The New York herald., 1870-06-16
rag CRY BANK SHARES.


The following were the bids 10 day for clty bank
shares:-New York. lsa Manhattan, iso; yercla nls'
1875; Mechanics, $50; Union. l25; America is3;
Phenlx, no. 1radesmen's. l5s; Mechanics aud
Traders 125; National, III; seventh Ward, los;
State OF New YORK. 100; Commerce I2T; Mechanics
Banking Association. 12s; Ocean, IS; Mercantile i23
American Exchange, li2A; Chatham. i7o; Bank OF
North America io7; Hanover, iosI; Iryng, rs (;
Metropolitan, li2; East River. 1ls; Nassau. ios;
Shoe and Leather, los; Corn Exchange, l2s: ST.
Nicholas 1ls; Importers aud Traiers'. l5s; Park,
100; Manufacturers and Merchants. i03; Central
National, III; Fourth National. lo9k; Nlnih
National, lis; Tenth National, l2j; O1enia;, l5l I;
Gold Exchange, 90; Bankers ana Brokers Assoaia.
ton, 104.
SOUTHERN SECURITIES DULL
The Southern list was dull, except for the new
Tennessees, which were active and irregular closing
strong. The following were the final street prIces:-
Tennessee, ex coupon, So a 63h; do, new, 62H n
624; do, five per cent, As a 90; Virginia. ex cou
pon 6S 691s; do, new, CT q 6s do, registered
stock, 81 641f do, registered, 1860, "a 90; do.
registered, 1867 go a 81; Georgia. six per cent, IS
90; do, seven per cent s5 90; do.
do, interest payable In Georgia, 92 q 81;
North Carolina, ex coupon, 4s q 4sH; do. new, rs a
25,4 Missouri sixes 94 9f4; 90. Hannibal and st.
Joseph 94 94N; Louisiana skies, 70 a ~; do.
sevens. 7s so; eights, "a SO; leyee skies, 75I
70; do. do. eights, 93 93H; Alabama eights,
1o1 102; do fves, "a 70; South Carolina skies e2
90; 40. new, SO s24; do. registered stock 50 a s5;
Arkansas sevens, rs q 76 City OF Memphis SKIES,
81 55; do. Savannah seyens so a 01; 90. New Or
leans consos, 76 II, do DO. issued to railroads.
70 75 Mobile and Ohio sterling SO 81; do. eigts
70 II; Mississippi Central Railroad first mortgage
76 a IS; do. second do, SO q G5; Memphis and
Charleston first, IS 81; do. second, y 80; do,
stock, 10 a IL; Greenvie aad Columbia, Il a Is;
Macon and Brunswick, 81 a S5.
THE TAX on CHECKS.
The following important Instructions have been
issued by the Commissioner OF Internal Revenue
in regard to the tax on cashiers and memorandum
checklist
1t was ruled by my predecessor in this ofce, June
~ isS,' tnat check drawn ny an IN individual upon
ollcal capacity and IN the discharge Of his official
duties, is IN It's legal effect written or printed EVIL
dence ofa amount OF money to be paid upon demand
or at time designated, and should be stamped at the
rate OF q prOmiss0ry noie-fve cents for each 500
p. 1885, series 5, No. TO- p. i5 and you have hereto
fore been directed not to imprint two cent stamp
npOn instruments OF this character.
You Instructed hereafter TO treat such
checks, except when designed to be used for
circulation, like checks drawn by one party upon
another, except when designed to be so used; a
two cent stamp only Is to be required upon each
one when drawn for any sum whatsoever at sight
or on demand upon bank, banker or
trust company. A like stamp is to be required upon
each for sum exceeding $l0 when drawn at sight
or on demand, upon any other person or persons,
companies corpora ions than those above named.
When such checks, drafts, &C., arc drawn otherwise
than at sight OH demand they are liable to tax at
the same rate as proniss0ry notes, five cents Tor
each 500 or fractional part thereof mas
much the amount OF tax varies upon time
drafts, stamps be imprinted upon them, but
the tax must DC paid by adhesive stamps.n
THE EXPORTS OF THE WEEK.
! The following shows the exports exclusive OF
specte) from New York to foreign ports for The week
ending June IA, and since the beginning OF the
year,
1888. 1869. 1870.
For the week.. $2,3595 SCI $4,353.4S2 $3S27,45S
Prev. reported. 75,O4i,soo 75,1Sl,940 1928 10l