New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-02-20
SATURDAY, Feb. 1872. =.

SATURDAY, Feb. 1872. y.
The movements in Pacific Mail stock IL still the se-
eorbing feature Of the market and it's rapid and very
eccentric fluctuations keep operators IN fever OF ex
element. II curious fact that the circumstances OF
the attempted settlement in November last and those OF
the presen, time are very much alike. Then, as now
it was authortatiyely announced that the whole mat
ter was definitely closed, and the details oil the ar
rangemeyt were given in full Then, rs now, the
papers were said TO have been signed and Instructions
were sent out to the Pacific. Then, as now, some
conditions were made by Commodore Vanderbilt,
which required fresh deiberaton on he part OF the
Pacific Mail Company bat confidence was nevertheless
even then quite strong in the completion of the set
Element az now The stock advanced in the same ex-
citing way and touched sbout the same hgures, before
the whole affair collapsed and shrnk back to former
proportions. Ii is generally bebeHd that the SET
dement's fact accomplished and the evidences arecer'
tanly strong enough 10 warrant such conclusion, but
many will be inclined to dztrust it, until the papers are
signed and the conditions are fully complied with
The complete adjustment of saoh imporisat interests IL
not the work of day and slight difference might
briDg the negotiations 10 abrupt conclusion. The
stock opened this morning at 81 but fell of quickly 10
81 from which point il improved little, until the
Second Board when it cold down to s9l, and for
time seemed rather heavy. After the Board 1t vas
stronger again. and the stock finally closed a u D9ll
TIE Directors Of tire pao6c Mail Co. were in session
ta. late in the Afternoon, discussing, IT 10 supposed,
minor points OF difference. Ire result OF that Insss
has NOT transpired. Beth lines have advanced the
rates of fare to-day-ibe Mail Co. TO $3.50, 500, aud
s75. and the Vanderbilt line to $3.50, $40, and
sos. The rate for freight is unchanged, and we
understand that it is agreed that no change
shall take place within twelve months.
New-York Central was quite firm during the First
Board, without marked activity. The delay in Legis-
latiye action on the Pro Rata and Toll bills was con
sdered favorable for the bulls. The operations in
Panama were quite large, resulting in decline Of y
cent The Pacific Mail settlement, If completed, will
be advantageous 10 the Panama Road, amply compen-
eating for moderate loss in passenger business by
large increase of freight and by the indefinite postpone
ment Of the reOpenng OF the Nicaragua Transit route
Beading has been of the rnest stocks ON the list
during the day bat not prominent in the deaiing
The Western shares were generally quiet, and except
in Galena and Rock Island there were but small tran
eactiOns. The former steady in the morning, but
closed fraction lower in the afternoon, the tralc
turn of the second week of February causing dis
appointment. State stocks were in better demans
but the operations were principally IN Iennessees
and Mssouris. The latter were in demand at the Eirst
Board at S0s but sold fraction lower at the Second
The afternoon business not important, except in
Pacific Mail and New York Central. The market has
received decided impulse during the week BY the ex-
citing fluctuations in Pacific Mail, and there Is q
stronger disposition to speculate for the rise in stocks
generally, than for some time past. New-York Cea-
trail and of the Western shares have been largely
overtcld by the bears and the short interest is large
one but the fear Of legislation adverse to the Central
on The one hand and the continuance Of unsatisfactory
business at the West the other enables them to hold
the market under partial control at present The closies
prices were: Virginia o. 92l a93; Missouri Is, s94
$50; CantonC Company, 49, all; Cumberland Coal,
Is! 9I5I; Pacific Mail, 81 S9lsi NewYork Central
Railroad 7lIa7lt; Erie Railroad 9la9li Hudson
River Railroad 4OI 04O3; Harlem Railroad, % G9si
Harlem Preferred, 80 a33l; Reading Railroad, l01
40l; Michigan Central Railroad, 81 as; Michigan
Southern aud Northern Indiana Railroad 606ii do.
Guaranteed, HI al43; Panama Railroad, 1873! GljJ4;
Illinois Central Railroad SGT e56i Gaena and Chicago
Railroad, 55saG5; Cleveland and Toledo Railroad,
49, a 1873; Chicago and Rock Island Railroad 62h
G62,.
p S.-Since the foregoing was written, we have
contract between the Pacific Mail and Com. Wander
b and must therefore conclude that this much vexed
question is sculed, unless some fresh complication
arises carrying ont the details of the scheme, which
s substantially we have already stated it.
There is nothing of importance doing in Foreign
Bills, and The quotations steady Sterling, 1850
1857; Francs 5.2095.Ez
Fregbts-To London, so bbls. Pork at a.; | 800 |
boxes Cheese at los; 100 ties. Beef at Is. To Liver
pool, Cheese, per steamer, at 35s. $50 tuns Heavy
Goods on private terms To aayre, 60 bales Cotton |
1t &c. TO Glasgow, 30 900 Slaves, per steamer, on
private teTms 500 Oars, per steamer, at ID. y cubic
DOT 10 Rotterdam, 100 bales Compressed Cotton at
10. To Bremen, 500 bols. Rosin and 400 bbls. Shoe,
'egs at 3s. 3D.; 20 tuns Cedar Wood at 3Os y tun
nd $50 bales Cotton at ic
The business Of the Sub-TIeasury was: Receipts
lS6,li1 53toI Customs, $4,000 Payments, $loi,-
n 70; Balance, $lO,Ol2,53 10. Treasury Notes re-
eis 90 for Customs duIiDg tue week, s9l59l u.
The Galcna and Chicago Road earned The second
;esk jn February;
1859 tib2s