The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-06-15

Tho shipment OF specie by to days steamers aggre-
gated $50 Of which the Persia took $3.50 $50 and
tho City of Cork $3.50, ooO The Pennsylvania, which
sails for Liverpool tomorrow, WILL is reported, tske
than 500, 900 In addition.
Cash gold little in the street than it has
been Of late sixteenth has been paid by
In
The supply OF money increasing in proportion to the
demand and Ave per Is the outside upon gov
eminent securities and other first class collateraa On
miscellaneous securities transactions at six recorded
Tho supply Of commercial paper continues small but
bankers show disposition to discount any but the
highest grade FOR which the is on per cent and
Tor less choice signatures TX g. There is a certain
amount OF latent d,strust in the financial mind
which Induces feeling OF caution and call loans have
therefore, the preference at reduced rates.
Foreign exchange Is firm, but, usual the day Of
steamers sailing, there is remarkable activity in the
market Bankers have asked 1903. their sixty days
bills net and Ill short sight The Presidents pro-
clamaton removing all restrictions upon commercial
Intercourse with the South both esxt and west OF
tho Mississippi, excepting only articles conraband Of
war, II regarded in Wall street the proper
step for the Executive to have taken at this
Juncturc and, although II will not be likely add msteri
ally TO export trade present may be expected
pave the way virtual we'll nominal resumption
OF trade with the South Is very desirable that the
cotton tobacco and other produce hidden away In
tho interior Of the Southern country, should find
market and 10 this end the removal OF all political
veil as commercial restrictions would be conducive
The National Trade Convenoi which Is assemble At
Detroit tho 10th OF July. viii doubtless have for its
most prominent object ths consideration OF
cia relations with tho British provinces and the sbject
and terms OF reciprocity treaty II will however
discuss questions Of trade and finance generally IL is
understood that all the commercial bodies OF the United
States and Canada will be represented ut tho congress-
and their deliberations will be watched with considerable
interest by the mercantile community The subject Of
railway and other carrying facilities between the West
and the saboard will n matter of course receive at
tsnton and arrangements equally profitable TO the rail
roads and the OF the country may be the
suit The resumption OF trade with the South aud the
bost means OF developing 1t are important topics at the
present tmo with which the convention will have to
DEAL and much good may from thoir consideration
by body of intelligent merchants and others interested
therein preparatory conferences have already taken
place Boston and elsewhere and one Is to take place
at Toronto the 2lst ns and there Ia every prospect
OF tho Convention proving succesa But at the same
time It remains for those who have issued the CALI to
90 manage matters that il will DO danger OF here
after proving " a hzze."
With regard TO reciprocity treaty with Canada, there
can be doubt that the sbrogaon Of the present one
was premature, ana more IN consequence OF preJunce
against Great Britain owing TO her letting loose prvaecrs
20 prey upon commerce than anything else Indeed
che arguments Of Mr. Sumner In the Senate favor Of
che measure furnished u great extent their own con
tradction. But, nevertheless II Is possible 70 i'm
prove upon the old treaty construct more m
accordance with our interests and at the time
acceptable 10 the COLONY It must be rcmem
bercd that whatever couduces TO the activity
of trade between this country and Canada beneficial to
US The value OF exports TO Canada In 1858 was
only seven millions, bull under tive Reciprocity treaty
they increased 10 twenty-eisdt millions In 1s63 Our
imports from Canada In 1859 $4,000 md In 1893
about twenty millions In the ten years Of the treaty
tc otal exports 10 Canada and tile other British pro
vinces we're valued at $3.50 s5Oo3j, and the total i'm
ports during the same time at 5000 800 7sehe exports
ing in the proportion Of 100 to ~ The total experts
TO Canada dnrng tho three years preceding the treaty
were valued at cal s0e sos-beipg In the proportion o.
100 70 52 while the entire exports TO Canada alone DUB
Ing the ten years Of the treaty el7637lsl AMI
tho Imports sIo, 4,l,A7 10 the proportion Of 100
70 o. -.
Mr. Cornelius Vanderbilt has been elected President
and Mr. W. H. Vanderbilt Vice President Of the Hudson
Diver Railroad Company.
The Comptroller Of tho Currency has provided for the