New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-03-31
MospAY, March 30-r. n.

III n
The Stock market was quite s.rong this morning a.
the opening, and the business Of the First Board va
large. There was rsher an active Inquiry on buyers
cptoIe hch met at less than the usual ference
There marked -position shown by the shorts
to take n stock. At the Second Board the strong feel
ing OF the morning was not sustained and the market
generally was lower closing weak after the Board.
The most MAJ ked 9ucuaiion of the day ws' Michigan
Southern, which cold at IA in the morning snd closed
at 72l a72t. The transactions were 5000 shares.
Central quite active, and touched S9l, but closed
at ssi 50. Reading VAS 79s a79i, having been 90,
showing an improvement Of ! 2 cent on Saturday.
Erie opened at 532, and, with sales of 6,OOp shares,
fell of to SO 53l decline of p cent Saturday
price. The Iumor that this Company had borrowed
money the 5000 shares OF reserved stosk for the
payment Of the March interest, which was aired in
ole Of the morning journals, was quite freely
commented upoD, and probably produced some
in precision upon the msrke.. If the Company
have pledged this stock, in regard TO which
We have 10 official information, presume they had
an undoubted legal right to do so, and we have no
doubt the Company complied with all the legal re-
quiremeLts necessary to make the stock good end
valid security to any person holding or purchasing IT,
If the Erie managers ksve been obliged 10 use this
stock it 10 only temporarily, under the unexsmpled ad'
we're results Of the Winters busness-s result pro-
dueed by the combined action Of the engineers strike
followed by a Winter of almost unparalleled
severity, and by the ffeshets of this Spring.
The Western Shares generally were strong in the
morning. but sold at the Second Board at concession
The Bank Statement not considered favorable,
and the heavy feeling assisted by the low sse Of
securities at s.ction by Nicclay, and by rumor of
defaults in payment Of interest On the LIST prox. The
operators for fall did not fail to avail Themselves Of
these circumstances to ntimdate the bulls. Illinois
Central Bonds were strong selling at 1921. In other
descriptions, and in State Stocks, there but little
done.
The Exchange market lie firm for Sterling at s. aSi
for rst class bankers signatures The supply of outside
bills is not large. Continental bills dull and heavy.
Grain Freighs are rather lower. To Liverpool the
engagements are 1900 bbls. Flour at Is Cd 4O0OO
bush Grain at g. I'D 500 ba es Cotton at 5-32i; 300
boxes Bacon at 20s. 800 bbls Lard at 2Os 100 tuns
OIL Cake a, 1913. 10id. To London, Flour at 2s; Grain
nominal at 7e7Id; Bacon at 22s cd GO tierces Beef
at 404s 3D. To Rotterdam, 100 bbls. Spirits Turpen
tine at &c. To Bremen, so hhds Tobacco at 25s. To
Msrsees, 1900 bush. Corn at 2c. 20, 900 gals. Rum
at &c. brig from Bucksport, Maine, to Mstanzss,
with Lumber at $40. Three vessels for Porto Rico,
with Sugar. at about 42I, and Molasses on deck at
81 5Oa$3.
The buspess Of the Sub Treasury for to-day was as
follows: Receipts, $685. 90; Payments, $780,
747 IS, including s2l 900 Calfonis drafts; Balance,
$l5,4Ss,721 70.
The Orient Mutual Insurance Company has called in
the outstanding certificates of profits for cancellation
the amount represented by them having been absorbed
in the payment Of losses.
The earnings of the Michigan Central Railroad for
the third week Of March were:
ss & !: 3D. = !;
1880 80 sH,s7Oa
The Clereiond (Obio) Herald says that the Senate,
in Executive session, confirmed the appointment of
Samuel T.. Bull Of New. York TO be Transfer Agent Of
the State in New-York Cty-Yeas 26, Naysl The
APPOINTMENT was made by the Fund Commissioners,
and is one Of the best Offices in the gift Of the State
The Auditor of State Secretary Of State and Attorney
General COZ sttute the Board Of Fund Commissioners
Mr. Bull has been the acting Transfer Agent for the
year or more past, and better selecton the State
could not have made for permsnency.
There has been large business done 10 Cotton in
uansitu, some 5000 bales at steady prices. Flour
continues heavy. and fell off &c. p Dbl to-day Wheat
is heavy and Corn very active for export at previous
quotations. Pork is4regular. Sugars have advanced
iqIc. Coffee and Molssses are steady. Black Teas
are active and firm.
The Morey market for the week opened with an
active demand and rather less freedom of supply in
some quaters The scvity at the close of last week
is accounted for by the decrease in the Bank oan1
The Exchange drawers have been calling in loans
but will probably be lending again on Wednesday.
In paper we notice no change.
The Bank Statement of the week is favorable, mas
much as it shows continued check to the expansion
of Loans which was kept up in the latter part of Feb
rusry aud the early part of this monh This conserva
tive action on the pst of the Banks should be perse
yered in until the line Of Loans compares less unfavor
ably with the Specie reserve. Bank officers should
disregard the opportunities Of stock operators, and
col fine themselves to meeting the legitimate demand
from the business community, at least until the Specie
line is largely increased. BY the present report the
Loans show decrease as compared with last week,
of 1854 COO. The Specie line shows an accession Of
ONLY s3i Geo. ding the small drain since the
last California delivery. The Banks have now, how
ever the gold By the Illinois in addition to the average
SHOWN in the statement. The Deposits show an sp-
n,r.pt falling off of 50 800 OOO but, allowing for the
decrsas ed business of the Clearing House, there is
increase of s2j2, 600, the undrsTn deposits being
sec 22s COO against $65, $40 900 last week. The
parison with last week is