Show canadian coins A business man of spanish pork fork calls call aL attention in a letter published elsewhere to the large number of canadian silver coins now in circulation in the state he believes and it is highly probable that some parties are speculating in the money of that country they have probably noticed that the money of our northern neighbor passes current in general business in this country and therefore have brought here canadian silver and exchanged it for gold which is now at a premium all over the world it was only a few years ago that parliament Pali ament in great britain had to legislate against similar practices a cross across the sea at the rate of ex change it was discovered di sc by speculators that twelve english pennies were worth about thirteen 10 centime pieces at that time the french coppers or the french pennies as they were called passed current in london and other large cities of 0 great britain soon the french coins began displacing the english pennies to such auch an extent that it aroused the attention of parliament our correspondent beckens that canadian coins can be bought up as silver and sold for gold in this country at a profit of about per every 1000 perhaps that is possible but it seems to us that the speculators have nothing more than the exchange rate in their favor which would tail fall far short of 30 per cent we have no means of ascertaining just now what advantage there are in the monetary exchange between this country and canada but there must be some so many canadian coins could hardly come herein here in the natural course of business because our trade with the british possessions in the north is not great speculators must be operating in some way |