The Sun.
London, England, 1861-06-26 00:00:00

TEE PRICE OF GOLD.

The quotation of gold at Paris is aboutl3 per mille prem.,
and the short exchange on London is 25.35 per £1 sterling.
On comparing these rates with the English Mint price of £3
17s. 100. per ounce for standard gold, it appears that gold is
4-10ths per cent. dearer in London than in Paris.
By advices from Hamburg the price of gold is 4276 per mark,
and the short exchange on London is 13.7 k per £1 sterling.
Standard gold at the English Mint price is, therefore, about
6-10ths per cent. dearer in London than in Hamburg.
The course of exchange at New York on London for bills at
60 days' sight is 105} to 106 per cent., which, when compared
with the Mint par between the two countries, shows that the
exchange is against England, But, after making allowance
for loss of interest and charges of transport, the present
rate leaves little, if any, profit on sending gold to the United
States.

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