Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-12-06
Financial.

We extract the following from the imam
cial article Of the Mercantile Gazette and
Shipping List Of Dec. ID.
Fluctuations IN GoLD--PRosPBCTs, ETC.
We are often inquired Of as to the cause
| of the late extreme fluctuations in Gold at
the East, and the generally unsettled cha
racter of that market. 1t is difficult to speak
with any great degree Of de6niteness or assu-
rance on this subject, but in the opinion OF
iudicious and observing men on the other
side, these changes are due chiefly to the
operations Of spectators, and the extreme
6ckleness Of public feeling. The minds Of
men are so wrought up by continued excite
ment and expectation that success or re-
verse to our arms Immediately tells with
great effect upon the market. "a decided
success appears to the hopeful tempera-
ment," to quoting from recent letter, like
the the end Of this great war Greenbacks are
looked upon with favor, and Gold as mere
dress-notions which a few days serve to
dispel. The fact is, while the war continues
the general tendency of Gold must be up
ward. 1t is becoming more valuable every
day in its relations to currency, and any i'm
portant decline under existing circumstances
can only be temporary. 1t is not in the ma
ture of things that it should fall permanently
unsettled. There is no substratum on which
any man can safely build. Our financial
basis is no bsse at at all. Everybody has his
own theory, which is little better than q
mere notion-but is acted upon moreior less,
just as the within takes him, fuctuatlng with
the event Of the hour"
"There is no doubt that Gold last summer
would have touched much higher figure had
it not been for the many millions Of our Ma
tional Bonds sent to Europe. The balance
Of trade was frightfully against us, but this,
and the re-export Of merchandise held Gold
in check. 1t is quite certain that no more Of
our Bonds can go abroad at present, owing
to the disturbed condition OF fiscal matters in
Europe, and we have but little Of our own
produce to export. At the same time our
supplies OF Foreign Staples are by no means
heavy, and the abundance Of paper money
will doubtless induce the continued free con-
sumption of goods. With very moderate
imports we must expect our foreign balances
to be paid in metal"
HOME FINANCES.
The very welcome rains Of the past week
served to restrict transactions somewhat in
Financial and Commercial circles, and the
Money Market presents no feature worthy Of
special comment. There is fair legitimate
demand, with a good class Of securities offer
ing at former rates, Ii and 2 per cent month.
Lenders, perhaps, are little more discrimi-
mating as the close Of the year approaches,
but upon the whole Capital is readily Access
sible and we can perceive no Stringency.
The Branch Mint in this city will be clos
ed for annual settlement on the 9th inst.
Deposits of refined Bullion for coinage will,
however, be received until the 18th inst.
Receipts Of Treasure from the interior and
north coast since our rapport Of the 2lst in-
slant amounted to 81, f50, 900, of which sum
the Branch Mint in this city has taken $500,
900 during the same period.
The supply of Bullion is thought to be am
pie and will doubtless be augmented by arrl-
walls tonight and tomorrow. Gold Bars
seem to be plentiful at $S2O@S3O, but the
market has not yet fairly opened. Silver is
in some demand at ! per cent. premium to 8
per cent. discount for round lots, while par
GELS of high grade are worth l@2 per cent.
premium.
Currency Bills on the Atlantic are quota6le
at ITO per cent. premium on Gold. Tele-
| graphic Transfers are still offered at 4G45
per cent premium, and Sight Drafts payable
in coin, at 21@3 per cent. premium. Ster-
ling, for Bankers, may be quoted at 4St@
49d. Francs are worth 81.
Mexican Dollars are lower and nominally
| quoted at about ITO, owing it is said to de-
Ginning market in London.
Legal Tender Notes have been in fair de-.
mand during the week, at 4S3949, and close
| az a2L01Q