New-York tribune., 1893-12-09
GOLD EXPORTS BEGIN.
ONLY A SMALL SHIPMENT FOR TO-DAf'S
STEAMER
NO GOLD TO BE TAKEN FROM THE TREASURY
BANKERS GLAD TO SEE AN OUTFLOW WHEN
MONEY Is A DRUG - STOCKS DULL
AND IRREGULAR "DUN's RE-
VIEW" on GENERAL TRADE.

AND IRREGULAR - DUN'S RE
VIEW on GENERAL TRADE.
The German steamer Trave will to-day carry OUT
s5O0 900 gold shipped by Hedlebach ickeihelmer &
Co. This shipment is about half the amount wnleh
on Thursday II thought probable would go. Inc
gold was taken from the National City Bank ana
not from the Sub-Treasury. This circumstance
helped to rob the export OF disturbing influence III
Wall Street drain the Sub-Treasury, wheh
its free-god balance Is below sSLooO,GO would not
be received pleasantly by bankers; but II any out
ward movement OF the yellow metal simply re-
duces the immense gold reserve of the city banks
IL will be regarded with equanimity. the banks
are rather glad efux OF god, because
they hope It will tend to stiffen the local money
market where the present rates runously un-
profitable for the OF idle capital stored
Foreign bankers said yesterday that the Ioreish
exchange market was weakened slightly by the OF
ferings OF bills drawn against the shipment TO-
day. but it Is generally believed that larger amount
Of gold will be shipped early next week. 1t Is sad
that any material advance in money rates mere VIII
stop the outflow but 1t is thought that a consul
cradle movement will be necessary to ahect the
rates for money by last Saturdays bank state
ment the banks here held nearly S2OOw~0 IN cash
and the surplus reserve exceeded S6,oVO~ Inc
statement due to-day Is expected to snow ano'hef
heavy gain In money. ,~ . .h
The stock market utterly indifferent 70 the
movement OF gold abroad promised by the coht,pi, p
OF foreign exchanges. Special influences Hldue tnc
and Cattle Feeding shot to the front with transaG-
lons exceeding 5000 shares and the price rose -2
per cent 10 90 Advices from Washington Said that
large increase In the on distilled spirits vas
Inevitable and II was this that SPECTATORS ai,
vanced the price Of the stock OF the so-cailsn
Whiskey Trust chicaso Gas was = ms nou'is @ ~
active and rallied from dS&,Q66 to G'7qof. on the
covering OF bears General Electric rose 70 sos put
later rcceded TO 81. American Sugar kehnlhs wa wa
unusually qulet and fter ranging between - anu
S,i. the final price s3%- or a shade Deter 'ntn
the opening quotation. The principal activity IN ths
railway list was In Chicago. Milwaukee ana - Ihul,
which sold down from 6ia TO 63hret% Messern RI
predictions OF Il favorable bank statement neAt
week As "a rule. the closing Level OF prices ms
slightly lower but the market was intensely uull
The business failures reported for ue VIZ "a
II a; Dun n Co numbered go Tor the l nltvn
States and ~ for Canada, total or i.b asalsI 'l9
iS92 "pun's Review" says that the cotton mahu-
facture does better than other branches or business
al present and yet IT has not n very healthy ap
pearance' The demand Is not strong ana prlctss
~ goods are barely maintained In me IRON anu
steel manufacture there are symptoms oI linpt "
ment The Review" SAYS as summary OF tne
general situation ,rA 4, NO ,,,si
hle Improvement and on the whole the indicatlohs
ar. little less satisfactory than they We're VIZ
400 The volume OF business. measured by Gearing
h,us. -eturns outside Of New-Ncrk, shows fe-
crense OF only II per compared with last year
which Is encouraging, but as the statement .ostis
rn, Correctly measure the volume OF new tensac-
lions The reports from other elites snow 2 h,Sl-
,attn, trade almost everywhere, with drcdeh diS'
rnsiflon To- wait until Congress has acted on the
,.rin question. Hence the delay ana uncertainty
are likely TO last FOR some weeks.