St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-26

of the Money Market and
Financial Gossip.
KANSAS CITY, Mo-, Aug. 25.-Ten
million dollars in gold, packed in can
vas sacks, cameinto Kansas City this
morning OH the Santa Fe train from San.
Francisco. The money was guarded by
ten United States deputy marshals
armed with ominous- looking Winches-
ter rifles. The gold is for the SUBJ
treasury in New York city. The news
i Of the arrival of SO much gold quickly
spread about the union depot, and at
tracted a large crowd, which watched.
with interest the transfer of the bags
to a baggage car OH the Rock Island
road. The deputy marshats stood
around with their Winchesters in their
hands, and watched each bag jealously
hwhile it was being placed in the bag
gage car. The interest of tile specta-
tors did not abate until the last bag of
the shining metal had been put out of
sight in the train, to he taken to Chi
caga.
Only seven OF the guards accompany
the gold on its way to Chicago, as the
fear Of train robbers and wreckers ii-
minishes as the West is left behind.
The gold is in $50 and $40 pieces, and it
is estimated that the whole shipment
weighs about twenty-five tons troy
weight
The route of the gold from Chicago to
New York is kept a secret, for fear
robbers will attempt to stop the train.
aIie Santa Fe was not followed to Chi
cago for that reason. In a recent ship
| ment of gold from San Francisco to
Aew York by way of Omaha special
! train of bullet-proof cars was used, but
this time the ten men with repeating
| winchester rifles were considered a
sufficient protection from robbers.
Gold Movements.
New YORK. Aug. 25.-The Columbia,
] which. arrived this morning. brought
;ssa;;eesS; 900 in gold. Heidelbach, Ickel.
feimer Il Co. are advised of shipment
lfof 100000 TO them on the Saale and
lila Champagne. The Campania, due
tomorrow, carries 81, ,325, 900 in gold.
LONDON. Aug. 25.-The sum of ESQ.,
lsoD0 in gold was withdrawn from the
lsBank OF England today for shipment
abroad. OF this amount 10000 will go
to the United States and 100000 to
Montreal.
| NEW YORK, Aug. 25.-Call loans were
easier at 4(95 per cent. Time money
and mercantile paper remain un-
changed. Premiums on CURRENCY were
t719@113 per cent. The demand for paw
roll purposes is not so large, but brokers
look for an increased inquiry before the
Eclose. Gold to arrive early in Septem.
I Der is bid for at q per cent, and is of.
itfered at Il per cent. The subtreasury
lidebit balance of s54.96S at the clearing
honse was paid as follows: s5O,0O6 in
| gold ooin, $1,000 in treasury notes, aud
S95S in United States notes. The loan
/ committee of the clearing house at their
searly session did not issue or cancel anv
leertifcates. The market for sterling
| exchange was quiet and weak. The de-
mand from foreign houses and gold i'm
I porters has fallen off. and at the same
time the receipts of commercial bills are
smaller than usual of late. Posted rates
ARE down to S4.S2 and S4.S7.
I ~ SOOu QSdl uduSS Ou Tile dCIlOQ next
/ week of the saving banks depositors.
\ The requirement of withdrawal notices,
it will be remembered, was generally
put in force July 81 or Aug. l. A very
considerable proportion of these notices
! were given under thirty-day rule, and
the time is now at hand when such with
drawal may be made. The outlook is
,,sproblematical. except so far as concerns
the savings banks ability to pay what
Fever is demanded. Through the sale of
securities or the purchase of imported
gold (Which proved the cheaper of the
two expedients) ithe banks have gained
Fan exceptionally strong position. If the
idepositors demand payment in full,
they will be paid; but the process would
indirectly be unfortunate. If common
tsense has returned sufficiently to pre-
tvent wholesale Withdrawals. the savings
banks will be able to release their money
in reasonable quantities upon the gen.
efal loan market. Otherwise. boarding
will simply be extended