New-York tribune., 1886-02-01

rnr bank e,rnaasc. At the Nsw York c,sarqe House
a' % Tue stock, 'IH =, ,s ,os ~. follow
Week ended Feb 2.l-,i Jan 81. lsS5, jan 81. lset
EAe:,l ,rS. e' :77i'5jiSS 559PP @.6559t0
We pint here a communication dated January -
which we have crtvcd brcause It has reference 10 the
matter uuder discussion tui otc"7, IL gtn"7 eNirgs
zion To- u popular rrfOr-thu the lut'rhNlont move
OF gold money are entirely controlled by the
trade baaicrS Tor special period
Referring to your abo, ot our foreign trade In THE
TRIM tuls date. Will you kindly Inform your read
To- Drn"r S .n' I oi 30 was followed by
an EXPORT OF Si2.ooo.OuO gold. In tho succeeding
four mouths how large an eIpor OF gold should attend
the credit trad. balance OF S2o2-+@G6 for the CORE
spending period of 1850 -
IN the sixnaurr-",. H. I've recognize the tTanspos
ed initials uod friend VINO IN former communications
has shown aptitude for mistanns toyguns Tor pieces
for tho six months ended u 81, 1883 the net
crriit baiance OF the 5oIelgn trade OF the the
;rrnd hal to read us backward lust
;wenty-scyen line, mud nj, tgurrs OF "S20.224 ~d6
ana whom found tnry the tsures Tor tho net credit
bRaucE Iur tho month Uf December, lN73 ana not Tor
tho six months December 81 Tue credit llanco
ior tue SIX months ended December 81, 1882 wds
$50 ggG,I3i. This lule discrepancy. however, IA I'M
ma cr except show that critics and proponuder7 OF
conunirums sioud bo careful to not over-sate their
We might reply In Yankee fashion by ASKING
another rson: II debt for balance OF Fll's341li
tor three months ended september 30 1883 resulted
In a small cold importation during the next three months
what should be the elect OF credit balance OF T0l"!p
7lS for the three months onded December
81, 1881 The TRIBUNE did not 20 Wild
over the universal talk OF Large god Imports
soUc time AGO when rates for exchange ruled
edge of the gold importing point aud II soes 40
necessity now for anxiety about eNportatons OF gold
other things than trad balances or the move
meus of securities waich AFFECT the CHANGING or the
movement of balances Goli docs not IKE an eNtuI ,
sIonisi, incur the expense aud risk Ot travelling Dack
amt forth the Atlantic Ocean for tho fln ol the
thing, hut 1t Will 20 whore ls In demand DESPITE OF ad
trade balances Every one admits thht EhGllhu Is
nortos of have exceeded It's exports
The balances sctcd 10y the interest which II collects
upon the rccuruea Of lne debtor nations ad by ITS fur
thrr foreign enterprises Whenever the oc
casion arises England always draw gold from solvent
umdlsturbed where viii do the most good to It's owner
Because at tho moment there are no Indications OF
Engauds requirements being greater than her present
Internal reserves Nj" supply We have not oee usp2seh
attach much importance to the stock cry or Impending
gold exports. a day however may change the whole
siiuatiOuwc mean like all things change IL pOaSlpe
probable. suppose the situation Is chahKen ahG
heavy drafts for gold srs made upon u.s. "C. H. L.
says that In the rst four months of 1881 we exported
$50 900 600 the excess OF imports was
S}297s.O2O. on February >. 1854 the banks or New
York held S7a96l.300 specie; on May ., o aiJer nea
all this gold had Deen exported. they held
specie and the surplus reserve still $S0OOOO against
sl929-35 July . and on that day money % wns auSgd S
IA being "hrmcr" at per cent; Now tne oanAs holt
over 500. 100000 specie with surplus reserve OF
S3G,lj6+2J; tomorrow the IreahuIy VIII pay pyoS Sui
10000, 900 gold for maturing bonds ana IT, on MntGn
nn0lhrr 100000 for the bonds called on Friday asL
The Judgment Day may come bnt u ~ hot less m ry h, ~
come III the nrxtniX months than that money O Ir
ness wall he disturbed In ;hat time ny excessive goln
ana were easier In tone, Due thoy TIC, m1o ndoSs,a
subject to immediate causes ihat InoIGrae t,rs
Despite OF reports and rumors circulated IN
Wall street for eneot at me o'1Gn has; s,
I
authorities hes made satisfactory progress toWalu
Improvement m commercial and mercantile hilalrs'
T,Lc has been somrwnat retarded by the uniavOfhDle
condition OF the clements but that Ii we'll unucIhloou 10
bo only a posi- rOuenlrut and not loss. Inc lastein
movements gram have been retarded ny tho s"nIo
Cause; agnt receipts at the western points DC
cau~" or snow -bIuckaded Western roads gavo
nnothcr eek of light business TO tho Ehstern
| railroads at a time when western speo""'11rs 1
ARE holding speculation price ~.
yb,, "a htg that there nducsmcnt TO take out
of Wrtcrn elevators for shipment East hehco LOT ,nr @
Tine III. stern ruas dependcnt upon arrivals inE
nt. iiallc Mr Arm rir ported asprtdlchs ~
tyttr forv heat hcfnIr ol.nc oi CENTS NoN
,,t .,. I'm ..fuir. tells Gs taat Nhnn Mr' "u",i
L,.f c o.. .. tn % pr'c ION ~ P" ir'I't -
,,, -, -" ,..t.. 1Hr iron ahd st'ri ,rHh
a. .u t,i 'lri 4rN AMI hlle W oPeI I'ioI
..,, ,i ~ HI,l Nt s"' tGcu c'hi"ued ioE sS'H"'