, 1865-06-14
FINANCIAL AND COMMERCIAL.
NONE

TUESDAY EVENING. June II. lSto-
"Wh1t Is the natter with gold, that II Is agala
sevantinEF' is question which has been asked
thousand times on our streets during the past
iwo daye. We will answer. Immediately after
gold fell to 13o, we informed the resaess Of the
Tribune that heavy orders had been sent TO
Ensland-eome that we know OF from this city
to purchase United States Flyc.Twenty Bonds at
the ruling quotations there-whlch wcre 1oa113
per cent below the price Of the came bonds in our
own Market The buyers OF aatd bondz, ut the
,tane time that they sent their ordsrs to Europe
purchased the gold In New YGrk and shipped 1t TO
England to pay for thin. In this way they real
lied a handsome profit without much
risk: but at nsst comparatively few
entered into anch an enterprise,
Is Il was naturally expected that within week OF
two, hondt would advance 10 such figure in
Locdon. that there would be little OF no prodt to
be gained. But week atter week pseeed-the fear
OF war between the United States and France, aud
more lately between the United States and Eng-
land, On account Of the Alabama affair, came up,
nnd the epecu1ators OF London became t1mjd, End
freely sold out their Fiye-Twent1es, which pre-
vented the expected advance. A. this progre ssed,
the ofdera from this ade Of the water increased,
and the last steamer that left our shores took ont
still heavier o.de.a than 1t any previous time.
OF eour.e, We need not inform our readers that
had TO be shipped In speete-hence tho active ex-
port demand for Gold, and the heavy shipments
BY every steamer for two or three weeks past.
But IL Gold advances on our side, this purchase
Of bonds IN Europe mutt become 1ess p1onts-
BIZ, and II will accordingly cease. at
present with gold at IT. Ind Sterling exchange at
Iof. F1ve-Tweuties aie worth In New York only
nbout70, and The quotation On the other side BY
the }ast steamer was g7t. 4 difference In favor OF
the United States purchasers IN England Of only
~. This il too suall A.m4rgfn 70 encourage the
speculation further, and unless the bonds decline
IN the other stde-whlch Il not improbable
there will be q cessation, and consequent de.
crtase In the export demsnd for gold.
Simply stated, gold for seyeral weeks past hts
been lower fo New Furk than in London, hence
the export demand here, md hence the advance In
quotations.
P.s.-snce writing the above 1.-ra s7
private dispatch from New York that anothcr
steamer has arrived from Liverpool. quoting FIVE
Twcn,tes at e5iG66c. This gives gpecu-
lstots margin Of 41ilc. This may encourage
The movement sill mort, but ths margin L. cren
yet too email for extensive operations.
To DAT the advance in gold stimulated the p.o-
crce usrkets, md prces ruled higher. Flour
advanced 1G1t5c per bzl; Wheat, sGsc per bu;
Corn, IQ2c per bu, and Oats. sl3e per bu. High.
winea and Provisions were neglected md dull.
1ne1e Ha8 q more hcuTd ueI1aaQ lof noue1 To-
day At the various diseount houses, but It was
freely met by the bankers, and good papcs Wis
readily paasedat10 10 per cent per annuHl. On the
street ratee we're steady at 11l}c per cent per
month.
Eastern Exch1ugo was IN good ireeuest and
steady, under Light supply, at par buying, and
1-11ls prem. selling.
Gola opened In New York at 142. aud clo,ed at
iP. Il. ii 1871. Tho following are the quotations
te!egrsphed to James BOYD y Brothers, gold
m 0khfz