledo
Railroad 34l a3il Chicago ard Rock Island Railroad,
56o56l; Chicago, Burlington and Quincy 6Oia6'i
Illinois Cent. 6s, 93lG9i.
There has been but little doue in foreign bills to-day,
and rates are unchanged. The mail for the steamer
gas not large one. Sterling is lcl the latter
the asking rate for bankers signatures. Francs are
5.50e5.3J.
Freghts To Lvcrpool-2l 900 bush. Wheat at IL d
llJd in bulk; $50 boxes Bacon at 3Js a37s. Cd 80
casks Rice at 4Os., and 1000 boxes Cheese at 45s.
$500 bbls Flour at g. 6d $4,000 BUSH Whest At l3d,
in bags; 100 boxes Bacon at 49, and 900 bbl Crude
Turreniine u De. lid. ToGlssgOw: Sooobush- Whest
q vi. Ia bsS. II Bssuea; Ie hsasa Cetssa n lSs