New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-07-29
LAST WEEKS GOLD EXPORTS
A TOTAL OF s5.sooooo WITH PROSPECTS
OF FURTHER SHIPMENTS.
THE TREASURY GOLD RESERVE FAILING RAPID
LY-BANKs WILL LEND NO MORE ASSIST
ANCE-ACTrON BY THE ADMINS
TRATION DEMANDED.


TRArIoN DEMANDED.
The German steamer Aller yesterday took out OF
port $4,000 gold. and the French steamer La
Bourgogne carried $1,000 These shipments were
the 81 10000 withdrawn from the Sub-Treasury on
Thursday and Friday. Early In the week ED"
gold had been sent Germany so that the tota
exports OF gold for the week aggregated %'""'c'''
There were no additional engagements OF gold yes
terday but the foreign exchange market ruled nrn.
and closed at the highest points. Foreign bankers
old unhesitatngly that unless there was a decided
Increase in the supply OF commercial bills the e1-
rrorts OF gold this week would continue on nperai
scale. There Is no expectation OF any unusual o.
ferlngs OF commercial bills. and therefore the
bes,-informed in banking circles look 7" see
sh,nments abroad OF some 100000 Last week
efpux has actually pulled the gold reserve IN the
National Treasury down about 100000 AT me
outside although the daily Washington statement
OF assets and liabilities VIII not show the loss uh'i
about Tuesday. According 20 all tho prospects !"
financial circles the Treasury's gold reserve week
hence may be below 360c.c0 THIS VIII ho' DC
much more than per cen; Of the outstanding obi
cations OF the Government which must be subject
n redemption in gold. II the parity OK gola ana
silver Is be maintained.
Kumors from Washington yesterday sugseS,''
that the New York banks were melitatng thr oH''
Of fresh assistance 20 the Administration re"
bankers are in town but those VINO could be seen
VI
fact, they empharcauy discrei.tei the laeA II
,nere are two or three bank presidents VINO are
willing IN the present situation - part WIN some
~ tber holdings o, the precious metal ihey WI.
o., inl.r.ndenfly 80 t0uli guess VINO 'h'sr
lessons uityht he The bankers. as whoie are
opposed 20 giving any further assistance 70 90
Csrl,se II would n ~ contended. simply De e'lhlNh
icn, 20 'nour.ng water N a rat hole Ire move
m.ni OF sol! abroad would not De s'opprl', -,
hanks would merely be surrenderins TIE goo OF
their deposltors unneeessat.y ana tne r,naei
Many bankers eelisye hat ne 'aSnf %, ~" a. n,
uas not large enough 20 effect cure OF M eltua-
ton and only tended 10 encourage me i Ia -,
10 pursue the policy oil hapnaA"'' "" "
since that time the legislative situation at WASH
ingion has fallen INTO coinpe,e ~. '..,,,try.,
mourning the dlstrust felt abroad IN ms Sou"t'p
49, afa standing The banks zee. that they have
done more than ther legitimate shaI u. .''' IS
the Treasury and ihey now ae eInei ,hc It,y 81
the President 70 fuinl the requirements OF me ON
stiti!tion by promptly calling the ai""tinh 9. an 8
nr,,ltrg authority for broad ana cN"ctf" acton
II thls s refused by the southern icno' t",s az
the Western Populisis thrn' il - h''H. -, a,
,,,rlo,lr duty Of the President 70 use ehlH"hs ~
r.,',v aud invite Offers for Per cent. ~ or pr
cen, bonds on a scale that Viii place IN" ltras"'y
t..nrt danger II there wihlTh"A OF
- r.isr the rate OF interest from IN" present IN
-o,i,,ble level there would bc an luiu''ih'hN ~
ndencc lu ne Treasury ana IN w 49,, ,t, .r.t
OF the Administration to deirnd tn p"",', -, ,.r
womb be Immensely increased Inc olsi1 t,
vc,uld involve stringency ~ the '"ai ~,
a,1 altho,sh the President might meet 'lu,tSi"
from certain sources. he would De- etprclfl - ~
II manfIlly. conscious ina n" hal l.,s Pn.Irf IN
financial circles that arge Doha i 49,. y. ~
~yitabe In tfn~ and the longer II Is deayea , IN,
'if A., hc IN overcome the obstacles TO the rehaOA-
tatiOn Of general confidence