The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-03-16
FINANCIAL AND COMMeRC GAL
n ON Ely MAR REr,
MOGDAY. March

The stock market opened dull bot slightly baos-
ant, ths morning The changes in prices quite
derste and the transactions in all the leading specu At
railroad stocks we're limited good portion Of the ousi
pess on time principally buyers option Operators for
arise appear 70 have paused In u cir efforts for general
ha'ion and stocks evidently settling down in smaller
lots and into greater number AZ the urs board
to-day, Virginia State 6s advanced per cent Ia Crosse
land grant bonds n Canton Company, y; Cum and,
u Michigan Soohesp preferred, u Gsiens and Chicago,
4 cleveland and Toledo In severs, Stocks there ~As
slight improvement the opening prices The market
Is in coDditiop be favorsbly affected by q very
small quantity of good news from any quarter, and the
arrival OF the European steamer due with encourag
ing advoes Of a financial and commercial chac acter
would without doubt give another impetus N prios
perhaps repeS the excitement At the second board
market generally better, with gu active bus,
ness. La Crosse land grant bonds advanced I per
cent; New York Central 6s, u; Erie, N Hudsou RIVER
Railroad, Ia Reading, "a Michigan Southert,
common, !; Cleve and and Toledo 21a ncaeo aud ROCK
leland y. After the board prices ,eper aod the
ua ket trmer. There we're good mauy soort sellers
both boards TO day; but the bear party mncn
force at present. preferrpg TO higher fgdres
more active speculative movement.
The assistant Treasurer reports to day folows:-
io.si receipts ....'......... '...... s.as I5s 80
paw ACKNOWLEDGEMENTS. AZ ,S92 OF
" balance ........... ........... e79 vo+ ~
The receipts today inclu lie SIS GOO from customs
II will be seen by Geographic despat another
column that the bios for Treasury range
per cent interest The government will get money
much Ut der average OF AZ per cent.
The steamship Star OF the West this port from Aspn
wal, brings The regular semi monthly remittance Cali
fcruia gold. The amount received is 81 279 OOo-a
smaller sum than usual.
The for last week compared with those
the week previous exhibit following variati the
aggregates Of the leading departments
Increase in leans and discounts. s27,763
Increase specie ................... pa ,345
peoie Ase in circulation NEUTRALITY-SUSPICIOUS.. 9s 600
The only item in which the change has been beyond
general antcr aon ia deposits and the increase that
department has been excessive, In view o. the limited
in discounts The line Of loans gradually creep
ing mp, and larger than 1. has been first
week in October The increase in the specie reserve is
fun large expected Another California semi monthly
remittance in banc, of and quarter million OF dol
sTs which 60 into the banks. The average is there
fore rising one, and may look for thirty four millions
IN the statement The actual deposits have reached
an enormous amount ensurDg easy money mar ket for
many months To come
s the impression in financial circles that the reason
Why the directors Of the Union Bank did upon the
warning OF police officer Keefe at earlier day,
the fact that election hand and an ex
pee would at The moment have been exceedingly un.
pleasant As that election over which all
the Old board elected the operations Of the book
keeper were looked into II would be good rule among
uoneyed corporations IT, upon the discovery OF such
large deslcatons and other evidences gross misman
Sgemeut the board Of directors would resign give the
stockholdsrs the prvle Of election There woui
be something such movement calculated 70 give
public confidence the old board could show tina, the
oe,alesuor or any Ohsr ssal' had sssn beyond their
power 70 prevent the stockholders would Gerry likely
70 re elect them; but II, the contrary, 1t Gaown
that the losses entirely from neglect and the absence
of proper supervision then the stockholders could PRO
iec themselves against further rascates the part Of
their subordrDates by electins entire new board
The transactions At the Clearing House TO day we're a.
follows
lSiAl bsAbces.........s........ piVSl III
The name Of the company known heretofore the Mad
River and lake Erie Railroad has been changed that
Of the sAndusky, Dayton and Cincinnati Railroad Com