New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-05-17

viii take place on Monday, the l7th INST, at l2t
O'Clock, at The Merchants Exchange.
Albert II. Nicolsy's regular daily auction sale OF
stocks and bonds will take place on Monday the l. IN
inst, st l2I O'Clock, at the Merchants Exchange.
Dr. Nathan c. Ely has been reelected President of
the Peter Cooper Insurance Company. The business
of the Clearing House SIC 339, 6 The bond and
stockholders of the New-Albany and Salem Railroad
Company are called together at the otice OF the
Farmers Loan and Trust Company, on the 18th INST
The United States Trust Company, which s the re-
cever of the defunc Suffolk Bank of this city has de-
clared first dividend Of 10 e cent on the unquidated
claims against tina. institution. This probably al
the creditors will get. considerable portion OF
the indebtedness of the Bank mad been pre-
yiously paid off with assets. The Balance Dry
Dock Company has declared dividend of = cent.
The receipts of the first week in May on the Michigan
Central Railroad were 1926 "a against sol, COS -
same week last year. The earnipgslss year probably
included boat earnings on Lake Erie The boats this
year are not running. The = + cent Treasury
Notes mentioned yesterday having been awarded by
the Secretary to the = cent bidders gives the fol-
lowing amounts to the aforementioned parties: United
States Trust Company S6,750 Farmers and Mechan-
ice Bank Philadelphia, $1,000; Gore, McAIlster %
Co., 80 500; Read & Lsthrop, $3.50; Marie & CAM,
81, 500; Merchants Bank, Boston, $500; A. Bel
mont. New.Yok. s, 80; Clark Dodge Il Co., 5000;
Park Bank, $lj eco; Chemical Bank, sll 2jO South
wark Bank Philadelphia $3.50; National Bank,
g. 500; Fulton Bank, $500; Bank OF Commerce,
s56. $50; W. c. Bestor, Washington, $4,000 Bank
of the Republic, New-YoIk., $3.50; S*eeny, Rtten-
house & Co., sl2 800: Riggs & Co, $3.50; Thomp-
son Brothers, New.York, $25, O0O; Ketchum, Howe &
Co., sl2, 100; Sewen Ferris & Co., s25,OOOi Trevor
g. Colgate, $3.50: Dre1el & Co., $3.50; Bank Of
North America, 5000 f. w. Clark & Co., 5000.
There are considerable amounts OF new Treasury Notes
on the market for sale at az = cent premium for the
a and Il T. cents The transactions quite large.
Tire E certs, which in small supply, sell a. al
y cent. Several propositions have been made 20 the
Secretary OF the Treasury for the reissue of the Three
Millions which have been paid in for duties, and upon
which he lie authorized TO fix the rate Of interest, but ne
has not yet accepted any Of them. a correspondent
writes us in regard to the Yrissaui Treaty, &c. In
the mean time rumors that the Steamship Comno
dores having smoked the pipe OF peace, and arranged
al their differences the great and victorious Commo-
dore consents 70 the appointment Of connection OF
the little yanquished Commodore as Receiver for
the Accessory Transit Company, who will examine and
certify as to the correctness Of ell Presidents aud
Agnts accounts with that Corporation and discontinue
AL suits against exPresidents and Agents for cOnspra
cy and fraud 1t to be hoped this settlement will
prove equally gratifying and satisfactory TO al the
stock holders.
The following are the receipts on the Morris Canal
for the week and sesson to the Isl nst compared
with corresponding time last year:
Week ending May 2 iS57.............. z2l2e 81
Week ending May 9, ls57............ 4's26 o,o,,o-
Week ending May |, ls5a............. sl46s3 -
Week ending Msy g. .ls5s............ 7c23 " ,o,,.o
Decrease in sISS %
The Banks of ST. Louis have resumed specie pay
ments. The Banks Of North Carolina viii resume
about lst J1y. The extended condition of the Bank
of the State prevents the resumption Of the Banks of
South Carolina. At g recent meeting Of the Bank
Presidents o. Charlestor il voted unadvssbe 70
resume before July, and then the question IS TO be
taken up for discussion again.
The tunpage of the Reading Road for the week is
20 sll sganst 80 67S last year. The aggregate for the
season lie 5l4 i9l sgans CO.. 9s The Sbtal decrease
in tunnage from al sources is IL ,326 tuns.
Transactions in the Money market are characterized
by the features of excessive supply and limited
demand The scarcity of satisfactory paper continues,
and the offerings at the banks and in the open market
are very limited. Discount rates range at from 20
= cent the best names going mostly at from TO 5,
and in exceptional instances as low as 3d3l. On
call the figures rule a, from TO s. the bulk OF loans
being made at 1. The current Of the mHke. still in
cines TO and lower rates which may not however
be resched until larger absorption Of good dividend
paying investments takes place. The vast stores Of
the precious metals which now fill our bank Golfers 10
OVERLOOKING continue TO accumulate interrupted only
by cc.ons transfers 10 the United STATES Treasury in
exchange for Treasury notes The commercial history
Of tire country furnishes example OF such profusop
although rates OF interest have ruled equally low be-
fore The more palpsbe this abundance becomes aud
the longer s duration, the we liable TO those
feversh speculative movements, which for the time
render people nsensibe 70 former lessons and expe.
ences In this point OF view and anticipating such
healthy reactions from the business paralysis OF the
last eight months, the money glu OF the present tine
may be regarded Sc positive evil from tie increase
Of which the sooner We escape the better.
The MrGnkoe WIseoHsiH states that the Msyor
and Controller of that city, in compliance with aresolu
ton recently passed by the City Council have started for
New-YoIk 10 make such arrangements as shall seem
hes; 70 them to NEST the liabilities Of the city, and to
support its credit THeUieoasinssys: The unanimty
Of action or the part Of the Council ough: to be
sufficient guaranty TO the creditors OF Milwaukee tbs,
reputation forms no part Of our doctrine" Thi.is
rot only encouraging to the holders Of Milwaukee City
bonds but evidence of the sste of pubic opinion
in Wisconsin quite cheering TO those wlo hold the
securities Of various ctiee in ths; fourishing State
whoee credit has been loaned 10 some Of the prompep,
lin At eonstrue.Sd vifhi, a