Evening journal., 1895-09-10
The GOLD TIDE EBBING
The Current Is Setting Rapidly
Toward Threadneedle Street.
TODAY sl,25oOOO GOES TO EUROPE.

Assistant Secretary Of the Treasury Pays a
Visit TO Wall street That is Looked Upon
rs Observation-Disclosures Issue of Bonds Is
Rumored.
e NEW YORK. Sept. 10.-A million and
quarter In gold was withdrawn from the
Uubtroasury Monday for shipment TO Eu-
rope today and the bond syndicate made
no frosh deposit of gold from the store of
So 600, 600 to si5, 900, 900 which it is un-
dorstood to have in reserve.
The shippers were W. II. Crossman &
Bro, 81 OOO 900; Nesslago q Fuller
$780, 600, and Oolrichs & CO., $3.50, 000
Tho shipment by Oclrichs g. Co. is for the
use of the steamship company in its for
oign money exchange department Tho
other shipments are to 1Aeot demands for
foreign exchange which are not supplied
by commercial bills
These Withdrawals brought the reserve
down to s07, 300 600, or 81, ZOO 600 below
the $780, 600, 600 mark.
Tho syndicate gave no intimation 20 the
subtreasury officials that there was to be
a counter deposit TO mako up for the loss
es of the last fow days.
However the syndicate inquired at tho
banks how much coin they would surren-
der AS the general feeling among tho
banks toward the syndicate is friendly, it
IS very likely that under pro rata con-
tribution q large sum Of gold will be gath
cred to assist the syndicate and the gov
ernment.
Mr.. Curtis Visits Wall Street.
Assistant Secretary William E. Curtis
of the treasury department visited Tho
subtrensury yesterday. He had long
talkiwith Assistant Treasurer Jordan and
then left to go TO Bar Harbor He said his
visit hero had no public Significance. Ho
is on vacation.
This may be true but Mr.. Curtis Wis
its TO Wall street have usually preceded
the announcement Of a new issue Of gov
ornment bonds Hence his movements
were closely watched yesterday. Secretary
Carlisle has SO often used him as a feel
or" that all the Wall street news agencies
watched Mr.. Curtis movements and re-
ported every Office at which he called and
every man 60 whom he spoke.
He met q membor OF the firm Of J. Pior-
pont Morgan, the head of tho bond syndi-
cato, 20 whom, under the Cleveland Bel
mont Morgan Rothsohilds agreement Of
last February, any fresh issue Of bonds
must DO offered at 10iE before It Is ten
dered TO the public at 1873, the present
price OF the bonds The original agree
mont expires Oct. 1, but 1t has been
changed OF modified, and no one but Mr..
Cleveland, Mr.. Carlisle and the bond syn
dicato knows its present status
The prediction of another bond issue IS
based ON the insuflicienoy Of the govern
lhont revenue. From July to Sept. the
deflcitswas S18, 6Oo,0OO
Now Bond Issue Probable.
A man who has close personal relations
with members Of the bond syndicate was
asked yesterday whether anow bond Issue
was expected. He said: 1t Is becoming
more and moro probable the longer gold
exports continue. It was Thought two
weeks ago that the movement had culmi-
mated, but gold continues to leave tho
country in large quantities. None of the
| banking houses which have hitherto profit
ed by those exports are now engaged in
them. All of them are aiding tho treasury
to tho bost of their ability The syndicate
has already deposited 1000 600 in gold
in the treasury over and above the pay
ment for the last issue OF bonds. But the
present outward flow Of gold seoms ire
sistiblo and 60 be due to two causes;
First the fact that our winter wheat
and cotton crop were both small and late
and are not going abroad in sufficient
l quantities to offset our very lfoayy im-
/ ports of merchandise, due to improving
business, and, second, 20 the fact that the
/ expenses Of the government have been
| running $1,000, 600 a week over our reve-
nuc. So the treasury must pay out gold
and has no chance TO hoard IT, "