The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-06-20
FINANCIAL AND COMMERCIAL.


rUnpAr June ls-sRM
Gold opsasd u lslk Mis- morning with . strong
AswAwasd ssaasacy which carried the price % ilek -
Aafpass twelve II thea reacted TO 1917, but soon
sfsr three O'Clock bad rsapssd to 1907. From TINS
point gradually recovered and the closing saosaoa
vas lssx r. Tho narks, throughout the day was
greatly excited cad the transactions we're enosmoua
6ous Of the huip who "unloadsd" yesterday wsrs
among tie moss active Of the beam with
O view 70 buying u in again foe fresh
rise a q low . price possible. The supply q
cola for delivery easier owing 70 this causs. and
loans were sds a per cent per diem In favor ef
she lender tas former being the general aad the latter
che CLOSING ratsa The sudden turn In the market In.
n,c,ed heavy upon the bulls but only one prom-
neai failure reported among their number.
There indications o = heavy shipmsnt Of
specie this week, and the probability Is that
ths drain will b greatly dimnished hsscsfOrvard
In tho II having already broken ous in Cor
many For Il will b rsmsmbsred that at the date OF
latest sdvicss, although We considered immi-
seut, there vas tendency towards Improvements mani
Tested The London Sock Exchange while the seasr
opinion that the actual cemmencsmeas % hoseit-
ties would produce sense Of relief BY Terminating the
prevailing suspense Gold too would soon -bsgn %
had IL way out II tho belsersns countries for s In
vestment IN France and Kngsud and rsasonsbis "
suppose In the United States Also The outbreak II
Shus b sinaisaneou2 however much sthsr intsiss>s
might be affected. and with gar In Germany London
would b likely 70 become grsat speculative market for
our securities
or the effects Of protsacted continsntal war In
stimulating exports from and emigration 70 ths country
there can b doubt; but although the foreign OK
changes win b likely largely in our favor in con
sequence cannot b expected that after losing forty
millions Of gold In M weeks, tho premmm viii deciiSs
rapidly advanced tho price Of gold must bc sft
10 the operation q Ne laws Of supply and demand IKE
any other commodity and che should caro-
fully avoid III ia,sHersaos with IT. while q 10 no
longer barometer Of the public creda the vsai Goa
lrsetonsts have 70 that vdsction Of
che currency would result In reduction OF the premium
Moreover prices adjusted to the present volume
81 the currency would only create havoc to disturb H.
aud is good rule 10 let we'll enough slone The coun
svy in time will grow up 70 II and 70 specie payments
The operators for rise In gold argue sha. the
cia Indebtedness q this country to Europe still large
notwithstanding tho heavy drain OF gold which has
saksn place. point FOR confirmation Of their views 10
the figures Of the import and export returns q this po
for long time past These show that tho foreign I'm
ports fer the four months from January 70 April 50
were valued In gold - Sill, S47 SS2 against only
45g, 2sos1z during tho same period last year. and
$40 lSI osi In 1854 the currency value Of me sxpor
exclusive Of specie for the st four months Of this
was on thsohsr hand Ss4 2sa s26 against So 7S6
for the sane period In 1895. and S5S,S0o.7A In
1884 TaklsE tho returns for the ton months ending
April As md that the foreign imports At the port
were SaSA no. against S1a2 el3 during the
time in 1885, and $ls7 o.. 6s5 in 1894 Tho exports
dunag the time. exclusive Of specie, $751;.
VsaSAo against slse ss7 800 for the corresponding Pc
riod In the previous year. and Sls4 so1s In 1861
These figures show . large balance against N here
Il sfus bat is probable that the costos exports from
Southern porn largely oe this differences. that il
Is than useless 70 baSs estimate Of tho whole
upon the foreign trade Of New York only The British
returns for she eleven years ending with 1884 show tina,
the vaius Of DATED Ssssss products imported into Eng
land exceeded In value ssss Of sne goods sxsesd from
Grsas Britain the UasA States during tlas time b.
no len shss 8lso ss2, 7ss, the details Of which
under s..'