The New York herald., 1871-03-25
The engagements Of specie for to-morl
ers amount to $45O,0
GOVERNMENTS STEADY.

GOVERNMENTS STEADY.
The government list was unsettled within narrow
limits and dlll. The lowest prices were made at
the noon call, when the 62's were offered at 112A.
The market underwent change for the better later
In the day, and closed steady at the Improvement
STOCKS UNSETTLED AND IRREGULAR.
The stock market was unsettled by heavy sales OF
Ohio and Mississippi, representing stock OF parties
who had bought 1t against the supposed election
and were no longer desirous of retaining It, espe-
cially as the market figure afforded them q hand
some profit by realizing. The brokers OF the clique
who have recently entered upon the control OF the
road endeavored TO stem the downward current
and were forced to buy the stock thrown
upon the market by outsiders who were not only
doubtful OF the ability OF the managers to make
the stock more valuable than at present, b ut were
also appehensive Of the effect OF the proposed
OF 81, 100000 new second mortgage bonds The elec-
tion was neld on Wednesday in Cincinnati. It was
not as many suppose, the annual election (which
takes place in October), bat directors meeting to
take action on the question OF converting the road
into narrow gauge. Incidentally an election was
held to fll two vacancies in the direction created
purposely 10 admit the new managers The Cincn-
natl Enquirer Of yesterday gives the following par
ticulars:-
The directors OF the Ohio ana Mississippi Rail-
the plans II regard to the narrowing Of the
gauge which they have had for some time IN
what they proposed They they accepted e the resign. n
alton OF John Ross, Of vincennes. and Charles
OF ST. Louis and elected snG to m Their places
oi Baltimore. The resolutions necessary to the final
completion OF tle work were all unanimously passed.
erected by the 1st Of August. A contract for
forty new engines, to be built on the 18th OF July,
Of Philadelphia. Ten Of the old engines have al
ready been altered TO suit the proposed gauge.
sructon aSa large amount Of other WORK Is
already completed. It Is not expected that the in
junction granted recently win seriously interfere
the AUDITORS report presented al the meeting:-
Tnere has been issued and sold during the year
$3lo.s75 or preferred capital stock. The bonded
debt OF the company Is comprised in the following
cages, &C. ultimately to be exchanged for the new
consolidated bonds, OF which $4,000,0O0 was re-
served for tha pgrrose1 amount to ssS72 ooo and
sterling bonds nedin London, making total OF
mortgage bonds now outstanding the sum Of
SO, ,534, $50; this incudes the amount appropriated
to the construction Of the Louisville division. The
preferred capital stock, also including the amount
appropriated to the Louisville division. amounts to
$4 030, ,000
From the sales OF stocks above referred to 1t was
naturally inferred that the Vanderbilt party had
begun to realize their various investments, and
western Union Telegraph became the next object Of
pressure to sell, and declined 10 57H. New York
Central went OF to 94z and the scrip to Ok. The
general list shared In the depression thus produced,
and lower prices were made In nearly every direc-
tion the chief exceptions being the ST. Pauls, the
Northwestern stocks, Erie and Harlem. After
the furry was over these stocks asserted their
strength, and at the close advanced to the highest
points made this season. Lake Shore declined to
99A in the midst OF the excitement. The directors
announce that the annual meeting Of the stockhod.
erS for the election OF directors will be held at the
ONCE Of the company, In Cleveland, Ohio, on Wed
nesday. the 80 day Of May next, between the hours
Of eleven and three o'clock. The transfer books Of
the company will be closed April g. at two O'Clock
P. M, and opened May 4. In the miscellaneous
railway shares &C. q. and I. O" was steady and
Union Pacific weak Pacific Mail advanced to 43sS
but fell back to 43 In excitement over Ohio and
Mississippi.
HIGHEST AND LOWEST PRICES OF STOCKS.
The following table shows the highest and lowest
pnces OF the leading speculative stocks during the