The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-13

20 shares FIX lior Fire tlsuIa1co Com 10}M
Albert e. Ncolay's regular semiweekly auction
sales of stocks ard bends will take place tomorrow
Thursday, at III o'clock at the Merchants Elk
change The catalogue are informed, viii in
chde an unusual large variety Of first class bonds
and stocks, among which are named the Bowery,
National, Firenens, Howard, and other insurance
stocks.
At the second board the market was without
much change. Elie, Reading, anG Cleveland and
Toledo were moderately active. Reading advanced
per cent. Cleveland ard Toledo fell off |; Erie
Raj read, /; Michigan Central Railroad 4. There
was sale Of New Haven and Hartford Railroad
this afternoon at l22i per cent. After the board
Nicaragua was offered at 223 per cent. Erie Rail-
road at 81; Reading, oil; New York Central, Oh;
Galena and Chicago 1923; Illinois Central bonds,
Ss{. The market was steady at the close. We must
not look for large receipts in March from any of the
Western railroads. AL the lines between this and the
western end of Lake Erie have had hard time of
it lately. On the 4th inst that section of country
was visited with the worst snow storm Of the sea
con- which not only largely reduced their receipts
but increased their expenses 10 more than double
the usual rate. II has been, on the whole an IN
fortunate season for railroads. and must interfere
materially with their dividend funds. We do not
believe there is a road east Of Lake Michigan that
has earned dollar net since the lst Of Januarylst
The snow and the cold has not only restricted travel
but added heavily to the expenses; and those con-
panies which have not actually lost money the past
winter, may consider themselves fortunate.
Francis Leland, Esq, has been appointed Presi
dent of the New York County Bank, in place Of
Chas A. Macy Esq, who has been elected cashier
of the Park Bank. Mr.. Leland is one Of our mos
successful merchants, and win prove valuable &C.
QUESTION to the Institution OF which he is now the
head.
The steamship Arabia, at Halifax from Liver
pool, brings seven days later intelligence. The
news is in no way important. Politically there
has been no change. The Peace Conference
was progressing secretly. An armistce had
been agreed upon, but preparations for 4
continuance of the war were going on active.
~ Nothing had transpired relative to tho Peace
Convention, and all sorts of rumors were .oat re-
garding the result Stock spectators on this side
OF the Atlantic must be prepared for the most start
ling reports. We shall have an abundance OF them
before the conference terminates. They will all be
put forth for stockjobbng purposes, either to favor
the bull or bear interest. Consols had advanced a
fraction. The closing quotations were 81 81 per
cent. By the previous steamer 81 por cent was the
extreme quotation. The demand for money COZ
tinued active at fell rates. Cotton was without
change, with dull market. Breadstuffs were lowe.
The Atlas Mutual Marine Insurance Company has
fsiled, and We understand it will be bad one. The
Gcapeny has been embarrassed for some time Last
December Il obtained help 10 the amount of
100000 from certain parties, in the shape Of notes
with the hope Of being able to work through but
the disastrous storm of January placed the COM
pany beyond all redemption. The losses Of ind-
yiduals connected with this company will be large
The past season has been particularly unfor4
-s..r marine insurance companies. J. oas $50,
w..sssred them III. Parties who gsve their notes
to the Atlas Conrany hast December find great
deal Of fuI. with the managers for involving lhem
in its bankruptcy; bat they have no redress. The
mutual plan is very good so long as the companies
are fortunate, and 10 longer.
The Assistant Treasurer reports to-day as fol-
psid on Treasury account s2si,7ss 81
R Rs.ar .'''......'. I lso sis u -
Paid for Assay Oai.e 1858 81
laid on Disturbing ohecks.............. %, SID go
The steamship America, from Boston for Liver
pool to-day, carried out 100000 in specie. The
steamer from this port on Saturday will take out
large amount. The steamship Northern Light, from
Nicaragua, is about due at this port with two weeks
later news from California and the usual semi
monthly remittance Of gold.
The Park Bank has called in the final nstalment
Of ninety per cent its capital. 1t is payable on
the 3lst inst. The bank will commence business on
the LIST of April.
The Phoenix Fire Insurance Company have de-.
clared semi-annual dividend of ten per cent; the
Minnesota Copper Mining Company, ten dollars
per share, payable one-half June l, and onehalf