, 1865-05-19
FINANCIAL And COMMERCIAL
MONETARY.
TunHsnAY EyEEyEa

THURSDAY EVENING, May Is.
A call was published in this mornings TRIBUNE,
for convention Of manufacturers, miners .Ec.,to
he held in this city On the 18th inst. The object
OF the convention IL, VIC understand. to adoptsuch
measures 81 will tend to promote the interests Of
manufacturing and mining in the Vest. Now
that the rebellion has been eubdncd, and the re-
tutn of our arnes to their homes is looked for at
an early day, 1t becomes the people Of the Western
States to ret themselves earnestly and vigorously
to work to develop our vast resources. Thus far
the progress made In mining and manufacturing
In the Vest has been slow, mal11y owing to the
lack OK concentz. ted capital. We can no 1onger,
however, plead this excnse. The Increase IN
wealth, and the national system OF banking will
afford additional facilities 10 enterprise aud ingen'
ilty, wherever 1t Ia well directed. Before year
rolls past, there will be such tide Of emigration
from Europe TO tho Western St1tea as the world
never before saW and IN this way We will have
an abundance Of ekilfcd labor at reasonable
rates. Then We have at present higher tariff to
protect our manufacturing interests Than ever be-
fore in tho history Of the country. This OF itsef
will stimulate exeftions to increase Weaternman-
ufacturing interests but there muat be united
effort to plsnt factories and workshops OF all Kinds
in every commercial center, and in this WAY I'D
will attract population which will supply large
additiona! market for our l1tge and increasing
the farmxr and stock.raiser save the high tolls
which haye been ezaeted BY the Carrying interest
drr,ns the paat four or fye years, aud Which will
doubtless be increased unlegs We do something to
ottract mechanics md artisans from the East and
Europe, When We taxa into consideration the
fact that mere faction Of tho Western an1 North
western States hare been settled upon, and tho
ipadeauacy Of the present facilities for transports
ing our prest1t snEplas Of products to the seq
bp.yd, VIC can have some tdea what 1t Wit1 be
when Tho surplus HI, been increased teu:old, as
1t will surely be. within few years, unless, We
create home market.
We trust there will be fall attendance at the
coming convention, and thss wise aad practical
measures will be adopted.
To-Day the general markets were more active,
aud the prces Of produce ruled higher, but It Was
mainly In Consequence of q local speculative In
qaIry which has ret in, as the markets East con-
tinue. dull and dropping. The gold market re-
mains etc dy ethe Tauge Of quotations Today being
1s9!Q1sc3. Rarely IT ever before has the market
exhibited such quiet and steady charactor a. hss
been maintained Tor three days past.
There was very active inquiry for money to-
day, which WIS tolerably we'll met II the bankers,
who accommodated good customers freely at 1Uper
censper annum On the street rates are drm at112
per cent per annnm. On the street rates are from
1@2 per cent per month. Thers was a better sup
ply ot currency to-day, but the banks are not gen
orally di.countug as freely as usual, on account
Of the nervous and unsettled state Of values;
Eastern Exchange Il sgaia aln1oat a. scarce as
during my former period this season, and moss
O. lhe lcsding banks had to forward currency To
Now York today to meet their drafts. There Is
no change, however, in the r1tEa, which rem1in
e,e.5. at par hu1lng, and I premium selling. Ono
or two Of tue banks are selling to their custom
ess at Lilo premium.
Guild opened In New York today At 13o1, and
closed at 1875. The following arc the quotations
.a1aoronf,cd tn Jafnes Bowl gold broker: