The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-05-16

this may account for the difference In rates. We
hear of some sales of excellent bills at 1093 Francs
we're quoted At 5I33 5.l2A. The stdomships Ten
tonia, which sailed today, took out $4,000 in
specie, Of which $ll7, 900 was in silver There will
z be fair shipment on Saturday.
The following the last quotations Of sight ex
change on New York at the cities mentioned, the
4 quotations being in all cases for gold:-
Cn'caso... .."..-s y premium.
~ Louis. ....................ka a.
= Nlncmnsn.. ............. ............. y y
New Orleans. ....................hd oak
Asolie. u
ns1p ....................-sl lv :,
r1LsesipnA. ...............'.'.'..'p raj"
bAh hore... ............-......Pe pr.
The stock market again exhibited remarkable
strength to-day, nearly all stocks being consdera-
| bly, higher at the close. Hudson River, which has
been the focus Of considerable speculation lAtterly
advanced to AZ, closing that bid, having thus sd
vvsssed about per cent in week. New York
Central was lower at the opening, but rallied in the
middle OF the day. sold in the afternoon at S2i, and
closed s2t bid. Rock Island fuctuated between
6sf and 70&, closing 20 bid. Galena was q fraction
lover; Toledo and the Michigan shares we're pretty
steady. In all these Western stocks the business
Was larger than for some days past
Pacific Mail was wanted at 99aa; Panama was
negleosd. We note an advance in State stocks
and railway bonds. Missouris sold ct "a, virgnias
At s2l and Tennessees at sl4. The various issues
Of the Erie, Michigan Southern and Hudson River
were ali in request ut an advance. This afternoon
the market was active, and stocks closed firm At
the following quotations. Virginia 6's, % q 1;
Missouri SIS, s3t "a; Canton, 2iA %; Cumber-
land Coal preferred, l3A sl4A; Pacific Mail, esi AZ;
New York Central, s2f . 1; Erie, 2it 4; Hudson
RiveA, II 4; Harlem, l3A al; do. preferred, 80
4; Reading, 43l Al; Michigan Central, %sa I;
Michigan Southern and Northern Indiana, l2i Is;
DO. guaranteed, 25l &c; Panama, h2 I; Illinois
central, Gil . q; Galena and Chicago, 66l . 4;
Cleveland and Toledo, 500 81; Chicago and Rock
sland, 10 20.
The removal of City Chamberlain Stout, and the
ointment Of Mr.. Plat, Of the Artisans Bank, In
Il stead. have caused good deal Of commotion In
monetary circles today. II was understood some
snshs since that the Aldermen were favorable 70
hsnfe, and that the Artisans Bank was likely to
selected by them a. the place Of deposit for the
" funds. In order TO prevent this change, the
slowing act was introduced into the last Legals-
ire, and became law:-
CRATER All.
ACT IN xxrAroS TO DEPOSITS AND CUSTODIAN ON
rumio rosns IN ssw rosx, PACED irm II, 1900
r1nxx yr1rs nExG
fso People Of Tie STATE Neu York, rep resented In
~suon All moneys belonging 70 tue CITY and county
Se~ York snail be depos,sa ey me lsgsl cassodAn
kreof forthwith aud without delay from ums 70 time,
reosived by him. IN any bank which he shall under hs
bonds ssscs for tnAs parposs, saa .nsy sna.l no.
l.~ or ordinance; me said custodian Of said mo
q sbo both cnsmberl.in Of sad city and Treasurer
SIl oanuna m The oincs vn.ch be oils only until
exp rsson Of the term u orice for which the omp-
Der u he Guy Of Sev York, noe In ofnos Vas elected,
&C. : f fsis &C, shall take ensc, Immediately.
Jnder this act Il is claimed by the friends Of Mr.
ut that the Mayor cannot remove him; and %
q AZ Mr.. Plat shall have perfected his bonds
been sworn In, the question vii probably n
ed by en- injunction The Mayor Is advised
notwithstanding the act above quoted, The
chamberlain can be removed "for cause"
II the provisions Of the city charter; and rs
cause he states that Mr.. Stout refused 10 pay
rest on the city deposits. thoush they at times
AIRED over s3 600 900 for months together. II
roper 10 add that the Chamberlain denies
ps refused TO allow interest on the deposis,
eh, as every one knows, such . course would
mite unusual, and contrary TO the usual practice
bur city banks. Mr.. Plat, the Chamber
named by the Mayor last evening, is jewel
good standing, respectsshty and wealth
business in Maiden lane. lie Il President of
rsi,Ans' Bank, @ small Institution with an ao'
ned capital Of 5000 900; the stock sells at 90
On the dollar. According 70 the weekly state.
made yesterday, tie Artisans Bank has only
les of specie on hand. Whatever be the re-
The impending contest, II IL TO be hoped that
~ funds will not be placed IN any situation Of
r.. The hes, solution Of the difficulty would
bly be for the city 10 follow the example Of
neral government, and establish o saotfea
4 TIA own, keeping its means IN specie In w.
aults; bat, thus far, the politicians who have
ntrol Of the matter have Alsays prefer red
some bank enjoy the benefit Of the city de
In consideration Of accommodating said pom
With loans at stated intervals.
business Of the Sob Treasury was az follow.
|csipts ..4.....s....s........s. tlstso0 ny
Itoms ........................ s...... isivvv "
49, ana. zss o;
kxehan,es a, the Bank Clearing House mi.
q were $40 .Gss ,s07 Al, Nsd the balances 81,
81.
"a overland mail We have information tha
steamer which left san Francisco on ths
has 81, $40, $50 in specie on board
placements Of The Philadelphia banks for tn'
weeks compare as follows
xsyT. sal -
....... HteC,2l2 a., s63s3i Dec.. 10 =
....... sa57 0is sos 800 Ice. sog4
oshr bss l,eosA9s Lses.ese Isc.. lo,ts
Aer bks s.s3l,sss s1cssi5 he. si,ss
49, -, 1855 1855 sas,s 49, Dec rs as
amsr, ESQ, has been elected President o
Of the Republic, vice James 7. Soutter
% resigned IN consequence OF III health.
is,onsin, Illinois and 81 Louis exchange
tbaccounts OF extensive rains; 40 that what
pprssnsion may have been felt in regard 4
sye s>ss section. by reason Of the drought
r~A Nms quite general, are nov removed