Richmond Whig. [volume] (Richmond, Va.) 1862-1865, 1862-07-17
IRON LIycoLypoN.

The following extracts from late Northern papers vii
be found interesting:
GOLD AND FoRIIsK I1cBAsGI DECLINE IN STOCKS.
The money article of the New Yo.k Herald, for the
lo,b inst, Gays:
TIE excitement in the gold and exchange maik's COZ
tnues urAbated Gold opened this morning at III :,
fell to lie lis Ia u.s. and hen began to rally b
tween boards TO ll6 81 the second board
IL sold ct lie and closed at that bid Bills on Loncon
opened at l29 2 thea sold at 1923 LIS 2 l2S,
and in the afternoon l28 The advance IL gold and
bills has led to remarkable activity IN merchsndse.-
People shipping 70 Europe everything which can be
bought Articles which lave been ssguant for months
-luch copper and other articles which are seldom
eIpored-Are being shipped in large Quantities. Every
who owes anything 70 Europe sending produce to
pay the debt Others shipping on speculation, rely
pg the premium on their tXonange Tor their pr0ht
Tn uyh receiving cotton from the South, our
export movement will pr baby be unprecedented IN
magnitude 20 long as exchange continues a. us present
figure.
On the other hand the advance in bills will nearly
initiate our import trade. Goods ordered sixty days
ago. and paid for at the time, must sell tor IL per
cent more than they were worth uhen they were or
dsred in order reimburse the importer Goods srnt
here on commission BY European manufacturers will net
q Very heavy loss. Toe premium on gold IL, III fact,
Just 90 much additional customs suty levied on foreign
soods; and, the dutieB nearly p:ohibtory b,
lore this will render them al s)utey Fortunately,
with the exception of tea, coffee, bdes, drugs, aud ole
or two other srces thing consumed ners can also
be produced 10 the countr'; ARd on the other hanc,
he supply Of food aud other producs which can be sent
abroad IN case If necessity, aud sold on American Sc
count, ia almost unlimited Breads.uf1, though they
aaye advanced considerably within tsw days. are still
10 to 20 per cent lover than they we're year ago
People WHO are airsd OF the depreciation Of the cur
reucy cannot do bettr than send grain -four Eng
And, returns to DO made In gold.
Money continues LARRY active At per cent. Many
capitalists are trusal OF the future aud decline TO
part with their funds Certificates CT Indebtedness are
sorth 80 IA a / g;een backs u 8.
Il is common Remark that SOCKS are Advancing, and
have been advancing OF late Tus Is error. Socks
have all fallen heavily within the past thirty days. as tue
GLOWING table shows:
June ls-GolG 1861. July l0-God lie
Val In Oy. Rea Va. Val III O'y. Real. val. Dec
Q. s. 6'srtg 1884 "a l02 SO ii P. c.
N. Y. Gen. 954 50 s2i 10 IL p. c.
Erie SO 85f SO 80 81 P. c.
The subTrea.ury Of this city received today a spe
cia deposit Of S23S 0OO which h not likely 20 be CLAIM
ed In q bury. Il seems that when New Orleans fell 1t
was discovered thas the rebel Government had sum OF
neArly quarter OF million to its credit in the banks
OF that ciIy. Tns sum Gen. Butler claimed Oh behalf
of the United States and by little gentle pressure suc
ceeded in persu4dng the banks TO Draw for IL on their
banks in this city. The drafts were paid
this morning. The deposit made, We believe, in tie
name Of the 80 called Confederate Government"