The Sun.
London, England, 1853-10-07 00:00:00

THE NEW STAMP ACT.

city uonsiderable disappointment was occasioned in the
tl;revbYinagn article in a recent number of the Economist
a doubt on the sufficiency of checks stampedofa
under Abe new act as receipts, without the
second receipt stamp ; and this has not been alutosgeeathuerr.
removed by an explanation in the same paper on S t
leday lst. Upon investigation the Economist will doubt-
ss correct any misapprehension that may inadvertently
into Lave been occasioned, but meanwhile, as the act comes
be operation on Tuesday next, the 11th inst., it may
oe useful to state precisely how the matter stands :
A receipt fora debt requires/stamp of ld.
A draught payable to order on demand requires a
stamp for 1... d., and on the back of this draught the payee
stay give a valid discharge, either by a simple indorse-
m nt ~ L
e--, yr by prefacing his signature by " Received the
within."
Nay?,person pays a tradesman by a draught pay-
able to order, this requires a penny stamp. If he then
takes a receipt, this must also be on a penny p.
stam Put it is dear that both these documents (each being
a legal e
a:
u4Sellaige) are not required, and will not practi-
Ztlie'l b 'used. If the debtor take a receipt duly stamped,
Ewes not want another stamped document, and may
Pay bY a check to "bearer," which requires no stamp.
Or, if
he prefers to ay by a check to order, as the
creditor must endorsepit, and thus acknowledge the
receipt of the sum mentioned in the check, the debtor 1
does not require a further receipt.
the
endorsement, though not in terms a receipt for
a e tradesmas bill, is expressly a receipt for the
mount named in the draught ; therefore, the case will
stand thus :
The debtor has in his possession his tradesman's bill,
Say for 251. 10s. ; he draws a draught payable to the
tradesman's order for 251. 10s, and will have in his
711 Possession this draught duly receipted by the
tradesman, acknowledging, therefore that he has
received the 25e, 108 ; and this is as perfecta
'receipt
for the bill as if it were on a separate penny etaraP.—
2 OW.

MARKET NEWS-(THIS DAY.)

CORN EXCHANGE.

There was a slight increase in the quantity of English
wheat on offer in to-day's market. Nevertheless, owing
to the warlike news from the East, and the moderate
nature of the arrivals from abroad, the demand ruled
steady, and fine parcels were, in most transactions, fully
is per quarter higher than on Monday last. The imports of
foreign wheat have been rather over 8,000 quarters. A
full average business was transacted in most kinds, at is
per quarter more money.
Barley and malt were firm, and quoted as dear as last
week.

Oats were in short supply, and good request, at a rise of
fully 6d per quarter.
Beans and peas were firm, at extreme currencies.
The flour trade was steady, and the finest American
parcels were worth 40s por barrel.

English ..
Irish ....
Foreign ..

ARRIVALS THIS WIIIIR.
f Wheat . Barley. 1 Malt.
3,930 2,410 1
1 2,030
8,140 2,970 1 --

Oats. Flour.
120 2,580
500
1,900 8,060br

SMITHFIELD.

The supply of beasts in to-day's market was seasonably.
extensive. Although the attendance of buyers was com-
paratively limited, the beef trade ruled steady, and Mon-
day's prices were well supported. The numbers of sheep,
were on the increase ; nevertheless, the sale for that des-
cription of stock was in a sluggish state, on barely former
terms. Calves, the supply of which was moderate, moved
off slowly, at the late advance. Pigs were quite as dear
as last week.

Mulch cows were steady, at from 141. 5s to 181. 10s. each,
including their small calf.

Per Slbs to sink the ofals.

s. d. s. d.'
Inferior Beasts.... 3 0 to 3 4
Second quality.... 3 6 3 8
Prime large oxen 3 10 4 2
Prime Scots, &c. 4 4 4 C
Inferior Sheep ...3 2 3 6
Second quality ...3 8 4 0
Prime crse.-wlled.4 2 4 61

s. (1. s. d.
Prime Southdown 410 5 2
Large crse. calves 4 2 410
Prime small d 0... 5 0 5 4
Large hogs 3 8 4 4
Small porkers 4 0 5 0
Suckliugcalves ..22 0 28 0
!Quarter old pigs 21 0 27 0