New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-07-31
MORE GOLD TO TAKE LEAVE.
HALF MILLION FOR EXPORT TO-DAY
THE MOVEMENT LIKELY TO CONTINUE THIS
WEEK-TIiE DEPLETION OF THE
rDrASrRY'S HOLDINGS.

THE MOVEMENT LIKELY TO CONTINUE THIS
wEEK-THE DEPLETION OF THE
TRrAsrRY's HOLDINGS.
The few neoo,e who predicted that the export gold
movement would end last week were grevousy
disapnonted Yesterday when all indications seemed
10 point 10 no cessation the outflow OF the precious
metal Foreign banking houses believe mat 'he
movement this week will be fully as large ana per
haps larger than last week. and he strehB'h VI
sterling exchange may lead 10 shipments Greet -
London Last weeks shipments were 10 France
and Germany. Yesterday the market FOR s'eTHns
exchange about Z cent within me Po'"' -
which gold can be exported at a proht.
The amount Of god engaged at the SuD-Ireasu''
Yesterday for shipment abroad was S"VVo' amen
for expor; to-day by Barring MaGoun Co V'ne'
foreign banking houses said tina; they woud MAKE
shipments on ,o-morrow's and saturdays steamers
The strength Of foreign exchange ana the scaf'''E
~ hills makes IL possible for continuance OF 'he
gold movement
The rumors from Washington on SATURDAY 10 'he
effect that the New-York banks would asfh co'"o
20 the assistance OF the Treasury found mite sup
Dor, In Wall Stree; yesterday. While many Oh '"e
bank presidents refuse to discuss the situation they
d,scredit the idea Of a concerted acton among the
hanks The New York banks have too Htiie tal'h III
the head of the Treasury Department 10 part VII"
sny OF their holdings. and as long as ne Coh''""'
his laundering policy ne can expect no ass's'a'Ce
from New-York Al the END OF tAs "Feh '"e e'
reserve will probably he &C low as $4,000" am
no one dares 20 that that viii marx me rhq pl
It's shrnkage. II action ths farm pli sH"uiu uc
stopped and foreign investors should renew lhc.i
confidence in American securities. ara 4 seVsIa'
other things should happen which so iar me Demo
cratic party has made Impossible, the goId move
ment 10 Europe might come 10 an end .
The rapid depletion Of the Treasurys goa reserve
has caused a renewed dlscussi on in Wal street
about a bond I, seems 70 he the genera oPli
ion that the only course for the president 10 fo.H"
g. ~ acoualnt Congress with the condition OF the
Treasury and demand that prompt action De TAKEN
IN repenishing the Treasurys sod vaults ne
nresent condition Of the Treasury caves no doupt
In anybody's mind that there viii have 10 be an
;ssue Of Government bonds The solid hnanca; men
Of This CITY suggesi that there should be no de.ay
that popular bond issue should be made az once.
Latest advices from Washington Yesterday Cau9Pi
q somewhat easier feeling In Wal! stree Iud, -,
lions pointed to the smashing 81 ne iarn 5, o..
II was said that the President favored KS deirat
and that Speaker Crisp would endeavor 20 ndes
II killed al once II those advces had been receiver
earlier the stock market would undouoteiE nav
been more active. Sugar. as usua. mohopoi"egi a. a.
tention although some excitement was causel DIV
a break in Consolidated Gas half dozen points
down The break seemed 20 be due 70 'i"'"a''V"
on fears OF increased competition.