Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-05-28
FINANCE AND TRADE.
OFFICE OF THE DAILY APPEAL
MEMPHIS. May q, 1870.
FINANCE.

FINANCE.
The quietness which pervades all other
branches OF business has settled down
also upon our money market, and it Of
fered nothing worthy Of note to-day.
The demand and supply OF exchange are
alike light, and rates are irregular as
usual tor some DAYS back. One bank pro-
posed 10 take cotton bills at par, and
check at Z premium, but in all other
cases the rate was about q discount buy
ing. Checking stAs@K premium.
Bonds and Stocks are dull and nominal.
We could learn of nothing further than a
demand for City Bonds at 45946c.
Tennessee money is dun at CSC buying
Selling at zoe to taxpayers.
City and County Scrip are quiet and IN
changed. ". EllIl.s
Dealers buy gold at about lc under
New York rates, and sell at an advance
Of z@Ic.
The decision OF the Commissioner Of
Internal Revenue with reference to the
use of a machine 10 cancel stamps is this:
No person is required to use a machine Of
any kind Tor csnceling stamps used OF
documents, instruments and papers un-
der schedule B. One may use pen and
ink for any and all denominations of
them if he chooses; but if any machine
~. ID, it must be one or those pre-
seiet5 by the Commissioner. He has
also issued a circular TO all supervisors,
directing An examination TO be made
#ha1r gav~araH MfaHwrnHu 20 a.
certain the number Of stamp canceiing
machines brought into use since the hnst
of the present month. Under the recent
orders of the Revenue Bareau on the SUB
iect, they are directed TO give the names
of the patantees on the instruments and
number of each kind in use, and 70 give
an opinion as to which makes the most
perfect and reliable cancellation, and
whether the adoption of additional IN
~struHaents would be advisable and 6Jhe-
fetal to the interest of the service; also,
whether it would be advisable to discon-
time the use of any now authorized in
use.
The new counterfeit $1,000 second series
go bonds are well calculated to deceive.
The following description Of the genuine
snd the counterfeit may be useful 10 our
readers:
1. The red seal in the counterfeit is
larger han in the genuine, As viii be seen
by measurement, folding n Of the notes
through the seal. b projecting istar)
points upon the edge of seal are blurred
and uneven, in comparison, and the whole
seal is cOarSer than in the genuine.
2. The border OF the counterfeit note
is blurred and indistinct, while in the
genuine the lathe work is clear and regu-
lar.
3. The best test, and one that will en-
able any person familiar with bank notes
70 throw out the cOnnterfeits at sight, is
the border Of the coupon. In the genuine
the star comes out very clearly, but in
the counterfeit it is dark and blurred, and
indistinct. A critical comparison Of all
the lathe work of the counterfeit and
genuine face and back under a magnify
ing glass, viii detect numerous points of
difference, as well as features in the coun-
terfeit that without comparison wOuld en-
able an expert 10 condemn it.
4. In the vignette the arm of the fe-
male figure Just touches the top of the p
in "Pluribus," while in the counterfeit
the sleeve covers all but the lower part OF
the stem OF the p.