The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-05-09

There was an active time in stocks to-day, and
prices improved throughout the list. II seems that
some of our low priced stocks have been attract
ing attention on the el.er side the liberal pW-
ehases which have lately been made Of Erie and
one two other speculative stocks are ascribed TO
foreign orders. Erie stock, which was lately un-
saieablc at sc 81, sold This morning q s2ol, and
closed 49, bid. Rock island advanced 70 6S2,
closing 6sl bid, against c7i at the close Yesterday.
The friends Of the prop " are sanguins tAs' %
the harvest this year fulfs present Indications
road will resume its position as regular tss ,.r~
cent dividend paying stocf. Galena jumpe5 y to
est, closing that bid, against s41 ut the rlsse
yesterday. similar advance took place
in Michigan Southern, Toledo, And n.,ash
Central. New York Central sold upto 90, closing
7sl bid, against 7s4 yesterday. The earnings fsc
April we're $3.50, l31, against s47s6S2 in April last
year--incresse SOL 569. Panama was steady
Pacific NAH per cent higher. The bssiaen Il -
California line IL very good, bat nothing h knswu
with regard 10 the Pacific Mail s4.sadssd. A runner
is current that II viii be per con H. cash. and 10
per cent In stock of the North Atlantic Steamship
Company. The business In State stocks and bends
was light to-day. This afternoon th5 market was at
frst lower, but at the close stools rallied, asl
closed steady ct the following -virginis
C's, 92a Z; Missouri ss, s3I 4; Canton. All al;
Cumberland Coal preferred, Ia a \; Pacific MAJ.
1864 log; New York Central. 7st q Z; Erie. Iei Q
4; Hudson River, All q 42l; Harlem, 12I IL;
Heading, ~ q; Michigan Central, Al ~;
Michigan Southern and Northern Indiana, ia
al; do. guaranteed, 2al q {; Psnams, last p les;
Illinois Central, 60 . 4; Galefa and Chicago, esi q
4; Cleveland and Toledo, 2sa . 0; Chicago and
Rock Island, 6siaa
There was considerable talk in ~ for, 4 ts-a
about the enormous defAicatit.
come 70 light In the Union BanhucA fsssAs
seems that the cashier Of that ins'
G. PuIIingcr, has contrived. a -si segsste
past five years, to rob the b. him Ahead
81 800 0oo the whole Of which he Apfss1 y ave
lest in stock speculstiops. He sfecs>~ he robbery
by very simple process. The u. a Bank kep<
their account with the Bank ~ England, and ~
deposits, payments and bal tncxere regulated,
a. usual, by pass book; PulIsnssr had TIVE pas
books-one the real book, which was sent every
day to the Bank OF England, the ether q
false one, which was shown TO the &C.
coontsmt Of the Union Bank AT the time
the dssa,csteu was discovered the balance
standing TO the credit of the Union Bank ACCORDING
10 the false book Ese9, FOG, while the real beck
only showed balance Of G3oG ,G3e-,he dinsroass
being the amount appropriated by the frsudaiess
cashier. OF course no such barefsced fraud could
have taken place had the president and dirsctorsof
the hank been waschful of PuIiingers proceeding.
II is, in fact. wonderful that during period ~
years the Union Bank never happened 70
the whole of the balance which, according =
general ledger IL had in tho Bank Of Engian" pa
the directors ever drawn check Tor them
England balance, a. 70 appeared ia theirew
the defalcation would NJ once have bess dis RED;
their not having done 80 during so long period,
would scem to imply that Puliinger was the
real manager Of the bank, and tina, ~ one under
stood liz condition but himself Hisonly toe likely
that other hanks, net In England, are In The same
position. and that the only men Who understand
their true state are subordinate officials sf vhsss
habits and circumstances president aud directors
are A ignorant ~ the Union Bank directors were
Of the stock speculations Of Pullinrsr.
Ths exchanges at the bank clearing house this
morning were 12,yss,is7 II, and the balances
n,3i2,2s7 az.
Holders Of second mortgage bonds Of the HuA-
sen River Railroad, who have not awaited shsm-
selves Of the privilege Of extending them In accord
ance with she proposals issued 10 December iAst,