New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-01
WEnNEsnAY. Feb. 29--P. N.


"WEDNESDAY, Feb. 29P. N.
The Stock market this morning was not generally
assive, although IN two or three stocks the transaction,
were large. The tendency Of prices was downward,
se compared with yesterdays rates, and the bull job
beis did not resist the market with much energy Of
Pssfe Mail sales of 500 shares were registered the
auotstions showing decline during the session OF
can, There was aferward more mness, and the
stock closed firm at 80, bid. We can hear of no
sause for this fall excepting that alluded 70 yesterday
sided 70 some extent by the hammerng Of the bear
iobAers who desire 70 influence the remainder Of the
marx Ct by breaking down the frmness Of this stock
and Panama. The dividend question of the Mail Go.
b postponed by the continued illness OF the President
TIE current rumor is that it viii be 10 Y cent wit1in
short time, and 10 cent sgain on the LEI of May
There IT, however, no official san,,ion for these
nors as the Directors have not discussed the suoec!
"A Board The Company is understood TO have
abundant cssh means on hand to make these two divi-
Ssnds Panama sympathized with Pacific MAIL and for
the same reasons 1t fell off TO 49, but aferward
arper. and closed at 1872. Central cash stock was
abundant bat the market was fairly sustained stabout
VOL anti telegraph dispatches from Albany between
khe Boards, announced the passage of the Pro Rata
bin, when the market was sold down to 69i, but raj
were very large probably, registered and unregis-
tered, exceeding 10000 shares during the day. The
energy with which the the Pro Rata bill has besn
pressed through the HOuse and the strong probabilities
Of tie passage Of a toll BILL has taken the bull jobbsrs
n BY surprise One Of the managers of the road has
openly ststed that under the Pro Rata bill the road
sOsla never pay another dividend, and to
tis BE- superadded toll bill, their case, in his view,
nnft be hopeless. Southern Miehigan sold at II,
which is better The Western shares generally were
Inactive and heavy, under the unfavorable re2ortt
Of traffic. Rock leland, however, was active and
steady ct 62lG2 At the Second Board there was 6
Isther hrner tone, with fair amount Of business do
kg. Kew.Jersey sold at 49, which il n further i'm.
movement, and Delaware, Lackawanna aad West
srn at CO. an advance of y cent. In che Bond
market there was but little DONE but quotations for
fayerite descriptions had an upward tendency. The
ssosr prices were: Virginia &C. s2t 093; Missouri 6s,
eoes01; Canton Company, III ais; Cumberland Coal
Company, l5l0l52i Pacific Mail, 92992t; New-York
Central Railroad 70t07O4; Erie RAILROAD, S30Ss;
MADISON River Railroad, 37a03Si Harlem Railroad,
yes; Harlem Preferred, 81 a32i; Reading Railroad
Dl S40i; Michigan Central Railroad $685. @c5i-
San Southern and Northern Indiana Railroad, 72S
"a; do. Guaranteed I6i9l6l; Panama Railroad,
M2e 1921; Illinois Central Railroad, 5539a!; Ga
l.ns and Chicago Railroad, 56a956i Cleveland and
Toledo Railroad, lsi1l9; Chicago and Rock Island
Rairsad 62t a621; Illinois Central Railroad 7s 8Sl
Isl.
The Exchange market for the steamer closed heavy,
viii the beet Sterling selling a. 1884, although bankers
were sskipg 100. Francs are 5lsl as Is.
FIsigbts to Liverpool, 400 bales Cotton at 99-S2d
80 bblr. Pork at 3s 800 bbls and tcs Lard at 25s
$40 boxes Bacon at 25s.i 40 casks Rice 81 25s 200
tups Mahogany on private terms. To London, 100
kbls Sphhs at Sc 3D.; 100 ice. Beef at o.. 80 boxes
Bacon at 30s To Bremen, 300 bales Cotton at &C.;
800 bales compressed at &C., and 100 Tobacco at
ia 60. brig Of $50 tuns, from Savannah to St.
Jsbns with Yellow Pipe, at $40 y III feet. vessel
Of 40 tnns for the East India trade chartered for
sis bteen months at 81 300 y month.
The business of the Sub-Treasury was: Receipts,
sill s74 28-for Customs $50 1888 81; Payments, s3O,
se9 81; Balance, 81, s37, 234 20.
In the suits upon the mortgages Of The New-York
and Erie Railroad orders Of Court were entered to-day
directing references 10 compute the amour. due upon
lhs mortgages on which foreclosure proceedings have
been sufficiently advanced for that purpose, being the
second fourth and fifth, the rights Of the third mort
rage bondholders being protected 10 the orders In the
oCer suits And also order Of reference 10 deter
mine hat property Of the Company braced within
Me several mortgages, and what adjustments should be
made in respect payments by the receiver since the
property came into his hands These proceedings con-
template sale under the fifth mortgage subject 10 all
prior rights for the purpose Of carrying out the plan Of
reorganization and securing the rights Of the unsecured
and sockh without surrender Of any
Of the prior hens rights al Of which are fully reccg
zsd and secured The order Of reference in the second
mortgage suit contains provisions under which holders
Of the bonds, who cesire do co. may exchange their
bonds for third mortgage bonds if satisfactory arrange
MEETS are made for that purpose before the sale under
lhs referees report An order also entered direct
Dg the receiver after due notice 10 nav all the interest
stured the second mortgage bonds mp TO the LIST of
March, instant and extending the receivershp of Mr.
Marsh 10 all the suits for the benefit of ali parties
These proceedings whletney do surrender or waive
any legal rights Of the respective TIuaees or tbose
whom they represent, greatly for the benefit of all
the unsecured bOndhcders and stockhoder
IA well az the mortgage bondholders.
The Danbury and Norwaik Railroad Company has |
declared It's usual cash dividend of y Cent and in
dditiOn stock dividend out Of surplus earning Of 10
P cent, payable March 10.
The following shows the condition Of the banks in
be four leading cities:
Loans. Specie. Circul'n. Deposits.
Orleans Feb s s2sooo sss T. SO ls sssiss 2ssas9
ssi.SsiH zee. as sD sssO 75oOO S10O 100000
s2s4esi lIO 1905 s24 SO4s2s76 la24Sa 100
as 2ssO8l sz2 426oS 459 50S75,62k 5 30 t5
's' nSSss sss. steooSS s767'' sii!$70c
1av Npaa 4DO |