The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-16
NEW HERALD TUESDAY JULY 1g 1sB7.-TR1PLE SHEET

creased Armnsss Of the market for foreign exchange
but the exposure Of the frauds upon the revenue TO-
gshsr with the apprehensions that the public income
will fall short OF the requirements OF the Treasury
owing to Official Encouragement, impart to It . rising
tendency rather than falling apart from commercial
causes The revenue officers who have been parties to
the frauds referred TO should be speedily dis
missed the service and o criminal prosecution COM
menced against each OF them There is no for
permitting the whiskey frauds to go on, when the
British systcm Of collecting the tax makes escape from
1t impossible In all licensed dseries Each distery
here, there, should be visited daily BY two three
different gaugers acting under inspector the one to
act as check upon the other and ALL by the frequency
OF their visits, 10 make frauds impossible The dislO
res should be open to the gaugers at all hours OF tho
day and night and the process Of dstila on from its
inception to its final completion should DO carefully
watched Hitherto there is good for believing.
the revenue officers and the distllers have boon
cerns together TO defraud the revenue, and there has
been no sufficient chcck upon the former The customs
receipts at the port last week amounted to s. 13e 900.
and the payments Of coin interest to $2,8e3 ,000
At the early session OF the open board railway shares
strong, and Erie sold up to 1873. At tho rst regu
lar board there large business transacted and the
Improvement well sustained New York Central
closed e higher than OF the same time Saturday.
Eric 2H, Reading rs, Michigan Southern "a Ceve-
land and PstsbuTg 2 Rock Island u, Northwestern Il,
do. preferred l, Fort Wayne 4. Toledo Wabash and
western "a, Milwaukee aud st. Paul lsk do. preferred
=, Ohio and Mississippi certificates q, Atlantic Mail l,
Canton a. Cumberland Mariposa preferred 4, West.
Union Telegraph u. Government securities showed
an improving tendency. FWe.twenties Of the issue
of 1865 advanced ~ seTenhry notes Of the FIRST series
M The state stocks unusually active and buoyant
efxa
rs, Tennessee skies, old and new, q The heavies.
ISSUE This class OF securities ia advancing rapidly
for the advance to be fully sustained and prices too
high TO make purchases for Investment desirable.
At the one O'Clock opan board the market continued
frn but free from Excitement. At the second regular
board there pcrceptb!e change in its tone New
YORK Central closed "a higher than the FIRST regular
board Erie %, Michigan Southern &. Rock Island a.
Northwestern 116, do. preferred IL, Fort Wayne u
Milwaukee and 81. Paul preferred X. Ohio and Missis
spp certificates *, Pacific Mail n Cleveland and Pitts
burg x lower Cumberland Coal q, Western Union
Telegraph q. Government securities dull, but
steady. Missouri skies declined IL, North Carolina
Of the issue q. Tennessee SKIES advanced l,
new Issue =.
Subsequently the market lost animation and prices
declined and at six O'Clock i. closed dull at the follow
ing quotations New York Central 1857 =; Erie
1875 81 Reading, 1875 e; Michigan Southern,
sos 81; Cleveland and P.tsburg, 90 es5s Rock Is
land, esq Is: Fort Wayne 1929 I Northwestern,
dS 46h do. preferred, COZ Is; Canton 4s1s 10;
Cumberland, 3e1s Al; Quicksilver, 347s a 35h.
Government securities closed dull but STEADY, at the
following quotations Registered, 1851, 1i0is "a
coupon, 1881. 1909 81; $40 registered 1882, 100
lo9A; $50 coeron, 1862, 111si $40 coupon sOi
ioe4 "a; $50 coupon. 1865, lc9i X; $50 coupon,
1865, January ard July, 1os 1854; $40 coupon,
1857, do. do, 1os 1885,; 1910 registered. lO2
1910 coupon, 1925 ~ August, $780, li77s 11s
june 60, HIS q July, 7-3o, lI7Ss e; July
compounds, 1861. llo's; Auguat do, do. 1lSSs
1923; October do. do, ll7z4 1is%; Dccenbar do
do, ll71S %; May do. 1855. 1863 z August do
do 115H q; September do do I15 1lJii; Oc'o-
Der do do, 114k q.
Tho foreign exchange market Is very firm under
moderate demand for bills and extremely light sup.
ply The ADVANCE In Erie and other stocks hold
abroad has induced the return OF considerable
for SALE against which remittances being made 1t
is expected that there will DO further rather heavy
shipment Of srecie this week, not nconsdcrable por
ton OF which will DO account Of the July interest duo
to foreign holders of nve-twenes and other national
securities. Bankers bills England at sixty DAYS
quoted at 1l0S u; at three days, 1l01S n u;
commercial bills. 1895 ~ bills Paris at sixty days,
513s4 512H; at three DAYS, 5.1lX 510 Other
Continental bills we're rated thus