Year: 1866

The demand for customs dut this port amounted
10 The export OF thrcequartcrs OF million
chiefly in gold and silver bars. The telegraph has
advised Of tho shipment from England TO this country
OF fi00 600 specie by the Aemanna and clio 900 by
tho Scotia but these mporations probably made for
speculative effect by the bears in gold and not likely
continue for the that they not justified by
the actual condition OF foreign trade Moreover the
drain would very receive check the other sidc
by tho refusal Of the banks to discount for houses engaged
shipping specie II It threatened to become serious
by an advance In the Bank Of England rate OF
discount The abnormally low rates Of exchange,
resulting mainly from the heavy spccu
laiive export Of fvetwcnties render importaons Of
specie profitable to the extent Of nearly two per cent
there being that much difference between the price Of
bills god and tho telegraph facilitates operations
rinng margin for profit between tho two countries
THIS condition Of things hardly be of long connu-
suce, and the gold we import and the bonds
expor the greater will be the subsequent drain OF
specie 10 which shall be liable. The export Of
securities on so large scale Is rife with elements Of
danger, which should not be overlooked


For bills on England sixty days the leading drawers
asked at the end Of the week 107, and for those
short sight i0s but second hand good bills quoted
at 10s,< 1o7 and 1o7 q u, respectively.


sensational cable despatch from Paris 10 the Asso
caied Press received yesterday stating that can





States Gve-twcncs, and heavy orders for supplies have
boon tclegraphed to American agents." &c. This is
clearly telegram in Il interest OF spectators for
rise government this SIDE and probably
of some who also dcsrous Of making a
market for them in France, and Of selling
out their stock consequence TO better advantage The
slender foundation which tho telegram has truth may
be Judged from fact that nvetwcniics have yet
been admitted TO tho Paris Bourse and such Is the pres
cni condition OF affairs there that If they
immense demand would hardly bo likely TO arise at
the instant of their introduction Probably dealings in
our bonds will lie allowed the Paris Boursc before
here, especially when tho motive Is obviously one OF
personal profit No sooner had the telegram reached
the city Saturday than nvc-twcntcs advanced from
1i the price at which they sold at the regular board
10 ll2a IL apparently under the influence OF parties
whose agent Europe had caused the telegram in qes
tion DC sent and who sangune that prices be
stimulated still higher Al the present price Of the
bonds here and In London however, their export would
be Improbable and they must either advance abroad
decline home gold must rise before il be made
profitable.


has consented 10 accept the conditions OF the Canada
national currency act, and will the whole Of the
of s. 900 Of notes authorized by that act, and
sl-s take further OF ST. 900. 900 in dsbcn,urcs
should the government need such. BY this arrange
meni u expected that end will be put 70 the crisis


The aalicnal debts OF the principal countries Of the
world our own excepted and the proportion Of debt per
head OF the population, are thus shown