Omaha daily bee., 1892-11-27
-fr---
GOLD SHIPMENTS.
1t Continues to Flow fns n, Heavy Volume to
EurODe.

IL CONTINUES TO ElOW ris n. Heavy volume to
-, ii Euyopn-. g,,l,.
NEW York, Nov. 25.-Whlle the exports
of products of the United States to other
countries are at present satisfactory, as TO
bulk, the prices realized it is claimed are so
far below normal, that gold coming this way
is not so great in amount as has been in some
years past the rule at this season of the year.
Meanwhile Americans have indulgeu in
luxuries from abroad to an extent that has
caused heavy shipments OF the yell
low metal. The reports that foreign
interests are rendered uneasy by
the silver agitation here have been
and are lessening the bulk of their value in
the United States and that, too, upon q gold
basis. Naturally, the public with specuia-
tive interests are closely watching the pres
ent fiurried transactions in gold. Their
action is largely contingent upon the move
ment OF gold, and hence the statement on
Wednesday last that s6oo,0O0 in gold had
been withdrawn by a banking firm here for
Shipment has aroused comment and wonder
as TO what 1t means. .
1t now appears that Lazsrd Frees is the
customer for whom the Fourth National
bank withdrew the 5000, 900 in gold on We'd
nesday. In this connection the status uf sterl-
ing exchange has a harometic interest. S.erl-
ing exchange was very strong again today
and offerings of cotton and other bills We're
quickly absorbed. Cotton bills were in fairly
good supply, but not enough exchange is
taken to relieve the stringency. The gol1
ordered by the Fourth National bank from
the subtreasury ON Wednesday was for one
of its clients, Lazard Frees. This isl en-
tirely new departure. Heretofore shippers
have acted for themselves, but owing to the
unfavorable criticisms mado from tme to
time, 1T being frequently asserted that pri
vate bankers We're friendly to bear operators
of gold they have determined to employ
banks in their exporting operations here
after.
Work OF the bears.
Up to noon today, the gold ordered Wednes
day was still IN the vaults OF the Fourth Ma.
tional bank. IL is understood, although
official information is refused, that this
shows loss of ABOUT 81 per 1000 for light
weight ana additional abrasion from ship
ment which, together with other experts,
make its ca oes cost SiSS. Gables sell 81 SS
so that there is no money IN shipping today.
Foreign bankers who nave large remittances
TO make to Europe tomorrow said today that
the supply of bills was not large enough to
supply their needs, but that they could not
tell whether they would ship gold or not
until later in the day some of the largest
Wall street houses were inqulrers for large
blocks OF bills, and before uoon II .sI94 was
bid for sight bills.
Touching the big geld order of last We'd
nesday the Evening Posi- in its financial re-
view this evening says: II will not be
incident of last Weupesday's gold with
drawal is looked lupo5.[ with general sus-
plcion. However, Salslble on their face
may be the reasons assigned 1or 1t today
the fact remains that IL was very unusual
proceeding, conducted Through very unusual
channels and so timed as TO give a very con r.
siderable advantage 1oN peculators short oa
the stock market. 1t may not, of course,
have been the purpose of Wednesdays
traction to create this advantage, but tho
advantage was created and it was doue In
precisely such way as bear operator
would have chosen. WOI this there can be no
question.
The news of the $4,000 withdrawn was
withheld until the la65ialf hour of business
| when rally in prices, if il were to CONT at
| all, was naturally 10 be expected 1t became
| known after the bear spectators had played
! high on the belief in "a regular order for OK.
| porting gold and had been disappointed in
| their expectations. Ii was given out on the
! Stock exchange in such shape as to suggest
| the Inference that its immediate export was
| intended, whereas today's explanations pro-
| test that the gold was ordered solely for the
purpose OF testing its intrinsic value
| This was a singular method of seeking
| knowledge. Regular dealers in export gold
| contented themselves with samDling for
| this purpose few specimen CONS furnished
| by the subtreasury. What the bank. which
| gave this order last Wednesday wanted OF
| samples Of a lump OF 5000 Is a conundrum
which spectators cannot be too prompt In
answering
The steamship Saaie, sailing for Europe
| tomorrow, takes out 225, 900 ounces Of silver
| and $4,000 Mexican, dollars shipped by the
following firms; Ladenburg, Thalman a.
Co., 100000 ounces; Handy & Hartman. 100,