The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-04-03

| '~1 ~ VI AoSIy IouovIoS
sent Attorney 0eneral, or any other country
| lawyer Of his standing, may think about the ast
which has been eight years quietly in force, and
whose consttutiopality has been affirmed by half
| dozen Attorney Generals and other law officers
during that period is not Of much consequence to
anybody; still the rumor had its effect, and the
market felt it. The Western stocks were also
lower. Galena closed at 6la, against 62t on Satur
day; Rock Island at $50, ex dividend, against 66l
on Saturday and the other Western shares at q cor
responding decline. The Michigan Southern shares
were offered and sold at decline of Q l. per cent
We understand that preparations are going on &C
lively for the contest the 25th There u.s. of COURSE
no foundation for the story which is repeated in half
dozen city papers, to the effect that the new or re-
form party have already secured q majority Of
votes for their ticket. They have not done So and
are not likely to do 80 until they show a little more
of their hand than they have done hitherto Gen
tlemen holding large interests, for themselves or
for others, in the Michigan Southern property are
not likely to give their proxies until they see some
thing more of the complexion Of the new board
than is now vouchsafed to the public. If the new
party are prepared with strong ticket, composed
of strong Names calculated to inspire public conf.
dence, they may carry the election; butt they fancy
that the stockholders can be made to vote blindly
for their ticket, simply because one highly respecta
BILE citizens is on it, they probably destined to
disappointment. Several Of the present directors,
GLIDING the President and Vice President should
stained in the board if possible their expe-
would be Of value, and their interest entities
share in the management. In view Of
'esignation, the opportunity might be
'lacing young and energetic man,
moo OF tactical experience, in the office Of
ptent Yi afternoon the market was fairly
,c 7pd ks closed steady at the following
aa Virginia SIS, 932 q I; Missouri 6's, sl3
a., .son Company, 2Oa 2ll; Cumberland Coal,
l43 Is; Pacific Mail, l043 los; New York Gen.
trail Railroad, 77i /; Erie, Ill 1; Hudson River,
s9i 40; Harlem, lol O !; do. preferred, $50 q 4;
Reading, AZ a /; Michigan Central, AT !; Michi-
gan Southern and Northern Indiana, 81 a 10; do.
guaranteed, 20 ]; Panama, l3l 1; Illinois
Central, 62l j; Galens and Chicago, Gig q &;
Cleveland and Toledo, 2s5 q "a; Chicago and R. Is
land, 632 a I, exdividend.
The business Of the subTreasury to. day was as
follows:-
Total receipts. $l66 ,5Ii o5
7,ts' &C. Gus oms:' ossS SG 80
baance. 1900. 'S4''oio "a
The exchanges at the Bank Clearing House to.
day were s32,732,35l 60, and the balances
$l,655,66l 67.
The following dividends have been declared
The National Bank semiannual dividend OF three
and half per cent, payable on the 10th instant;
the North River Insurance semi annual dividend
of five per cent, payable on the 10th inst.
The bill to reorganize the Erie Road has passed
both houses at Albany, and is in the form desired
by its stock and bondholders.
George W. Cass, Esq, has been elected President
Of the Pittsburg, Fort Wayne and Chicago Rail
road, aud Samuel Hanna, Of Indiana, Vice Presi-
dent Thomas A. Scott has been chosen director
in place of J. Edgar Thompson, resigned.
The Baltimore Exchange, Of Saturday, says
Money abundant and the market for Is quite easy.
Prime paper passes readily at per csnt but for fair
second class do the discount rates still 10
For call loans the market is very irregular and the
range ct from to IL cent according to the security
offered.
The amount at the several depositaries, snbject
to the draft Of the United States Treasurer the
26th of March, was as follows