Year: 1859

The week closes upon heavy stock market which fact
is the more conspicuous after the rmness of the few days
nent railroad shares has been partially lost under
raj disposition to realize. The stocks which were most
buoyant yesterday are the weakest to-day. New York
Central, at the close. sold down to 76h9 Harlem
Preferred to Il Michigan Central 534 The tenden
cy of the market is downward. The supposton
IS that the majority of those who instrumental in
bringing about the rise quietly unloading them
selves This view is strengthened by the heavy cash
sales of New York Central and Rock Island Micbi.
gan Southern, both common and guaranteed is
quiet at decline of 4dA per cent from yesterday 5
prices The Western Railroad shares generally were
more freely offered though important decline took
place. Pacific Mail firm at 81 bid. Panama was
also firm at III d22 Delaware and Hudson has further
MIA Coal is steady at SlH The transactions in the Fed
era Fives of 1874 usually large the stereotyped
hgure-lO44, with few short contracts at 104 The State
stocks without material alteration being only slight
lysahected by the heaviness of the share list.


The screw steamer New York. for Europe today takes
Sl7SOOO in specie There was only moderate business
done in exchange bills which is much as was expected
after the heavy transactions by the Persia The principal
sales of sterling were at l09HGl1O and francs at 512H9
511A


The weekly bank statement preparing to-day will it is
believed show further expansion loans The specie
will probably show slight increase. The California
treasure will count one day in the average The Sub
Treasury has lost very little this week. There were few
drafts sent by the Star of the West which accounts to
some extent for the larger remittance of gold.


The imports of foreign dry goods for the week the
port of New York less than for last week larger
than for the corresponding period OF either the prece
ding week. as will appear from the annexed comparison:


For the week. 1857. 1858. 1859
Entered the port 81 O22 100 1886 S35 slS45 ss4
Thrown on market. S69,24s 6O9766 l,324 AL


Since Jan 1st. 1857. 1858 1859
Entered at the port 52I s34 1888 sS6 5ss
Thrown on market. "a 30S 203 1925 $50 37e1547s


AT the annual meeting of the Baltimore and Philadel-
phia Railroad Company last week. the President made
statement in reference to the he had to pursue
since the termination Of the late compact between the
four great lines in maintaining policy favoring the in
erests of Baltimore in competition with the New York
lines:


The New York Central Road, the great passenger
route had now not only cut down its through passenger
iare on fast trains to low point with view of compel
ing with the Baltimore and Ohio Road, which was CON
tent to run at moderate speed and corresponding reduc
ton of price, but had also during the past week cut down
its freghts to such extent the dvan-
tages afforded by the Baltimore with cheap water
connection at each end The New York Central started
with 20 cent reduction which he assumed the authority
at once to follow then tried another 20 cent reduction
and again he followed; and finally it reduced 10 cents
further which he likewise did He had thus taken the
responsibility of acting and that the advantage belonging
to the Baltimore route should still be preserved It,
hoped the Board would make expression of its
views on the subject


After some discussion, resolution approving the
of the President and authorizing like action to such ex
tent as he might deem necessary adopted without
dissent