New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-03-20
SATURDAY, March ls--r. y


SATURDAY, March Isl "
Gold has not been strong at any tine to-day eG'
cent for immediate delivery. The opening price
was lou, and the closing 1851, and the extreme
rates Of the day l63l lC6l. IherO Is no ner bust
ness of consequence for advance, and the market
~ breaking as fast as is possible under the large
short interest which is constantly created as the
Rebellion nears to it's close. The interest upon the
5-90s can be anticipated at any moment by MI
Stewart the Assistant Treasurer ~ this port, who
has full power upon the subject. The per cent
Cold.bearing Government stocks DO not MAINTAIN
the advance Of last night. For the lO-i0s better
rates were made, and sales are quoted at No. In
railway mortgages little doing, and 10 large amounts
Cosid be sold at the reduced quotations.
Bank shares are hardly so firm railway shares
are irregular and upon every rally there Is IL full
supply q stock Intrinsic values have now small
infuepce in sustaining prices, and pa des VINO de-
siye 10 convert stocks into money upon reluctant
marlet are obliged to make concessions. Those
abe 10 pay for stocks and take Their chances Tor
dividends, may DO prudent act by purchasing al
'carrent rates. Those who buy in the hope OF re-
1feving losses made il the fall of merchandise ma!
their candle at both ends" At the close Of busl-
mace tho market Was dnll and sollorn numerous.
There was panic in North Western stock under
rumois Of trouble in Chicago. For the Common
re low as q was touched and JOl for the Preferred
The last prices were 27l and 53}. There is about
$l2 600, 900 Of the Common Stock, Of which over
g. 900 900 was insured as Jonas 10 secure the Ga
lena Road in the consolidation.
For some time the Common Shares &c not in
danger of getting dividend.
Cumberland Coal sold as low at f6 to-day ard
closed AZ bid.
Exchange is steady, and quoted: Bankers ster-
ling co days, lOSI 1889; Bankers sterling, 3days,
lO9t a 1929; Merchants sterling, l07 al07i.
Freights continue duh and rates are heavy.
The engagements TO Liverpool are: 80 hhds. To
baceo, on private terms and IeT steamer 300 pkgs.
Butter at 25s. 200 boxes Bacon and $50 ties. Lard
at 2Os. 20 bales Cotton at I'd. To London, 80
hhds. Tobacco at 2Os., and 10 Glasgow, 400 pigs.
Butter at l2s Cd.
The business of the Sub. Treasury was: Receipts
-, 500 &c. for customs, SI3l 900; payments,
35729,796 20; on account Of loan, S?S,O00i balance
81, OI2, 925 06.
The Supreme Court Of the United States, at
Washington, has decreed that the Eastern Division
of the old La Crosse Railroad, claimed BY the Saint
Paul and Milwaukee Railroad Company, belongs
10 the Milwaukee and Minnesota Railroad Company,
together with all the rolling stock aud apperteDaA
oes subject to mortgages TO all extent that surpass
The msoket value of the preff1s and the receiver is
"a be oxlered discharged.
Money is very active at per cent among stock
n 4 l,,c: 81, =
ers look than ever TO securities, AMI want fun
Margins Commercial credits are in great disfa-
zor under flc fall in merchandise. which las al.
ready wcak ed houses supposed 10 lie very steuneh.
TIE break il gold is serious in its effects upon
mercantile eyslits than the public realizes. The
facts are, that all business for the last year has
been done upon higher pnecs for gold than the
presen. The pf.ce has ranged from l69 IL 2S5, and
the whole fabrje Of commercial credits is based
upon rLte for god which probably will never pre-
vail again during the life Of any merchant. The
tendency q gold L. downward and not TO be perma-
nsntly arresed. With declining gold comes liqui-
dsiSon and TIE sweeping away of fortunes existing
upon paper. All commodities must go to
consumption upon gid az declining rates, |
and no solvent kan can Gi,1 good reason why an
effort shsuld be Eade TO arrest this step toward |
natural prices. Most OF the ISemium on gold and
the advance in goods have been The result Of Secesh
gambling and the alarm causedby disoyal writers
who lost 10 occasion 10 denouHcs the National cur
IeAoy as worthless and the sooner gold and paper
lro brought together the better for 81 legitimate
business. Legal tender notes arc not abundant,
snd nc large amount could be had without paying
premium.
The City Of Baltimore takes s22,275 in specie
The shipment for The week foots up so 900. TIC
Afnca, at Eoston, from Liverpool brings 81, 900 in
specie.
The admission Of The Fosrlh md Central M.
lonsl Banks 10 The clearing bouse, and the refusal