The sun., 1893-07-16

United States. a cnhnRo In the character
Of that balance is most desirable, for senti.
II 10 worth noting Mat the total value
OF tho imports entered at the Custom
House this week is worry nearly identical with
the value OF the exports. Tho decrease OF
81, SOC. 900 In the imports 10 not. however. en-
tirely normal. since u large part OF 1t Is due to
the falling OF In the receipts OF coffee on ao-
count OF the appearance OF yellow fever at GER
tain South American ports. Shipments Of
money to the interior have been very
much smaller than for number Of
weeks past, and have been very nearly
Offset by disbursements By the SUBJ Treasury.
That institution has paid out over 81. 900. 900
gold to the Associated Banks during the last
six days q part Of IL direct to somo OF them
carly in the week, and the remainder. about
s50000o. to the Clearing House to-day In set
tlement OF debit balance
Treasury officials venture no explanation OF
the action OF the department In paying out
gold. 1t is understood that one reason is that
the Treasury supply Of currency has been de-
pleted by demands upon It for trans ission to
interior points Another reason may be de-
sire on the part OF the Treasury to do its share
toward restoring confidence by demonstrating
that II does not regard the metal with the
same reverence that many advocates OF q
blnRIe SthnuTu Oi Nhiue ulspup. ctil tnlru
reason may be found in tho fact that the Treas
ury's gold balance Ia rapidly approaching
500. 900. 0OC. and that tho department does
not care to accumulate gold in excess OF that
amount. for should 1t do so 1t would probably
be compelled to issue certificates against such
excess, thus resuming the storage warehouse
business
Whatever the reasons may be. the Treasury
can. in view OF the outlook for q heavy return
movement Of gold from abroad. regard It's
present gold balance with complscenoy. Tho
Department has taken stand In the matter OF
purchasing silver bullion which bids fair
to keep the price down until Congress
has had an opportunity to put the
finances Of the country upon sound
basis. This may be very aggravating to
the producers and dealers In silver. whose
fictitious quotations for bullion upon the floor
OF the Stock Exchange are ignored by the
Government, but 1t cannot be assaied on
business grounds. Now that the excitement
caused by tho closing OF the Indian mints
against the FREQ coinage OF silver has partly
died out. particularly in the silver-producing
States, moro rational view OF the
effects OF that action and of the DOS
sitle repeal OF tho Sherman Silver law is
beginning to prevail. The more conservative
element In those States has been prompt to
realize that the extreme position taken by
certain friends OF silver. notable Gov. Waite OF
Colorado. has damaged their cause. as intem-
perate zeal is always certain to do. The mis-
fortunes OF the entire country. while not alto-
Rether due to the Sherman Silver law.
have. In connection with the lnflammatory
haranRues OF some OF tho friends OF silver.
brought out in strong RELIEF the fact that bare
ly one-stxtieth OF the population is bent upon
forcing the adoption OF its selfish financial
views and system regardless OF consequences.
Investors in Colorado enterprises received
severe object lesson this week In the decline
in the price OF Colorado Fuel stock. Last Feb
ruary 1t sold at 72 and this week at TO- A
good deal OF tho stock 10. or was, held by
Colorado capitalists and 1t is currently report
ed in Wall street that the heaviest liquidation
this week was for account OF some
of them. According to official statements.
the decline in the price OF the stock reflects.
to an extent at least falling of in the COM
pany's business. and inability to collect from
Its customers because OF the depression in
business brought about largely by Senator
sherman's politico financial legislation.
The dealings in stocks to-day were very
light. and. as rule. the best prices were made
at or soon after. the opening Of the Exchange.
In the second hour OF business the saRging
tendency became more pronounced. and in
consequence the majority OF STOCKS closed
lower than yesterday Noteworthy net
losses were sustained by Sugar Re-
fning. Chicago Gas. Northwest. General
Electric. Lake Shore. and Manhattan
Railway. Tho pressure to sell was not
ureat. in fact the professional element was tho
r.,n",,ni .sII.. ha ,,n ,a.aivsd frash ~ n,ra-
tion from the disasters that have overtaken
Kansaa CITY and the Wisconsin iron syndicate
mentioned above. Tho borrowing demand for
..o.,,. -. ,,,,s,,,I,, ro.I pons JsIona ,nd
e'oeAo WOO uu e"o'" AN N,"'" 49,
Louisville and Nashville lent at small premi-
ums. and c.. b. and Quincy and General Elec-
tric were in special REQUEST
mn. ....---.-I :. .,...I
Inc Weekly sNltetnenI OF averages oI the as-
soclated Banks shows loss in lawful money
900 80 ~, -
OF only 100000. The loans have been con-
trootod oyar az 0OO O0O and In conaannapca
t"''ou WV ~o''ooooo, a.A M VI so,''t.e'"
the deposits are S450O0OO smaller than q
-..,... Nt,..,Iw - .,,.r -o,.r.u Ia - q
Weeh uHo' Nuturaiy u Siiaiier EeeorNo 10 TO-
aoi. sto , 81 frad, khod daao off