The daily gazette., 1878-12-18
Gold Sold at Par,
No Premium asked for The First Time
Since 1862.

No Premium asked for The First Time
Since 1862.
NEW York, Dec. l7-12:30 p. NJ
Geld has just sold at par, the first time il
has touched that figure since he suspen-
sion OF specie payments in 1872.
The legal-teDder notes left par on the
18th of June, 1862, and the premium on
gold coin went by irregular advances TO
2S5 on July II, 1864, when the greenback
dollar was worth only 35 cents. Gold re-
ceded below 100 after the close of the war.
and has been above that point only once
or twice and for brief periods SINCE
/ Through the last eight months of 1865,
and the years 1866, 1867, 1868 and 1869,
the range of gold was mostly between 100
and 13O, with constant fluctuations from
one extreme to the other, and a general
tendency towards lower level. On the
18th of June, 1866, however, it was run
up, by Wall street concerning opera
tion, to 1919, but fell back before the
close of the day to 155. In 1869 it was
rarely upto 40. On March 4 of that
year the price was 1872, bat on the famous
"Black Friday" in September, 1869, it
was driven up to 1921, but before the
close of the day fellto 1873, and fore the
close of the year 1869 to l19s. In 1870,
its range was downward, and it touched
no, though several times iG was above
120. In 1871 the highest figure was 1l52
and the lowest 110a. The next year the
level was not greatly different, though
during the first three months IL got occa-
) sionally below 1l0. In 1873 it was RAJ
er higher, the maximum being 119t,
though in November IL went down to
1864 for a short time, under the effects
of the panic, wnen the banks were lock-
. ing up greenbacks, and there was fever
ish demand for money. The lowest
point then touched was on November g.
After that furry was over gold ranged
, through the year 1874 from 114S to 100.
In 1875 it was generally higher, going W
to 117s, and never below 111s. In 1876
d it tended constantly downward; the high
e,t price being 1l5 in March, and the low
est 107 on November 5, 8, and 7. From
December l, 1915, when it stood at 100
it gradually declined until 104s wa
reached on February /, 1877. Subse
quently 1t ranged at about 1861 unit
a August 25, when it dropped to 1888. b.
September it was down to 1854; by th'
loJH, W lVoB, dilu Ny tnc ttil, W lOo.-
y On October it fell to 1921. This yea
= its general tendency has been downward
l. until at last the premium has to-day EN-
81 tirely disappeared. On January IL
n dropped to 1929; on the 10Th to 1919 OIL
the 10Th TO 10l3, and on the oath to l0l !
On March 1lIh the premium went belov
per cent. for the first time, the loves
quotation on..that day being 1909. b
a April 13 it had fallen to 1901, and late
A In the month to 1907. Its fuctuation
l. since then may be briefly summarized
s' During May it ranged between 101. an
y 1908, June, between 10l and 1909, July
d between 1908 and 1909, August, b'
tween 1003-4 and 100a, September, b'
tween 1909 and 1905, October, betwee
- 10es and 1901, and during Novembe
between 1908 and 1909. Since the opel
Mt ing of the present month it has tiuctn'
N ted but slightly, the highest reached b.
ing 100. on the I'd and 9TH.