The New York herald., 1862-03-14
E CE Y NEW HERALD FRIDAY H. 1862
this morning fears being entertaned for the safety

Of General Burnside's command. It became
known. however, about midday that orders had
been received here to stop all transportation Tor
Washington, asd this being interpreted as an ndi-
cation that the army under Mcclellan was certain
of speedy success, and, perhaps, expected no more
fighting, smart rally took place, and the market
became buoyant and closed very strong. Inc
more cautious among operators translated tne
news merely to signify that the proposed flank ex'
peditions against the rebels had been rendered
needless by the evacuation of Manassas; but even
they regard the final result of the campaign in Vir-
ginia as quite certain and hence are rather dis
posed to buy than to sell stocks. Comparing the
closing prices of the day with those of yesterday,
we note an advance of Il in United States SKIES of
1881, "a in Central, 70 in Erie, "A in Hudson, in
Harlem u in Southern guaranteed, "A in Southern
old, "a in Michigan Central, "a in Panama, a in
Illinois Central, and in Galens. The market
looks very healthy, and the demand for the
shares of roads which are doing q large
business, such as the Erie, Michigan Cen
tral, Toledo, Rock Island, &C., is consi-
derably in excess of the supply of stock on the
market. Stocks closed strong, tie follow
ing being the last quotations:-Unted States
S's, registered. 1881, 92T SO; do. 6's,
coupon, 1881, 93 SO; do. 5's, coupon,
1874, Sc a a; Virginia 6's, 81 Ga; Tennessee
6's, COZ 81; North Carolina 6's, 50 a II;
Missouri SIS, 53s4 1s Pacific Mail. 947s 95;
New York Central s3s4 s4 Erie, 361s
ss do. preferred, 6lA a "a; Hudson River,
81 a n; Harlem, 1879 a u; do. preferred,
3lA a 80; Reading, 4254 a 4s1a; Michigan Cen
trail, 575S So; Michigan Southern and Northern
Indiana, 24114 . "a; do. guaranteed, 4sA 40;
Panama, l2OH a; Illinois Central, 65A &C;
Galena and Chicago, 6sss a "A; Cleveland and
Toledo, Az a as; Chicago and Rock Island.
57A a; Chicago, Burlington and Quincy, 641s
65 Milwaukee and Prairie du Chen, 24a4 a
IS; Cleveland, Columbus and Cincinnati, 10;
New York Central rs Of 1876, 1O2 a lO4; Erie
third mortgage bonds, 80 95; Michigan Gen.
trail s's first mortgage, 1887 lO4; Illinois Cen
trail bonds, rs, 80 a "A; gold, lOlH u.
There has been some talk in Congress about the
carriage of the mails to California. Commodore
Vanderbilt has sgnifed his willingness to carry
the mails for South and Central America in his
steamships, provided he is protected against the
smuggling of letters for California by his vessels.
Postmaster Blair has written letter to Congress-
in which he refers to steamboat owners trying to
"ceerce" the department, and recommends that
no steamer be allowed to clear for foreign port
not familiar with the particular clause in the con-
stituton which empowers Congress to vessels
belonging to citizens without paying for them; nor
is it generally understood on Change that clear
ance is an act of favor or grace on the part of
government. The prevailing impression among
merchants and shipowners is, that vessel depart
ing on lawful voyage is entitled to a clearance
as a matter of right, and that government has no
1ai,, foo o1 ctrb fn nt-
ters than coal or -four. The particular case of the
California mail, however, can be stated without
falling back on these general principles. Congress,
at the session of 1s606l, granted to the Overland
Mail Company million of dollars per annum for
carrying the mails between the Pacific and Atlantic
States. The Overland Company does not carry
the mails with the regularity and celerity required
by merchants, and for some time past the bulk of
the letter correspondence between this city and
San Francisco has been smugglcd through on the
steamers, which have no mail contract. The ques-
tion for Congress is simply-can the steamers be
expected to continue to DO, for nothing, the work
for which the Overland Mail Company is paid a
million of dollars per annumg If, as the expe-
rience of the last six months proves, the Overland
Mail Company cannot carry the mail to the salts
faction of the mercantile community, should they
continue to be paid for doing that which they don't
do? Would it not be more practical more sens-
bic and more economical to send the mails by the
route which experience has shown to be the
quickest and most reliable, and to pay the car
riers-not million year-but fair remunera-
ton for the service?
The business of the Sub-Treasury was as follows
to-day
-fO. cIstoinS ll3,OUG o.
Payncnts Il 2Sl620 GO
VA Jos -
The exchanges at the Bank Clearing House this
morning s22 Os5 ,2l7 OS, and the balances ST.
i7G,is2 IL.
The Boston Insurance Company of Boston has
declared a semi-annual dividend of five per cent
The Guardian Life Insurance Company have re-
moved to the Continental Insurance Building, No
102 Broadway.
Measurements Of The banks of the three princ-
pal cities of the Union for the last week compare
with the previous one, and the corresponding time
of 15Gl, as follows:--
y y March sls5SSS.s ld @zas ssssa ''sssss soss
PSa Sion & 10 o. ssosssS % gsssI ss9o ssss
Total 7s.It7 I4i.ss7N 4l7l5soO l6is7s4s
Last Last a6ssiso % isssass 1Sssso f 9s sss
The following summary shows the result of the
current years business Of the Cleveland and Toe.