New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-10-31
LOCAL MISCELLAN I.
.no,,r , NEW STOCK EXCHANGE.

Manv member. of the Stock Exchange have re- E.
ceived recently an anonymous Is about TO
stated that und aew the direction gentlemen Of
,.oH Snown position and the highest capacuy.
Is announced further that largo piece OF piopgaS
in broadway has been bought, ana tnat lLo r q
If the building to be erected on II PROVIDE ioI
hoard room larger than that OF any o'ner E a5
change The price of the first 900 seats Is NH ,xi
~ "a 200 each for which the subscriber VIII
receive an assgnable bond for so 600, the ianu anu
building TO be pledged as security Tor the psy ~
Of the bond at fixed time. Seats In nuui'iVn. "
the frsf 800 are to be sold at higher price AFTER
reciting the growth of the city as centre o.
merce and the necessity IF new STOCK EAo n ~
change when organized will be of equal 'r THo
with those of the New-York Stock EAohaIRJ;, snc.
volume of business promised indicates oei''
Dnmont Clarke. cashier of the American - Ln-
change National Bank. who is named III tm' nerson
lar as the trustee of the Teal est aid Yesterday
TO whom subscriptions may be sent saiu 49, lie
thai he could say nothing about the matt, ,
was the custodian simply OF any money thao hsni'
t pa'u n the persons intrused IN the
project he said that they dld not Wisn said tha
made public at present. President zoe sd,u ' one
he mad NOT even seen the circular, ana Wheh ono
was shown blm he expressed annoyance at the char-
acter of it. lie said that the bank had re be
receive subscriptions that might DC 9ncIe Uc a.
extent of 81, 100000 Beyond thlS nc ue0l"''" '
he knew nothing about the matter 4,oo
Among the members OF tie Stock EXchahse !. Vas Ni
the general belief that the PT 5cT W To build an Ex
rIonSn On The ste of the Old Washington Hotel at
the foot of Broadway, which ha1 peeh poueh h; f.
short time before by Cyrus W. fielu. low Gonld.
persons then interested i'll the p an Were Jay Hou
RnsseU Sage aud Mr.. Field, who were dISpicdiStsu
with the action of the Stock Exchange IN Sa
the stocks of the elevated railroads. MI leIu eal
yesterday that he had 10 kuoWleueI ol 'N0 P'0'00'
until he had received one OF the circulars
THE BUYER OF THE PosT-oFFICE SITE
The name of the real purchaser of the oid Post
T. xUbI
20 80 Hoen made public The deed of the proper
~ was passed yesterday 10 the Mutual Lie IhsuI-
ance Company of New-York ana al t me P hIdiHe
- veSted i'm the company. There were only TWO
comnetors at the sale OF the property brokers VINO
represented Kuhn Loeb n CO, the banker anu
tbc Mutual Life Company. The price pau was
S650OOO or about So 30 per square Ioot ms ns
nrrce Was thought very cheap by real-estate men as
H. nronerty was considered to be very ValuaoIe;
Tho reason assigned for having kept the identity or
tha concealed said to be that certain ar
IanGements to be made with the present tenants OF
third persons acting Tor the company than by the
company Itself. .l H.. 4ho Nutrol 7 ife
Insnranee Company at Broadway and LlDerty-st:,
1ros t;nisheJ IN 1866 Frederick ,. Nlnslon prcs-
dent of the company said yesterday ; Inc pice
paid Tor the site we now occupy was soiiletnims
hinder $500, 900 At that time our business was
only one-thlrd what II is now. It's CROWN mas conf
pelied us to seek better quarters we purpose %
erect a plain, substantial building avoiding
ornament 1t will probably be seven or elght
stone shonl6 say that We ourselves will occupy
az least two floors in the building: The remaining
rooms will be let out for Offices No plans nave yet
been definitely decided upon nor has any estimate
boi y,adn az TO the probable cost OF the building
We shall begin the work of demoiishng the build
mo ON the Old Post Office site and digging out the
eafth Tor the foundations III the early part Oh next
month We hope to have our new building ready
Tor occupancy. year from neXt May
We shall sell our present DmIdlDg OF
keep il for renting purposes, as 1t seems BEST 10 US
ItIs we'll situated and the property VIII be vaua-
HE one TO hold. The Chamber of Commerce has
moi applied tor any room IN our proposed new oulu
ant, We have already received many applications
for rooms