New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-12-25
LOCAL MISCELLANY.
A HOLIDAY STOCK MARKET.

hOLlDAf STOCK MARKET.
"A''~s'' VERY DULL-REsUMPuON OF BUSINESS BY
fNA hArch-sUBsrDIes FOR CARRYING HE
MAILS.
yesterday was dull day in WalI-st, and
In tho stock, gold and various s,cha,ga A.,
far as business was concerned Tne ina.t,o, =, ,h CO.
rency, which was universally anticipated WA fullv ds
counted by the specuators and the hesitspcv n, Com
gress TO take any positive reference "a nan
DIAL matters has caused general stagnaten In stock
and gold speculation and change IL expecte1 until
after the reassomblDg OF Congress- The stock mar
ket was firm but very little business was done
The demand for money light and call loans ranged
from Ave to seven per cent The report from the Treas
nry Department OF legal tenders since
Tuesday OF $4,000. The Internal Revenue receipts
wers tci 100000 bonds Of 1853 were exchanged FOR
new Fyes Foreign exchange depressed on account
~ tina Increased supply OF cotton bills from tue South
1914 WAS the asking price for GO days sterling bills
There was limited inquiry from importers
The Clearing house is prepared to make cheering
report The loan certificates are now peducou 10
a 800 oo which arc divided among five banks, two OF
which hold very small amount. IL Is said that by the
LIST OF January only bank will have any outstanding
Tho banking house Of Fisk & Hatch opened its doors
for the resumption Of business. This was entirely u
e1pected and took the public by surprise The members
OF tho firm have been quietly preparing 10 resume
on Friday, but very hatnrN ocs"o ="
enjoy their Christmas led them 70 open sooner than thoy
had desg nod. Most OF the brokers and DanKers hao
left the street before the announcements was mauo p"'
the counting room was flied with large assem-
bage OF friends who called to extend their conratua
tions on the happy occasion few earnest WORDS OF
cheer and hearty shake Of the hand were extended by
many old business and personal friends.
Messrs Fisk & Hatch say that tbs extension ihey
asked ia only from their larger credtors and that thoy
are prepared to pay all deposits Of SUNS Of $500" ind
under.
Shepherd Knapp President % che Mechanics National
Baak. whose proposed retirement on Jan. mas peen
announced was presented yesterday with letter cf
congratulations his past and wishes Tor MS
future prosperity signed by the Presidents Of all the
banks connected with tho Clearing house. MT. knapp
has President OF the Mechanics Bank Tor - years
He took the position when 1t had an impaired capital Oh
300 he leaves 10 with surplus of over slOOOS
His successor has not elected but " Is understood
that b. b. sherman Vice-President OF che Merchants
National Bank. will be chosen to NIL his place.
Tho Special Committee OF tho Produce Exchange on
National Finance met again yesterday ard appoihIeaa
subcommittee, with Instructions to prepare resolutions
and report to the Committee on Monday next
IL. G.. Stebbius one OF the Directors OF the Pacific
Mail Steamship Company. reoently returned from Wash
ington which he visited to make inquiries IN regard TO
the payment Of the second Government subsidy OF
100000 per Tor carrying the mails across tho
Pacific. lie has not yet reported to the Board Of Di
rectors but 1t Is known that no was informed by
Postmaster General Cfeswell that the second subsidy
could not be paid, because. although the Company
had performed the full duty imposed upon them by the
act and on which payment Of the subsidy was con
doned the technicaltes OF the law had not been COM
ped with IA the mails had boon carried in wooden
instead Of iron vessels, spec fed Company have
pow only two IRON steamships ready for the Pacific
trade and IL Will be time before the fuu cond
tons o, the act can be satisfied unless the law "a mod
fed The first subsidy. granted on wooden side-wheoi
steamers Of $500 tons, will be paid