New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-02-09

500. ....ll3 Mich. Central. l00....... 81
400.....-..ll22' 2OO........lll3l
"WEDNESDAY. Feb. s-P. n.
Gold opened al 2lll, and sold down 10 2l0l.
From this point it rallied 70 2l3i, under reports OF
repulse to Gen. Grants army, and finally closed al
oil, the extremes of the day being 2ll d2l3s. The
Cuba, for Liverpool, took out about $25c,ooO. The
market is dull, with few spectators for an ad-
vance The most greedy buyers are merchants
Who upon selling line of goods rush oil TO buy
gold to pay for exchange, and who give the market
an appearance of firmness which has less substan-
tial basis than is generally believed.
Exchanges exceedingly dull, and prime names are
offered in vain at 1881 in god These bills cannot
be discounted in London with the certainty attend
ins the names of Brown Brothers & Co., and few
other leading houses but they affect the sale of the
bills which are had upon the streets cheaper than at
the bankers counters. Speculation in exchange has
ceased and few contracts are made for future de-
livery.
Government stocks are all in active demand at
full and slowly improving rates. For the lO-iOs,
lO2{ q 1921 is the price. The new 52Os are held at
1854, and the old at 100. l09i and scarce Ger
ti6cates are in small supply, and 9st is as low as
they can be had. The Department is steadily pay
ing them of, and making few if any new ones
Bank stocks are firm and in good demand. In Tho
early part of the day railway shares were lower and
were pressed for sale quite freely, Eric
dropping to 74I, and Michigan Southern 10
6Sl. After the call prices rallied, and 76i and
69i were paid for Erie and Southern common stock.
At the Second Board the market was finn and
higher prices paid. There is more disposition to
purchase by outsiders for an advance, under the
stimulus of continued gains III earnings, and cheap
money. The advance of the past few days has
brought several bears TO grief and taken good deal
of money ont of the survivors. Cumberland Coal
stock was firm and in demand, and closed at 49l o
49i. Late in the day the market was irregular, and
Michigan Southern sold down TO SO.
Money is abundant at Sal per cent on call, with
6rm collaterals, and at upon anything salablc at
the Stock Board. In commercial paper, little doing.
Best names sell at Sac and second grade at lOa Il
per cent.
NJ. Morrlls proposition TO tax sales as an ex-
pertinent is much approved, and the only regret
expressed is that he did not advocate higher rate,
and urge its passage at once. The recommends
ton
provides that after pri there shall be levied
on oil sales Of produce and merchandise and all other
articles including all personal property out not IN
Gliding bullion or coin securities evidences OF DEBT
nor sales auetion) Oneha Of one per centum where
She amount of sales exceeds ffy dollars IN any one
month; the amount OF sales 10 be returned by tho
yeDder monthly. In the manner and al the time
provided by law for Se returns OF manufacturers;
and all the provisions of the existing Internal Revenue
ct relating nent ard coeC ton and en-
forcement Of the law pertaining 10 manufacturers are
70 be applied to sales of produce and merohandse this
amended section remain IL force for one year during
which no person Who shall be required to pay the tax
enforced by this section shall be required to pny an ID
ditonal license tax or duty whore the rye Is gIaan-
ated under exiting law by the amount Cd sales or re-
ceipis"
This mode of taxation recommends itself alike by
Its simplicity its thoroughness, and its equity. IL
foxes the a5iity 10 CONSUME and this falls upon all
alike. 1t comes home TO every voter, and forces
the humblest citizen to contribute 10 the payment
of the war expenses authorized by the votes of the
taxed. At present, too, many people are ex-
empted, and too many exempt themselves by Il
process little short of perjury. tax upon sales
thoroughly collected would do more to supply the
Treasury than any special war tax levied upon
the few who viii confess to having made large
profits OF 10 possess large incomes.
Freights arc easier. The engagements 10
Liverpool arc IS tuns Tallow at lOs.; 200 tuns Log
wood at 9s. 200 hhds. Tobacco at I2s.; 200 boxes
Bacon at Is Cd. 80 boxes DO. at los, and 100 bbls
Pork at IL. Sd. To London rs ties, Beef at Is. Cd.
To Antwerp, 100 ties. Lard at 22s. Cd. The British
bark Quickstep vas to-day sold for $li 500 and
resold for 1900.
Tho business of the Sub-Treasuy was: Re-
eeipts, o. 497 ,975 6O for Customs, $S5,OOO; Pay
ments, 81 ISS7lI 20; on account Of Loan, $il ,000
Balance, IS, 1859 O6.
Dry Goods are dull and buyers ask concessions,
which sellers make with great reluctance. At the
public sales to-day 34nch black Italian cloths sold
heavily at 4sa5sc.; 32-inch buzz Italians,
s5c. red padding, &c.; 2s-inch all silk
black satin de chine, 47sc; blue mule cloth.
81 62l; ca fancy cassmeres, s. O50s3 Is,
De. Many lots were passed, and in many
instances those that were disposed Of were sold
oonditionally. Wilmerdings a. Mount had very
successful gale Of linen Goods. The attendance