Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1895-08-22
OUTGOING OF GOLD
MORE THAN FOUR MILLIONS
LOST IN 4 WEEK.
A PERIOD OF DULL DAYS
Operators Hold Aloof to Await a Be
turn of Normal Exchange Rates
Sacrifices of the Bond Syndicate to
Protect the Treasury Not Over
SeriouS-Market Matters

New York, Aug. 17.-Yesterday's
the proceeding dull days. Leading
opera tors are said to be holding aloof
until the exchange situation resumes
its normal condition. For the week
ending today the shipments of gold
will aggregate S4,30O.0OO.
In view of the discussion that is
now going ON in the newspapers as to
the government bond syndicate it
might be we'll to state that since it's
termination the syndicate has en-
deavored to secure for the United
States treasury the greater part of
the output of the gold mines through
out the United States. 1t has not
paid a direct premium for gold bars,
but it may, as is us, ullion
dealers, have / rnses of
transferring IT, e. from the settlers
to the government assay office and
some times have divided these eX-
penSes with sellers of bullion and paid
the brokerage to the bullion dealers
for securing the gold bars. By this
means it is believed the syndicate has
secured bars to the amount of S3,OOO,-
600 at no greater than the normal
difference in value between coin and
bullion. The grea ter part of this gold
has been represented by assay office
checks given in payment for bars,
and these are now being turned into
the sub-treasury, legal-tenders being
q cd Nv no 70 in ont
therefor.
Commercial Reports.
Bradstreet'S says that the midSum-
mer quiet is more conspicuous than
week ago, though less SO in industrial
than in commercial lines. AS a rule
the leading manufacturing industries
are exceptionally busy for the season,
and it is worth adding that the in
crease in the demand and prices for
iron and steel still continues. The
gross and net railroad returns for the
first half of the present year show
satisfactory aggregate Of gains over
last year-the period of the great coal
and railroad strikes. The exports of
wheat and flour during the seven
weeks of the new cereal year amount
in round numbers to 100000
bushels. In the like period year ago
the total exported was 100000 and
two years ago 100000 bushels. The
total bank clearings Of the principal
cities the past week were 1898, 743,-
925, an increase of Is per cent COM
pared with the corresponding week
last year
r. G. Dun & Co. say the heavy bus
mess which ought to have been done
in May and June was pushed into July
causing the dullness in August With
this in mind it is not surprising to find
the shrinkage from July to August
more conspicuous than usual. The
disappointing crop reports last Satur-
sened confidence in regard to the fu-
lato1st he gained by the moi tie t
ture of trade, even while
some spectators gained by them
Back Of all doubts lis the fact that the
industries are doing better than any
imports have been very heavy and the
advance in cotton goods has to some
extent checked buying. Wooden man
ufacturers find in their way large
sales of foreign goods at prices which
must cause official investigation.
The sales of domestic woods this week
indicate that it is largely held for
speculation at prices about a cent
higher than the manufacturers feel
able to pay. Late crop reports have
modified expectations as to corn and
cotton and wheat and cotton specu
lators have lifted the price five-six-
teenths, while wheat with more evil
dence of loss in yield, has declined 1
rs cents. The failures in the United
States the past week were 1876 against
229 last year.