New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-04-28
1tnNET -INn RrSLNEsS

Thanks are due to Secretary Fogcr because
he has wisely refraincd thus far from issuing
another call for bonds, though one was talked Of
as forthcoming some weeks ago. During the
past week the exports of gold have continued,
and the Treasury has lost SL721162 Its
gold balance is reduced below 5000, 100000
again, and is hardly larger than it was at the
beginning of the fiscal year, nearly ten months
ago. Since April l the Treasury has lost
ST., 92O,9s9 in gold, and, though most Of the
outgO was for gold certificates surrendered, it
happens that there has been some decrease in
the amount of gold owned by the Treasury,
both for the week, 5000, 7l2, and for the month
thus far, $1,329,j The stock of silver, As
usual, steadily increases, 1928, lOS last week,
and 81, 3Jl ASS since April3l Meanwhile the
amount Of silver certificates in circulation varies
but little, showing that in spite of all efforts to
thrust this kind of paper into use it comes back
through the custom houses as fast as it is put
out. Last week there was a decrease of
S7GS, 1920 in the amount outstanding, but this
COMPENSATED for previous increase, and the
amount il now only $4,000 less than 1T was
April l. For the month. the Treasury re-
ccipts have barely exceeded disbursements; it
has redeemed $40 ,912, PA certificates and notes,
and has ST., 92O,999 less gold, but $l,35l,4SS
more silver Last wrek however, its receipts
exceeded its disbursements by y, G9l, 1913, and
yet it lost $4,727,1G2 in gold.
1t is not strange under the circumstances that
the money market is hardening little !;
. to 2l2 per cent was paid on call Saturday, and
there is less disposition than before to make
time loans on stock collateraIs Perhaps this
may be commonly attributed to the uncertain
ties as TO railway management, and the conSc-
auent distruSt perYading the Exchange. But the
truth is that the outgO of gold begins to be rea-
lied as a somewhat serious matter. We are now
at the end Of April. The imports of merchandise
exceeded the exports in March by Tj0O7,115.
In three weeks OF April, the exports from this
port have been only Slj,G3s, 1871, against
S26,213,OS3 for the same weeks last year,
loss of about $40, 100000. During the CORE
spOnding three wccks,thc loss in imports at this
port was only $616,57S, but the decrease last
week was heavy and for the four weeks about
S2,SILOOO. The cotton movement has prac-
tically stopped until September. The grain
and provisions movement has been arrested
again by the violent advance in prices. Oil still
moves, but more slowly than it did last year.
There are still no signs of the promised famine
in Europe, which was to relieve us Of our surplus
grain. For some months to come, therefore,
it may be expected that commercial bills will
be lacking to check the outflow of specie. Our
wise statesmen at Washington virtually tell tho
world that this country does not want gold, and
had a little rather. keep silver Onel can see
no reason why our preference is not likely to
be INDUCED for several months to come. IL
the wise statesmen find themselves obliged to
meet the people next fall in time of financial
trouble. they may thank themselves.
Ii i, true. the general business Of the country