New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-05-19
FRIDAY, MAY lS-P. N

FRIDAY, May lS-P. NJ
We have had an excited irregular, and feversh
stock market to-day, brought about by the sudden de-
cline and violent fluctuations in Pacific Mail. The
street has been very much excited during the day.
der various rumors in regard this stock, and the
whole list of stocks unfavorably Influenced by this
disturbing element. The effect however, will prob
hiy be but temporary and the general elements OF the
stock movement which have all indicated Of late, an
advancing market, will soon resume their influence
The stock market is always subject TO these shocks,
but the normal condition of the market is
Soon resumed after the first effect has expend-
ed itself. The market opened at "a for Pachc
Mail but during the call fell off to 934 in the registered
sales This decline as well that of yesterday, was
mainly due to the Of the existence OF yellow
fever on the Isthmus Whispers, however, began to
be circulated that there overssue of the stock
and under panicky feeling the stock was sold down
TO 9OI. The market then reacted, but stock coming
Out freely it again declined and opened at the Second
Board at 90 the next sale being 49, After touching
81, il again improved and sold as high go After
the regular session was very heavy sold low as 49,
and eloeed offered that price, with Sc bid The rumor
in regard to fever on the Ishmus proves TO be untrue
but there appears 10 be more foundation for the
whispers of discrepancies in the stock ledger To what
extent this is true is no. vet known. The Company
have instituted an investigation and the result will
probably be known TO The latest statement is,
that the oyersue Is only $40 shares and this attrbut
ed rather 70 carelessness and laundering bookkeeping
than 10 any criminal intent. Mr. A. Hoffman, the Secre-
tary and until recently Transfer Agent, is very ILL., and
has resigned. The discrepancies alluded to existed
at the time Of the payment of the dividend in May,
1859, bot were not then made known TO the Company
tie dividend upon the irregular stock, according to
rumor being paid out Of Mr.. Hoffman's private
funos As the present dividend day approached, and
the Secretary still unable TO make his sockedger bal
ance stated the fact the President and requested
that the accounts be put into the hands OF an expert
for investigation. The Directors are confident tina
nothing of criminal nature attach to Mr.. Hot-
man. Panama suffered in sympathy with Pacific Mall
and cold down to 1874 during the day, closing offered
at 1885, The general MAJ ket, although lower, was,
under the circumstances well sustained. Central was
ouie, and sold at slja triAing concession on
Yesterdays closing price There were no registered
sale of Hudson River but AZ buyer thirty bid at
the Second Board against 46I regular yesterday
Harlem preferred was among the strongest stocks,
closing at 39a bid. Attic Second Board the market
for Western shares was generally heavy, the impulse
which would have otherwise been given 10 them by
the yery favorable reports of traffic of the second week
y
Mail. Rock leland however, was firm, and sold at
20 An advance of 2 cent on yesterday. Burlington
and Quincy the increased traffic upon which is beyond
all expectation sold at 72 against 73l in the morning
GaIena was steady at the morning prices. In the
Bon6 market there was fair business at about the
rreyious rates. The closing quotations were: Virginia
e. e2l0922; Missouri o., 81 a 84l; Canton Compa-
nv Oh a22; Cumberland Coal l3I a l4l; Pacific Mail,
ssas7. New-York Central Railroad, 8l30Sl5; Erie
Railroad, 2Ii a22 Hudson River Railroad, 4o494Hi
Harlem Railroad l3t l31; Harlem Preferred, 59t @
40. Reading Railroad, 42lG42l; Michigan Central
Railroad. 4SI a49; Michigan Southern and Northern
Indiana Railroad, l2al2l; do. Guaranteed, 2o02ot;
Panama Railroad, l359l354; Illinois Central Rail
road. 6laa62 Galena and Chicago Railroad, 6ii
I06At. Cleveland and Toledo Railroad, 3Os SJO5;
Chicago and Rock Island Railroad, 7O@7O; Chicago
Burlington and Quincy Railroad, 72iS73; Illinois
Central "a, 90a9Oi
In regard 10 the overissue of Pacific Mail stock, the
fomnany have published the annexed card;
The unauthorized absence of the Secretary OF tins
Germany rendering it impossible TO complete regular
ssrk list in time for the payment OF the dividend OH
d. Ieth inst stockholders will be required to present
their certificates when claiming payment OF 1neir ui'i
deDds. a. , of s,oc,
holders the Board deem proper To ala tiial Shoud
.rtan discrepancies in the record Of the payment o.
The Iast dividend result in lore 20 this Company through
neoloence or design the paIt of the oncer ~ cues
80 6;s friends have promised 20 make good su:h De
fciencv Competent accountants are en9aged ~ 'ns
ration Of a new stock ledger, ana te re'u, o.
tbe{r Investigations will be made pubic AZ Inc eai''
nos.1ie moment Meanwhile, II may be proper 70
add that The discrepancies above mentioned eos' ~
record In the dividend receipt book kept by te ST.
fsry of 81 $50 shares although receipts Ior ~.
have not been given 10 such AN extent, VIM IN
eautal stock was 30 60 shares On the ouIe[ ',i H.
HE rum of 1866 100 was specially deposited IoI tne
rayment Of that dividend, and OF TINS amount '"'i
remains unclaimed the sum Of S3,1V. - a..
The Board Of Directors further ahhouncfI 'n" taa,
cash assets and securities reported in the balance shee
of May ], 1860, have been carefully IecouI'eu' anu
found correct. BY order Of t ne D1,n p.idert
Paeife Mail Sie0mship Co., New-York, May 49, 100"
The amount Of business for the steamers to-morro"
In foreign bills has been moderate, and rates are u
changed. Sterling lO9a 1907; Francs 5.l64 a5.I5l'
Freights-To Liverpool $4,000 bush Grain mostly
eornl at I'D in bulk and d. IN bags 300 bbls Flour
ate; IS casks Hams a, 2js; and, per steamer, 2OO
box.s Cheese, at 4Os TO London, 2O75 bbs Flour az
O. AID; GOO casks Curants, at 22s. Cd 800 bbls.
Pork At 3s ID; 100 tcs Beef at 5s 3D.; 20 haf-tcs
Tobacco. at u.s. 3d. 20 boxes Hams at 21s vessel TO
S.. Jago and hack, at 4Oc. fOr Sugar vessel from