New-York daily tribune., 1862-05-06
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Mr.. Cisco exchanged to-day $l,6i0OOO Of 7-3O 2
cent Tressury Notes for Gold dollar for dollar. IDis
makes nearly g. 800, 900 exchanged, and it is un'
derstood that the amount will he made up to
A. 600 600 or thereabout which will give the Sec
retary the gold for The payment Of the interest on
the public debt due in July and August.
The business in the stree, to-day, outside OF the
Board, in Gold, Treasury Notes, one-ysar Certii-
icates and Skies has been enormous, and at adj
yancing prices The 730 y cents ran TO 1881 qlO3i,
with come transactions at l0i. The Indebtedness
Certificates were in large demand a y93099i Gold
sold freely at 1881, with small sales at higher rate.
As the 73O y cents are convertible into the new Six
q cents which the Secretary is authorized to issue,
they will always keep in advance of the market
value Of such Sixes The option, which they bear for
abont two wears and n half, OF such converrion is
considered to he worth at least 5 v cent. Before
these Notes are due, Government Skies may be
worth lis y cent.
The receipts at the New-York Custom-llouse to-
day were: Imports, $70,I I39 -; Withdrawals from
warehouse, 81, ,6l9 81 total, $3S,759 06. All the
payments were made in demand notes.
Our advices from Washington are TO the effect that
Mr. Chase will not ask Congress- at least at present,
to extend the limit of fifty millions placed upon tenn
porary deposits Of demand notes with the Govern
ment lie anticipates thai the pnblic will now soon
begin to fond them in the new siI-per-cent stocks
Indeed the Sub-Treasurer hero has already had ap-
pcatons to know if he is prepared to make the con-
version authorized by the law, and has answered
that lie IT, or course, II the public and the banks
will bring in these notes for funding in long stock,
it is much better for the Government than going on
with the Temporary deposit arrangement. which
might, if carried much further, prove embarrassing
in case Of a sudden call for the return of large
amounts.
The old Demand Notes which are receivable for
duties at the Customhouse, have sold at Ia y cent
premium.
First. class borrowers have money pressed upon
them at 4 a5 y cent on demand, and we hear of
transactions as low 303i 2 cent. Gilt-edged
paper il scarce, and short acceptances have been
passed ut "A T. cent. The current rates arc T. %
3, 4 cent, with good names AZ high rs 6d7 y cent.
The Aspinwall steamer brings SOP 900 in gold.
Tie shipment of the year thus far from this port to
Europe, has been $l3 G22 900 against 80, 81 900 in
1861, and - so, 600 in 1860.
In banks and sub.rreasury May 100
In bau., and sab Treasury same tine lbl. y 10000
In banks nnd Sub Treasury sanic time B39.. JJOOltO
The bondholders Of the Chicago, Alton, aud st.
Louis Railroad Company (sIr. James Robb Re-
coiverD, will meet May 10, l2l p m, at the Cont-
mental Bank Building in this city. Business Of
importance will come before them, and full attend
ance s desirable.
At the annual election for officers Of the New
York Commercial Association to-day the following
ticket was elected:
Pr.,ldent-Jsme. p. Wallace. yiee.Pre,ident-Jonn j.
Kmgsford. Treasufer-Brujamin &. Bogart Manager.-|
George u. Crsgin. John W. Thorne. 81. ID 1hona, Wiam
II. swen, auci' A. Ray Addron Roberts, George IS
Reed, Edward. W Coleman, and William Il. Barnes In.
,peelo Of KlecOn-J seey Ward, Sidney sandersOn and
At the annual election for Trustees of tho New
York Produce Exchange to-day tie following ticket
was elected
Trustee.-Francs NJ French, Stephen d. Harrison WI.
Ham ". Newman fdwNd j. Lowber, Robert J. Randolph,
Wili.m Mangan, Edward Cromwell, Adon Smith jr ard
John Is. Wright. INSPECTORS Of Eleetou-E. H. Iomp.,ns
Robert II. Holt and B. c. Boser,.
1T IL said that Pennsy vana Is TO be tue workshop
of the nation Her coal fields and iron mines are re-
lied upon to make her such. These are of great
yalue, but 1t is found by experience that blast fur
ma, can be erected on the Island of New.York and
worked very proftably. Rolling mills and pudding
furraoss much needed near this city, and iron
will great leading article for years to come, it is
well rthy the attention OF capitalists and land
owner in our vicinity to investigate this subject in
relation to Investments for this class Of business
Pennsy lvania may furnish coal, Eew-Jersey and
Nsw.York franklinite and magnetic iron ores. Cap
ta only is wanted to build up business in the up
per part of our island which would employ many
thousands Of laboreu. The frspkliaite Of NewJer.