Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1866-07-23

there is a general complaint in consequence.
Tom Jones, the tailor, wanted to make a
thousand dollars more and repair 70 Sara
toga- Bill Sykes, the retired bartender, had
trusted to his luck and entertained hopes Of
d visit to Newport at the expense Of Wall
street. Jeremy Diddler. the sespegrsee of
the family, bad entertained the project of
recuperating his decidedly fallen fortunes
in a similar manner. Mr.. Spriggs, the am
bilious clerk, on a salary of nothing worth
mentioning, had encouraged the vain hope
of converting himself into a millionaire
sub rosa. Mr.. Nobody, the commission mer-
chant with no definite income or capital,
and indefnate liabilities, had regarded
Wall street as the direct road TO fortune;
but is, for the time being, on the point Of
changing his mind. 1t is right TO say that
a number of vulgar, commonplace indiVid-
uals, willing o sacriGce everything to Man,
-mon, and lick the boots of whoever would
show them how to make a thousand dollars,
have been similarly disappointed, and are
now whistling, fguratively speaking, to
raise the wind. 10
Judge wilkins, of the District Court in
Minnesota, has just decided that National
Bank Stocks cannot be taxed. The pro
ceedinss were brought by the County Treas
urer against certain shareholders in the
National. Bank, to enforce the payment of
tax levied by State authority. As eminent
New York Judges have decided hat Ma
tiOnal Bank Stocks are subject to local tax
alton, the matter looks somewhat "mixed."
The recent decision of Judge Wilson of
tho United States Circuit Court at New
York, in relation to the Taxation Of stocks
sold by bankers and brokers on their own
account, attracts considerable attention, as
it oyer-rules the decision lately made by the
Revenue Department. The Judge holds,
first, that persons doing business under a
bankers license may transact the business
Of both banker and broker under it; that
whom purchases and sales Of stock are made
by a banker for his own account, he is not
liable to pay a tax on such transaction.
Also, that a banker may advance money on
STOCKS and sell them TO reimburse his ad-
vances, without being liable to a brokers'
tax.
The general market continues very quiet,
and business is almost at a standstilL There
is no demand for any commodity beyond
the immediate wants of buyers. The de-
mand for Flour is limited to trade lots, but
though prices have yielded literally in al
most every other important market, during
the past week, scarcely sny change has
been effected here in the better grades. This
is chiefly due to the fact that stocks of
choice Flour are light, and holders have
confidence that the supply will ne pretty
we'll cleaned up before the new crop comes
on. Upon common and medium grades,
however, liberal concessions would doubt
less be made, were there a demand for such
qualities. Wheat is very dull, snda further
decline was made to-day in spring, tue Ear-
Let opening at Sl,aS, and closing heavy at
sI,g5 for car lots red winter is neglected
and nominal. There was nothing doing in
Como or Oats to.day, and are quite nominal
ly at previous figures. In the Provision
line the demand from the trade keeps goeh,
and prices continue without change and
firm. Butter is quiet, but the market is
steady and firm at 3O@32c for good to choice
W. P. yellow. kggs are quiet at 12@15c.
Cheese is steady, but dull. The stock of
Highwipos continues very light, and the
market rules firm at S2,2s. Petroleum was
irmer today, and refiners were asking a
shade better figures, but we cannot learn
that there is any especial improvement in
tho demand.