The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-08

and prices arc more steady. Thomariet in Read
ing, which is our leading dyidend-payipe fancy
ock, is steady at 6s5
The Oil shares are dull, but thero ls strong
nBdertow, which leads us TO look for rally in
those that have been most hammered down II
the directors will only put the merits Of their
respective properties fairly before the public in
the journals, the really meriterous will advance
in price, and the bogus ones will die natural
death suddenly, with no hope Of resurrection
hereafter.
Government bonds are In demand, bat prices
are rather lower, with sales Of . 2Os at 1893 /;
10 4Os at lCl4 and 6s Of 1881 at lO9i coupons
, OIL new City 65 sold al gS; and Pennsylvania
90 at 933
Railroad shares continue dull but steady, with
sales Of Reading az GSl, an advance of2 Az was
bid for Little Schuylkill; 80 for North Penn
sylvsnia; 81 for Elmird preferred and 81 for
Catawissa preferred.
In City Passenger Railroad shares there is
little or nothing doing. GA was bid for wes
Philadelphia lji for Arch; 2j for Green and
Coates 60 vas asked for Second and Third; aud
As for Tenth and Eleventh.
Bank shares are firmly held, but we hear Of no
sales. A3 WAS bid for Penn Township; 81 for
Girard; 81 for City; and 46 for Consolidation
lS5 was asked for North America; and 70 for
Farmers and Mechanics, old stock.
Canal shares have advanced. Schuylki Navi-
CATION preferred sold at 3ga39l, an advance of
} 33 was bid for Schuylkill Navigation common.
Oil stocks continue dull, aud prices are unset.
tied, sales Of Caldwell AZ s; Mineral at 2l; Nc.
Cntock at 81 Perry at ! Deusmore at 81 and
Oil Creek atS@s1
There is no change 70 notice in the Money Mar
ket. Loans on call are freely offered at 5aG per
cent per annum. Prime paper is scarce and
quoted at 9 per cent.
Gold continues excited, and prices have ad-
yanced about per cent. since last evening, open
ing at239 advanced and sold at 2i2 at IL O'Clock
fell of and sold at 2ilb at l2 rallied and sold at
2i2atl P. NJ, Market steady.
Com DSALEs-TREAsuRY DEPARTMENT, OFFICE
OF INTERNAL REvENTE, WAsiuNGTON, Uecem-
Der 3, lS6i-Sir Your letter of November %,
in relation to the parties who sell gold on specu-
latiOn and claim that they are exempt from tax
upon the ground that they sell on their own
account, has been received.
As understand the case these sales are merely
speculative, the vender is not the owner OF the
gold he offers nor has he il in his possession, and
in fact none is delivered but the transaction is
completed by the payment Of differences.
The proyiso TO section 81 provides for an addi-
ion OF 80 per cent to the regular tax in the case
where any person not licensed as provided shall
sell offer to sell gold &C., not bona fie at the
time his own property, and actually on hand in
addition TO all other penalties, one of which
wOuld he for doing business without a license,
Under this pToviso any person selling gold NOT
bona tde at the time his own property and actu-
ally on hand, is deemed to be doing tue business
of % broker.
If he has license as such, he is liable to the
tax of Une-twentieth Of one per cent.
II he has no license, he is liable to the pe,,hltv
and for the addiioQal fifty per cent. on ne tax,
If such party sells gold which is b. nm fd@ his
own property at the time and actrally on hand,
he is not liable to the tax.
Very respe ,etfully,
A.. n ~ a. COLLINS, equity. Commissioner.
Pine street, New York.
PHILADELPHIA sTJcB EXCHANGE SALES, DEC s.
Reported by Carlson b Co. Brokers, No l2l 4 Third St