The New York herald., 1866-07-23

II s these substantial traffic returns which give
strength to the railway share MARKET and spcculaors
BY operating for rise merely anticipating legit
mate advance in prices, based upon improved values
Tho majority of railway directors are Of course, corrupt
enough to employ to exaggerate this improve.
by paying unduly large dividends conceal it
by Withholding reducing dividends, in order TO pro-
mote their speculative purposes but the facts
90 plain that he who may read, and every
draw his own inferences.
Government securities were very buoyant early in
lhe week and coupon vetwenties Of old issue
| under q demand for shipment 10 107x, but subse-
sueny the receipt Of lower quotations for them from
Europe resulted in decline 10 1864, from which they
107 Saturday morning. Later In the day
the Of their advance in London the 18th inst
% e7H n, against 6sk 81 by tho Africa, further
strengthened the market The rest Of the government
list closed steady
Tho European news by the City of Paris caused
gold advance Saturday afternoon 1904 notwitn
standing the improved quotation for vetwentes the
German bankers and the gold SPECTATORS generally,
ing disposed TO operate for rise In gold In the event
sf a continuation of the In doing, they look
only to the immediate effects OF the struggle
They that Ia likely stimulate the foreign
demand for breadstuns for a considerable
bcr Of months to come, partly because the
stock abroad s at present large, while
bayo go with a prospect Of Its indefinite continu
before IL will impart a stimulus 10 export trade
and meanwhile foreign creditors win be exacng Of
prohpt rcmi,tances, and our entire Indebtedness TO
continental Europe, at least will be gradually reduced TO
~ very low point The effect will be to keep gold and
exchange firm, and all who have dealings with the
Old World TO be their guard against contingencies
which have former occasions pointed out and the
possible Of which will continue TO give
undertone Of strength to the market for both.
The range Of gold during the week from 14I< to
1919, and the closing price 1903 Loans were made on
saturday at 1872 per cent In favor OF the lender
OF tho coin the majority OF transactions being the
lower rate The demand for duties aggregated
g. 4s0, 234
Bankers' bills England at sixty days were dull OF
sale at 100 at the close.
The need In which the country stands OF a National
Iureau OF Statistics is obvious oil familiar with the
fnaccuraccs Of the agricultural reports and the Of
she Treasury Department in compiling the annual
returns OF import and export trade The estimates
400 OF Successive Secretaries OF the Treasury
jng the public and expenditure have proved so
different TO the actual results as TO show their cs,
mates we're mere guess and that they had
Stable data to govern them in their preparation. The
statistics OF a nation useful and great extent
necessary its statesmen maps TO the generals Of
an army the nclj charts 10 navy. We require
reliable statistics relating 10 finances commerce. In.
aernal industry and social life guide the govern.
Ineni and Improvement legislation and for the gen.
era information Of the people. Tho labors OF such
bureau II well conducted would tend TO equaize taxa
ton cconomlzs public securities direct enterprise and
give us definite knowledge OF the OF tho
country than We have hitherto possessed.
The past week witnessed the introduction cf two new
nscal measures In Congress, OF which, tariff bin
was reported By Mr. Morrill, In tho House. and tho other
"a bl for the payment OF the public debt by Mr. Shcr
man In the senate The Tariff bill In question affords
fair specimen Of the trickery TO which tho determined
advocates OF bad cause will sometimes resort In order
90 achieve their object The former bill failed because
H proposed to increase the rates of dGty
ON a large number OF commodities already too
heavily taxed Tho proposed increase was In that hon
nstly and explicitly stated, bat Ia the present ball. which
h nomnay put forward 10 increase the duties on about
three articles, including cigars, clause s inserted
which, IL adopted would have Tho effect OF materially
Increasing the duty every commodity specified 10 he
cd yaorem list Of the existing iarin This clause pro-
yids that n determining the dutable value Of imported
merchandise there shall be added 70 the cost or
Abe actual wholesale price, at the time and place
Of exportation the Of transportation, shipment
and trans shipment with all tho expenses included
from he place Of growth, production or manufacture.
90 the vessel in which shipment rs made 70 tho United
eaies the value Of the sack box or covering OF any
Bind IN which such goods contained commission At
Che rates. but In no less than az per cent
brokerage; export duty, and all other seiuai or usual
cAfres for putting uR grepaps and packing ier Trans