| Show GOLD 11 t ail n nice 0 llie of gul 1 s loi g it w s exi iclef they CL lias for the list month at bui due entirely to an deutch condition of alie each ige act iho first cut to be kei t in iima is ind esi 1 lt bought an 0 Amerl cin deliver ible on tune contacts IB october and So vember hiie who anve sold tills wt it it tsi i rice must of course for tl e s ilc of tl air exchange it is lans I 1 is bleu done to i larce extent by contra ts inide avith I 1 to atko the bills it the date 0 the shipment of tie vleit but it a I 1 rice st celt cd now thus ii alie it eit against loss on his ex change tl is puts tl e in II 11 e 1 of being long on each n e for future ind it dos not bait to mn thi of 1 ivans 11 e bills to sell U A time en istl inge will in ill probability Ability lc try low lie roust sell 1 Is exchange in w long as tl ere is a birket for bills it it as his capital is limited ind as money must be transferred to I 1 cropo in order to give him the credit to draw aion there now he must use tl e proceeds of the sile of his bills to buy gold d ship it to meet tie bills te las sold y this i process a birge amount of capital ai been transferred temporarily to I 1 aroi e J 1 e I 1 ma of 1 rince particularly 1 as f ivorid this by the allowance of intyre t on tl e gold coin and bullion deposited tl ere ind also by an under stai ding tl it tl is gold m ay iy again be withdrawn without lie p dyment of any premium I 1 en the wheat 13 actu illy exported sixty or tience ind I 1 is to be p lid for in ciali gold n ill hive to be sl in cd back here to wide payment for hie bills daiv it aleso lleso bills ire know n to 1 abt ban ao J for ft iru IL livery to II 11 e b incurs be low the gola ini oiling i nil f r change ind t in it I 1 1 y some exchange nt fi in 10 to 12 ind by a consi larger sum 11 is of course represents only i i art of alip recent gol I 1 exi orts but it is ilso 01 li alie bills tint ivill be briwn exports of leit and other till f 11 1 |
