Daily Richmond Whig. [volume] (Richmond, Va.) 1865-1869, 1865-06-17
AND COMMERCIAL
n ootn, 20

= ~ GOLD AND STOCKS.
Gold sold at the first session Of the Stock Board, Bal
tmore Thursday, at IA l2@l4 some SIS 900 chang
ing hands. On the last call "a was bid, regular
way--a further advance Of "a, Five-twenties de-
elined 900 selling lO3; 5000 North Carolina
Gs sold at 70. In New York. Thursday, at First Board
the gold rate was a-4; Virginia es, co. N. Carolina
Cs, ~.
+Tl. EXPORTS AND IMPORTS. tfif'
The exports from New York begin to show a slight
increase natural result Of the decline in the gold
value Of articles Of produce The following shows the
exports exclusive OF speeIe from New YORK to foreign
ports for the week ending June - and the begin
ming Of the year:
E F.: ;H: s;s reported. ;.as #;s s''
Since January, SIS DOL, sss s77,;Ocss0 sa,457Oca
The imports and exports at New York from July 10
date, have been as follows
Exports Exports s spses. assss as Ss
THE FUTURE OF GOLD.
The shipments of produce to Europe now only
about half what they In January, when prices
ranged considerably higher than at the present time
aud this discrepancy considering the fact that the de-
mand for army supplies has been Withdrawn, is not
easily accounted for The late downward tendency In
prices, however, will naturally stimulate the foreign
demand, and just In proportion eKpvrs incroas
ed, the drain Of gold toward Europe will diminish,
and the premium will necessarily decline. Aside from
the products with shch foreign merchandise has here
tofore been paid for the Southern cotton wih be
in the market and the shipments Of that staple will
soon place Europe in the position Of debtor 10 this
country This will cause the tide Of gold to dow back
again. and We may then expecta material decline In lis
quotations, accompanied by an increased downward
movement In the prices Of all articles Of consumption.
The New York Commercial Adpetsr publishes a com.
parson Of the prices Of eleven prominent articles o.
merchandise showing that the aggregate prices in COLA
OF the articles enumerated was, the 10th Of May,
$40 S. and the 18th ofJune, 81 co. decline in the
gold value Of these articles at the rate per cent.
within thirty two days. The Advertiser says:
On the nth January the aggregate prices IN g0ld Of
prospect OF early increase ofour exports Of produce:
In January, when the prices Of these articles ranged
able to export freely the exports being nearly double
the present rate; and, with about the rate Of I'M
nodeaep s 10 fnenba aSEer xy
sterling There wonld appear 70 be no change In the
freely We did five months ago, when prices, on
gold basis were five cents the dollar higher than
ton in estimating the future course Of our foreign ,x-
changes and the probable future premium on gold.
pressing demand for gold for export has reached its
climax l. The time is past Tor the return Of s.
bonds from Europe 2 The decline In tile gold value Of
produce will enable to increase foreign ship
| nents; and .. The export Of cotton, in important
/ amounts, cannot be much longer delayed.
NEW PHASE OF THE COTTON TRADE.
The London correspondent Of the n. Y. Commerce. I
/ -iduertiseT says:
The principal point for observation, both In London
and Paris at the present moment consists Ia the large
and steady influx Of gold that is daily taking place
The Revision Of the drain that has for four years been
consequent the displacement Of the cotton trade from
/ America to the East is now actively witnessed.
India, which has taken hundreds Of thousands per
mouth Is now actually transmitting 20 us some OF the
gold which she has ate obtained By the diversion to
her of supplies from Australia that used previously TO
be sent to England The last mail brought 1000,
and is said that at least half million may be expect
ed from the during the next month or two
Egypt is pursuing the same course, and We are weekly
in receipt OF returned sOvereigns from that country
Meanwhile the arrivals from New York are unex-
pectedy large while from Australia they are begin
ming TO reassume their old proportions Under these
circumstances, continuous increase OF ease in the
money market Is looked for and people are beginning
TO count on the probability Of early reduction OF the