The sun., 1873-10-24
!, the effect on the stock market

among the banks, the effect on the stock market
was depressing.
For month past II has been well known in
Wall street circles that Mr.. Stookwell had pro-
posed settlement ~ his rcrenccs with the
Pacific Mail Steamship Company, and that he
had offered To- give the company l0,OJ0 shares of
IT. own stock In liquidation Of all claims on ac-
count of the 1000 shares which were In dispute,
ahp Which are still too familiar to the public
{" here require renettion: IL viii be remeui-
hcrcd that originally the Howe Sewing Machine
Company notes to the extent " f1.liutOl We q
pad over 10y the requl' 'emens of last year IL ard
of Directors, and that $4,000 Of the same
was retired by y sale of certain steamers witch
wer" ~ the time the properly Of MIR. stock vc n,
although then President Of tho Pacific Nnil
Company. so far IA negotiations on the stock
ace ,unt had progressed there was y compare
tive harmony OF Views, hut the real hiich AZ
pear to have been In the matter of tho sdlc II
incTe steamers. For the four boats, Nevada
Moses Taylor. Nebraska and Dakota, the com
by the present Pacific Mail Committee that the
terms uf the sale were not complied wit and tho
Nebraska and Dakota Mt the present time re-
quire such extensive repairs that In the
estimation of good judges they viii not
warrant the expenditure. The Moses TAYLOR
was regarded ns the only actually sesworthy
vessel though the Nevada Ia now in service.
One Of the points In dispute was that those
stenmers were ptrchascd on condition of Tia, u
celivcry In San Francisco m seawOrthv cpnii-
non; nut couprnlilise was made NY Mr Sto'N
wells raging tho Stu.fDO expended ON the No a
da. and also guaranteeing reimbursement for
any necessary outlivs on the other vessels Tue
price "f tho stock declined on tnis scttlcmon,,
nee Use the company gave NJ S,tU.pO Of Howe
ScWny hhch nc COMPANY notes and mortgages
frr practically about I $1,000 Of stock, which IL
II prohabie will soon bc disposed uf to meet
pr, s-ing obligations. II will not he forzuttc !,
however. that the company sold with some
rcserVHtiOns the Colon aud Acapulco new
ships and four otle era, which formerly hs-
lungcd To- tho Central American line. to trc
Panama railroad Company for a loan 90 SiW.Utl.
iut tl" Tan una company had paid p'N 80 o.
uNt when the panic rdiuc On, and the Pacific
NAL htNo been uh.ho u obtain the balance.
The General f,cl.nt IN the street is tuit stuck
well na- ~ ihis settlement the best of thr bar
raii. lh"uih lh"sr VINO ng'ifc carer ny nn this
matter ID. .Vuid r.iucuh"r that he must have lost
u considerable sum when lie threw overheard
t,Ii- amount Of il,tU shares in the early panic,
tho urice having been about <5 This amount WIS
renurrha-"d NJ about r., though some Iuta were
again thrown overheard when tho price touched
:" IN The fitur" Of the Pacific Mail Steat'siip
Company dos not look promising when u " re-
men,bored tnat the CHINA market has been SUI
fering irrm AN over supply of European goods,
aud that the tea shipments 20 this country nave
been also ONerdOns. and, further, that the TX
China companies In San Francisco some time
ago notihed their countrymcn not to come to
this country because oi the Overplus OF Chinese
labor added to the III treatment tney received in
California.
The extreme fluctuations uf the leading stocks
will be fou below.
The total number OF shares dealt In was H.
6li. of watch Western Union represented 81
lH; Ohio-. l1.NU: New York central. II ~;
Lake suorc. lU,lOO; Pacific Mail. $50; Rock
400: c, and / G., l.'.c; Northwestern, l.stl:
-. Paul. ll'N; Cleveland and Pitt shurgh, $50 At
.. 4'svtS' H.ia" M aiei Lack mama anu Msstrrn,
United states Express, III. New jersey Cen
ttai .l0: LIir. ~; Harlem. 40. Quick silycr.
~ Adams ENprcfs, 10. Atlantic and Pacific
innd nrd NIniu', Cumn.nv. no a, i, s,'h n,
Pa i preferred, 10.
me ne soll matNet was 1hl't hut hrin. Trade
trans 'rtinns was moderate. blt du'inl the mid
special comment. The Same CnIrltteriStic4 ~
heretofore np'ed still continue prominent, but
l"t" VIII not l"r mo present. bc recorded rny
llrkr or 'np"rtnt t-hn- rn"ns. Inc "rcnns
-cqlelt i-'i.neto 49, bi. cl-iat., - :. 40, to.
IL .'. ''.'.. ~ '.oc. plia fl-a a.,.r. ..u-e..r
M f'.H - -. - .,.m .,,, 10 p'' '.' A." 60 49,.
ss =, t.,,i ,.o ~. "- ~ S.-r
A. M.....lcs ioos \ NJ. .icsA. 2:57 r. NJ. ioss
e.H 4 NJ ig. i.igA A. n...ioHS - MI ~.
lVto \ M....iIsE l. O. /, S....iOs. ar M......iVsS
The dar business the UnteJ States Sub. Tryasur,
5 is cold saisnc- ,sss7 , Is currsncy IcesIsi. M
,ie'tl7ssi currency psymruts. s>les.elI; currency
~, Ihc lressur, balances At %. close of business ia
o~t iseluGng ,goG cola esitsssts.. s ss" IL
amount OF legsl tenders outstanding is s.jji5I az a
seS. 81 , S 'Sss tooy "p Ihe % Psr rev
r"ccpts Tor the week end'ns OFT y amounted 10 3
OF Ing isnd anrine II. past ~ecs w.. iss7G1. 1hcre
oaee % day ,nakins total Of fl.a2D.i slee OF 9
.,c- pf . a,,s 6l,s sad II ~ X S''a .a
to Ts @S9e. saa .d9,sa, a1Si rqiss
s.S Sparsa nof'S Of c1 the as .ioc. ~. .c f's
.G''f 4 :a:i S@:'S; S:.i s !.
TIM 81