The New York herald., 1866-07-15
FINANCIAL AND COMMERCIAL.

SATURDAY. July 14-6 p. NJ
We observe that Mr. Morrill, endeavorng to distn-
qish himself as resuectionist and that he yesterday
reported from the WAYS and Means Committee in the
House new tariff bill, embodying most OF the pro-
tectonist features OF the first one. which recently
enioyed the honor OF being killed in the Senate.
We consider ii needless to discuss this posthu-
NOUS measure; and ghosts have no legal exist
encs we advise both houses Of Congress to adjourn
its consideration sine die Should the representatives
OF the people, however be sufficiently corrupt, iad
vsed prejudced TO pass II, call upon the Pres
don't to veto II without hesitation and prevent the
country being sadded with an incubus pregnant with
evil to the best interests Of the country
We are glad to that Mr.. Guthrie, in the Senate is
agatng the question of the Indebtedness of the gene
raj government the States for money expended in
raising subsistng and transporting troops during
the rebellion These claims ought to be
at investigated and acknowledged and If not set
ted Immediately interest should be paid regularly ON
the principal One consequence OF the government not
paying the States their claims is that citizens have to
bear heavier share Of local taxation than If the same
discharged. Congress should appoint special com
mIttee of inquiry report upon this important subject
without further delay.
Tho Stock Exchange continues buoyant and the specu
iative balloon Is soaring higher. The rag-tag and bob
tail OF the street are ccsasies the few remaining
At the O'Clock session OF the open board Eric sold
at 74S %. 81, Northwestern 34ss y, Cleveland and
Pittsburg s4h q, Northwestern preferred 63Ss
81, Fort Wayne Is. 81 osiS Western Union Telegraph
53I. AT the first regular board the market
strong and active. Erie closed Is higher than at
tho haif-past two board yesterday, New
York Central ss, Reading Ia, Michigan Southern
y, Cleveland and Pittsburg x. Rock Island r. North
western 4 Western Union Telegraph 4. Government
securities rather duh Coupon fve.twentes of tho
old issue steady Coupon skies of 1881 declined
4. tcnfortes q Coupon ayc.twentea Of 1865 ad-
vanced =.
AT tho O'Clock open board the market showed in
creased activity and buoyancy. New York Central sold
ot 9eJS Ere 74s, Reading llol lio5 D. 81 Catawssa
70s, Michigan Southern SO X, Cleveland and Pitts
burg s17s s5h, ILLINOIS Central 1221s, Cleveland
and Toledo l10A, Northwestern 3556 Aprcferrcd Ga
=, Rock Island 0eM, Fort Wayne 9s'G II, Quicksilver
6i's Il, Western Union Telegraph 532l.
Afterwards speculative feeling in the ascend
ant, and prices experienced further advance. The
port that the directors Of the Erie Railway Company had
renewed their contract with the Pennsylvania coal
Company, which suspended a few weeks slncc
stimulated an advance in the stock TO 75x,
ana at quarter past five il quoted al
rs The general market closed at the time steady
at the following quotations New York Central 99y& u
100 Reading ITO u, Michigan Southern s2tl s3 Ili-
nos Central 122 Il, Cleveland and Pittsburg s5 IL
Cleveland and Toledo 110is a Rock Island 961s x,
Northwestern 35x A-prefcrred 633S ca, Fort Wayne
ash x, Ohio and Mississippi certificates 271s 2s
Canton So ~ Cumberland 46,< Il, and Quicksilver
5OA a 81.
The supply OF money is abundant on the Stock Elk.
change five per cent with few unimporant excep-
ions six The disbursements of the Treasury
acmp,on of the year certificates upon which inter-
est ceases the 10th instant and in payment Of the
July coupons OF the third series OF notes.
rsnao, but result In increased monetary at this
centre, and this with stimulate speculation both govern
securities and railway shares. The former although
selling prices above the average late below
that OF those current the early part of last year which