Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-10-10
FINAACE AND TRADE
OFFICE OF THE DAILY APPEAL
MEMPHIS. October Q, 1865. !

FINANCE.
There was . fair demsnd for Exchange to.
Day, but not equal TO the or rings, which were
quite liberal. Our banks look farincFeAsed Of
ierings at the beginning or the week. end in
order IN meet the demand heavy shipments o
currency In this direction mRy be anticipated
curing the next Few days. Rates are uniform
at 30 discount buying; selling on all points al
par 10 oatsiders, with some CONCESSIONS among
dealeL
There Is some movement in City Bonds. but
as usual our dealers are not communicative on
the subject II is pretty certain, however. thai
Oeders on Eastern account are on the market
and VIII be nIlei, provided bonds can be found
as anything under SOC. We could learn OF no
transactions, nor OF holders who were willing
10 sell at less than SOC; but as this allowed no
margin there was nothing done. We are again
assured that the January interest Will be paid,
and We can see no reason why holders OF these
bonds should be in haste to dispose OF them.
lfthey do not run up TO Coo by January we are
no prophet. Other stocks Rod bonds are nom
inslly UNCHANGED.
We referred yesterday 70 lot OF City Scrip
thrown upon the market 10y one 81 our banks.
$1,000 Of this was tsken by a perry on private
terms for the use OF tax payers, and The whole
Oft was no doubt taken up to day at about
&c, which is conceded 20 be under the market.
h amount being withdraw, We may look
Tor an advance, as none OF our regular dealers
are willing TO sell at less than 7Ia75e, while for
amAii amounts they ask 264c more.
There is no change 10 report in County War
rants Dealers are AZ variance. or il NAV be
there tssn Ak TO grind, which is at present kept
nom view. One regular dealer professed A
Willingness to buy at COO, and held at 62a65c.
while Others were only asking 5s9eOc for large
sums and were rather anxious 10 sell at the
inside figure.
School and Police Scrip are steady at bay
Ing; selling at S5c.
Gold declines daily. We noe Gales TO " Of
$3.50 81 lS1c, and $50 at 1S7Lc. The New York
market opened At 1850, and closed at l2s<c.
In rspty 10 an inquiry whether a lot Of
smoking tobacco and SNUFF made prior to 1852
some Of which Is branded tax free" and
some manufactured since then, upon which
the lax OF i've 10 fifteen cents per pound has
been paid, viii be agai1 subject 10 tax after the
lt OF January, the Commissions or Internal
Revenue says:
Ths Reventy-eighth section of the act OF Julv
~ 1875 pFeFloes that after the LIST of IauuFry
1907, az smoking, nne-cut chewing TOBACCO
Sho snuu a1au De taken and deemed as having
Desn mshurscJorSo after the passage of saiu
act, and shall not be sold or offered fCT faie nm
less put up N packages and stampe,l as prs-
scrfbe1 by the same, except bv retail deaie-r
etc rms applies equally 10 all smoking and
nne-cut chewing tobacco and SNUFF On haud Al |
tnat oale SnetheF tax paid or not, which shall |
required by lsw An the tobacco and sh1fT in I
guestlon which you do not dispose of prior 10 |
January /, lS9, and all which YOU nav mr. /
chase TAX PAD, but not packed and stamped |
according 70 law, and nave on hand, will Nave !
20 &c Tepacked and stamped AFTER that date-
The stock OF bullion in lie Ies6f1g haze Of
Earope al the ctose OF July, amounted 10 TIE /
enormous sum Of S639.2 6G,O5a.