New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-03-09
SATURDAY. March 7-P. ".

The gold excite ment continues 10 subside rs far ~
the volume Of business is concerned but the lctla-
tons 10 the rate of premium arc still frequent and
violent. The gold spccuatOp are making the most
frantic elf r;s 10 arrest the decline but Congresson-
al and Legislative action will make tho endosvor "a
abor OF Sysiphus. At the opening to-day som Q
transactions made at lJj, bu, outside the quot
alton was as low 1T one time AS 1924. The. market
afterward with rapid fuA Stations, went as high Us
ljGi but at the Second Board again touched 1915
and closed late in the day at that price-an advance
Of about per cent on yesterdays closing quotation
In Governments the market to-day quiet and
seHdy. The demand seems 10 be mainly for seven
thrties and one year certificates, which are being
rapidly taken up for investment. The fact that on the
present certificates the interest 10 payable in gold
while on the new ones il will be payable in paper,
is attracting attention to item. The public should
not forget that every one who invests IN Govern
men, securities dong his country service in her
peril great, perhaps, ~ if he serving in the
field. The sharo market was generally heavy, ana
not active. Tue Indifference to operate on the part
of the bulls until the policy of Mr. Chase is de-
velopel uuderes the dizziness Of The market, and
tho bears take advantage Of thi. feeling 10 check the
rnprovenen, which would Otherwise tate place
naturally from the annually enhanced value OF the
recuri,ies offered. Pacific Mail was among the
irnest stocks and advanced 10 ld7. The late fall
~ far as we can learn, had no other basis than a
report from Washington than an English Company
was about 10 put line of boats in opposition to
the Mail Go. And ia ceiling on this information
tho bears have put out larger short line than they
1
have had for \ long time. Southern Guaranteed did
not maintain tho advapee of Friday and fell back !
cent. The shares generally were la! cent
lower. Al the Second Board the tone of the market
was much stronger, with general recovery Of to /
v cent in tho share list. The excitement continued
III Pacific Mail, which, with considerable resistance
from The bears, sold up to 1863. Harlem Preferred
was also buoyant, touching SCI. The movement in
this stock IL, We presume, based upon the attempt
the Company Is making to consolidate it's funded and
floating debt in long bond. At the clock coll the
feature OF the session was tho movement in Pacific
Mail, OF which about d, 500 shares were sold of
which 3, 200 were short sellers option, tho market
advancing to l7oi. Nearly tbs amount Wac taken
BY ono house. The aggregate sales of Mail during
the day exceed TO- 900 shares, while the whole amount
OF floating stock is only 900 shares The market at
the close firm at: U. s. Gs 81, registered, 90
100; U. s. ID, 81, Coupons, 1901 a lOl u. s.
IS, "a Coupons 81 81 Oregon War Loan half
yearly, 99alOO; u. s. Treasury Notes, 3-lOs, lOj
0l05ti U. s. i-year Certificates, u.s. 81 39Si; De-
mnnd Notes, old issue, 1871 0l5j; Missouri State Is,
COZ COZ; American Gold, l5ii a 1919; Pacific Mail
Steamship Company, Fo@E04i New-York Central
Railroad, llGl ilG!; Erie Railway 76l a7dt; Erie
pnf,,av pfef.rr,J COZ q 100. Und,on River Roil
road, 96iaG; Harlem Railroad, Ts DUi; Harlem
Railroad Preferred, 80. aS2l; Michigan Central
staiiroad - 9si; Michigan southern and Northern
Indiana Railroad, %! dj9i; Michigan Southern and
Northern Indiana Railroad Guaranteed, l07 lO1 !;
Illinois Central Railroad. 800 1904; Cleveland aud
Pittsburgh Railroad u dG7i Galena and Chicago
Railroad, 9lia%.; Cleveland and Toledo Railroad
93i a9i; Chicago and Rock Island Railroad, ~ !
d92; Chicago, Burlington and Quincy, lO7 Gl09;
Milwaukee and Prsire Du Chen Railroad, 81 q
80, Fort Wayne Railroad, 6l3 1G2.
The business IN Foreign Bills il light. Sterling il
JI0l for GoIJ end III for Currency