The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-10-04
n o " T. Y n A n Ia Il II.

The upward movement In the stock market still
continues At the first board, to-day, Brie Bonds,
new, advanced y per cent; Canton Company, y; Erie
Railroad, q; Morris Canal, =. Reading Railroad de-
olined - per cent. At the second board, Brs Bonds
second mortgage, went up ;. per cont, and Canton
Company Morris Canal vas the most active stock
on the list. The advance in Canton Company, within
the past few days, has been very rapid, and larger
portion Of the operations have been for essh than in
any other fancy the list. Erie Bon is all classes
are In demand, at improving prices. The second
mortgage bonds have taken q stand, within day or
two and there were salcs at par. Holders generally
not disposed to sell at rates Illinois In
tsrnsl Improvement Bonds have advanced ten per
cent within the past two three weeks, and there
we're sales to-day at prices above any realized within
the psft ten years. The market closed hrm at the
advance day, and the prospset is certainly eacour
AGING for holders Of stocks generally.
The receipts at the once Of the Assistant Urea surer
Of ths port to. day, amounted to s9Ooso; payments
sso,I4s 81; balance, &5,e6s 900 So
The money market has been, for several days past
steadily easing up. With active demand for capt.
tai there has been much greater supply, and the ef
feet yisblo In the reesding rates FIRST class bust
ness paper IL scarce, and the banks eagerly all
offered for discount. Loans on call, United States
eiIes collateral security CO, be aasly effected at
5a5k per cent. Business paper ranges from psr
cent to 10 II per cent. according to quality and
lersth.
The Tressury notes outstanding on the LIST inst.
amounted to s2s6 ST. Of which si3g 4s9 81 we're OF
issues prior to ed July, 1885, $4,000 Of the ssu. Of
ed July lsie, and slOo7oo Of the Issue Of January
2stb. Is4T.
Wall street has been In state Of Considerable sx.
oitemsnt during the past three days In esn.e
qucnee Of the adjournment Of Congress without per-
fsetng the Bounty Land bill. It Is stated that the
President has signed the b and that the 6rst assign
ment Of warrant under twill be turned TO the At
tornsy General for interpretation This very extra
ordinary affair and shall without doubt have some
curious In the nett Congress, In relation TO this
MEASURE. IL IL stated that the President has ned
tn. Bounty Land bill We should like to know whether
he signed the Senate bill or the Hou.e blu In the
bill az IL passed the House the first part Of The fourth
section reads ss follows
Fec 4 And be IL further enacted ke That all sale.
mortgages letters Of attorney other nsrums nts Of
writing going to affect the title claim 20 spy var
rant certificate isued to be issued or any land
granted or to be granted under the provisions o. this
act made or executed prior to the iseue shall Be null
end void, to ell intents and purposss shatDeysr me-
shall such certificate warrant or the land ohtsiped
thereby be in anyviss affected b., or charged With
or subject to. the payment Of any debt or sisu In
the patent.
In the bill asst passed thssen.te the word. o,,h. "a.
tent were inserted after the word issue In IN. s,rtn
q
quently differ materially In the meaning -e do not
see how the President could sign either bill The bill
80 u now stands can more be considered Lag
than the mint bil which only passed The Senate, or
any ether bill that only passed one hour The s,urse
pursusd By the government e. to say the least s.rsax.
and unprecedented The President has tshsn . VERY
great responsibility upon himself and the course he
fss purfued In this matter gill be pretty theroushiy
srerhsulea during the approaching session Of Goa
grsss III the President IL clothed With sutherty to
sign bills which have only passed one houss Of uon-
srs's might well sso.ish o. the representa-
tive branches Of the goverpmsat at once so far az |
this Bounty Land bill is sonesrsed 70 l. not Of 80
much consequence; but the same hish.handei eourss
may be pursued In relation to most vital ques
ton. which will sHeot for good or evil the most
imr crtsrt interests Of the eounry.
Tti Bounty Land bill appears 10 have b,eo sent
into the world but half made up ss in evest
Of the error alluded 90 above not having occurred 20
snnu It's entire action the provisions Ofothsr sections
are Of sueh nature restrict its operation very ma
teiIay II appears by the third section Of tn bill a.
Il psssed the loser house that any issuea to
indi, idusi On, tlei upder The set 10 sue u.
l. Gated BY the varrsDtee er his heirs a. law
See g. Aud be ~ further enacted Re Th,. e..h |
eeionsd and non ssiobsd ofeer m nsiclsg
private for whom provision IL ruads BIZ IN. 0r,
o. ctop hereof shan receive certihoats OF warrs-t
the Department % the interior for The aue,tlt
of land 10 vheh he may b entitled and rsfss EN- A.
lsyahS Nv the 1a'rarf,t kis heirs az Lr AZ
,fice OF tho United Satcs. In one bsSV And A, -
tinty 70 the legal sutSvi.cns Of the public lsuda