New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-07-11

leading houses have more offered at the lower rate
than they can use. In commercial paper no change.
Exchange closed nominally follows: London,
10 DAYS l1O011Ot; sight 110lGll0s; PARIS, long
b1S,0512l short 6.1l!051O; Antwerp, 51Gl@
BIS: Swiss, 516l0515 Hamburg S6i GS63; Amster-
dam, 4lt0n5 Frankfort, AZ; Bremen, 7qa79i Ber-
hn, 72,072l.
Freights are easier. The Engagements to Liverpool
are 900 bbs Rosin or private terms 60 hhds Tobacco
nj 27s Cd and per steamer 5000 bush. Corn at 4i@
I'D. and 1900 boxes Cheese at 3Os To London 800
bbls Rosin on private terms. To Glasgow per
steamer 1900 bush Corn at 3D., and zoo boxes
Cheese at 35s. Two vessels from City Point with To-
baeco one to Genoa and one to LeghOrn, one vessel
70 Bordeaux, and one TO Cadiz, with slaves all on
private terms.
The business at the Sub Treasury today was:
Receipts for Customs, $4,000; Receipts for gold
Notes $I35 600; Total Receipts, $l,l54,90l. Total
PAYMENTS. $3.50, 1GG 20; Balance, $l742l,GO5 u.
Tie Financial Chronicle sends us its fourth bound
volume closing its second year. 1t rs the most
valuable collection of commercial and financial sta
sies published in the United States, and deserves
The success il has achieved.
The Standard Fire Insurance Company have de-
rlared dividend of per cent, free Of tax payable
OH demand
The Niagara Fire sInsnrance Company have de-
Oh the 18th inst.
The Journal Of Commerce wishes an answer to sew
er points in regard to the 7SO notes due August 10
The whole matter is comprised in its question:
Is the offer of a bond dated July reasonable fulfill
uient Of this promisef
To which the answer is yes, withOuti qualification.
No holder Of 7.SOs has formally demanded of the
Treasury bond dated Aug. 15 and the Treasury has
mover had reasonable assurance that any note holder
a., no a0nf and
Tie Journal know that part of the value of the notes
lies in the fact that they are "call" for currency
OF maturity If six per cents should then be at dis
count. and for a gold bearing bond. should the
latter as is the case be at premium. The Govern
ment has faithfully paid the $50 interest as agreed
upon andnO aer of the notes has failed to make moro
than the stipulated interest upon his adventure
Bnt prudent management of the finances required
that the August 1905 should not come home IN a
mass for payment funding, and the Secretary has
pursued discreet policy in offering before maturity
bond # equal if not superior value TO the 1SOs as
an investment and of equal market lvalue with the
1905 A few "sickD absent" Ignorant" and
"inattentive7 may lose a petty sum by failing to
convert but the people at large" have rights in the
matter which the Secretary has only protected 10y
Offering in their behalf gold-bearing stock in adj
vance as he has for months followed now by notice
that those not funded prior TO August - must take
bond six weeks short of 20 years. and after August
Is take the face of their claim. The Journal through
out the Rebellion and up this time has spared no
occasion to impugn the honesty of the Department
and thwart its policy-wit what i'll success IS best
shown by the present quotations for National stocks
Tho history of stocks cornered in Wall-st IS some
what inst1uctive-usualy disastrous TO the cornerer
and to the comered the result to the companies
themselves has often been just the reverse as in the
l.. al ~, aud
To the bonds of the latter Company 100000 has just
been subscribed by the wealthy firms who were sad
died with this fancy last Winter, and they expect by
It's use to develop the iron interest and to make the
stock paw as an investment at its cost TO them.
Lehigh Canal Coal Trade for the week ending July
6, 1867: ,
a7GO1 O5 325.SO3 10