New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-03-17
SECOND BOARD.
THURSDAY, March l6-P. ".

THURSDAY March le-P ~
1old has been less excited to-day, opening at E3i,
selling az high as 1864 and low as l7l4, closing
ct l7l1. The market is weak, and favorable
military bulletin would send the quotation down ten
Der cent. The courage and good deal OF the
money of bull spectators has left them, and there
hre few people who argue that gold will not fail to
(25 at an early day.
Under the rednced quotation for Government
Stocks in London, lower rates were made to-day,
end I0ei is now the price for old 52os, and 90 for
to-ios. Declining gold gives the 7-3Os decided
preference with investors Of all grades at the ex-
Sense of gold-bearng stocks Railway shares have
been quite IRREGULAR Erie under its reported earn
rg and free buying to cover short contracts, sold
kp to 68i; but soon receded and closed at Isl &C.
Tie advance In Erie strengthened the rest of the
bst. Cumberland closes at decided decline. The
suspicion that the clique was selling out put the
hsics to 20 in the morning, and the best rate OF
20 day was Ga, closing at Sc. The Stock has no
hrmness in the absence of buying for the clique.
At the Second Board prices were unsettled and not
knong. There are few buyers for investment, and
hot enough to take the stocks finding their way
Die street from merchants and outside operations,
ozced BY their business wants and losses tose out
late IN the day the market ives still lower, and
etocks were pressed at the reduced rates with
put finding buyers. Illinois Central was offered OF
loe. 8.lI..f
= Money is abundant with stock houses Of good
credit ct per cent but there is less doing at per
cent upon Government securities. Commercial
apsr is steadily falling into disfsvor under the de-
CLINE In merchandise. The failures and weakness
thus far shown only the first indications of the
sStorm sure to attend declining gold, and 1t will
make little difference whether it commences grad
aally or 10 shown in spasms such as marked the up
ward movement in 1864, when in few weeks it
Jumped from lss to 2S5 1t has already broken fast
enough and far Ienough to seriously disturb the
fortunes of all people in trade, and the end is not
yet as all parties in debt will find to their cost
Sterling Bills are dull, but drawers are asking
higher rates. Bankers Sterling, go days, 1881 a
.Y08I; Bankers Sterling, days, 1904 al09i; Mer-
chants Sterling, l07 l1l; Francs, 5.I7I s5.22I
Ereights are dull and heavy. The engagements
20 Liverpool are 100 boxes Bacon at 81. 3D., and
Der steamer 500 pkgs Butter at 2os. and 100 boxes
Bacon at l5s. To Glasgow, 10 tuns Tsllow at los.
80 Antwerp, 30 casks Ashes at Dos I'm
The business Of the ub-Tressury was: Receipts,
<e2,34l, $50 43; for customs, $2l6,oO0; payments,
e24l5 92S o.; ON account loan, si27 600; balance
ga, 1871 ,453 II. 1880.
= The following ore the sales Of Petroleum stocks
eo-day: 100 Cherry Run, b5, 90c.; 200 Empire City
Petroleum Co., % IS; 100 United States, 81 25
10o do, b3o SIS So 500 do, 81 so; 100 do, slO
Oh 50; COO Knickerbocter Petroleum Co., 72c.;
q 900 High Gate b3o, 81 O5; $50 Oceanic, % 80
et3 co. 800 Rynd Farm, "a 5oa$4 IS; 700 Tack
Petroleum, y sO0s3 50 Excelsior, $6 IS.
AT an adjourned meeting this morning Of the
tfsnposs first mortgage bondholders, it was pSo!
posed that as the bondholders had waited during
Gro months FOL. the stockholders Of the Company
20 make some satisfactory arrangement for paying
<eheir January interest, and as the Company had
failed in their numerous plans to consummate
any such arrangements or TO raise funds for making
any such payments, the bondholders should imme-
-Aatoly foreciose. The proposition was unanimous
~ adopted, and pegd proceedings have already
Been commenced. ~
The Metropolitan Bank announces its intention
60 reorganize a. . national bank The Fourth
National has been admitted to the Clearing House.
The Leather Manufacturer Bank il also about
80 become National Bank.
"a The First kational Bank sold t5Oo,oo Of 1905
to-day. ng lrE .r3... s1s.
The Phenix Fire Insurance Company has de
'sslared ssmi-annual dividend Of ten per cent
Attention Is called to the card Of Heath a.
Hughes in another column.
The Dry Goods auction sales to-day, though
quito numerous, do not show any favorable change.
The f..l;u, ~ danresson ie verv Ynrob IN. 49,
- on yesterday.
The Controller Of the Currency has issued cir
suss, calling public attention to recent most i'm.
5ortsnt amendment Of the national banking law.
This amendment provides that the three hundred
anlions contemplated by the bank set be sPpor-
tsnsd 70 the different States and Territories. In
: VAv Il this enactment. no new national banks can