The New York herald., 1875-10-20
FINANCIAL and COMMERCIAL.
Stocks Steady and ShOnger---SaIe Of
Pacific Mail Steamers.
GOLD 116 Ia A 116 5-8.
tlOney Easy at and 8 Per Cent on Call-ln-
yeStment Securities Firm.
WALL STREET.
TrRsnAY. Oct. le-e M.

TUESDAY, Oct 1876 NJ.
The leading feature OF the stock market to-day
Pacific Mail which, the strength Of the announce
ment that the company at effected the salo to
the Japanese government Shanghai line advanced
from 36k TO 3sH, with the closing quotation at 3s%.
The price paid is said to be $Sooooo but private
formation that the only $780, oo0 which but
5000 900 will pass into the treasury the company
This amount If properly applied, will find immediate
in paying the debts OF the company which notes
cannot be gyen-to wit, premium due insurance,
$65 600; balance due Panama Railroad on traffic ac-
count, $l35, 900; demand loans unsecured $103 o00
October bills payable, say $20O,o0O; overdrafts
banks in San Francisco and New York. $50 600; taxes
due the city and county Of New York, $29o,ooO,
making total OF $s43,00o, irrespective of
the notes coming due after this month.
On tho LIST of May, 1879 the property thus sold was
reported to be worth about 81 500, 600 This fact will
furnish suggestive basis of calculation for those who
desrous OF estimating the value Of the remaining
property, and thus the value Of the stock The line
sold consists of the wooden sdewheel steamers Nevada
Costa Rica, oregonian and Golden Age, together with
real estate at Shanghai Hiogo and Nagasaki The pur-
chase made by the Militia Bibshe Company, re-
Gently organized under the patronage of Japanese
government and 1t is presumed that the steamers
will be in connection with the Pacific Mail line from
San Francisco to Yokohama on equitable terms
Another leading feature of the stock market Lake
Shore, which advanced from 54I to 5536 which was
the closing price. The rumor committee are tn
dustrousy circulating the report that this stock will
have further RISE but to the careful observert is ev
dent that the bull movement is under the control OF
the same clique who endeavored TO put the price up
when it was quoted at 65 Western Union advanced
from 1874 to 74S and ended at 741. Erie
than usually active and sold from lax up 15, with
closing prices at 47S The German bankers said to
be losing faith in this stock the report Solicitor
Morris, published yesterday in London, and fore
shadowed in the synopsis OF the HERALD last week.
Northwest advanced from 34s to 35, closing at this
price The preferred stock ended at 40 St. Paul ad-
vanced from 80 to 32H The preferred was steady at
61h 61H Ohio and Mississippi improved Il per
cent ending at 16, after sales at 156 and I6A. New
jersey Central was steady at 103M 1887, New York
Central at 103 Harlem at 49, Rock Island at 1o3K,
Atlantic and Pacific preferred at 51k after sales
Missouri Pacific declined from 15% 10 14K Michigan
Central was comparatively quiet at SIX 57%
SALES TO-DAY
amounted to l62 500 shares, which among active stocks
divided folows:-New York and Hudson
BIO; Erie 1880; Lake Shore 27, 77o; Northwestern,
5000; do. preferred, 110; Rock Island, 600: Pacific
Mail, 1880; ST. Paul, 1900; do.Epreferred, 1000;
0hios, $500; Western Union, 24,65o; Union Pacific,
zoo; Missouri Pacific, s. 700
OPENING, HIGHEST AND LOWEST PRICES
The following table shows the opening, highest and
a.