, and
withdrawn, being sold afterwards, as it was understood, by
private contract, at 4s. or 4s. 6d. per oz. Since that time, 1s.
6d. and 1s. have been realized; and a fresh arrival, which is
daily expected (March, 1832) will probably reduce it below the
price of July. Now it is important to notice, that in November,
the time of greatest speculation, the quantity in the market was
held by few persons, and that it frequently changed hands, each
holder being desirous to realize his profit. The quantity
imported since that time has also been considerable.(2*)
195. The effect of the equalization of price by an increased
number of dealers, may be observed in the price of the various
securities sold at the Stock Exchange. The number of persons who
deal in the 3 per cent stock being large, any one desirous of
selling can always dispose of his stock at one-eighth per cent
under the market price; but those who wish to dispose of bank
stock, or of any other securities of more limited circulation,
are obliged to make a sacrifice of eight or ten times this amount
upon each hundred pounds value.
196.
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