The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-03-24

We hear Of verv few transactions at these figures,
the wants Of RENTERS being supplied by the cot
ton shippers. The Vanderbilt, which sails tomor-
row for Southampton, win probably take ont from
$500 600 to $500 900 ia specie. At this time last
year the specie shipments were heavy and regular.
The following are the last quotations of sight
exchange on New York at the cities mentioned,
the quotations being in all cases for gold:-
Chicago. premium.
b. Louis ........................A AK
Cacnnae
NeS ofieans... ........-a -
Da,u.aore '''.''.....'.' s''.'.'.'''.''- l-iV
1cvhs.; =. 1900 .'...'.''.'....'.'.'-A =
Snis1eiphia' '.-.. par.
The stock market was steady to-day, without
particular animation. Some operators who bought
1er the rise few weeks ago, and sold out on Mon
day and Tuesday, are anxious to see decline, 30 as
10 their operation; but the purchases OF out
side parties and the natural effect Of the increasing
traffic on the railroads operate against prolonged
1an At the opening this morning there was live
~ inquiry for Galena, Rock Island, Michigan guar
anteed and Illinois Central, and all these stocks
sold at the best prices of yesterday afternoon. At
the close of the first board, the sellers caused the
market to decline fraction; in the afternoon there
was very little business done, and prices gene.
rally rather lower closing dull at the decline. Rock
Inland was hammered on advices of judgment
against the Missouri and Mississippi Railroad
Company, eondemnng the Rock Island bridge;
The Company long ago appealed from
This decision. Michigan guaranteed continues
10 be bought in view of the probable re.
organization of the Board of Direction and the re-
eovery Of the property from the slough into which
i has fallen within the past year. New York Cen
tral continues to fuctuate in harmony with the
mor from Albany. 1t seems to be generally I'M
dertood that if the House Toll bill passes the road
will not be able to pay over five per cent per an
mum in dividends, and would, in such case be dear
at 70 per cent The inquiry for State stocks and
approved bonds continues very active; all that are
On the market are readily taken, and several classes
Of bonds which have been in disfavor for some
time are beginning to be inquired after. The
closing quotations of the day were:- Virginia 6's,
sSi j; Missouri 6's, 500 1; Canton, 20l; Cumber
land preferred, l3a IA; Pacific Mail, 97aa I; New
York Central, 74i 4; Erie, % 10; Hudson
River, 3ss Z; Harlem, % {; Harlem preferred,
aa2 q I; Reading, Al q 1; Michigan Central, Ala /;
Michigan Southern and Northern Indiana, 81 10;
do. guaranteed, Il /; Panama. 1891 1874; Illinois
Central, 81! q 4; Galena and Chicago 81 a /;
Cleveland aud Toledo, 20t 81; Chicago and Rock
Island, 64I a 65.
The import entry OF dry goods for the week end
ing to-day was less than that for the corresponding
week year. the figures being 81 G27 OoO against
$3630o00 same week last year. and 81 235 900 same
week Of 1858. This, however, is probably an acct
dent, due TO the nonarrival OF steamers freighted
with French and German goods. The aggregate
import since January ] is s33,l75, 900, against
So 900 to same date last year and $40 $50 900
10 same date Of 1858. The years imports of dry
goods will undoubtedly be in excess of last years
The business Of the Sub Treasury to-day was as
follows
1890 w
mo pay m.ne OBSERVATION-DISCLOSURES. 95,f6S 10
baiAhce. b,llO,51o u
The exchanges at the Bank Clearing House this
morning s2l 576,l47 72, and the balances 81
230sA 81.
The Railroad Convention is still in session at
the St. Nicholas Hotel The committee on the time
table was not ready to report yesterday but proba
bly, win this evening.
The City Comptroller invites proposals for the
whole any part Of s22s 600 of the water stock of
The city of New York, in shares of one hundred dol
lars each, bearing interest at the rate of six per
cent per annum, payable quarterly. The bids win
be opened at two o'clock p. NJ, on Saturday, the
2lst of April.
We have received the annual statement Of the
Illinois Central, to be submitted to the shareholders
in advance of the May meeting. We make room
for few paragraphs
The earnings Of the road 1859 were o. and
Ia 1858, 81 s657S So In the early part OF the year
distress Illinois, from the failure OF The
two pTecedDg years caused such inactivity In business
s s sc % even t ne eo SS eq.ss Of
crease $s5, oel % In September, alter the wheat
harvest busness improved and in the last two months
dee and gave an OF s3O sos 40 for tie year
The lowest point in affairs has apparently passed,
and the very satisfactory of local traffic during
ak months ending 18th ut OF 1924 299 A. confirms the
estimate In the December Circular OF gain Of 33 per
cent, SEQ 900 the presenteear This will exceed the
ing 1859 the falling OF in freight earnings JARED with
Gssi % IL Sas nus 'as
TO the Northwest the rivers low, and merchandise
forced upon the railways, which has not been the
since. Although the harvest VI grain 10 the
cultivated in 1859 was less than half OF that gathered to
shown a better result in the exports from Chicago
hsn was anticipated and demonstrates tina, the
working atom and surface cultivated have Ased
largely snce 1885. In that year, with very abundant
harvess and such high prices available bashel
Of gram was brought out q 22l bushels were shipped
rom Chicago; the past year (ls59 after t~o bad hsr
vese. and third which WAS ouly partial thara we're /
10 bushels sen, TO Chicago Therefore believed
that The IN which full narvests Of wheat In
dian corn are gathered win be followed by an EXPORT OF
30 900 bushes In ls4o the total export was 40 600
bushels Of wheat HE passenger OF 1856 bene
lifted by the emigration Iowa AID Minnesota this has
been amost entirely cut or and the local travel
nue., reduced from the poverty OF the armers-he de-
une from 81 12 40l 1s 1850 70 SSH an 90 in 1870
$500, es9 IS decrease We gaining 10 our pas
sergc and from tie South, since ope mig Of tho
fpcs 10 Now Orleans and Memphis. The working ar |
perses 1850 81 $50 g. ganst 9sa soin
1855 Of $50 624 ~ Fur maintenance Of ~ay
Of machinery 500 OF more charged than IA 1855
The directors vl conne Themselves 10 renAkng tba.
the transportation o. freight have been re-
du ed that the promise OF largo traffic In coal Is very
encouraging that the Southern trade the Cro oat
ks, Of wheat osts -four corn, and provisions largely
increasing accompanied by gain in the return feghts
OF sugar, cotton, moisssss, coffee and fruit