New-York tribune., 1894-03-17
GOLD STARTS FOR LONDON.
A SHIPMENT OF $l,50OCOO IO-DAl'
THE CHAMBER or COMMERCE TO URGE a
VETO or THE BLAND HILI~"pUNS
REVIEW" ON TRADE.


REVIEW" on TRADE.
There will be 81 10000 gold shipped to London on
the steamship Umbra to-day by Lazard Frere7'
The gold is taken ont Of the city banks. thus re-
lleving the Sub-Treasrry from loss. II is the "9'
shipment on exchange to London since last JUN
The sterling exchange market closed strong N'S'''
day top prices. and the rates Tor commence
bills are equally strong. The bankers VINO snip '"'
gold say that It is simple commercial transacu'n'
but Wall Street believes that the margin "i Pf""'
is so small that the precious metal would not nave
gone IL the United states Senate had not pasSVi
the Silver Scigniorage bin.
The Chamber Of Commerce Will hold a specmi
meeting on Tuesday to pass resolutions aSA''7
President Cleveland to veto the Bland bill for the
coinage of the seigniora-e. The opinion h'n uS
some Wall Street men about President cleveland ;
nrobablc action in regard to the bin is that he VIII
either approve it or allow It to become law ny
taking no action upon It, II he takes no acton
within ten days the bill will become a law.
When Secretary Carlisle got the promise from the
New-York bankers that his bond issue would he
subscribed to he gave in return his assurance that
the Government would not increase It's slIVGGrr "a
biIities by coming the silver seIsh"ihtr - ,,.
bin is allowed by the President 10 become d & i',c
the New York bankers will not supply any NOR
gold for the export movement ana VIVA wha' go, gou tbo is
from this country VIII nay ,tb 10 % az the for
United States Treasury The strenglt9 U uie bip
egn exchange market toreshadoWS n sut bIevcd bv
most bankers that veto of the Band eill WouI1
hay 81
that the usual spring afuX of gold Wouid red'H
only small proportions. n - nm, g. 20
The business failures reported TO K. g. DUN % 20.
for The week numbered 264 in the mted olatT ooS
and dftv-fve in Canada total ot @lS aEdllSt %
last week and go in the corresponding week Oh Io
Tbe failures this week were not important IN CiaI @
acter "Dun's Review" presents the ioIoW"s SUM-
marv Of the business situation. , -, 80
week by week it is found pcssip.e N rII an
duction with a general range Of pres m. ont
lowest ever known. As Old stocks Civ ~ "a.
orders for repenishmelt first for cheaper GOODS
than have before been chosen, traders thertH ltp
resentne consumers who are compenfi or IfSrg 'ri
"a live more cneap'y Then the quantities ord-'ou
arc 81 much smaller than the industries nave pt'h
accustomed to supply and 50 far Deiow tNr Cidc'ia
Of works that the competition drives pri''S III
each grade down 70 below actual cost, Squeezing
ON, rrofi:s and forcing down wages YET the pTonlS
and the wages are the fund from whicn iGlurr
purchases for consumption must be maze - -
under such conditions that more WORKS are ETIIa 1
into operatior many with doubt as 10 now lons
they viii be able to operate. Thus me measure Oh
resumDtOn by works hands or hours ol IipoT
* not a measure Of the revival in business ether
as 10 quantity or values of goods distrlhutei 1ces
Of commodities are this week on the whoIe, the
lowest Of which there Is any record. having decihe
10 per cent in March and averaging 10 per ceni
lower than a year 50 that more than a thru
of the decrease in volume of all payments Is due
TO decline in prices Of things consumed