New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-05-21

SATURDAY, May 19-P. N.

SATURDAY, May 19-Ph.
During the early part of the First Board it was an
nounced that the Pacific Mail Company would assume
and make good any irregulnrity or overissue which
should be discovered in their transfer department and
that investigations going to ascertain the char
acter and extent Of the trouble. The opinion OF the
officers Of the Company is that there can be no impor-
ant overssue of stock and that il may even resolve
itself into clerical error; but this Of course is but
mere mpre ssion for the only way by which the facts
can be established, is by comparison Of certificates
with the books. This process is going on nnder the
supervision of expert and 1t will take some daysto
arrive at any satisfactory conclusion 1t s understood
that the discrepancy thus far is less than oVo sares
and the hope is that will not exceed thisbut in the
absence of the Secretary it Is impossible to tell. Ire
,ock improved upon this assurance from the Company,
and was scld at 90 OH the call, although dull and
cent lower at the cose. The feeling IN regard 10 IL
must be feveish until full nve tigation has been
made. Following the transactions in Pacihc Man
came brisk and vigorous rally in nearly all OF the
prominent Stocks and to the surprise apparently oil the
whole Board the dealings developed one Of the strong
est markets we have had during the Spring. The
exception to the improvement was Panama, when
orenng on small sales at l36, dropped down to 49,
with scarcely check the way, and was afterward
down in the street as low l28, although there was
quite rally in the stock INN edatey afterward. The
cause of ths sudden breakdown is stated TO be the
reception of advices by the Ariel, adverse 10 an ex-
tension of the charter by the NewGranadlan Govern
ment but the stock has doubtless been affected by the
Pacific Mail disturbance. Newfork Central and Erie
were both in active demand, and higher, and Hudson
River advanced to AZ, with eager and vigorous buy
ing. The Western shares all firmer and better,
and the disposition TO operate for the rise was strong
during tie whole session. The most decided advance
was in Chicago, Burlington and Quincy, which, from
~ Friday, went up to IS, and sold freely at the
price AT the Sc 'ond Board there was a further adj
vance in New-York Central, Hudson River, Michigan
Central, and Rock Island and rally of ) e cent in
Panama followed by slight reaction at the close Of
tie CALL Harlem Preferred also in better demand,
and sold at A. but was afterward fraction lower.
Freeand State stocks have been firm during day,
and there is steady and increasing demand for favo-
rite descriptions of Railway bonds, for investment.
The transactions of the day furnish satisfactory evil
dence of the stability of the Improvement which has
been progressing in the stock market, and it is now
very generally admitted that the rise is the consequence
of reyiyng business and the cheerful prospects
of the country. great many short contracts were
covered by the bears during the furry on Friday and
the operators who have endeayored unsuccessfny TO
check the upward movement, are gradually changing
their tactics or reducing their engagements The clos
ing prices were: for Virginia 6s, 92l d92l Missouri
6s, s4aSil; Canton Company, u 92li; Cumberland
Coal, I3I 914i; Pacific Mail, 9Oa90i New-York
CentIal Railroad, SOs 1921; Erie Railroad, 22i 923
Hudson River Railroad, 4sl 9iSi; Harlem Rail
road, l3l0l3l; Harlem Preferred 4Ol a4oi;
Reading Railroad, 42s 0i3; Michigan Central
Railroad, 0a50i Michigan Southern and Northern
Indiana Railroad, l2I l2i do. Guaranteed, %. S26;
Panama Railroad, 1891 a 1881; Illinois Central Rail-
road, 62062I; Gaena and Chicago Railroad, 6ii
s65; Cleveland and Toledo Railroad 3Oi 13li
Chicago and Rock Island Railroad, 703a7l; Chicago,
Burlington and Quincy Railroad, 74id75; Illinois
Central 7s, 90I a9OI.
The market is dull for Exchange, and rates are un-
changed. Sterling is l09G 1885, Francs 5.l6i a5.l5.
F1eights-To Liverpool 900 bush. Wheat in ships
bags at I'D. 1900 BUSH Grain in bulk at Id. for
Corn and I'D for Wheat II 900 bush. Corn in ships
bags at I'D 1900 bbls. Flour ut 2s and per steamer
10 tuns Lard at $685., and 80 tee. Hams at 35s. To
London coo bbls Resin by foreign vessel at "a. 3D.
q 80 b. To Glasgow, 5000 bush. Wheat in ship
pers bags at I'D. To Rotterdam, 600 bbls. Rosn at
&c. 3d.; so casks Tobacco at l5s. measurement. A
vessel of 900 bbls capacity TO windward at 6Oc y
Dbl. British schooner Of 200 tuns to st. Domingo
and back for 81, go
The business of the Sub Treasury was: Receipts,
sS3 697 70-for Customs, $6l, 600; Payments, $751;
543 81 Treasury Notes for Customs during the week,
$780, Balance, &c. 64,l "a.
Tie excitement in regard TO the Pacific Mail has al
most entirely subsided The investigation of the stock
ledger by ali expert going on, but no new discoveries
have been made. is impossible at present to state
with certainty what will be the result, but one
believes that the Overssue if any exits, was GRIM
nal one or that it exceeds few hundred shares. Va
rious irregularities have been discovered in Mr.. Ho
mans accounts but they appear to be simply the re-
suit of careessness. His friends express the intention
of making good to the Company any loss they may
suffer by any act Of Mr.. Hoffman, and the Company
have officially notified the Board of Brokers that they
will recognize and pay the dividend upon any ceri
cate Of stock signed by the officers of the Company
whether An overssue or not The dividend WAS paid
to-day according to announcement and the Company
has published card stating that the transfer books
will be opened advertised on Monday next. This
does not look as if the Directors believe that any
Ious error Of fraud exists in the accounts.
The earnings by the Chicago, Burlington and
Quincy Railroad line for the second week in May, ex
elusive of earnings for excursion trains, were in:
hsso; si asso 60. Increase $40 s 6.
Passeusen...... ssls IS 1888 49, Increase go 20
To,al.... s2l2si 81 45aess IS Increase $40 sps %
Add increase for first week in May.......... D12 20
Total increase for frt half of Msy.......s5Osl II
The earnings of this road since Sept. l. 1852 show
constant and very large increase. The comparative