New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-04-25
TUESDAY, April PAP. n.

The Stock market with moderate amount of trans
actions continued TO have downward tendency this
morning The advance In the rate Of interest and the
renewal of specie shipments items in favor Of the
fall AID were used with considerable effect. The bear
interest has enlisted some recruits within day or two
which, with the more vigorous operations Of the few
operating upon that side previously and the
marked withdrawal of active bull support has resulted
In further decline There has also been considerable
realizing by parties who bought at lower figures Tee
market still stands however, in majority OF the active
Stocks as high ~ at this time last week, aud in sone
descriptions it 10 higher At the Second Board the
market was dull and slightly lower, but ia closing
transactions there better fesling and after the
regular session Central improved to ~, having sold
during the day at 49, Other stocks were without i'm
poIant change bu' he whole market was strong. The
Bond market was not very active, but was without
important charge. At the close the quotations were:
Virginia &c, 9Ja99I; Missouri Is, s., ssii Canton
Company, 81 o2l :; Cumberland Coal l4I a l5i Pacific
Mail l04I 9l05; Eew-York Central Railroad, 79@79ii
Erie I7s 0lS; Hudson River, 4Ol q Ill Harlem, 10.
l3l; Harlem Pref 38a3Si; Reading, 42s o i2si Ach-
gan Central, 47i94s; Michigan Southern and North
ern Indiana, 10 9l2i Michigan Southern ana North
ern Indiana Guaranteed 23i e24; Panama, 1854 ol5;
Illinois Central, 59i co. Gslens and Chicago 632 q
GA; Cleveland and Toledo, % a29li Chicago and Rock
Island 63f a 6I; nlinois Central 7s sseeS4.
The Foreign-bi market has been fairly active for
the Persia, and rates have been firmly maintained.
Leading drawers have been selling at 1904 for sixty
day bills and ITO for sight; merchants bills have not
been plenty, and freely taken a: 1854 100. AT
the close I09a was asked for bankers signatures bat
no transactions were reported. portion of the de-
mand for bankers sterling for the present packet
arises from the desire felt by some partes here 10
strengthen correspondent housss on the other side who
are carving OF indoIsers large amounts OF cotton
bills The impression ia very general in banking CT ces
that the regular commercial debt OF this country 70
Europe has seldom been go closely iquidated a. ct
present.
FIeights-To Liverpool per steamer ], 100 boxes
Chesee, 10000 bush. Corn, and 100 tcs. Beet, on
private terms, so boxes Bacon, IS ties. Hams and l7O
tcs Lard, at $685. and per sailing vessel 10000 BUSH
Corn and Wheat at GID in bags. To London 800 bbs.
Oicake ct "a. 81. To Hamburg per steamer, 900
bbs. Rosin at 3s. 3d., and 100 bales SanaParia at
lc Y ID. schooner Of 200 tuhs from sal1lla River,
to New.York, with Lumber at 81 y N. schooner
of 1913 tuns and vessel Of 23O tuns to north side Of
Cuba and back on private One Of 25S tuns to
north side Of Cuba and back at - hid. Sugar,
under deck and 50 for MolAsses on deck.
ReCeipts. s73.743 3S--for Customs, $4,000 Pay
ments, So 1884 77-Bslsnce, $7,5l6,s49 "a.
The Persia will have $500 900 TO 81 900 900 in specie
Including 100, 900 Mexican dolars, notwithstanding
there Is DO profit The export Of gold as the present
rate of exchange TIE business Of the Clearing House
to-day was $2j 43 6S7. The Union Bink OF this CITY
has declared semi-annual dividend of cent, pay
able on the Isl Of May. The interest the LIST Mort
n. nd t.; dna
on the Ist of May viii be paid and after that day at
the Office Of the Receiver. The Money market presents
10 change of importance. The only result Of the for.
eep news upon money here ia to advance the minimum
rate asked That there's rather Lees money Offering At
4s4J y cent but at 5 Y cent the supply is jas. as
pressing as it was Last week. Paper of rScass con-
tnues in moderate supply, and rates if anything, are
easier. line Of grocer's signatures was passed in
bank to day at Y cent, and some prominent sccep'
tances With ninety Days to run, are placed at Ii
cent The ANNUAL election Of the Michigan Southern
Road comes off tomorrow, 25th, at Toledo Tnere
Ill probably be several changes in the PERSONAL Of
the Board. Several msnbers Of tao Board of
Directors of the Milwaukee and Mississippi
Road are in session here, concocttpg scheme
for the reorganization Of that concern The Road has
earned the interest upon the mOags debt duriog the
pss year. bat the exigenciss OF the Company nave
caused the funds to be diverted 70 other purposes
than the payment Of interest," The scheme
talked Of, is to put the Road in the hands Of
the trustee of the Second Mortgage, all the
eubsequent securtes claims and stock 10 have con-
tipeeIt interest in case the road than satisfies the
second mortgage. The fret mortgage is for $780,
OO0 the second about $500 900, and the third aboat
$500 600. portion Of the sessme ID that the second
and third are to be made into Preferred Stock, called
fist and second Preferred Stock and third Preferred
Stock ia TO be made Of the floating debt al reduction
The old stock is to be brought into the new concern,
but the Affairs Of the road TO be managed by tue
Preferred Stock alone. Income Is 10 go first TO the
81 200 900 Of bonds and after 10 the Preferred at
cert v annum, according to seniority. When
cent is paid upon all the Preferred Sock the surplu
to be used in buying up tie Preferred until the whole
captal IL reduced 20 millions. After the redocsd
capital IL reached the stockholders are TO re-
ceive all income after the amount required for the
bonds AID Preferred Stock.
The following Is 4 comparative saemen, Oh tho
earnings and expenses Of the Buffalo, New-fork and
Erie Railroad for SIX months from October 1913. to
April l, 1859, and for the same period In lS59-oo:
1889.
October....... .......s59,6os 70 ssab. 90