New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-04-21
WEDNESDAY, April 2O-P. VI.

Mhe cioso - nm, Erie and Reading well
are Norwich and Stonington Canton was also
sa IN GOOD demand The Coal Shares were rather
.u"' ""1 he sales not extensive jersey Zinc and Nor
.a.dv but not active The premiums railroads are
IH "o Ga, executions The bids for the Consolidated
. S.' A. not vary much from yesterday. Michigan
S"n,n and Northern Indiana advanced to i2' Sxthav
,,s MICHIGAN Central liz. Erie Bonds continue to I'm
ove Convertibes of 1862 sold at par, and s7l at 49,
SECOND Mortgage 1911, First Mortgage 49, Hudson River
- oal Government Stocks not firm. a sale OF
o. 600 ss 1856 was made at 07 and $4,000 1862 at ll3
II Exchange there was moderate business doing at pre-
SLOWS rates Sterling to %. Francs SIS to 5l33.
paobts are dull To Liverpool, 10000 bush Grain, ID.
ooo hills Flour 2s 3D.; Cotton I'd. 0y32d. To Lon
aon Oil Cake cd G3s 500 bbls Pork, As; 1000 do On
am nr;vate terms Cheese and Bacon 35s Tobacco 3s Cd
a4s To Havre by the packet LIST proxr and French
esse Cotton &C., Pot and Pearl Ashes 8 $40, and Mea
surement slO To Marseiles, Measurement Goods $40
To Antwerp Spirits Turpenne &c. Cotton &C. Coffee 5c
5000 lbs Whaebone &C.. 10 tcs Honey, 3lc. Resin As
and hhds Tobacco 35s. To Rotterdam 100 bbs Resn s.
Cd and to Hamburg 5000 lbs Whalebone and so boxes
Tobacco sc 400 bales Cotton, l0916c 100 bbs Spirits
Turpenne 2Ic; 40 tuns Logwood, 2js 400 boxes India
Rubber Goods, 35s.; and 200 bbls Shoe Pegs 3S Cd
brig was chartered for Cadz with Pipe Slaves at $50
500 Neapoitan, for Marseles at s2O0s22 for Light
and Heavy Pipe Swede for Lisbon, at SIP for ogshead
Slaves out l2c for Salt thence to Rio Janero and SOC Tor
Coffee to NewYork brig from Ragged Island to New
B. to Bristol Channel HOS ll5s; another to Dublin
Nos and schooner of 600 bbls to a Windmard Island
and hack 81 OOO To California Freights continue dull
and except clippers just closing Off rates tend down
ward with lower rates however, there is more Coal ana
Lumber Offering
The State loan has at last been awarded as follows
RH KINGS 5000 90 C.. s WILSON, $4,000 OO
W Watson $4,000 90 IB +. Bancroft $50 10000 90
A Erickson - $4,000 90 Geo w. Cuyler.- l4296l %
J. GOII. SOVoo ool
;oS 20 a 5xyhi n
Rether with the premiums received viz s3iO38 49, makes
mn the amount of the dbto be leaves
the actual debt s43296l The average premium on the
loan as awarded is very y cent for a . y cent
stock.
The steamer brings advces of very important hnancal
measure contemplated by the English Government In re
I.on TO this plan The London Times of the sth has the an
nexed remarks
The rise Of prices this morning affords proof that the
plaD of the Chancellor the E1chequer is approved on Its
intrinsic merits, since such an event. when carreu oy
certain point would simply denote any given proposlton
10 be needssy favorable to the undholder ana proportion
ably less advantageous for the country An opinion tht
his the in the present instance has in fact been al
most universally expressed in the city day and when rs
ecoeced that the idea of issue of Exchquer Bonds for
20 years bearing higher interest than q cent was
Yesterday welcomed by all parties alike cacu
Lated TO be cOnvenienttO the capitalist and beneficial Tor the
nation will be understood that DISAPPOINTMENT must nave
been felt at proposal which, while it will effect far less
annual saving, will involve the contingency OF adding ~
cent the greater portion of the National Debt tap
Of the scheme provides for paying off the following stocks
which unnecessarily at present form distinct features OF the
public liabilities, namely - |
Debt due TO the South Company per cent
Old South Sea Amuites, at do..-.....----- 3OlO31o |
New South Sea do, at do. 2l319o4
South Sea do, l75l at do. 4oo2UO
RAM Annuities 1926 atdo.............. 709,292 |
To,o, 4 TO- OO063s |
And that the holders of these are have option of
fiOo in money every flOO stock of taking instead
Esq los New 81 Per Cent Stock guaranteed against re-
ducton for 40 years-namely, till the 9Th January, |
1894 and which will yield anannual interest of 12
lis. Cd. or,
flo Twoand half Per Cents, guaranteed till 9Th Janua-
~, 1894 and yielding annually ~ los or
floo Exchequer Bond bearing % per cent for 10 years
namely, till LIST September 1864 and q per cent
for an additional 30 years-namey, TIL Septem
1t will therefore be observed that while the annual saving
to the country from hs conversion supposng Exchequer
Bonds OF "a cent TO have been successfully offered
would have been $4,000, it will if tl1O OF "a T. cent
stock should be claimed for the whole tlOOOOOOO only
amount t2O00 and at the cost of adding tOOOOOOto
the principal OF the debt Beyond this however appears
that all holders of ConsOs Reduced 1.-THE aggregate
amount of which is f494O 44 to have the power
by giving notice any time before the 10th of October next
10 commute those stocks for either of the three descriptions
OF new securities to be created that suppoS he
Mole TO be converted under this plan and the Iwoda
Hall Cent Stock to be the chosen the saving OF
interest effected would be but quarter cent tslnce tlo
Two and Half y Gents would Weld the holder f2 ISL
and further load Of sac 100000 would be added the
Permanent obligations of the country 80 strong has been
me ieemg ON this point throughout the day that has pre-
what would otherwise have been witnessed since general
IMPRESSION has prevailed that its final adoption out OF the
uestion
For long time there has been little doubt that a period
vas approaching when stock % per cent guaranteed
% " year. would accepted by the parties interested IN
pace OF Consols Reduced and in finding that these
Terms are offered with the unnecessary possibility of an
sddhon OF to the nominal capital othe national
@ e Puone' apart from their universal and instructive
Afersoh 10 such an increase feel that condemn
IT as an act OF great mprovence Ar the same time il is
70 DC assumed ht e three classes securities be
shown 70 have been calculated as equivalents and hence
ailougn 10 IS likely to the proposition
cieDt will probably be urged when the (barcelor shall
make his statement to show that has mo-, hem mt forth
without consideration The first Of The three serpotives
snamely ts2 10 OF Three and Half per Cent stock for
every 100 Of ConsOs is wholly in accorl,nce with the
tendency Of public opinion and the SAM nav H. also said
with regard to the transferable Excheuer Ronds Fv.n
in these however il is believed Thar tb t,ms are
unnecessarily favorable and especially that n il mDolitc
give the holders 0 COnsos and Reduced the nlimted
of making the conversion before any partial .xper
m ent has been tried 20 ascertain that point
ure the tenth paragraph OF the proposed resolutions
pr, wass that amount of Exehequer Bonds shall be
sue Aeeedng in the whole the sm OF Thirty millions but
NC seventh paragraph states that holder Of Con
sys % neoueed may commute his stock either for the
3Ne" Half per Cents, the New Twoand a Balf
" I y. xsxchsquer Bonds III 70 be assumed the lin,
Eno,; = ~ pasr mat IN the Of the latter fresh ap-
FOR them' should exceed The u ,ne propose"
may be, remarked that allouoh Cav he a s;,l
SILL he newer os Pponment has been manifested il
the offer TO grant the tl0 To. me siipe OMISSION OF
other two proposals still revarss IAN per Gents me
zion and il must also be added that WIN warm sAsac
he deemed oesnsoDe Oh iuh discussion Of the question
chancellor of the Exchequer departing grsned 70 hl
7soLII,, xepfurDg original but per.e. Touihc ~o
,nenf 10 eriticise them on the whole With 80, %n