The sun. [volume] (New York [N.Y.]) 1833-1916, 1896-03-27

LATEST LoNroN QUOTATIONS..
March 90.

THURSDAY, March go.
The interest Of both the business and specu-
lative communities in the foreign exchange
market was revived to-day by . reported adj
vance In the market price for American gold
bars In London to us. 1od. This was promptly
followed by an advance. ordered by the Treas
ury Department, of u of l y cent. TO 3-16 q
cent. in It's price for Assay Office fine gold bars.
The action of the Treasury resulted in a free
discussion. and possibly a better understanding
of the condition and prospects of the foreign
exchange market, particularly from the
point Of view of the principal draw
ers Of bills. 1t is interesting to note
that the bankers through whom foreign
trade balances are settled do not regard
the order of the Treasury. raising its price for
fine gold bars, as an attempt to throw obstacles
in the way of legitimate exports OF specie; but
rather as warranted by the difference between
the commercial value of the coin which the de-
partment would furnish, and that of bars. II
called upon to supply a demand for gold from
foreign exchange bankers. Besides. It Is posi-
BILE that the Treasury was Influenced in advance
ing the price for bars by the higher rate quoted
for them in London.
AS the drawers of foreign exchange prefer to
make their calculations. II they involve posi-
BILE shipments Of specie, upon the commercial
value of gold bars rather than upon coin. which
varies In weight. they were g~ratifled at to-day's
action of the Treasury. because 1t enabled
them to fix a basis for their operations for
some time to come. This view is based
upon q probability. which is almost q certainty.
that the Government is not likely to change
its price for gold bars in the immediate future.
Foreign bankers agree that they will not be
compelled to make remittances in specie against
tbe,r drowin,s urtn s,,ht s,.-,;nn .orohSs
4, col. ,na nroe,s ~ .nsh .,.s.Se
ro,,d h. ,nsnita.,mo, nn.u ~. a.w..s o..
si,ht ovohon,o ut,s ,bo ra,. o. a. oo,< "
ba,,or
prosnoo,. y, s,,,r,.,t. y, sn.o .u =.
o,,rnina No th.v war. ,.u 1an...o -
I.nt nros,o,.s ~ n at,Iouo.I. .at....
~. y.na.ro,or d,snr,. tono,ho. ii A.. ~
tpol d,snosition n, ,be Cuban oras,ior hr o..
doy,s aov.,orm.rts a. wosh,na,on So
creased the disnosition NJ foreign honLars 20
,ord tbs;r mon.n in this morlot The or..,ss
enn,ed bv m. rnIing rates for monau h.ro 90
~. ohonoas tbat ,hos. ,otas Iii ox,a. 49,. -
90 III. Tr.os - CON ,neroncat ~. -on.u~.,,.t
hr n.u;ro IN ,-ou ,;no to tim. s1s ooo ooo %
the nroceeds or the last bopd is.,e vbicb I, has
-, Sa,os,. ,,,,h snoo,oI aono.... h..h. IT :.
.i,,,ion 10 oomn,io.,.a So &C.,. b.. o..
49, - Ior,. anornt - noIa rsas :. -
n.uu.,,o fnr tha NOV conarnuon, ho,aa 80
horrovad fron o,ro.a. hr, ,hosa nh 49, -.
1,Id ara not daa;roua of u,it Id ~, r,;nrt Il. tuo-
.hia oorr,ru % ,hov 90, ,.,, a. ha,. ...ia
foo,orv ,orms E,ce,I.n, informa,,on T.. 49,.
tbov corsider crrrent ra,e. yor monav.at,sfao
800 .nd thot ,har NO ~ Ionao. .,..u.hoa ~
~ nos.ih;litv ~ unw i.e Ie,,sIation IN tanou ~,
siIrsr II Ia also m hs noted tb.t ou,inn - 81.
,;,,uo, srho,d.no. -, tha o,;totio, L. go.
t.o. liz nv of its 1oro.r 9 $3.50 -.
or.rs = ~ ,on,or ro,not,n,t .t,n no1s 49,.
= ~ oh,air Observation-Disclosures In tha -
st.rIino 1oors
e. thoso roos,rs 4, "a h.,,ovoa .,o.
ua,oa T.. ~. 80 10, strh, s,ou,nra 80
. oant a nound sav 20 "a 40 will nroosnitota
til ,-.o ofyor,ros hTr. un,~1n"So
sSanr1 ~ .n,n fon..a.n raao,,o. a., 49, 80
-, ~ rau,r.I ~, ,ora,an ooun,I.aIanr
~ -ha,ul 30 ,ho forai.n oxnhon.a a,.n..,a"
..orid ha nomn,ot. ,h,t ala not inn,ndo 49, w.,
49,. 80 10 nn. urao,,oaIv ~ .hau. n.as.
~" mansot ,.haraas aorano $500 $500
.n". hannur ahor, -, a1oha"ao haan""n
y. ~ 40
. en- n.uin,,a 1T Doau i
my 80 49,, ~ .a ~ ~
ne =, = 80 arI o.s' Nv
-. e"o
~ "' ''e"o"' W
the Government to import n large amount of