The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-02-28
NEW YORK HERALD FRIDAY FEBRUARY g. 1s7s-rRPLE

The Tennessees declined to so and Missours to "a.
New South Carolinas sold at 2ok and the old bonds
were nominal at SO a Is. North Carolina special
taxes closed 1rm at Is. The following were the
final quotations Tennessee. ex coupon, SOY 81;
do, new, sOk 81; Virginia, ex coupon. 42a 5o do.
registered stock, old, 81 AZ; DO. skies, CONSOLE
dated bonds, SAN 55H; do. skies, deferred scrip,
14K q 15H; Georgia skies, 70 so; do. sevens So
q 90; North Carolina, ex coupon, 81 81; do, to
North Carolina Railroad. 90 a 81; do, fundiag,
1866, % %; do. do, 1868, 81 rs; do, new, Is
10; do, special tax, Is q l6; Missouri skies, 94A
q 94@; do, Hannibal and st. Joseph, elk a91K;
Louisiana skies, as a so; do, new, as a SO; do.
levee skies, As so; do. do eights so 65 do do,
Fights, 1875 go 20; Alabama ives, SIS so;
do eights 81 a ST; South Carolina skies, 80 q
As; do, new, January and July. 20 81; do, do
April apd October, % Is; Arkansas SKIES funded,
40 So
GOVERNMENTS LOWER.
The government list was duh and lower, prices
falling or q X per cent. The CTS were excep-
tionaly steady and fairly active The currency skies
sold at ll4 The following were the closing prices:-
United States currency skies, 1l4A Hay; do. do,
1881. registered 1l6sS 116X; do do. do, coupon,
11ss< 1lsh do. fve-twenties. registered May and
November. 1867 ll5X; do. do. 1852, coupon, do,
115AI t15zs do do, 1864 do de-. ll5% ll5H DO
do, 1885, do. do. 116h 11os; do. do 1857. regis
tered January and July, 114K 1l4sl; do. de-,
1866, coupon. do 114H 1l4x; do. do. 1867 do.
do, 1l6H 1l6A; do. do, 1868, do. do, 1l6A
lls%; do ten-iortes registered, 1l1H NIX;
do. do, coupon, Hay 1l4x; do. hves Of 1881,
registered, ll3H 113H; do. do. do, coupon, ll3x
1884
STOCKS FEvERIsH AND BETTER.
The stock market was feverish and weak through
out the forenoon. and betrayed at times DISPOSE
ton to run or into panic again. But as the alter
noon wore on and no failures were announced or
rumored a more confident feeling set in, which
was further streng :hened by the easier rates for
money at the close and by the actual passage of
three O'Clock without single suspension or fail
ure, although the shrinkage in values had been
deemed large and sudden enough to have reaped
heavy crop Of them. The interest centred, OF
course, in
PACIFIC MAIL,
which opened with further 'break" to So, rallied
to 80, went Off again to 59E, advanced to 63A lat
three o'cock), and receded eventually to 61A. At
the morning board the announcement was pub
licy made on behalf OF Messrs. II. w. Gray
Avery, the principal brokers of Mr.. A. b. Stockwell,
President of Pacific Mail, the most conspicuous and
prominent operator In Its shares, that the rumors
OF their embarrassment were without foundation,
and that they were prepared to meet any and all
just claims,
CONTRACTS AND OBLIGATIONS.
q promise which they kept to the letter. Still
later Mr.. Stockwell himself authorized a state
ment that he was not in difficulty, and that he had
met and liquidated all claims presented to him,
and was prepared to fulfil all his contracts and
obligations OF every nature. And so the day
passed over without the panic which had been ap-
pretended by some Of the most phlegmatic men
of the street." 1t is generally believed that Mr..
Stockwell has been very heavy loser by the de-
cline in Pacific Mail but. as he has preferred the
SACRIFICE OF MONEY
to the loss OF his good name-an alternative which
many another Spectator similarly situated might
not have chosen-he has started Alright for regain
ing the extraordinary prestige which he welded
last Fall. Those who play and pay in Wall street
are most likely to come out winners In the long
run. Outside of Pacific Mail, which, 1t will be
seen, left or lower than IL closed on Wednesday,
the market underwent an Improvement Of con-
siderable extent. In the case OF Panama
there was q recovery at one time to no. but the
closing sales were in the vicinity OF 1o7. Western
Union recovered to sos, Lake Shore to 9S,s, New
York Central 1O3 and Rock Island TO 1887, while
Erie, which was strong, If not buoyant all day.
to 65zs. In pretty nearly all cases the last prices
were the
Harlem was active and advanced to 100, the rise
reviving the old idea OF a scrip dividend and
doubling the stock after the fashion of New York
Central. The Boston, Hartford and Erie directors
met this afternoon and agreed upon programme
OF business, which will be made public next week.
AS the stock fell in the market to 81, the pro-
gramme, which the directors agreed in their meet
ing to treat for the present as profound secret,
doubtless proposes to make an assessment upon
the stockholders to meet the claims OF the bond
holders. Missouri Pacific sold down to 5O1s and
Atlantic and Pacific preferred closed at 25, the de-
cline in both being the result Of the rumors already
referred to concerning Mr. Stockwe.
THE QUICKSILVER COMPANY.
At the recent yearly meeting OF the Quicksilver
Mining Company the annual report was read
showing that the total product OF the mine for the
year ending December 81, 1872, amounted to 1852
tasks, which was sold for $685., 1856 gold. The net
profits including rents, amounted to $451,7 59. The
company has no noating debt; 1t has on hand
100000 in cash and s1l5,0OO worth Of quicksilver
and supplies. The quicksilver produced last year
was sold under contract at $31 per flask for the
first three months and at $50 80 per mask during
the remaining nine months At the election for
officers and directors the following board was
chosen daniel Drew, President; James 8. Thayer,
Vice President; Eugene N. Robinson, Treasurer /;
David Mahany, Secretary; James Il. Banker, A. B.
Baylis E. D. Stanton, Eugene Kelly, Edwin Hoyt,
George G. Pride, Ludlow Patton James d. Smith.
HIGHEST AND LOWEST PRICES.
The following table shows the highest and lowest