New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-06
MONDAY. March Up.

There was very active market to-day for three or
four stocks, and the tone Of the whole market was
healthy and strong. The short interest has been COW
cred to considerable extent within few days and the
bear iobers did not operate to day with the confidence
which has characterized their movements during the
pact month. The resistance which has recently been
shown to the operations for the fall and the elasticity
with which the market has recoveredfro temporary
decline, appear 10 have cooled the desire OF the
bears 10 extend their short lines, and encOur-
age purchases for the rise by those who
look hopefully on the future The transactions in
New. York Central were large, and the market ad-
vanced steadily from the opening TO ~, at which SALES
were made between Boards. The advices from AL
bany now are the effect that whatever is done by
the Legislature in regard TO tolls pro rata will be
90 compensated that the aggregate revenues Of the
Road will not suffer. Pacific Mail was firm, but nos
active This stock is now held much less spscularyey
than duTipg the progress Of che negotiations with CON-
Vanderbilt and consequently does not huctuate
spasmodically as it then did. Canton does
not sustain the rapid rise Of last week, and fell of
70 1884, In the Western shares the business was main
ly in Galena and Rock Island, both of which were
strong Gaena improved 2 cent. The annual re-
port which we give below is quite as satisfactory as
could be anticipated Illinois Central was buoyant
under purchases foreign account and went to 59i
an advance of il q cent. Michigan Southern
also buoyant AT the Second Board the improved feel
ing was sustained with quite active market. Mich
ipsn Central was in demand and sold at SSl,
and all the Western Shares had an imProv-
ing appearance. Pacific Mail sold at 93a,
buyer sixty; and after the regular session the
floating lots were picked up at 93l regular. In the
Bond Market there was strong feeling especially for
Government and State stocks. The supply of these s
very much reduced, and nearly every steamer brings
orders for them. Tennessee 6s advanced to s9, and
Louisiana &c to OCT; Mssouys huctuate according TO
the rumors from st. Louis, but show slight i'm
provement on Saturday Railroad bonds, withou
much activity, are frn. Erie First and Second Mort
gage Bonds Michigan Central per cents inn
proved }poeni, closing at 50 bid. At the close OF
business the market steady at the following rates
Virginia g. 991 1888; Missouri 6s, sOt 0s02 Canton
Q mpany I9I 0192; Cumberland Ccal Company, l5s a
Is; Pacific Mail, $685.; NewYOrk Central Railroad,
7lIa72; Erie Railroad, 81 90; Hudson River Rail
road, S94a39I; Harlem Railroad, 9la9li Harlem
Preferred 80 1871 Reading Railroad, Al S4l4i Michi-
gan Central Railroad, 3S4 e3Sii Michigan Southern
and Northern Indiana Railroad, S0S4 do. Guar
snteed, 17falS Panama Railrosd, 1885 l3ii Hi
nos Central Railroad, 594 S59li Galena and Chicago
Railroad 58I ASST Cleveland and Toledo Railroad,
l9asl95; Chicago and Rock Island Railroad, 63sS
63f; Illinois Central Railroad rs, S8l eS9.
In Exchange there is netting new. Rates are nomi-
naDy as before Sterling 1881 al0S2i Francs 5.l83
Sis.
Freiehts TO Liverpool: 200 bales Cotton at ]-9s32d;
$50 tee. Beef al 3s9d; $50 bblS Rosn az 2s9d; aud
Der steamer 500 boxes Cheese at 4Osi 30 tcs Lard
on private terms; 50 htds. TallOw at 35s. To Lon
Cen: 500 Hides at 3Os; so tuns Oil at S2s6d. $50
en- Ill l0Y oTad
bales Bacon at 3Os. To Glasgow: 100 tcs Beef at
s.. To Bremen: 100 bales Cotton at &C.; 500 bbs.
Rosiu at 3s41d. The ship Ocean Monarch from New
Orleans to Liverpool with Cotton at 9s-l6d., and
small weasel for the same voyage at ID. The ship Eu
phrssia ~ years old, built at NewbuyPort, sold for
- 600.
The business of the Sub-Treasury was; Receipts
1886 564 sO-for Customs, $2lI 0OOi Payments S5l9-
GSs 7O-Treasury Notes, SlOO,O0Oi Balance, s37Ol,-
Os4 IS.
The business Of the Clearing House to-day was large
$50. 81. 733. The new y cent Treasury Notes
have been sold to-day to considerable extent at =
cent prem We have nothing new to remark IN regard
60 money excepting that the abundance increases and
rates Of interest and discount tend downward. We
notice private sales of Government Sc Coupon Loan Of
1874 at lOl which is better meeting Of The stock
holders of the Cincinnati Hamilton, and Dayton Rail-
road viii be held on Tuesday at noon, at No. q Mas
eau street. room No. g. for the purpose Of meeting the
President.
The Cincinnati and Indianapolis Road shows 81 900
increase in February of which 81 800 s from passen
gers
We annex the bill which was introduced on Friday
in our Legislature, in relation to throwing open the
business Of bank-note engraving to competition, and
the memorial which accompanied it, signed by all the
banks IN this city, Brooklyn Albany, and Troy we
understand that several petitions have already come IN
signed BY country banks in favor Of this measure ana
that many others will be added. There certainly seems
be fair reason that the Legislature should reSlsl
the pray Of many highly respectable bank oicsrS
The bib s az follows:
AN AoT IN relation to the engraving Of Bank notes.
The Pe0p he STATE q Neio YOYk rITented In Sene ana
dsssWJiy do enact as JoLt0Uss
Whenever least 20 Of tie banks aud Banking A'e-ps
Of this State shalt by writing request the Superintendent Of the
Banking Department. the circulate notes Tor Gas and
banking ssocons 10 be engraved by apartcuar company OF
ration for purpose engsng under the laws Of TINS
STATE duty Of the Superintendent TO o the Gu
for banks anc banking as0ciA
lions may require 20 be done by such company OF corpora
ton
The accompanying memorial respectfully repre-
sents.
That the power apparently conferred on the superintendent Of
the teDkns Department. the engraving ana Pianns oil
bshk Eotes % ts done BY only s2eh sngIs.s 81 ~
njuTious.y Of the Osnks ana VIII
ne ssSSrJ 81 the public AID ~ excluding "A'i9''7 0'P