The West Virginia journal. [volume] (Charleston, W. Va.) 1864-1877, 1865-02-22
Questions and Answers.

Tn tho correspondence column Of
Nouh's Times and Messenger we find the
following questions and auswcrs:
Ovcstiou-I went to several brokers to
e.nI,in to me the difference between n
no 10 7.3O and $50 bonds. They told
mo they had no time to explain. Now,
I nsk YOU for my benefit, aud that Of q
|rrcat many more people, how many Of
These bonds pay interest in gold, and
how many in paper ? / wanted to buy
a,1o. 40 bond $500 and they wanted to
charge s54. So, when the 1910 stood at
lOOi. What kind Of a bond is u $50
note, payable three years after date, on
the top Of which it says interest ono cent
day? l want to know how the 7.3O,
go, and 1910 bonds are issucd-the
smal sum What ure one year certif.
Gates?
I4nsper-A 1910 bond and a $40
bond is bond rcdeemablc by the gov.
erumcut respectfully at any time between
10 aud 10 years aud between .. and 20
years, A 7.3U boud is one which draws
interest ut the rate Of seven and three.
,cn,ls per cent per annum. The 7.3O
bonds draw interest in currency (papcr
money! but are convertible at maturity
iuto bonds Of 1881, which draw interest in
cold. probably when you wanted to
Luy it there we're over four dollars ac.
crued interest due On it, If SO, it would
account for the extra price. You must
know, that the $50 and the slO0 bonds
draw interest annually only, while bonds
for larger amounts draw interest semi.
annually. When u bond for $50 is
sold, therefore, it may be sold with con.
siderable interest due on it. The Sc
cur,y you aIludc to $50 notc) is gov.
crnment ono, drawing seven and three.
ten,hs per ceut in interest, the principal
aud interest being payable together three
wears from the date Of the note. The
77.3U, 3 20 and 1910 bonds are issued by
the Treasury Department in obedience to
an act of Congress. and may be had in
amounts as lew us fifty dollars cach.-
Certificates of Indebtedness nrc issued
by the government, payable at the end
Of year. with G per cent interest.
UucStion-What is meant by foreign
exchange is quiet at lO9S@ l09S for
bankcrs, sterling at sixty days, and llOt
@ll0S at three days.
Insmcr-It means that it is not dill
cult to obtain the necessary documents
to enable you to draw the value Of one
hundred dollars, iu gold, IN Lo"1on,
sixty days after you arrive there, if you
pay to the bankers there the sum OF
$lO9.3S or between that sum and Sl09,
G3 in sold-thc "par Of exchange, or,
in other words, the difference between
the value of our gold aud British gold
being, in the best times, about niue per
cent in favor Of the latter. II you want
your Sl0O in gold in three days after
you arrive in London, you must pay Il
little more here in New York, say $ll0
and from 25 to G3 cents.
Question - What is meant BY the
money market being easy at per cent
on call ?.
Answcr-That means that money to
loan is at I per cent interest, if ready to
be returned whenever demanded.
Question - want to buy $4,000
worth in gold. What is tho mod"s
opvumd, and what is meant BY omar
gin?" How is this buying and selling
Of gold doac, in your own person or
through broker p .... ... w
Answcr--lf you wish to buy $4,000
in gold and put up margin, you 90
to q broker and hand him twenty per
cent (S2 2,O00) in paper, or ten per cent
Isl ,OOW in gold, on the amount. The
money you pay him is your margin"
and you become the nominal. purchaser
Of the SO 900. IF gold rises you sell
and make all you can on the advance.
If it falls, you lose, bat cannot lose
more than your ." Margin" as your
broker will be sure to sell out your gold
iu time to cover the "margin."
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