Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1864-04-01

The market price of gold is sufficiently
difficult to determine. and the regulation us
throws an immense responsibility upon
the Assistant Treasurer, in whom it is ex.
ceedingiy fortunate the business public
entertain justly the most unlimited conf
dence. 1t is understood that the current
price before 10 A. NJ. ia to be named as
that at per cent. under which the certifi-
Gates Will issue. The rule canuot be deter
mined, however, until experience shall
have thrown light upon the movement. 1t
1s very evident that on falling market
no one will buy certificates at the price
before 10 o'clock, nor will selling them at
that rate stop the rise in active market
The amount OF certificates that may be so
put out is ofcourse very limited.
The amount of gold in the Treasury to-
day is S26 100000, of which $4,000 900
is available. OF this amount, So 200, 900
will be paid out April l, and Sl5 600, 600
May l. or in four weeks. If in that pc.
riod only certificates are taken for duties
tho amount will be reduced to S4,OOO,OOO
on hand, or about enough to meet the
July interest, to say nothing of siukiug
fund. If, in the four weeks mentioned,
the duties should be aat the rate of last
week, 81 ,000. 900 certificates will have
been issued. In other words, So 200, 900
gold will have been paid tor du,lea, aud
the demand for the month reduced
S1,OOO,O00. This, then, is the whole scope
of tue movement to reduce the price of
gold. When its weight is felt upon the
market the hesitation that has been so
long kept upon the market by rumors of
measures ofmysIerious and unknown hor
ror, will have been removed.
We mentioned a few days since the sin.
gular circumstances that attended the
passage of the supplemental loan bill, in
that the words sin coin" coming after the
words payable "iorty years from date. aud
which were in the original act omit.
ted in the supplemental act that passed
Congress. This was denied in some quar-
ters. We have now an official COPY of the
bill No. 265, as it passed the Rouse Feb.
ruary 30, 1864, and signed Edward Nc
Pherson, clerk. The words "in coin" are
not in this bill. The line No. Ia reads stnot
more than forty years from date, and of
such denominations, &C." Nevertheless
there are some copies purporling to be of.
hcial published in the newspapers, in
which the words sin coin" are inferno
lated.
The subscriptions to the new loan thus
authorized progress fairly under The cir.
cumstances. The whole amount taken
yesterday was $43o, 900.
The sales of the 8 per cent ten forty
stock at par on the present terms realize
about 993 to the government, bnt at that
rate are more favorable for ii than to sell
6 per cent stock at l06, the price of yes.
terday less the accumulated interest. The
stock has seventeen years to run, aud the
gold price yesterday was 63 per cent, at
which price it gives IL per cent interest if
redeemed in gold when due. At the same
price of gold The specie price of the per
cents at 993 is 599, aud the stock being
payable in forty years, gives fraction less
than per cent tor the money. Thus an
inyester will make, by PFioe's tables, q per
cent more by buying the e's, payable in II
years at LOG, than he would by taking the